Same concept with Triangle Hedge (Symbol Synthesizer for MT5), but for chart display in MetaTrader 4.Thank you for reading this post, don't forget to subscribe!
It synthesizes any symbol if you have the source symbols in Market Watch window and then makes a real time offline chart like Period_Converter_Opt.mq4 .
So, basic use is same with Period_Converter_Opt since this is based on it.
Differences in Parameter settings are:
extern int spread = 0;
Spread in points for sSym01 (Attached chart symbol). 0 means current.
Since MetaTrader 4 history file doesn’t have past spread data, we need them to determine Ask price for the case dividing to calculate the virtual prices.
extern int vDigits = 5;
The digits for synthesized symbol. This is replaced OmitDigit (from Period_Converter_Opt.mq4).
extern string vSymbol =”EURUSD_v”;
The one you want to generate. Any name is OK but less than 11 characters.
string sSym01 =”EURGBP”; // (Not external variable)
It is automatically set from the attached chart Symbol.
You should attach this tool on this symbol chart to avoid getting “Insufficient Data Error” when sCal is “D” and if the history file of sSym01 is not sufficient.
extern string sSym02 =”GBPUSD”;
It has to be and exact same name on Market Watch include prefix and/or suffix.
extern string sCal =”M”;
The calculation to synthesize. “M” means “Multiply”, or put “D” means “Divide”.
If the virtual price of vSymbol can be calculated by sSym01 multiply sSym02, put “M”.
Ex: vSymbol=”EURUSD” sSym01=”EURGBP” sSym02=”GBPUSD”
vSymbol=”EURJPY” sSym01=”EURGBP” sSym02=”GBPJPY”
vSymbol=”EURJPY” sSym01=”EURUSD” sSym02=”USDJPY”
vSymbol=”BTCJPY” sSym01=”BTCUSD” sSym02=”USDJPY”
Note: sSym01 and sSym02 can be switched with each other since we multiply them. Major pair should be sSym01 for more often ticks.
If the virtual price of vSymbol can be calculated by sSym02 divided by sSym01, put “D” or any other string but “M”.
Ex: vSymbol=”USDJPY” sSym01=”EURUSD” sSym02=”EURJPY”
vSymbol=”ZARJPY” sSym01=”USDZAR” sSym02=”USDJPY”
vSymbol=”EURUSD” sSym01=”USDJPY” sSym02=”EURJPY”
Note: sSym01 and sSym02 can NOT be switched with each other since we divide.
Those under-lined currencies are “media” currencies.
MT4 Indicators – Download Instructions
SymbolSynthesizer Chart is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
SymbolSynthesizer Chart 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 SymbolSynthesizer Chart.mq4?
- Download SymbolSynthesizer Chart.mq4
- Copy SymbolSynthesizer Chart.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 SymbolSynthesizer Chart.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator SymbolSynthesizer Chart.mq4 is available on your Chart
How to remove SymbolSynthesizer Chart.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
Download Metatrader 4 Trading Platform:
- Free $30 To Start Trading Instantly
- No Deposit Required
- Automatically Credited To Your Account
- No Hidden Terms
MT4 Indicators Download below: