Candle Time Spread Indicator MT5
- Indicators
- Eda Kaya
- Version: 1.3
Candle Time Spread Indicator for MetaTrader 5
The Candle Time Spread Indicator for MetaTrader 5 provides traders with live updates on two crucial elements: the exact countdown until the current candle closes and the active trading spread. These details are extremely useful for strategies like candlestick analysis, price action trading, and breakout setups, where timing and spread conditions directly influence trade entries and exits.
«Indicator Installation & User Guide»
Candle Time Spread Indicator Table
The following table highlights the core characteristics of the Candle Time Spread indicator:
Category | Trading Tool |
Platform | MetaTrader 5 |
Skill Level | Beginner |
Indicator Type | – |
Timeframe | Multi timeframe |
Trading Style | – |
Trading Market | All Markets |
Candle Time Spread Indicator Overview
This indicator not only tracks the countdown to candle closure but also presents the real-time spread of the selected trading instrument, shown clearly on the right side of the chart. Such information becomes vital during periods of high volatility, including global news announcements or the opening hours of major markets like New York and London.
Candle Time Spread Indicator Settings
The customization panel for the Candle Time Spread Indicator includes the following options:
- Clock Color: Adjust the appearance of the countdown timer.
- Corner: Select the chart corner where the indicator will be displayed.
Conclusion
The Candle Time Spread Indicator for MetaTrader 5 merges precise candle timing with spread monitoring, offering traders a sharper view of entry conditions and transaction costs. By identifying periods of elevated spread or unstable price movement, the tool minimizes the risk of slippage and helps improve trade accuracy.