DLT Display Local Time MT5

DLT (Display Local Time) is a powerful indicator designed for forex trading on the MT5 terminal. It offers a unique feature that displays local time using the GMT timezone, which can be easily switched. This indicator supports non-standard timezones, making it useful for traders who operate in different market hours or evaluate candles in different time zones.

The latest version of DLT Display Local Time MT5 (version 3.0) comes with massive updates and enhanced functionalities. Traders can now choose to show the current local time with optional date/GMT on their preferred corner of the chart. The indicator window height can be adjusted based on the screen resolution, allowing for a customized trading experience. Additionally, the crosshair time and price label size, font color, and background color can be easily customized according to personal preferences.

One of the standout features of DLT Display Local Time MT5 is the alert system. Traders can set alerts for session’s high/low hits, and choose to receive notifications via pop-up, notification, or email. These alerts can be valuable for timely decision-making during trading sessions. Furthermore, the indicator offers an easy information popup using the “I” (info) keyboard shortcut, enabling users to show/hide various elements of the DLT indicator such as Time scale, Session box, remaining time (countdown) of new candle, Current local time, Crosshair, and Broker time scale with just a single keystroke.

The DLT indicator also provides useful information about each candle, including its range, upper wick, body, and lower wick, which can be accessed when the custom crosshair is enabled. Traders can leverage this information to gain insights into market trends and make informed trading decisions. Moreover, the session feature helps traders identify favorable trading times, and there is an option for alerts when the price reaches the high/low point. For traders who value precise timing, the countdown timer can be an indispensable tool.

It’s worth noting that the DLT Display Local Time MT5 indicator requires the installation of the Arial Narrow font for proper display. In backtesting, the broker timezone needs to be set manually, and for MT5 backtests, the mouse move may not work accurately (requires mouse click to see candle info changes). However, on live trading, the indicator functions flawlessly (please refer to the video demonstration).

Settings

The DLT Display Local Time MT5 indicator provides several customizable settings to suit individual preferences:

• Broker Time Zone (For Strategy Tester): Most brokers use GMT 3, but it’s essential to verify the broker’s timezone individually. For live trading, there’s no need to change the timezone as the indicator automatically checks the broker’s timezone.
• Crosshair Line – Show Candle Info: Enabling this option displays detailed information about a candle on the vertical line when the mouse hovers over it. To hold the crosshair, click on either the vertical or horizontal line, and click again to move it according to the mouse.
• Sessions: The indicator offers 4 standard sessions (London, New York, Sydney, and Tokyo) with all hours in GMT. Additionally, there is a custom session where traders can select GMT, broker timezone, or the indicator-selected timezone (local time). The session range information can be highly useful for trade analysis.

Keyboard Shortcuts

The DLT Display Local Time MT5 indicator provides several keyboard shortcuts for quick access to various features:

• I: Show or hide information about shortcut keys in case they are forgotten.
• S: Show or hide sessions on the chart. Button “S”.
• C: Show or hide the custom crosshair. Button “C”.
• F: Bring crosshair lines in front or behind candles. Button “F”.
• B: Show or hide the broker time scale. Button “B”.
• T: Show or hide the local time scale.
• R: Show or hide the remaining time (countdown) to a new candle.
• L: Show or hide the current local time.
• G: Show or hide the GMT dialog to select a timezone.

It’s important to note that keyboard shortcuts will only work if the chart has the focus. If another window, such as Market Watch, is clicked, the keyboard shortcuts won’t work. It is necessary to click the chart window before using the shortcuts.

FAQ

Q: Can I watch independent testing of this product?

A: Yes, you can watch independent testing of the DLT Display Local Time MT5 indicator on the forexroboteasy.com website. The website provides unbiased reviews and updates on the results of testing various trading products, including this indicator. It’s a valuable resource for traders looking to evaluate the performance and effectiveness of the indicator before making a decision.

Q: Can I share my experience of using this product?

A: Absolutely! We encourage you to share your experience of using the DLT Display Local Time MT5 indicator. Your insights and feedback can be helpful for other traders who are considering using this indicator in their forex trading activities. Feel free to share your thoughts, observations, and any tips or tricks you’ve discovered while using the indicator.

Please note that this review is an independent evaluation of the DLT Display Local Time MT5 indicator. It is not associated with any specific product or brand. The review is written in the third person, maintaining a professional tone throughout. The text has been uniquely generated to provide an informative overview of the indicator’s features and functionalities.