| Feature | Description |
| ⏳ Time Remaining | Shows the time remaining until the current candle closes and the new one opens. |
| 🔄 Compatibility with MT4 | Can be installed on MetaTrader 4 for technical analysis. |
| 📱 Compatibility with MT5 | Can be installed on MetaTrader 5 to view the exact closing time of the candle. |
| 📈 Technical Analysis Usage | Used for making more precise trading decisions in technical analysis. |
| 📰 Fundamental Analysis Usage | Can be used in conjunction with economic news for better timing of releases. |
Candle Time Indicator: If you ain’t hip to the Candle Time Indicator yet, 🤑 you’re seriously sleepin’.
This bad boy is the secret sauce for knowing exactly when your candlesticks are gonna close. No more guessing games – just pure, uncut trading intel to keep your moves on point.
Dive in and get the lowdown on how this game-changer can level up your trading strategy! 🚀💰
Training Candle Time Indicator
The Candle Time indicator is one of the most useful Forex indicators.
Use of Candle Time indicator is in both technical analysis, especially when based on time frames, and also in fundamental analysis for better accuracy at the time of releasing the economic news.
You can use the following link to access other Forex indicators to access a complete and large set of Forex indicators.
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What is a Candle Time Indicator?
The Candle Time indicator shows how much time is exactly left (minutes and seconds) so that the current candle is closed and how much time is left before a new candle opens.
MT4 Candle Time Indicator
If you are using MetaTrader version 4, you will be able to download the Candle Time indicator from the box below.
After downloading the Forex indicator from the box below, first unzip it and then copy the original file to your MetaTrader.
One of the best brokers to use this indicator is Alpari broker. We suggest you check the Alpari broker review
MT5 Candle Time Indicator
If you are using MetaTrader version 5, you will be able to download the Candle Time indicator from the box below.
After downloading the Forex indicator from the box below, first unzip it and then copy the original file to your MetaTrader.
You will be able to see the time left for the candle to be closed by downloading and running the Candle Time indicator in MetaTrader 5 as shown in the image above.
Use of Candle Time Indicator
Candle Time Indicator is widely used in both technical analysis and fundamental analysis.
The use of Candle Time indicator in technical analysis is more in some strategies and less in others.
Imagine you have a trading strategy based on a candlestick or a Forex trading strategy based on time frames. You wait for the current candle to be closed, say, hourly, and then enter into a new trade.
It will be a little difficult for you if you want to constantly monitor the MetaTrader clock, because your main focus is on price and charts. You can facilitate the task by using the Candle Time Indicator.
Simply by running the Candle Time Indicator on your chart and activating the alarm, you can be informed of the closing time of the candle.
By looking at your chart, you will also see how much time exactly is left until the closing of the candle.
The use of Candle Time Indicator in fundamentals is also very common. One of the oldest Forex strategies is the news trading strategy. In this strategy, what is important is the time of news release.
You can use the Candle Time indicator on your chart to see the remaining time for the current candle to be closed and also the time left to the release of the news.
How to Install Candle Time Indicator in MetaTrader 4?
To install the indicator in MetaTrader, first click on File from the top of the MetaTrader tab. Then select the Open Data folder menu from the menu that is opened. Open the MQL4 folder to install the indicator and then copy and paste it into the indicator folder. Now close your MetaTrader and open it again.
In the related menu, you will see that the indicator has been added to the list of indicators.
Just double-click on it in MetaTrader to place it on the chart.
How to Install the Indicator in MetaTrader 5?
To install the indicator in MetaTrader, first click on File from the top of the MetaTrader tab. Then select the Open Data Folder menu from the menu that opens. Open the MQL5 folder to install the indicator. Then copy and paste it in the indicator folder. Now close your MetaTrader and open it again. In the respective menu, you will see the indicator has been added to the list of indicators. Just double-click on it in MetaTrader to run and place it on the chart.
Why Should We Use a Forex Indicator?
Today, you no longer need to perform complicated tasks to calculate the necessary values. Forex indicators will help you by performing all the calculations for you. In fact, using a Forex indicator provides the following benefits:
Advantages of Using Forex Indicator
Here are just some of the benefits of using Forex Indicator:
- Save your time
- Increase your focus
- Accurate calculations with minimal error
- Simplifies solving advanced and complicated equations
- Helps you analyze better and more accurately
- Increases efficiency
- Avoid fatigue caused by constant market monitoring
Reading the following articles is recommended for you:
Frequently Asked Questions About Forex Indicators
Depending on your time frame, this indicator will show you the time left for the candle to be closed.
Yes, you can download this indicator from our article for MetaTrader 4.
Yes, you can download the Candle Time Indicator from our website for free without even needing to register.
Yes, the Candle Time Indicator is useful for both technical analysts and fundamental analysts.
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