Second Chart Indicator

MT4 Free Download

Introduction to the Second Chart Indicator

The Second Chart Indicator is a very useful tool that displays candles of chosen currency pair in a sub-window placed just below the main trading chart. It could be handy in various situations. For example, when you have many indicators plotted over candlesticks and you want to see the price action clearly. You can also set a different currency pair to display, as it would be useful to see the correlation.

This indicator fits all kinds of timeframes and 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 Second Chart indicator in MetaTrader (MT4)?

Installation Guide

Download the Second Chart.rar archive at the bottom of this post, unpack it, then copy and paste the Second Chart.ex4 or Second Chart.mq4 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, which 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.

Bottom Line

The Second Chart indicator is well worth adding to your trading collection but remember about having realistic expectations. It doesn’t generate buy/sell signals on its own, but it will well support your technical analysis, especially during an analysis of correlated currency pairs. Don’t forget that we have more great free forex MT4 indicators to download and try.