CandleCountdown

General Description

Candle Countdown is a visual indicator for MetaTrader 5 that displays the time remaining until the current candle closes in real-time. The indicator presents information panels attached to Bid and Ask lines, showing countdown timers, current candle type, and other useful information.

Key Features

1. Candle Time Display

  • Countdown Timer: Time until candle close in MM:SS format

  • Elapsed Time: Time since candle opening

  • Percentage Completion: Real-time percentage of candle completion

2. Candle Information

  • Candle Type: Identification of bullish (BULL), bearish (BEAR), or doji (DOJI) candles

  • Color Coding: Green for bullish, red for bearish, gray for doji

  • Current Timeframe: Display of active timeframe

3. Visual Features

  • Price Attachment: Panels follow Bid and Ask prices

  • Yellow Rectangles: Bright information blocks

  • Adaptive Positioning: Automatic adjustment on the chart

  • Visual Icons: ⏱ (timer), ⌛ (hourglass), ● (candle type), 📊 (timeframe)

4. Display Customization

  • Line Selection: Option to display on Bid, Ask, or both lines

  • Information Toggle: Enable/disable individual elements

  • Color Customization: Background, text, border

  • Size and Position: Width, height, offset from edge

Technical Specifications

Supported Timeframes

  • All standard MT5 timeframes: from M1 to MN1

  • Automatic time calculation for each timeframe

  • Correct display on non-standard timeframes

Data Processing

  • Real-time Updates: Updates every second via timer

  • Automatic Synchronization: Adjusts on timeframe changes

  • Stability: Error checking and boundary control

Performance

  • Minimal resource consumption

  • Optimized positioning algorithms

  • Efficient use of graphical objects


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Engulfing RSI Indicator Category:   Multi-Timeframe, Candlestick Pattern Confirmation Overview: The Engulfing RSI is a powerful confluence tool that combines the classic candlestick reversal pattern (Bullish or Bearish Engulfing) with the momentum readings of the Relative Strength Index (RSI). It doesn't just show the pattern; it validates it with overbought/oversold context, filtering out weak signals and highlighting higher-probability trade setups. Core Logic: The indicator scans for Engulf
Pair Log Ratio Divergence
Mykhailo Zakervashevych
Pair Log Ratio Divergence is a professional indicator designed for Pairs Trading . It measures the divergence between two financial instruments using the logarithmic price ratio instead of simple price differences. The logarithmic approach allows accurate comparison of instruments with different price scales while providing a stable equilibrium model. The indicator calculates: logarithmic price ratio dynamic equilibrium line current deviation from equilibrium This makes it possible to identify s
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