The Large Time Frame Candlestick Forex indicator for MT4 enables technical traders to plot larger time frame candlesticks on the chart.
For example, you could plot the daily candlestick on the 1-hour chart or on the 5-minutes chart.
It gives you an idea of the overall trend seen on the larger time frame.
The indicator allows you to change the larger time frame candlestick.
Edit the indicator ‘Timeframe” input.
Free Download:
Download the “LargeTimeFrame.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Large Time Frame Candlestick mt4 indicator in action on the trading chart.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Large Time Frame Candlestick Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Candlestick
Repaint? No.
Download Now:
Download the “LargeTimeFrame.mq4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the LargeTimeFrame.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.