BarTimer - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The current time position relative to the start and end of the bar is displayed in the main window. Additionally, the ratio between the elapsed time since the start of the bar and the entire bar duration is given, expressed as a percentage.
Whistleblowers are useful for timing trading decisions.
For example, a position can be opened within 20% and/or 80% after the candlestick's starting point. In the first case, the previous candlestick is considered, in the second case, the current candlestick is considered. It is better to adhere to stricter restrictions over longer intervals.
This indicator was first published in the code base of mql4.com on October 15, 2008.
Attachment download
📎bartimer.mq5 (6.7 KB)
Source: MQL5 #535
BarTimer - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
BarTimer - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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