Candle Timer + Spread Indicator For MT5

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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candle_time_end_and_spread.mq5 Indicator (MT5)

Chart Example

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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candle_time_end_and_spread.mq5 Indicator (MT5)

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