MT4 candle-by-candle manual backtesting 9 replies. Indicator for average candle size for up or down candle? How to make EA that send Open Price of Candle for every new candle 5 replies. Day's first H4 candle correlation to daily candle 14 replies. Correlation between first 4 hour candle and daily candle 1 reply. The Candle time indicator. The Candle time indicator for the MT4 trading platform is a handy tool to have for traders. If you are just starting out trading with forex, then the candle time or the candlestick time indicator can be highly beneficial. Download the Candle Time Indicator. Aug 17, 2011 A non-invasive candle time that can be positioned next to price or near a corner. Free download of the 'Simple timer next candle' indicator by 'abbadon1334' for MetaTrader 5 in the MQL5 Code Base, 2011.08.17. EJ CANDLE TIME Metatrader Indicator Mt4. Free downloads of thousands of Metatrader indicators like this indicator for Mt4.
- Candle Time Indicator Mt5 Free Download
- Candle Time Indicator Free Download Mt5
- Candle Time Indicator Mt4 Download For Free
The candle time indicator is an indicator used to show the circumstance of the candles in the market patterns. This indicator is significant in web based exchange because it tells the numbers of candles are staying for exchange the market pattern.
This indicator doesn’t show the purchase and sell signals on the indicator graph yet this indicator assists with thinking about the rest of the ideal opportunity for these signs as candles in the market pattern.
It is a familiar axiom that “Time is everything”. Time is likewise a significant n forex exchanging framework as it is important for other life activities.it is essential to exchange at the ideal time that is the reason the timing is significant in Forex exchanging framework.
Local Time Indicator MT4
If you are exchanging the present moment, at that point, you need to zero in on the time more than the market pattern because in transient the ideal opportunity for exchange is additionally short so that is the reason you need to deal with the time just as the market patterns.
How to change mt4 time to local time: It is the easiest indicator that is utilized to think about when the new candle bar shows up on the indicator graph and what we have to do with that candle whether we need to purchase here or we need to sell here. This indicator is useful for momentary brokers. This indicator additionally puts email warnings, portable notices, and on-screen cautions.
It causes the traders to make 30 pips in a day. Yet, if you are a drawn-out broker, at that point you need to take a gander at your indicator diagram once in a day, and you need to zero in available patterns more than Timer. Transient brokers must know that what will occur in the market pattern, the clock of the momentary merchants is continually ticking, and they must be ready for the new light that shows up on the indicator diagram.
Candle Time and Spread Indicator MT4
Parameters
The Timer indicator has the accompanying Parameters:
- Text shading
- Font size
- Font name
- Display time by the Bar
- Display time remark
- Text for the most part over the value lines
- Spread variables
- Auto time move modify
- Adjust week after week time stay by minutes
These Parameters help to know when the candle times finishing when the new light bar is rising and which spread factor is best for that light bar.
Download Time indicator MT4 Free
The Timer indicator has numerous utilizations for momentary merchants. It likewise gives the clock for developing candle and veering candles. It likewise has some particular Parameters that make this indicator a remarkable indicator and can help in simple comprehension.
This indicator is uncommonly intended for transient brokers however long haul merchants can likewise utilize these indicators for understanding the time levels for candle bar. With the assistance of this clock indicator, momentary traders can exchange a superior way and can win great benefits, if they view the Timer cautiously and comprehent the time.
Contents
- Why Use Candle Time Indicator for MetaTrader
- Input Parameters of Candle Time Indicator for MT4/MT5
- MT4 Candle Timer
- How to Download and Use MT4 Candle Timer Indicator
- MT5 Candle Timer
Knowing the remaining time in a candle can be very useful in many occasions. The MetaTrader platform shows you the current time but it does not show you the elapsed time since the start of the candle. MetaTrader does not show the remaining time in the current candle either. This indicator can show you the remaining candle time and spread in the MetaTrader chart.
What Is Candle Time and Spread Indicator for MetaTrader
The Candle Time and Spread Indicator for MetaTrader is available for both the MT4 and MT5 platforms and is very useful when the timing of the entry and exit is important for a trade.
The Candlestick Timer for MT4 and MT5 allows you to see on the chart the elapsed time since the start of the candle and the remaining time before the next candle starts forming.
Furthermore, the indicator also includes the current spread for the instrument.
Other than a visual representation of the candle time, this indicator can also alert you with some notice before the candle closes.
Why Use Candle Time Indicator for MetaTrader
The MT4 and MT5 Candle Time Indicator can be useful in the following situations.
Two Types of Trades
In trading you can usually identify two types of trades, perhaps three. These Types are divided by the duration of the trades.
These types are:
- Short-term, lasting less than a day
- Medium-term, lasting a few days
- Long-term, lasting several days or weeks
In medium- and long-term trades the entry timing can span in hours or days, however, if you are involved in short-term trades the timing is one of the most important aspects of entry and exit.
