Hey fellow traders! Today, I want to introduce you to a nifty little tool that can seriously improve your charting experience in MetaTrader 4: the Automatic Fixed Scale Indicator.
This indicator adds a customizable top and bottom margin to your charts, giving you the breathing room you need for drawing and analyzing price action. It works by switching your chart to a fixed scale, identifying the highest and lowest prices currently visible, and then adjusting those prices with the margins you set. This way, you get a clear view without any clutter!
Another cool feature? It automatically scrolls when you move your chart, keeping your analysis seamless and uninterrupted.
Now, just a heads up: the default head margin is larger at the top if the price is above the mid-range (indicating an uptrend) and at the bottom if the price dips below the mid-range. This smart adjustment helps you get a better grip on market movements.
Comments 0