Trading Chart Timeframes in MT4 Platform
Periodicity just means chart timeframes, in MT4 this toolbar is used to select which chart timeframes to trade with.
The timeframes listed are:
- 1 Min - M1
- 5 Minute - M5
- 15 Min - M15
- 30 Min - M30
- 1 H - H1
- 4 Hours - H4
- Daily - D1
- Weekly - W1
- Monthly - MN
As a trader you only require to trade with only about 3 chart timeframes, for example let's say one only requires the 15 minute, the 1 hour & the 4 hours timeframe, then on the periodicity toolbar a trader can hide all the others which are not required using the following technique.
How to Customize
To add a tool not listed above one has to follow these following steps
- Right Click at the toolbar button key to the left (Looks like a stack of coins), shown below
2. Click customize
After following above steps the customize popup window will appear as shown below:
Select as illustrated above & click remove button.
The popup panel will then look like:
On the platform the periodicity tool bar will now look like the examples illustrated below:
Using the above setup as a trader you can save space within your MetaTrader 4 platform workspace by hiding the timeframes which you're not trading with.