Twin Time Body Indicator – Candles in Candles for MT4
Overview
The Candles-in-Candles Indicator is a multi-time body visualization software designed particularly for MT4. It overlays increased time-frame candles onto your decrease time-frame chart, permitting you to see how smaller candles behave inside bigger ones. This strategy enhances market construction evaluation, sharpens pattern identification, and clarifies worth motion—with out the necessity to swap between charts.
How It Works
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Choose Your Decrease Time Body:
Open your MT4 chart on the specified time-frame (e.g., M1, M5, M10). -
Apply a Multiplier:
Select a multiplier to set the upper time-frame construction dynamically.- Instance:
- M1 chart with a 5x multiplier → Shows M1 candles inside M5 candles.
- M10 chart with a 6x multiplier → Shows M10 candles inside H1 candles.
- Instance:
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Visible Overlay of Greater Time Body Candles:
The indicator plots the OHLC (Open, Excessive, Low, Shut) of the upper time-frame straight over your present chart. The most recent candle updates in actual time as costs transfer.Every increased time-frame candle options:
- Outer Containers (Excessive-Low): Shows the best and lowest costs for the interval.
- Inside Containers (Open-Shut): Reveals the opening and shutting costs.
- Actual-Time Updates: The lively candle refreshes dynamically in the course of the present interval.
The right way to Check on MT4
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Apply the Indicator to a Chart:
Open an M1 (or any decrease time-frame) chart and drag the Twin Time Body Indicator onto it. -
Choose the Interval Multiplier:
- Default is ready to five, which means on an M1 chart, you’ll see M1 candles inside M5 candles.
- Alter the multiplier primarily based in your desired evaluation (e.g., M10 chart with a multiplier of 6 shows H1 candles).
- Click on OK to verify your settings.
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Observe the Show:
Your chart will now present each the decrease time-frame candles and the overlaid increased time-frame construction:- Outer Containers: Signify the Excessive and Low of the upper time-frame.
- Inside Containers: Signify the Open and Shut.
- Dynamic Updates: The present increased time-frame field updates because the market strikes.
Customization Choices
Improve your MT4 chart view with these settings:
- Grid Show: Toggle a grid on/off for improved readability.
- Information Window: Present or cover extra particulars in regards to the present increased time-frame candle.
- Background Coloration: Alter shading for optimum distinction.
- Excessive-Low Field Coloration: Customise the colour representing the upper time-frame’s vary.
- Open-Shut Field Coloration: Modify the colour for the upper time-frame’s open and shut.
Buying and selling Advantages
- Enhanced Multi-Time Body Evaluation: View a number of time frames on a single MT4 chart.
- Stronger Development Affirmation: Align decrease time-frame trades with increased time-frame market route.
- Improved Help & Resistance: Use increased time-frame highs/lows as dependable reference factors.
- Refined Commerce Entries & Exits: Higher timing primarily based on worth interplay inside bigger candle buildings.
- Decreased Market Noise: Filter out false indicators by specializing in the broader market context.
Why Use This Indicator on MT4?
- Multi-Time Body Confluence: Get a broader market perspective with out switching charts.
- Precision Buying and selling: Establish key breakouts, reversals, and rejections utilizing increased time-frame ranges.
- Simplicity: Streamlined evaluation that saves time and reduces complexity.
- Versatility: Adaptable for numerous buying and selling kinds and market situations.
This Candles-in-Candles Indicator is an important software for MT4 merchants who wish to mix short-term buying and selling with long-term market construction in an environment friendly and customizable method.
