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JST conversion indicator
- Overview
- How to install
- How to set up
Display:
With the JST conversion indicator, Japan Standard Time ("JST", hereafter) can be displayed above the forex broker server time on MetaTrader4/MetaTrader5.
It allows you to keep track of chart movements and check the release times of economic indicators in JST.
Features
PC time settings are available
By turning on the "Automatic time difference adjustment" parameter, you can automatically display the corresponding JST without having to enter the server time (GMT) of your forex broker.
Please make sure that your PC's time setting is correct in advance. If "Automatic time difference adjustment" has caused JST to be out of sync, please adjust it as following two methods;
- Change the PC's time settings.
- Set the "Automatic time difference adjustment" parameter to "OFF", and manually enter the time difference in the "Server GMT" parameter.
Enter the server time (GMT) of your broker in the "Server GMT" parameter.
Check summer and winter time
When setting the "Server GMT" parameter, please switch settings between summer and winter time. Most brokers follow the summer time in the U.S., from the second Sunday in March to the first Sunday in November. For instance, if a broker is based on the New York time zone: as the summer time is "GMT +3" (6 hours time difference from Japan), enter "3" in the "Server GMT" parameter. As for the winter time, "GMT +2" (7 hours time difference), enter "2" in the "Server GMT".
Only certain intervals are available
On the JST conversion indicator, with the "Hourly intervals" parameter setting, you can switch between the two modes: "Mode to display all JST corresponding to the date/time displayed in the chart" vs "mode to display JST at set hourly intervals".
To use the mode to display all JST, set the "Hourly intervals" parameter to "OFF". It allows detailed JST to be displayed on the chart, making it easy to check real-time in JST when trading on short time frames.
With the mode to display JST at set hourly intervals, the display interval can be selected from eight different options. The lowest display interval shows only midnight every day. The most frequent display interval shows every hour.
Numbers that can be selected in the "Hourly intervals" parameter indicate the number of the segments in a 24-hour period. Example: if you select "8", JST will be displayed every 3 hours, 8 times in total (0, 3, 6, 9, 12, 15, 18 and 21:00).
Modify to suit your needs
Changing the display interval according to the timeframe used to make the chart easier to see. For short timeframes, display more times. For longer timeframes, display fewer times.
Display the gridlines
By turning on the "Gridlines" parameter and using the mode to display at set hourly intervals, gridlines will be drawn as period separators.
Gridlines make it easier to keep track of the displayed times in JST. The spacings are adjustable with the "Hourly intervals" parameter.
On the MetaTrader4/MetaTrader5 standard charts, vertical and horizontal gridlines are based on the displayed server time. The gridlines for the JST conversion indicator are displayed over the default gridlines. So we recommend you hide the MetaTrader4/MetaTrader5 default gridlines if the "Gridlines" parameter is switched on.
Related article: Show or hide items on chart
Display the remaining time until the next candle and the spread
The remaining time until the next candle (NEXT CANDLE) and the current spread (SPREAD) can be shown on the chart.
The remaining time until the next candle will be useful for the trading technique of placing an order when the candle is fixed. Also, displaying the spread allows you to know the current spread at a glance, which will help you make a decision to cancel an entry when the spread is wide.
On the "Time until the next candle" and "Spread" parameters, you can turn them on/off, and select their positions on the chart from top-right, bottom-right, top-left, or bottom-left.
How to install
To use the JST conversion indicator, install the "【Myforex】JST Conversion Indicator" file on MetaTrader4/MetaTrader5.
Step 1
Click "File" from the menu bar at the top of MetaTrader4/MetaTrader5 and choose "Open Data Folder".
Step 2
After opening the data folder, double-click the folder "MQL5 (MQL4 for MetaTrader4)" in it to open it.
Step 3
Double-click to open "Indicators" folder in the MQL5 file.
Step 4
Save the "【Myforex】JST Conversion Indicator" in the "Indicators" folder.
Step 5
Once the file is in the folder, right-click "Indicators" in the Navigator and choose "Refresh" from the displayed menu.
Step 6
After checking that the JST conversion indicator is shown in the "Indicators" of the Navigator, apply it to a chart by double-clicking or dragging and dropping.
Step 7
Refer to the "How to set up" page to make further settings in the "Inputs" tab, then click "OK".
Step 8
The JST conversion indicator is applied to the chart and the JST will be shown above the server time.
How to set up
After applying the indicator to the chart, set the parameters according to your style.
Step 1
First, open the "Inputs" tab.
Step 2
Set the parameters as follows.
Number |
Item name |
Description |
|---|---|---|
1 |
Automatic time difference adjustment |
Select ON or OFF to adjust the time difference automatically. If it's OFF, JST will be calculated based on the broker's server time that you input in the "Server GMT" parameter. |
2 |
Server GMT |
Use this when you turn the "Automatic time difference adjustment" parameter to OFF. For example, if your broker's server time is "GMT +2", enter "2". |
3 |
Text color |
Set the text color for the JST display. |
4 |
Background color |
Set the background color for the JST display. |
5 |
Hourly intervals |
Display JST at hourly intervals. Select from OFF or eight different numbers. |
6 |
Gridlines |
Select ON or OFF to show or hide gridlines. It is available when "Hourly intervals" is turned on. |
7 |
Time until the next candle |
Select from "OFF", "Top-right", "Bottom-right", "Top-left", or "Bottom-left" to display the time until the next candle. |
8 |
Spread |
Select from "OFF", "Top-right", "Bottom-right", "Top-left", or "Bottom-left" to display the spread. |
Created
: 2022.05.26
Last updated
: 2022.10.05
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