The vertical line correspond to the start of an hour. Some have different colors.
start of the week – red line,
start of the day – blue line,
start of the month – yellow vertical line.
Horizontal line – placed on psychological (round) levels, like 1.3700, 13750, etc.
blue – shape line
gray – intermediate levels
MT4 Indicators – Download Instructions
Grid is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Grid 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 Grid.mq4?
- Download Grid.mq4
- Copy Grid.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 Grid.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Grid.mq4 is available on your Chart
How to remove Grid.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: Grid