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This library is for
MetaTrader 4
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and Trade on the Go!

and Trade on the Go!

BarTimer [ cn ]
Author: VDimov (2008.12.01 08:09)
Rating: 10
Downloaded: 12591
 BarTimer.mq4 (2.5 Kb) View

It displays the current time position in relation to the beginning and the end of the bar. In addition the ratio between the time passed since the beginning of the bar and the whole bar duration expressed in percents is given. The informer is useful for choosing the moment of making a trade decision.
For example, I open the positions within 20% from the beginning of the candlestick and after 80% of it. In the first case, the previous candlestick is taken into the account, in the second case - the current one. I think that it is necessary to keep to the harder constraints on longer intervals.


6 comments  To post a new comment, please log in or register

A really great indicator !!

Thank you.

10.03.2011 14:20 blackhawk

I am looking for this one


05.03.2011 13:43 Naveen_talkin

I changed the color of the bar on the code but seems to not change the color for the most recent weeks? Is there a way to fix this. It would be nice to have a month and year mark too. x & y axis labeling sucks on MT4. Better for fx middle men to make money.

I'd like to make a donation but where?

30.01.2010 19:32 maximuszen

cool, thanks a lot

22.06.2009 23:44 Deno

love this one.
Tnx for sharing!

24.05.2009 22:40 Zypkin

simply must!

14.05.2009 14:57 pandora