MMD CandleOnTime

The free MMD CandleOnTime is an analytical tool creating a synthetic OHLC candle from any custom time interval. It visualizes market action as one comprehensive candle, projecting its key levels (Open, High, Low, Close, 50%) for a new perspective on price action & S/R zone identification.

Product information

MMD CandleOnTime

MMD CandleOnTime Indicator

Visualize Any Custom Time Interval as a Single Candle with Key Projected Levels - FREE Tool!

FREE Powerful Visualization Tool for MT4 & MT5 Users: Log in to your account on our website, download the MMD CandleOnTime indicator from the "Tools" section, and use it indefinitely to gain deeper market insights!

The MMD CandleOnTime Indicator is a unique and free analytical tool designed to help traders visualize market action over custom-defined time intervals as a single, comprehensive candle. Whether you want to analyze the impact of a specific news event, a particular trading session, or any chosen period, this indicator constructs a synthetic candle (OHLC) for that range and projects its key levels, offering a new perspective on price action.

Unlock deeper market understanding by easily identifying critical support and resistance zones derived from your selected timeframes. This free tool is perfect for traders looking to enhance their technical analysis without any cost.

Key Features & Benefits of MMD CandleOnTime

  • Custom Candle Creation:
    • Define any period by setting a Start Date and End Date.
    • The indicator generates a synthetic candle representing the Open, High, Low, and Close of this entire interval.
  • Comprehensive Level Projection:
    • Automatically draws and projects key levels from the custom candle: Open, High, Low, Close.
    • Additional projected levels include 50% of the body (Body 50Line Color), 50% of the upper wick (High 50Line Color), and 50% of the lower wick (Low50 Line Color).
    • Lines are projected forward up to a user-defined End Lines Date.
  • Interactive Line Display:
    • Easily toggle the visibility of each projected line (Open, Close, High, Low, 50% levels) by clicking on the corresponding part of the drawn candle or SHIFT+clicking the lines themselves.
    • Your preferences for line visibility are saved for convenience.
  • Full Visual Customization:
    • Customize the appearance of the synthetic candle: Fill Candle option, distinct colors for up/down body (Up Bar Body Color, Down Bar Body Color) and wicks (Up Bar Wick Color, Down Bar Wick Color).
    • Set individual colors for each projected line (e.g., High Line Color, Open Line Color).
    • Control the Lines Width and Lines Style for all projected levels.
  • Custom On-Chart Commentary:
    • Add a personalized Comment related to the analyzed period.
    • Customize its appearance with Comment Corner, Comment Color, and Comment Font Size.
  • Convenient On-Chart Control:
    • A Show Button allows you to quickly show or hide the entire custom candle visualization.
    • The button's appearance is fully customizable: Button Text, Button Color, Button Text Color, size, and on-chart position.
  • Completely Free & Unlimited Use:
    • This powerful analytical tool is available at no cost to all registered users on our website.
    • Download from the "Tools" section after logging in and enhance your analysis indefinitely.
  • Multi-Instance Capability:
    • Analyze multiple different time intervals simultaneously on the same chart by using multiple instances of the indicator.

The MMD CandleOnTime Indicator offers a flexible and insightful way to dissect price action over periods that matter most to your strategy. Identify hidden patterns and significant levels derived from custom timeframes, all with a highly customizable and user-friendly interface – and it's completely free!

DLL & Account Requirement: This free indicator requires the appropriate MMD License DLL (e.g., MMD_License_MT5.dll for MT5, or the MT4 equivalent) and an active login on our website (Magiconcharts.com) to function. Please ensure "Allow DLL imports" is enabled in your MetaTrader settings (Tools > Options > Expert Advisors).

You can download this tool for free from the "Tools" section on our website after logging into your account.

If you have any questions related to this product or need assistance, write to the email address: support@magiconcharts.com.

We will be happy to answer your questions promptly.