Market / MetaTrader 4 / Utilities /

Time Zone In Chart

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Published: 4 July 2024

Current version: 1.1

Time Zone In Chart

Utilities
Steven Dussault
Version: 1.1
Updated: 10 July 2024

TimeZone In Chart - Custom Time Zone Horizontal Scale for MT4

Overview

Introducing the TimeZone In Chart - Custom Time Zone Horizontal Scale indicator for MT4, a utility tool designed to enhance your trading experience by customizing the horizontal time scale based on your preferred time zone. Perfect for traders who need to align their trading activities with different time zones, this indicator ensures you never miss a beat by converting and displaying time according to your specified GMT offset.

Key Features

Custom Time Zone Support: Adjust the displayed time to any time zone with the GMT_Offset parameter, ensuring your chart reflects the correct time zone for your trading needs.
Dynamic Updates: Updates the horizontal time scale dynamically during live trading conditions, ensuring you always have the most current information.
Backtest Compatibility: Automatically updates at every new bar during backtesting, providing accurate historical data analysis.
Customizable Appearance: Tailor the look of the time labels to fit your chart setup with adjustable colors, font type, and font size.
Grid-Based Label Placement: Labels are positioned at every second grid square for a clear and organized display, enhancing readability.
Efficient Resource Management: Automatically removes old labels to keep your chart clean and performant.

Parameters

GMT_Offset: Adjusts the time zone offset (default: -7).
LabelColor: Sets the color of the time labels (default: clrWhite).
SymbolColor: Sets the color of the time separator symbol (default: clrLimeGreen).
MaxBars: Maximum number of bars to display labels for (default: 500).
Font_Type: Font type for the labels (default: "Arial").
Font_Size: Font size for the labels (default: 9).
DisplayLevel: Text display level (default: 5).

How It Works

Live Trading: The indicator updates the horizontal time scale dynamically based on the specified frequency, ensuring you always have the most accurate time displayed on your chart.
Backtesting: During backtesting, the indicator updates with every new bar, providing accurate historical data aligned with your specified time zone.
Grid-Based Placement: Time labels are placed at every second grid square, offering a structured and easy-to-read layout.
Customization: With options to adjust colors, fonts, and more, you can customize the indicator to seamlessly integrate with your chart setup.

Installation & Setup

Download and Install: Download the indicator from the MQL5 marketplace and add it to your MT4 platform.
Apply to Chart: Attach the TimeZone In Chart - Custom Time Zone Horizontal Scale indicator to any chart.
Configure Settings: Customize the indicator parameters to suit your needs.
Start Trading: Benefit from a customized horizontal time scale, aligned to your specified time zone.

Why Choose TimeZone In Chart - Custom Time Zone Horizontal Scale?

The TimeZone In Chart - Custom Time Zone Horizontal Scale indicator is designed to offer clarity and precision for traders who work across different time zones. With its dynamic updates, customization options, and efficient resource management, this tool is an essential addition to any trader's toolkit. By customizing the MT4 horizontal scale, it ensures that the time is always displayed accurately and conveniently according to your specified GMT offset.

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Version 1.1 2024.07.10

V1.1 Minor update.