Candle Time Indicator for Metatrader 4

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Candle Time Indicator is a countdown for the active price candle

This is a Candle Time indicator which shows how much time is left before the candle closes. 

The indicator shows the time in: hours:minutes:seconds to the end of the current candle.

It works with all time-frames and the count down is updated at every tick.

These are the standard settings for Candle Time Indicator which you can change:

Candle Time Indicator Settings

  • TextColor: choose the color of the countdown clock.

  • FontSize: choose the size of the font.

  • FontName: choose the font you want to use.

  • DisplayTimeByTheBar: if set to “true” the time will be shown next to the active candle

  • DisplayTimeComment: If set to “true” it will show a comment on the top left part of the chart like: (9 minutes 16 seconds left to bar end).

  • TextUsuallyAbovePriceLine: if set to “true” the candle remaining time will be displayed above the Price line; if set to “false” it will be displayed below price line.

  • SpreadFactor: specify how far away (up or down) from the Price line the candle left  time will be displayed, the higher the number the further away the price will be.

 

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How to install indicators in Metatrader 4

  • Download the MQ4/EX4 file into your C:Program Files\MetaTrader 4\indicators folder

  • If you download the zip file, unzip it and locate the MQ5 file in C:\Program Files\MetaTrader 4\MQL4\Indicators

  • Double-click on the file, the Mq4 editor will open and hit “Compile”

  • Restart your MetaTrader 4 application

  • On the left hand side, look for the “Navigator” window and under the “Indicators” tab you should find the Indicators

  • Drag (Click and drag) the indicator onto the chart

  • Choose your settings and click OK

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