Periodicity Tool Bar Menu in Trading Software
Periodicity just means timeframes, in MT4 this toolbar is used to choose which time-frames to trade with.
The time-frame listed are:
- 1 Min - M1
- 5 Min - M5
- 15 Min - M15
- 30 Minutes - M30
- 1H - 1H
- 4 Hour - H4
- Daily - D1
- Weekly - W1
- Monthly - MN
As a index trader you only require to trade with only about 3 chart time frames, for example let's say a indices trader only requires the 15 minute, the 1 hour and the 4 hours timeframe, then on the periodicity tool bar a trader can hide all the others which are not required using the following method.
How to Customize
To add a tool that's not listed above a trader has to follow these steps
- Right-Click at the tool-bar button to the left (Looks like a stack of coins), shown & illustrated below
2. Click on customize
After following the above steps the customize window popup will be shown like is illustrated and shown below:
Select like displayed above & press remove button.
The window pop up then will look like:
On the platform the periodicity toolbar will now look like the illustrations illustrated and shown below:
Using the above setup as a stock index trader you as a trader can save space within your MetaTrader 4 software workspace by hiding the time-frames which you are not trading with.
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