Second-by-second candle timer not dependent on incoming ticks. New candle alert option. Automatic Broker GMT and Daylight Saving Time adjustment.
The indicator is a candle timer and has 2 main functions and a third function:
Research and comprehensive answers are available via the internet through trading articles and trading forums. The key concepts are;
a) Candle Timer
b) counts down remaining candle time
c) has option to alert at open of new candle
d) why short term traders and scalpers find it important to determine, with precision, the close and open of candles.
Update 06-May-2015: Here is a revised description which MetaQuotes has not updated since posting on 14-April-2015.
The indicator is a second-by-second candle timer not dependent on incoming ticks.
The indicator has three functions:
and short term traders require greater precision and attention with
regards timing of opening and closing positions. Candle Timers assist
Added to original code:
Tested on Broker Server times GMT +0, +1, +2 and -5;
Note: A number of candle timers were run simultaneously for
comparison. No candle timer indicator conflicts were found. However, if
erratic operation is experienced remove all other candle timers.