As the name suggests, the Multi Currency Symbols Chart indicator for MT4 is a Forex indicator that displays different currency pairs below the main chart. This innovative tool enables traders to monitor and view the price movement of multiple pairs simultaneously on a single chart.
So, instead of opening multiple currency pairs on one chart or switching from one currency pair to another, traders can use the Multi-Currency Symbol Chart indicator to keep their chart organized. Hence, the indicator is recommended for scalpers and day/intraday traders to keep a tab on the changes in the market for better trading efficiency.
Features of the Multi Currency Symbols Chart Indicator
The indicator has a user-friendly interface, which makes it easy for beginners and experienced traders to incorporate into their charts. It displays candlesticks that provide users with real-time updates on the price movement of multiple currency pairs.
Furthermore, the indicator is flexible and allows selecting the currency pairs to be displayed. This enables users to monitor multiple price charts of interest for all chosen currency pairs.
Benefits of Using the Indicator
- Real-Time Data: As earlier noted, the Multi Currency Symbols Chart indicator for MT4 helps Forex traders to keep a tab of multiple currency pains simultaneously. This enables traders to monitor changes in market structures and spot potential trading opportunities with less hassle.
- Reduces Screen Clog: The indicator helps keep traders’ charts tidy, which makes it easier for better technical analysis.
Indicator Settings Description
The indicator comes with the following customizable settings:
Symbols: Determines the currency chart to display.
Timeframe: Determines the time frame of the currency chart.
BarsofSymbol: Defines the maximum number of candlesticks to display.
SpecialBars: Determines the spaces between each currency pair.
LblColor: Defines the color to display symbol text.
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