MetaTrader 4 (MT4) and MetaTrader 5 (MT5) stand as the world’s premier trading platforms, cherished by traders for market analysis and trade execution. They excel in showcasing historical price data across varied timeframes, helping traders dissect price movements across diverse durations.
MT4 offers timeframes such as M1, M5, M15 for short-term, M30 and H1 for medium-term, and H4, D1, W1, and MN for long-term analysis. In contrast, MT5 provides an even broader spectrum: short-term ranges from M1 to M30, medium-term includes H1 to H8, and long-term remains D1, W1, and MN. Moreover, MT5 has unique additions like the H12 time frame and enhanced customizability.
What Platforms Have Less than 1 Min Charts Time-Frames?
To use seconds chart time-frames, you can try platforms such as MetaTrader 5, MedvedTrader, TradeStation, Tradingview Pro, Zero Pro, NinjaTrader, etc. Except for MT5, all these platforms offer prebuild features to choose 1-second, 3-second, 5-second, etc. charts time-frames.
In MetaTrader 5 (MT5), by default, charts with second time-frames aren’t available. However, traders have found ways around this limitation using Expert Advisors (EAs). An EA, in this context, is a unique script designed to perform tasks on the platform without manual intervention, and in the case of enabling seconds chart trading, its task is to create custom charts based on seconds.
A trader would typically install an EA designed explicitly for this purpose to enable this functionality. Once installed and executed, this EA takes price data from the shortest available time frame (usually the M1 or 1-minute chart) and breaks it into seconds, creating a new custom chart displaying price movements in seconds intervals.
For instance, an EA named “Candle by seconds” might generate a chart with a 10-second time frame, a 30-second time frame, or any other specified interval in seconds. This offers traders a much more granular view of price movements, which can be critical for high-frequency trading strategies or scrutiny of very short-term market behaviors.
Please see my video:
Many modern trading platforms have recognized the importance of providing traders with granular data for in-depth market analysis. In this context, viewing charts in second intervals can be crucial for high-frequency traders and those who wish to scrutinize short-term market movements closely.
Metatrader 5 (MT5) is one of the platforms where you need additional tools, like an Expert Advisor, to view seconds-based charts. On the other hand, platforms like MedvedTrader, TradeStation, Tradingview Pro, Zero Pro, NinjaTrader, and others have incorporated the feature natively. In these platforms, users can select the desired second-based time frame from the available options, such as 1-second, 3-second, 5-second, and so on, without needing custom scripts or tools.
These prebuilt functionalities demonstrate how platforms are evolving to meet the demands of traders, making it easier and more intuitive for users to access and analyze the information they need. Such built-in features simplify the user experience and reduce the time and effort required to set up specific chart views.