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Daily Pivot Points shifted for different day start time – indicator MetaTrader 4

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Daily Pivot Points shifted for different day start time - indicator for MetaTrader 4
This indicator plots horizontal lines at daily pivot levels R3, R2, R1, Pivot, S1, S2 & S3, using a day that is advanced (or retarded) from the server time (called Pivot Day). You can see in the illustration, that the pivot lines start earlier than the server time days (except for the most recent day, … Read more

Detecting the start of a new bar or candle – EA MetaTrader 5

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Detecting the start of a new bar or candle - expert for MetaTrader 5
For an Expert Advisor (EA), when a new tick quote arrives, the MetaTrader terminal calls the default OnTick() event handling function. However, there is no default event handling function for when a new bar (candle) starts or opens. To detect this, one needs to monitor the opening time of the currently most recent bar. Once … Read more

Detecting the start of a new bar or candle – EA MetaTrader 4

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Detecting the start of a new bar or candle - expert for MetaTrader 4
For an Expert Advisor (EA), when a new tick quote arrives, the MetaTrader terminal calls the default OnTick() event handling function. However, there is no default event handling function for when a new bar (candle) starts or opens. To detect this, one needs to monitor the opening time of the currently most recent bar. Once … Read more