Brooke Martin
There are several ways to adjust the appearance of charts in MetaTrader 5 (MT5) to suit your trading needs. One way to move the current candle to the middle of the screen is to use the Chart shift feature, which allows you to shift the chart horizontally within 10% to 50% of the window size. Another way is to use the keyboard shortcut Alt + 2 to switch to a candlestick chart, which displays the open, close, high, and low prices of a trading instrument. Additionally, you can use custom indicators or conditions to detect the midpoint of the current candle and plot a line accordingly.
| Characteristics | Values |
|---|---|
| Method | Use fxDreema to create a custom condition |
| Steps | Create an indicator that detects the midpoint of candle 0 (current candle) and then extend the line to the left only if it crosses two or more previous candles |
| Additional Steps | Create another condition for the high. When the condition is met, draw a trendline from the median price of 0 and shift time 2 back 3 minutes. Do this for each condition's high and low and set it to Yes on create 1 object per bar |
| Alternative Method | Use an object drawing function, where the trendline or ray is created at the candle’s median point and runs left (with a filter to stop redrawing each time a new candle forms) |
| Alternative Steps | Use logical conditions on the candle's midline and a pre-set look-back condition (i.e., checking if the line intersects two or more candles) |
| Alternative Method | Use keyboard shortcuts to move the chart one candle at a time |
| Keyboard Shortcut | For Windows 10, click fn+f12 simultaneously. Use the page up and page down keys to move the chart one candle to the left or right |
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What You'll Learn
- Use fxDreema to create a custom condition
- Create an indicator to detect the midpoint of the current candle
- Extend the line to the left if it crosses two or more previous candles
- Use an object drawing function
- Use keyboard shortcuts to switch between different chart types (e.g. F12 to move one candle at a time)
Use fxDreema to create a custom condition
Moving the current candle to the middle of the screen in MT5 can be achieved by creating a custom condition using fxDreema. This involves several steps, including understanding candle IDs and buffers, and creating the necessary conditions for the candle's position and trendlines.
Firstly, it's important to understand that each candle has an ID number, with the newest candle being 0, the previous candle being 1, and so on. This is crucial for creating custom conditions in fxDreema. Additionally, indicators use buffers to store their numeric data, with each buffer corresponding to a specific candle.
To move the current candle to the middle of the screen, you can create a custom condition in fxDreema that detects the midpoint of candle 0 (the current candle). You can then extend a line to the left if it crosses two or more previous candles. This can be done by creating the condition: "candle 0 median price (high + low / 2) = candle low of candle 3". Another condition for the high point of the candle needs to be created as well.
It is important to note that the "create 1 object per bar" setting should be set to "No" to prevent constant redrawing as the candle updates. Additionally, you can use an object drawing function to create a trendline or ray at the candle's median point, extending to the left, with a filter to prevent redrawing with each new candle.
By following these steps and creating the necessary conditions in fxDreema, you can move the current candle to the middle of the screen in MT5, providing real-time aid for your trading setup.
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Create an indicator to detect the midpoint of the current candle
To create an indicator to detect the midpoint of the current candle, you can use the fxDreema platform to create a custom condition. This involves detecting the midpoint of candle 0 (the current candle) and extending a line to the left if it crosses two or more previous candles.
Firstly, ensure that the "create 1 object per bar" setting is set to "No" to prevent constant redrawing as the candle updates. To achieve this, create a condition where the median price of the current candle (calculated as the sum of the high and low prices divided by 2) is equal to the low price of the third candle.
Next, create another condition for the high price. When this condition is met, draw a trendline from the median price of the current candle and shift the time back by a few minutes. Repeat this process for the high and low prices of each candle, and set "create 1 object per bar" to "Yes".
Alternatively, you can use an object drawing function where a trendline or ray is created at the median point of the current candle and extended to the left. To avoid constant redrawing, use logical conditions on the candle's midline and a pre-set look-back condition to check if the line intersects with two or more previous candles.
Additionally, consider automating the process by creating a custom Expert Advisor (EA) that can track the midpoint of the current candle based on the parameters you set.
While manually drawing the line can be done, automating this process through custom indicators will reduce cognitive load and aid in quick decision-making during high-speed scalping.
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Extend the line to the left if it crosses two or more previous candles
To extend the line to the left if it crosses two or more previous candles, you can use fxDreema to create a custom condition. This involves creating an indicator that identifies the midpoint of candle 0 (the current candle) and then extending the line to the left only when it crosses at least two prior candles. This line can be plotted after the candle closes, providing real-time assistance for your scalping setup.
