Forex timeframe indicator.

The design of a trader's terminal involves trading on a certain time frame, but sometimes it is not superfluous to control the situation on neighboring time frames.

Alternatively, you can switch between timeframes. But it is better to use the indicator of the same name. The time frame indicator allows you to make Forex trading more convenient, and therefore more effective, it allows you to highlight the time frames you specify, thereby facilitating analysis.

It is usually used when trading on short time periods, using scalping , the trading itself is carried out on M15, while simultaneously monitoring the situation on M5 and M1.

As a rule, on the main interval the direction of the future transaction is selected, and on shorter intervals the search for entry points occurs. Download timeframe indicator .

After installation on a chart with default settings, you will have several windows, each of which characterizes its own time interval.

Basic settings.

For the indicator to work correctly, you only need to change a few parameters.

TimeFrames – we enter, separated by a space, the timeframes that we want to see on the chart, for example M1, M5, H1.

ChartsGap – distance between adjacent time periods.

RectColor – the color of the indicator itself; blue is set by default.

Correct operation of the indicator is only possible if the selected time intervals in the timeframe indicator settings are shorter than the working one.

After trying to use this tool, I wanted to express my own opinion, the script is quite inconvenient to use, the windows that appear sometimes interfere with tracking the working timeframe .