I saw lately a few trading system which require for example a 5 sec. This Indicator let you choose any time (in seconds) and generates candlesticks. Of course not real candlesticks are generated but i used histograms. actually they lookalike.
Unfortunately this works only in forward mode.
I recommand to make the main chart invisible, as shown on the screenshot.
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This screenshot shows a 5sec chart
MT4 Indicators – Download Instructions
CustomTimeframe Candles is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
CustomTimeframe Candles provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install CustomTimeframe Candles.mq4?
- Download CustomTimeframe Candles.mq4
- Copy CustomTimeframe Candles.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on CustomTimeframe Candles.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator CustomTimeframe Candles.mq4 is available on your Chart
How to remove CustomTimeframe Candles.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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MT4 Indicators Download here: CustomTimeframe Candles