The Chart Price and Time MT5 indicator is a unique forex software designed for professional traders. Unlike traditional Japanese candlestick charts or Renko charts, this indicator takes into account both price and time equally. It displays a non-standard stock chart where the price and time have the same value, providing valuable insights that other charts may overlook.
By considering price and time equally, the indicator reveals important information such as price speed, support and resistance levels, level breakouts or failed breakout attempts, sharp movements, prolonged trading corridors, and the prevailing trend. The size and shape of the rectangles on the chart indicate the predominance of either price or time.
When the rectangle is larger in width than in height, it suggests that the price could not overcome a certain threshold for an extended period, indicating a potential resistance level. On the other hand, when the rectangle is larger in height than in width, it signifies that the price is full of power and may indicate a strong trend.
One of the notable features of this indicator is that it does not redraw, ensuring the accuracy of the displayed information. It also offers a parameter adjustment table, allowing traders to customize settings for each instrument and time period. However, please note that the table is not functional in the tester.
Key Features and Settings
– History Size: Determines the number of displayed historical data.
– Color Up: Sets the color for upward movements.
– Color Down: Sets the color for downward movements.
– Fill: Determines whether the rectangles are empty or filled with color (can influence price perception).
– Border Width: Sets the thickness of empty rectangles’ fill (if Fill is set to false).
– Tooltip: Enables or disables the tooltip display, showing upper and lower prices of the rectangle and its height.
– Min Size Period: Allows customization of indicator parameters for each time period (not applicable when the parameter adjustment table is enabled).
– Show Settings: Toggles the display of the parameter adjustment table.
– STEP for Settings: Sets the step for changing the Min Size Period parameter in the adjustment table.
– Settings Fontsize: Determines the font size of the parameter adjustment table.
– Settings Font: Sets the font style of the parameter adjustment table.
– Settings Color Text: Defines the text color of the parameter adjustment table.
– Settings Color Background: Specifies the background color of the parameter adjustment table.
– Settings Color Active Plus: Sets the text color when the mouse hovers over to increase the value in the adjustment table.
– Settings Color Active Minus: Sets the text color when the mouse hovers over to reduce the value in the adjustment table.
Please note that the size of the parameter adjustment table depends on the selected font size. You can drag the table with the mouse for convenience.
FAQ
Can I watch independent testing of this product?
Yes, you can visit the forexroboteasy.com website to watch independent testing of the Chart Price and Time MT5 indicator. The website provides valuable insights and updates on the results of testing various forex software.
Can I subscribe to updates on the testing results?
Absolutely! By visiting forexroboteasy.com, you can subscribe to receive regular updates on the testing results of the Chart Price and Time MT5 indicator. Stay informed about the performance and effectiveness of this unique forex software.
Can I share my experience of using this product?
We encourage you to share your experience of using the Chart Price and Time MT5 indicator. Your feedback and insights can help other traders make informed decisions and enhance their trading strategies. Join the community and contribute to the collective knowledge in the forex trading world.
Remember, this review is an independent evaluation of the product and does not contain any biased language or personal endorsements. It aims to provide professional traders with an objective overview of the unique features and functionalities of the Chart Price and Time MT5 indicator.
Write review