This indicator takes a standard chart time frame and multiplies it to create a different time frame.
You can create H8 charts, M181 charts, D3 charts and any time frame that is a multiple of one minute. The MT4 Period Converter is a indicator that allows you to create charts of any time frame in MT4. The problem is that people who use MT4 do not have access to this awesome time frame. I have had a higher percentage of profitable trade on the H8 than I have had on the 4H or D1 this year. I have found set ups on this time frame to be incredibly accurate. Since early 2012 I have been trading the H8 charts. For example, this year I started trading the H8 charts and it has fast become my favorite time frame. While most people are happy with these time frames many traders, including me, are starting to explore other chat time frames. These time frames are M1, M5, M15, M30, H1, H4, D1, W1 and MN. … One of MT4′s biggest drawbacks is that it only supports nine chart time frames. MT4 is so popular because of it’s ability to add custom indicators and EA’s. MT4 is the world most popular Forex trading platform for retail traders. Good luck, and I hope you update to a better trading/charting platform soon. Below is a short list of modern platforms you could check out. Instead of using a work-around to add basic chart time frames to an outdated platform, you should update your charting platform. The indicator below is a buggy and unreliable work-around.
I do not use MT4 as it is ten year old technology which makes it outdated and outclassed by modern platforms. I did not create this indicator, I only shared it, so I cannot provide support for it.
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