The chart’s timeframe can be changed to different time periods using the chart toolbar that reads M1…MN. This toolbar appears right above the chart where you can select the following different time periods for the chart:
M1 – One Minute
M3 – Three Minutes
M5 – Five Minutes
M15 – Fifteen Minutes
M30 – Thirty Minute
H1 – One Hour
H4 – Four Hours
D1 – One Day
W1 – One week
M1 – One Month
If you select M1 for example, each bar will represent 1 minute. If you select M5, each bar will represent 5 minutes and so on and so forth. When you start with a new Metatrader 4 Platform we suggest t
hat you perform a chart data update for the currency pair you are analyzing. This will be beneficial when using indicators and expert advisors and can be done fairly easily. Once your chart is selected click on each time frame in the periodicity bar. You may see a quick “waiting for update” on your chart screen. This means that the chart is being updated. It is that simple.