Price Ray MT4

The Price Ray MT4 is a utility designed to improve the forex trading experience through its advanced features and indicators. This innovative tool displays the Bid, Ask, or Last price as a line ray extending to the current candle, last visible chart candle, or as far as the first candle. Precision and accuracy are key in the dynamic world of forex trading, and the Price Ray MT4 delivers just that.

Customizable Features for Diverse Trading Strategies

The Price Ray MT4 is entirely customizable, allowing it to meet a wide range of strategy requirements. Traders have the freedom to select the text to be shown above or below the Price ray, enhancing accessibility and convenience. Moreover, this forex software allows the display of various vital details such as Bid, Ask or Last Price, and the current spread. Traders can also view the range and body size for a defined time-frame candle in pips/points like the range as HL (High-Low) and the body size as OC (Open-Close).

Advanced Indicators for Comprehensive Forex Market Analysis

One of the unique features of the Price Ray MT4 is the Candle Timer, which provides a per-second update of the time left for candle close (selected time-frame). This feature brings real-time information to traders, thereby enabling them to make more informed decisions. The Price Ray MT4 also allows customisation of Line (extension, style, width, and colour), Dot (enabled or not, dot size, shifting the dot and line ray to the left), and the Text (font, size, and colour). This extensive range of options ensures that traders can customize the tool to their specific needs and preferences.

Adapting to Market Trends

The Price Ray MT4 offers the option for the colour of the Price Ray to remain constant or change based on the trend. Traders can choose the bullish or bearish colour for the trend, and the Price Ray indicator can change the line ray colour based on the bullish or bearish candle body of a selected time-frame. This feature can be particularly useful when trading based on trend lines drawn on the highs and lows, or when determining whether the current price is above or lower than the opening price for a higher time-frame.

Alert Notifications for Timely Trading Decisions

Another remarkable feature of the Price Ray MT4 is the alert system. The indicator announces an alert at specified seconds before the close of the current candle. Traders can select the alert as a pop-up or a bird chirping sound, with a choice from a list of notification sounds. This feature can be crucial in helping traders not miss out on key trading moments.

FAQs

Can Price Ray MT4 be used on any chart?

Yes, the Price Ray MT4 can be used on any chart, including Forex, Indices, Stocks, Commodities, and Cryptos.

How does the Price Ray MT4 determine the “Last Price”?

The display of “Last Price” is determined by the availability of the price feed (data) from the server.

Can I disable the notification sound?

Yes, there is an option to disable the notification sound. This can be especially useful when the indicator is being used on multiple charts.

We invite you to share your experiences using the Price Ray MT4. Independent testing of this product is available at forexroboteasy.com, where you can also subscribe for updates on testing results. This article is an unbiased product review, written from a neutral standpoint. It’s important to note that the Price Ray MT4, like all trading tools, should be used as part of a comprehensive trading strategy. It’s always advisable to thoroughly understand the product and its features before incorporating it into your trading strategy.