Introduction to the Bigger TF OHLC Indicator
The Bigger TF OHLC is a simple but useful tool that displays open, high, low, and close (OHLC) of higher time frame candles in your current TF chart.
You can use it for spotting accurate trade entries and exits when using technical analysis of higher timeframes.
It fits most kinds of timeframes and all currency pairs.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Bigger TF OHLC indicator in MT4?
Copy and paste the bigger-tf-ohlc-indicator.mq4 or bigger-tf-ohlc-indicator.ex4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, that goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
Click the link below:
The Bigger TF OHLC indicator is well worth adding to your trading collection but remember about having realistic expectations. This tool doesn’t generate trading signals on its own. Feel free to develop your own trading system based around it.