AW CANDLE TIME INDICATOR, INSTRUCTION AND DESCRIPTION. – Buying and selling Techniques – 8 August 2023

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On this information, we are going to analyze all of the enter settings of the indicator. Typically, enter settings are divided into thematic blocks, every of which incorporates grouped thematic settings. Such a grouping lets you rapidly work out the place this or that adjustment is positioned.

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Benefits:

• The indicator has a variety of settings, which lets you customise the visible element for the comfort of the dealer.

• Displaying the time till the tip of the candle on the present timeframe and a plug-in show of the time till the tip of the candle on two extra timeframes.

• The AW Supertrend multi-timeframe development indicator is built-in and tints the textual content labels of timeframes within the colours of their route.

• Show of the present server time of the dealer, changeable by location on the chart and adjustable font measurement.

• Versatile association of components association. The show could be configured subsequent to the present value or in any nook of the chart, which is conveniently adjusted within the enter settings.

• Constructed-in sound notification and extra coloring of the time earlier than altering the candle, the variety of seconds could be adjusted within the enter variables.

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Technique:

1) Pattern filtering

The AW Candle Time indicator is a multi-timeframe timer till the tip of a candle with a built-in development indicator. Now we have constructed within the AW Supertrend indicator to be able to show not solely the time till the tip of the candle on a sure timeframe, but additionally the route of the development in a multi-timeframe type.

2) The route of the candles is bullish / bearish

The indicator has a built-in perform for repainting textual content labels relying on the route of the candle on totally different timeframes. That’s, one label colour for bullish candles and one other for bearish ones. Thus, the indicator can present the route of the candles of different timeframes.

3) No filtration

Mainly, the indicator was created precisely as a timer for the time till the tip of the candle and might, if obligatory, use solely this minimal performance. If there isn’t any want for a multi-timeframe show of the development or server time, then change it within the enter settings.

4) Altering the timeframe

As well as, to show the higher and decrease textual content labels, the flexibility to pick out a timeframe from M1 to MN1 is inbuilt.

Altering the timeframe when displaying the higher and decrease textual content labels is accessible for all work choices: with out filtering, with development filtering, and with filtering by candlestick route. Thus, it’s potential to run the indicator on M30 and run multi-timeframe components, for instance, on H4 and D1, to be able to use development route filtering from these timeframes by defining entry factors on M30.

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Enter settings sections:

Major settings

Candle_Time_Location – The situation of the timestamps till the tip of the candle time, the next choices can be found:

Left_Upper_Corner – Location within the higher left nook of the chart.
Right_Upper_Corner – Location within the higher proper nook of the chart.
Left_Lower_Corner – Location within the decrease left nook of the chart.
Right_Lower_Corner – Location within the decrease proper nook of the chart.
At_the_price – Location to the appropriate of the present value on the chart.

Trend_Strategy – Technique for recoloring textual content labels, the next choices can be found:

No_colored – No recoloring of textual content labels.
Colored_by_candle_direction – Recolor labels in keeping with bullish/bearish candle route.
Colored_by_supertrend_direction – Recolor labels in accordance with the route of the development in keeping with the AW Supertrend indicator.

Show_Server_Time – Allow or disable the show of the label with the server time.

Server_Time_Location – The situation of the textual content label that shows the server time. May be in one of many 4 corners of the graph.

Candle Time

Show_used_trend_mode_in_this_label – Present chosen development mode on this label or not. If enabled, the development or route of the candlestick will probably be displayed on the mark when the corresponding setting is chosen within the Major Settings.

Font_Size – Font measurement for the textual content timestamp till the tip of the candle of the present timeframe.

Higher Time

Show_Upper_Time_Text – Allow or disable the show of the higher label of the extra timeframe.

Upper_Timeframe – Alternative of timeframe for the higher label. There are two setting choices:

_Nearest_ – Present the closest higher timeframe. For instance, you launched the indicator on H1, the closest higher one will probably be H4. In the event you launched the indicator on M1, the closest high one will probably be M5. With this setting, the higher label of the extra timeframe will probably be robotically hidden when the MH1 timeframe is launched – since there isn’t any larger timeframe.
Choosing a timeframe from the checklist, choices can be found from M1 to MH1 inclusive.

Show_used_trend_mode_in_this_label – Present chosen development mode on this label or not. If enabled, the development or route of the candlestick will probably be displayed on the mark when the corresponding setting is chosen within the Major Settings.

Font_Size – Font measurement for the highest textual content timestamp till the tip of the candle.

Angle_upper_label – Angle of inclination of the higher label relative to the center one within the show mode “Candle Time Location” = “On the value“.

