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Using a Custom Indicator to Mark a Daily Time on Charts

Article MQL5 code base
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Summary

The document explains a chart indicator that draws a vertical marker once per day at a user-specified time. It describes placing the marker on the main price chart or dragging it into a separate indicator pane, making it a visual aid for locating recurring intraday times.

The text mentions that the lines are produced through indicator buffers and a histogram-style drawing method, and recommends adding the marker to the main chart before attaching other indicators. It gives no trading rule, market study, or performance evidence. The indicator helps organize chart viewing, but the excerpt does not explain how to select the marked time or show that time-based signals have predictive value.

Key ideas

  • The indicator draws a vertical line at a specified time each day.
  • It can be displayed on the main chart or in a separate indicator window.
  • The document presents a charting aid rather than a tested trading signal.

Tags

Technical indicatorsExecution

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.