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TSV Timer

Published: 16 May 2026

Current version: 1.0

TSV Timer

Indicators
Joao Victor De Sousa
Version: 1.0
Activations: 5

Overview

Time Candle is a lightweight MetaTrader 5 indicator that displays a live countdown timer directly on your chart, positioned right beside the current candle at the bid price level. Unlike most countdown tools that depend on incoming ticks, Time Candle uses the trade server clock — so the counter keeps running accurately even when the market is quiet or spreads are wide.

Features

⏱ Real-Time Countdown

Counts down the exact time remaining until the current candle closes
Updates every 500ms independently of market activity
Automatically adjusts to any timeframe (M1, M5, M15, M30, H1, H4, D1 and more)
Displayed in MM:SS or HH:MM:SS depending on remaining time

📍 Smart Positioning

Follows the bid price on every update
Placed to the right of the current candle, slightly below the bid line
Repositions automatically when you zoom or scroll the chart

📊 Optional: Spread Counter

Shows the current spread in points in real time
Displayed to the right of the countdown badge
Fully customizable text and background color

📈 Optional: Price Change

Shows percentage variation from the reference open price
Choose between Day, Month or Year reference
Background turns green when price is above the open and red when below — automatic, no configuration needed

🔔 Optional: Candle Close Alert

Triggers a platform alert N seconds before the candle closes
Configurable threshold (default: 5 seconds)

🎨 Customization

Countdown text color
Countdown background color
Spread text and background color
All optional modules are disabled by default — enable only what you need

How to Use

Attach the indicator to any chart
Configure the desired modules in the input panel
The badge appears automatically beside the current candle

Compatibility

MetaTrader 5 (build 1090+)
All symbols and timeframes
Compatible with any broker

What's Coming / Open to Suggestions

This indicator is actively maintained.

Have a feature in mind? Leave a comment or send a message — all suggestions are welcome and may be included in future updates.

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