This is why knowing when the candle is going to close can help.
Candle Time for Candlestick Pattern Strategies
If you like trading using candlestick patterns you might want to know when a candle is about to close.
This will allow you to check if a known pattern formed and if there is a trading opportunity.
The Candlestick Timer Indicator can alert you before the closure of the candle so you can be prepared for your chart analysis.
Geographic Market Open and Close
As you know the Forex market runs 24 hours a day, closing only during the weekend.
The market activity is higher during the day of geographical location and many strategies are based on specific behaviors happening at market open or market close.
Candle Time Indicator Mt5 Free Download
The Candle Time Indicator for MetaTrader can assist you in be prepared for a market open and a market close.
News and Events
Many trading strategies are based on trading news and events.
If you are using one of these strategies you probably want to know how the market reacts to a scheduled event or news.
You can set the candlestick timer for MetaTrader to alert you before the time of a scheduled news so you can check the market response to it.
Input Parameters of Candle Time Indicator for MT4/MT5
The Candle Timer Indicator for MT4 and MT5 has some useful features you can customize through input parameters:
Graphical Interface
You can choose between:
- Minimal Interface, with only a small countdown to the next candle.
- Extended Interface, which includes some information about the current instrument, the elapsed time since the start of the candle and the remaining time for the current candle.
Alert Notifications
You can configure the indicator to send you an alert a set seconds before the candle closes.
Notifications can be sent to the following:
- On-screen alert
- Mobile app
Why Use Spread Indicator for MetaTrader
This is a good tool just to make more visible the spread, which is usually very small or hidden in the Market Watch.
If you search for a candle time or spread indicator, you can see how there are many options available, however, it is a very personal choice and it really depends on the options that you are looking for.
I decided to create an indicator easy to use and able to show a countdown and alert the trader and you can download it for free.
MT4 Candle Timer
If you are trading in short timeframes, like 30 minutes or less, you know that timing is key. In some strategies it is very useful to know when a bar is closing and the next one is going to start. The MT4 Candle Timer Indicator allows you to see a countdown to the next candles and also be notified in advance before it happens.
What Is MT4 Candle Timer Indicator
The MT4 Candle Timer Indicator is a simple on chart indicator that helps you to identify when a new bar is going to form.
This indicator has a Candlestick Timer that continuously check the time elapsed since the start of a candle and the remaining time before this closes.
The indicator has a simple window to immediately detect the desired information.
Why Is MT4 Candlestick Timer Indicator Useful
So when is a Candlestick Timer useful? If you are trading long-term, you probably don't need a candle timer indicator because your entry will not be affected too much by a minute or an hour. However, if you are a scalper or a trader in the short timeframes then you know timing is very important.
The Forex market is open 24 hours and it only closes during the weekend, and some strategies may be heavily affected by a wrong timing in your position entry.
The MT4 Candle Timer Indicator can show you the remaining time in the current candle so that you can be prepared for the next candle opening.
Some examples of situations that can benefit from this indicator are:
Candle Time Indicator Free Download Mt5
- Scheduled news coming out
- Geographic market open and close
- Scheduled events happening, usually either financial, economic or political
Also consider that many algorithms run in automated trading might trigger orders at the start of a new candlestick.
How to Download and Use MT4 Candle Timer Indicator
You can download for free MT4 Candle Timer Indicator with the link below and install it following the provided instructions.
The installation is very easy to perform, so is the use.
Once you run the indicator you can set if you want to see an extended interface or a simple countdown.
Indicator Installation Instructions
To install the Indicator please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 4 data folder (via File→Open Data Folder).
- Open the MQL4 Folder.
- Copy all the folders from the archive directly to the MQL4 folder.
- Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
For more detailed instruction on how to perform the installation and a tutorial video please visit this page.
Configuration of Alerts and Notifications
In order to use the alert and notification feature in the indicator or EA it is necessary to first configure the MetaTrader client.
For more detailed instructions please read the alert and notifications configuration page.
Please also keep in mind that in order to receive the alerts, your MetaTrader client will need to be open and online.
MT5 Candle Timer
Indicator Installation Instructions
To install the Indicator please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 5 data folder (via File→Open Data Folder).
- Open the MQL5 Folder.
- Copy all the folders from the archive directly to the MQL5 folder.
- Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
Conclusion
In this article you discovered Candle Time and Spread Indicator for MT4 and MT5 and learned about how it can be useful in your trading.
You also have some download links for our version of the indicator so that you can download and test it.
Candle Time Indicator Mt4 Download For Free
You can open a trading account with any of the MT4 Forex brokers to freely use the presented here indicator for MetaTrader 4. If you want to use an MT5 version of the indicator presented here, you would need to open an account with a broker that offers MetaTrader 5.