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Lower_Time

Lower_Time – The underside label settings part for multi-timeframe work. Shows the time till the tip of the candle on an extra timeframe. In addition to the highest label can be utilized for extra filtering.

Show_Lower_Time_Text – Allow or disable the show of the decrease label of the extra timeframe.

Lower_Timeframe – Choosing a timeframe to show. There are two setting choices:

_Nearest_ – The closest smaller timeframe relative to the present one. That’s, for work on H1, the label will show knowledge on M30. To work on D1, the label will show knowledge on H4, robotically altering the timeframe for the decrease label relative to the present one. When launched on M1, the label will probably be robotically hidden, since M1 is the smallest of the timeframes pre-installed on the buying and selling terminal.
Choosing a timeframe from the checklist, choices can be found from M1 to MH1 inclusive.

Show_used_trend_mode_in_this_label – Allow or disable recoloring of the checkmark textual content colour in keeping with the development technique chosen in “Trend_Strategy“.

Font_Size – Font measurement for the underside textual content timestamp till the tip of the candle.

Angle_lower_label – Angle of inclination of the underside mark relative to the center mark within the show mode “Candle_Time_Location” = “At_the_price“.

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Supertrend_Settings

Supertrend_Settings – The flexibility to show the route of the development in keeping with the AW SuperTrend indicator is constructed into the indicator of time till the tip of the candle. This part of the enter settings incorporates all of the changes of the development indicator.

This indicator is constructed into AW Candle Time and can work inside it with none restrictions. This product can be out there as a standalone indicator and is offered freed from cost by us. A hyperlink to the AW SuperTrend web page will probably be positioned on the backside of this text.

_Period_ – Interval of the development indicator. It’s the important adjustment of sign sensitivity. The smaller the worth, the quicker a brand new development will probably be detected, however on the identical time, the extra short-term fluctuations and corrections will probably be perceived as new alerts. The upper the worth, the much less the indicator will probably be uncovered to market noise and the much less it can give alerts.

_Multiplier_ – Multiplier of the development indicator. Second adjustment of sign sensitivity. The extra – the deeper the filtration. Typically – you should utilize the default worth by adjusting the sensitivity with   Interval .

Max_bars_for_calculation – The variety of candles on the premise of which the present development route will probably be calculated.   Typically – you should utilize the default worth .

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Alerts

Alerts_Settings – The indicator has built-in sound notifications concerning the approaching closing time of the present candle, these notifications could be configured to be activated for a sure time period earlier than the candle closes, and in addition give them a separate sound sign.

Sound_alert – Allow or disable sound notification of a brand new candle.

Seconds_before_new_candle_for_alert – What number of seconds earlier than the beginning of a brand new candle to ship a sound notification.

Custom_alert_sound – This variable lets you set customized sound for alerts. There are numerous sound information within the terminal library, amongst which you’ll select the sound for notifications. If there isn’t any worth on this variable, the default worth will probably be launched, that’s, this variable cannot be modified unnecessarily.

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Last_Seconds

Last_Seconds_Settings – The part for setting the repainting of candles for a specified interval earlier than the closing time of the candle. At a sure time earlier than the shut of the candle, textual content labels could be tinted with brighter colours to sign the shut time of the candle is approaching.

Painted_last_seconds – Allow or disable repainting of textual content labels for a specified interval earlier than the tip of the candle earlier than the tip of the candle.

Last_seconds_for_paint – What number of seconds earlier than the tip of the candle to repaint textual content labels in brighter colours.

up_color_last_seconds – A brighter colour for an uptrend.

Down_color_last_seconds – A brighter colour for a downtrend.

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Graphics

Graphics_Settings – Part for setting indicator graphics, padding, colours and prefixes.

Font_Size – Font measurement for textual content labels.

_Color_ – Main colour for textual content labels.

Up_color – Main colour for an uptrend or bullish candle.

Down_color – The principle colour for a downtrend or a bearish candle.

X_Server_Time – Horizontal offset for server time stamp.

Y_Server_Time – Vertical offset for server time stamp.

X_Time – Horizontal indent for the time stamp till the tip of the candle (when positioned on the corners of the chart).

Y_Time – Vertical offset for the time stamp till the tip of the candle (when positioned on the corners of the chart).

Y_offset_between_Time_labels   – Indent between timestamps till the tip of the candle   (when positioned on the corners of the chart).

Upper_prefix_text – Textual content prefix for high textual content.

Lower_prefix_text – Textual content prefix for backside textual content.

X_offset_in_candles – Horizontal indent in candles for timestamps till the tip of the candle (when positioned close to the present value).

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