Whether you are scalping or trend trading, having an eye on candle timing is a wise thing to do. 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.

Candle_Timer is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits. 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. At ForexRacer.com we share a collection of the best forex indicators for Metatrader 4 and Metatrader 5 (MQL4 & MQL5). You will also find here trading systems and strategies. Enjoy top free forex indicators and discover even more mt4 indicators and mt5 indicators.

Show Pips MT4 indicator

It means there are 6 minutes and 49 seconds left of the most recent M15 candle on the EURUSD chart. The indicator is displayed directly on the main trading chart. 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.

• Forex day trading is a fascinating and potentially highly lucrative activity,…
• Candle_Timer is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits.
• Copy and paste the P4L CandleTime.ex4 or P4L CandleTime.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
• When it comes to day trading, and even more so if you’re a scalper, the timing of your candles or bars may be a crucial tool.

You can download for free MT4 Candle Timer Indicator with the link below and install it following the provided instructions. This is a good tool just to make more visible the spread, which is usually very small or hidden in the Market Watch. Furthermore, the indicator also includes the current spread for the instrument. These are some of the best indicators to be based on…

Candle Timer MT4 Indicator

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. Copy and paste the P4L CandleTime.ex4 or P4L CandleTime.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. Copy and paste the Candle_Timer.ex4 or Candle_Timer.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

• In order to use the alert and notification feature in the indicator or EA it is necessary to first configure the MetaTrader client.
• It does this by displaying candlesticks directly on the current chart, showing traders when certain entry points are reached or exceeded.
• 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.
• This is a good tool just to make more visible the spread, which is usually very small or hidden in the Market Watch.

Trend trading is the best and profitable forex trading strategy. Forex day trading is a fascinating and potentially highly lucrative activity,… You can display your broker’s server time with this indicator by turning the “displayServerTime” function on. I use this indicator daily with my main trading system, along with a trading sessions indicator, a true MACD indicator, and a break-even Expert Advisor.

Why use Candle Time indicator for MetaTrader

When it comes to day trading, and even more so if you’re a scalper, the timing of your candles or bars may be a crucial tool. I’m not sure why MetaQuotes (the MetaTrader 4 platform’s founders) didn’t add this functionality to their platform, but thankfully for us, there is a solution to this. There are other MT4 candlestick timers (or bar timers) out there, but I prefer this one. Once you get used to using a candlestick timer, you will probably also wonder why MetaQuotes did not include something like this in the default platform.

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. One should know that trading any other kind of complex financial product involves high risks, and is not suitable for everyone. In the picture above, I’ve marked the candlestick timer positions (0-4).