Hey traders! Today, let’s dive into the Seconds Bars Indicator for MetaTrader 5. This nifty tool helps you visualize an arbitrary seconds timeframe directly on your chart, making it easier to analyze quick market movements.
Here’s what you need to know:
In the settings, you have a couple of important options:
- Number of Days: Be cautious with this setting! If you select too many days, it can really slow down the calculation process.
- Timeframe in Seconds: Set the timeframe that suits your trading style.
- Display Options: You can choose whether to show bars or candlesticks on your chart.
Now, I did a little comparison with some charts from a reference utility, and I can confidently say that this indicator draws candlesticks accurately.
However, it’s important to keep in mind that this isn’t a fully-fledged seconds chart. It’s just an indicator. You can’t overlay other indicators on it, as they will display values based on the main chart's timeframe, not the seconds chart.
So, if you’re looking to fine-tune your strategy for those fast-paced trades, give the Seconds Bars Indicator a go!
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