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Indicators

Candle Timer with Spread and Swap Countdown - indicator for MetaTrader 5

Dragos Mihai Ofrim
Dragos Mihai Ofrim

Dragos Mihai Ofrim

4.5 (6)
DuoFX Labs: trading tools for MetaTrader 5 and MetaTrader 4
We build the tools we use ourselves: fast, clean and honest about what they do. Every product ships for both MT5 and MT4 from the same code, is tested on live charts before release, and gets updates when traders ask for something.
10 products 1 signal 6 codes
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Candle Timer with Spread and Swap Countdown

A small text block in the chart corner of your choice with three lines:

  • Bar closes in: time left on the current bar, on any timeframe from M1 to MN1. It changes colour near the close (the last 10% of the bar).
  • Spread: the current ask minus bid, in points.
  • Swap in: time left until 00:00 server time, the usual rollover. "(x3)" is added on the day the broker charges triple swap for the symbol.

The block updates every second from a timer, so the countdown keeps running between ticks and on quiet symbols. When no tick has arrived for more than 5 minutes (market closed, weekend), the first line shows the time of the last tick instead of a countdown.

Notes:

  • MT5 uses the terminal's estimate of the server clock. MT4 has no such function, so the MT4 version takes the server time from the last tick and keeps it running on the local clock. Until the first new tick after loading, the MT4 times can be off (for example at the weekend).
  • Swap is charged at server midnight by most brokers, but check your broker's rollover time.
  • The indicator only draws text labels and removes them when it is taken off the chart.

Inputs

Input Default What it does
Corner Right lower Chart corner for the text block
Font size 10 Text size
Text colour Silver Colour of all lines
Countdown colour near the bar close Orange Colour of the countdown in the last 10% of the bar
Show spread true Show or hide the spread line
Spread and Swap Monitor Spread and Swap Monitor

Shows the spread of every bar as a histogram with its average, flags unusually wide spreads, and lists the live spread, swap long/short, the triple-swap day and a bar countdown.

ATR Risk Planner ATR Risk Planner

Plans ATR-based stop loss and take profit levels for a buy and a sell from the current price and works out the lot size for the account risk you choose.

Trading Session Boxes: Tokyo, London, New York Trading Session Boxes: Tokyo, London, New York

Draws the Tokyo, London and New York sessions of the last few days as boxes from each session's high to its low, with the high and low printed on the chart. Session hours are set in server time.

Previous Day and Week High Low Levels Previous Day and Week High Low Levels

Previous day high and low, previous week high and low and today's open as horizontal lines with small price labels, on any timeframe.