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- Forex Robot Review
- Metatrader 4
- Utilities
- Larger Price Time Crosshair Data
Larger Price Time Crosshair Data
The Larger Price Time Crosshair is a utility indicator within Forex software designed to enhance both accessibility and readability for traders. It accomplishes this by presenting a larger price scale, time scale, crosshair, and symbol name/TF/OHLC information. This article provides a comprehensive review of this useful tool for Forex market analysis.
Customizable Price Scale
One notable feature of this software is the price scale. It has an option to hide the default MT4 price scale and allows the display of horizontal lines at price levels. The prices drawn can be at round numbers, which means automatic rounding to multiples of 5, 10, 20, or 25 points, or a fixed count per window height, for example, six price levels only. There is also an option for fixed pixel spacing, such as every 75 pixels vertically. Furthermore, users can choose to show the bid and ask separately, with sizable tags.
Time Scale
The software provides a time scale feature, with an option to hide the default MT4 time scale. It has the ability to show vertical lines at drawn times. The times drawn can be at MTF times (automatically detect every 5min, 4hr, 1d, 1w etc) or with fixed pixel spacing, such as every 75 pixels horizontally.
Crosshair
The Crosshair feature can be turned on via a hotkey. The default is keyboard “c”, which has a key code of 67. If users wish to change the hotkey, there is an option to print out key codes. This feature also includes a drag option, which creates a second crosshair set, with optional distance in points, candles, and time. It also includes an optional background rectangle to bound the drag area.
Symbol Data
The Symbol Data feature allows users to display the symbol name, TF, and/or TOHLCVR (time, open, high, low, close, volume, range in points). This information can be shown in an optional chart corner, with the data tracking the mouse. All these features are customizable in terms of font, size, and color options, making it a truly versatile tool for forex trading.
FAQ
Where can users see the product in action?
Independent testing of the Larger Price Time Crosshair software can be viewed on the forexroboteasy.com website.
Can users subscribe to updates on the product?
Yes, users can subscribe to updates on the results of testing this product.
Users are invited to share their experiences of using this product, creating a community of informed currency traders. This review aims to provide a comprehensive understanding of the Larger Price Time Crosshair Forex software, which is an independent product and not affiliated with the author of this article.
Larger Price Time Crosshair Data: In-Depth Forex Software Review
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Expert Review: 'Larger Price Time Crosshair Data' Forex Tool
The "Crosshair" and "Symbol Information" features are quite useful in traditional, time-sensitive charts. These charts, which include the 1m, 5m, 15m, and so on, work seamlessly with these features. The crosshair provides an accurate representation of price and time, while the symbol information gives detailed data about the currency pair in question. This combination of features allows for a comprehensive analysis of the market, which is invaluable in making informed trading decisions. Unfortunately, the same cannot be said for offline charts, such as Renko, which are not time-sensitive. I've noticed that with each price change, the indicator seems to "reset". This can be quite frustrating, as it disrupts the flow of analysis and makes it difficult to keep track of market trends. I've illustrated this issue in comment #4 for those who want a more detailed understanding. Despite this hiccup, I still find the "Larger Price Time Crosshair Data" software to be a valuable tool in my trading arsenal. It provides a wealth of information at a glance, which is crucial in the fast-paced world of forex trading. However, I do hope that future updates will address the issue with offline charts. This would undoubtedly make the software even more useful and versatile. In conclusion, the "Larger Price Time Crosshair Data" software is a robust tool that offers a lot of value to forex traders. It excels in dealing with traditional, time-sensitive charts but falls short when it comes to offline, non-time-sensitive charts. However, even with this shortcoming, it remains a worthwhile investment for those looking to enhance their trading strategies.