CustomTimeframe Candles - MetaTrader 4 Script - MT4/MT5 Resources
I've recently seen some trading systems take for example 5 seconds. The indicator allows you to select any time (in seconds) and generate candlesticks. Of course, no real candlesticks are generated, but I use a histogram. Actually they look alike.
Unfortunately, this only works in forward mode.
I recommend making the main chart invisible as shown in the screenshot.
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This screenshot shows a 5 second chart
Attachment download
📎 CustomTimeframe.mq4 (4.48 KB)
Source: MQL5 #10080
CustomTimeframe Candles - MetaTrader 4 script usage and filtering suggestions
CustomTimeframe Candles - MetaTrader 4 script is a resource related to Forex indicators. 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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