This utility presents a histogram tool for analyzing the durations of custom bars in a subwindow, expressed in minutes. It is specifically designed for custom chart types such as renko boxes, PnF, and equivolume bars, where bar durations vary unlike standard charts organized by fixed timeframes. The limitation of MT5 platform in not supporting variable timeframe charts necessitates using M1 timeframe as the base, offering the highest accuracy in bar alignment due to its granularity. On standard charts, this indicator holds limited value, as it would display identical bar heights. The tool comes with a Directional option, which, when set to true, displays the histogram with positive or negative values based on the bar's price movement, otherwise displays absolute values by default.
#MQL5 #MT5 #Indicator #CustomBars
mql5.com/en/code/57038?utm_s…