Hot Keys Indicator

Hot Keys Hot Keys is an MTF indicator of chart trading for MT4. It allows you to toggle between different timeframes by using shortcut keys.

Professional traders are aware of different timeframes for the same asset when performing technical analysis. This helps them verify trading settings across different timeframes. Multi-timeframe analysis is zooming into the chart to observe price-action changes.

From a technical point of view, From a technical perspective, Hot Keys is an essential indicator for scalpers as well as intraday traders. Making sure that the buy-sell signal is valid across multiple timeframes allows traders to identify the most promising trading opportunities. In this tutorial, we’ve outlined how to make use of the Hot Keys indicator in MT4 to quickly access multiple timeframes.

How do I change MTF charts by using the Hot Keys indicator in MT4? Hot Keys indicator in MT4

Hot Keys Indicator The Hot Keys indicator enables you to switch among MTF charts. Utilize the keys below to gain access to the timeframe you want to use:

• 5 + 5 equals 5 minutes.
• F = 15 min
• 3. 30 minutes = 3 minutes
• 1 = 1 hour
• 4 = 4 hours
• D = Daily
• W = weekly
• M = Monthly

It is important to note that the layout can differ according to the type of keyboard. If the layout described above isn’t working, try the following keys in alternate order:

• 1 = 1 min.
• 2 = 5 minutes.
• 3 = 15 min
• 4 = 30 minutes.
• 5 equals 1 hour.
• 6 = 4 hours
• 7 = Daily
• 8 = Weekly
• 9 = Monthly

The best method is to determine the direction of your trades by analyzing weekly and daily timeframes. Determine the amount and timing of your buy/sell transaction with shorter timeframes, such as charts that range from 30 minutes to 4 hours.

Conclusion

This Hot Keys MT4 indicator is not a typical buy-sell signal generator. It allows you to navigate various timeframe charts with a simple press of a key. The indicator we reviewed is ideal for MTF traders in the forex and stock markets.