The Candle Timer + Spread Forex indicator for Metatrader 5 displays a candle timer and real-time spread monitor on the price chart.
How does it work?
- The candle timer shows the time left until the next bar appears on the chart.
- The spread monitor displays the real-time currency pair spread on the chart.
The following indicator variables and parameters can be modified: clock color, and corner.
Please familiarize yourself with the Candle Timer + Spread indicator and test it on a demo account first.
It supports all time frames and trading instruments offered by the Metatrader 5 charting platform.
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The picture below shows how the Candle Timer + Spread Forex indicator looks when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Candle Timer + Spread Indicator?
The Candle Timer + Spread indicator for MT5 does not generate trading signals.
Please use it together with signal indicators or an existing trading strategy of your preference.
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Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the candle_time_end_and_spread.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click on the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on the properties
- Now you can edit the inputs, colors, levels, scale, and visualization
- Finally, click the OK button to save the new configuration