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 a new candle is opened.
You can download the candle Time indicator for MT4 below:
If you are using MetaTrader version 4, you will be able to download the Kendall 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 can download the candle time indicator for MT5 below:
If you are using MetaTrader version 5, you will be able to download the Kendall 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 you 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 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 news trading strategy. In this strategy, what is important for us 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 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 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 in the indicator folder. Now close your Meta Trader 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 be placed 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. And then copy and paste it in the indicator folder. Now close your meta trader 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 be run and placed on the chart.
Why Should We Use a Forex Indicator?
today, you no longer need to do the complicated tasks to calculate the things. Forex indicators will help you and it does all the calculations you need for you. In fact, using a Forex indicator will provide you 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 calculation with the least possible error ⦁ Simplicity of solving advanced and complicated equations ⦁ Help you analyze better and more accurate ⦁ Increase efficiency ⦁ Avoid fatigue caused by constant market monitor And many others...
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