Another approach is to utilise an object drawing function, where a trendline or ray is drawn from the candle's median point and extends to the left. To prevent constant redrawing with each new candle, a filter can be applied. Using logical conditions on the candle's midline, along with a pre-set look-back condition, can help visualise the setup and reduce manual errors.
For instance, you can create a condition where the median price of candle 0 equals the low of candle 3. When this condition is satisfied, draw a trendline from the median price of candle 0 and shift the time back by a few minutes. Repeat this process for both the high and low conditions.
Additionally, consider automating the process by creating a custom Expert Advisor (EA) that dynamically tracks the setup based on your specified parameters. This eliminates the need for manual interventions and ensures that the line extension is accurately triggered when the condition of crossing two or more previous candles is met.
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Use an object drawing function
To move the current candle to the middle of the screen on MT5, you can use an object drawing function. This involves creating a custom indicator that identifies the midpoint of the current candle (referred to as "candle 0") and then drawing a trendline or ray from this point, extending it to the left.
Step 1: Create a Custom Indicator
You can create a custom indicator in MT5 that detects the midpoint of the current candle, which is referred to as "candle 0". This indicator will help you identify the specific point on the candle that you want to target with your object drawing function.
Step 2: Calculate the Midpoint
To calculate the midpoint of the current candle, you can use the following formula:
> midPrice = (open + close) / 2
Here, "open" refers to the opening price of the current candle, and "close" refers to its closing price. This calculation gives you the exact point you want to target with your trendline or ray.
Step 3: Use an Object Drawing Function
Now, you can utilize MT5's object drawing capabilities to create a visual representation of the midpoint on your chart. You can draw a trendline or a ray starting from the calculated midpoint and extending it to the left. This provides a clear reference line that can assist in your technical analysis.
Step 4: Set Filters and Conditions
To avoid cluttering your chart, you can set filters to control the redrawing of the trendline or ray. For example, you can specify that the line should only be redrawn when a new candle is formed, ensuring that your chart remains dynamic and responsive without becoming overcrowded.
Additionally, you can set pre-defined conditions to further automate the process. For instance, you can specify that the trendline or ray should only be drawn if it intersects with two or more previous candles. This helps in visualizing potential trade setups and reducing manual errors.
By following these steps and utilizing MT5's object drawing functions, you can effectively move the focus to the current candle's midpoint, providing valuable insights for your trading decisions.
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Use keyboard shortcuts to switch between different chart types (e.g. F12 to move one candle at a time)
Keyboard shortcuts, also referred to as hotkeys, are a key or a set of keys that allow you to perform various commands quickly and efficiently without using menus or toolbars. MetaTrader 4 and MetaTrader 5 are powerful trading platforms that are loaded with many useful features. While these platforms offer on-screen menus to launch their various tools, you may find it quicker and easier to use MetaTrader keyboard shortcuts.
MetaTrader 5, for instance, offers a wide range of keyboard shortcuts to help you navigate its interface and perform tasks more efficiently. These shortcuts can be used to open/close windows, display the Market Watch, and perform other tasks to increase your productivity. For instance, pressing the 'Enter' key opens the 'Fast Navigation' box, which allows you to switch between two open graphics or change the period of your open chart.
While I couldn't find a specific keyboard shortcut to move one candle at a time, there are several keyboard shortcuts that can help you switch between different chart types. For example, the MetaTrader shortcut keys allow you to change the chart type to a bar chart, candlesticks, or a line chart. Additionally, you can use the ""Step by Step" feature to switch the chart profile in both reverse and forward order.
Furthermore, you can create custom conditions and indicators using tools like fxDreema. This allows you to detect the midpoint of the current candle and extend a line to the left if it crosses two or more previous candles. While this doesn't directly move one candle at a time, it provides a way to visualize and analyze the candles in a different way.
By utilizing these keyboard shortcuts and customization options, you can streamline your trading experience, make quicker decisions, and potentially increase your efficiency when using MetaTrader platforms.
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Frequently asked questions
Press "Fn+F12" simultaneously to move the chart one candle at a time.
Yes, use the "Page Down" and "Page Up" keys on your keyboard. Page Down moves the chart one candle to the right, and Page Up moves the chart one candle to the left.
You can use the "Chart shift" function to shift the chart from the right edge of the window to the shift mark. The chart shift mark is a grey triangle at the top of the window, which can be dragged horizontally within 10% to 50% of the window size.
You can use fxDreema to create a custom condition for this rule. Create an indicator that detects the midpoint of the current candle (candle 0) and then extend the line to the left only if it crosses two or more previous candles.
Yes, you can use an object drawing function, where a trendline or ray is created at the candle's median point and runs left, with a filter to stop redrawing with each new candle.
