If you use price action check out this script

26.06.2018 / 12:10

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Many traders trust the price action signals (Japanese candlesticks formations) when making a trading decision. If you are one of them, this script will be of great help to you.

A script that combines several Japanese candles from a given time frame is called PeriodConverter and is built in with the installation of Meta Trader 4.

Double click it or drop it in the chart. This will drive you to a new window

For example, if you are on a daily chart and in the Period multiplier factor field, enter 3, this will merge 3 days into one Japanese candle and you will get a completely new look at the price movement over a 3-day period. To open the new chart, you need to select the File -> Open Offline and then select the appropriate instument. In the current example GBPUSDD3

The result must be something like this:

Trader Nikolay Georgiev

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If you use price action check out this script

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