Plus Color Bars
- Indicators
- Version: 2.10
- Updated: 28 August 2026
Plus Color Bar with Time for MetaTrader 5
Description
Plus Color Bar with Time is a visual indicator for MetaTrader 5 that combines candle coloring, a countdown timer for the current candle and analysis of possible wick formation.
Candle Coloring
The indicator visually differentiates bullish and bearish candles using different colors, making it easier to identify the direction of price movement.
Candle Timer
Next to the current candle, the indicator displays the remaining time until the candle closes. The countdown is automatically adjusted according to the selected chart timeframe.
The timer color follows the direction of the candle in formation. One color represents upward movement and another represents downward movement.
Wick Analysis
The indicator also analyzes possible wick formation during the development of the current candle.
The analysis considers the candle formation time, relative wick size, price rejection and an ATR based reference.
When the configured conditions are detected, the timer uses a different blinking visual indication to highlight possible wick formation.
Configuration
The user can adjust parameters related to the beginning and end of the candle, minimum wick size, ATR reference and timer positioning.
The indicator can also apply automatic chart shift to create space on the right side of the current candle and improve timer visibility.
Usage
Plus Color Bar with Time can be used as a complementary tool for visual candle analysis, monitoring the remaining candle time and observing price rejection movements.
Important
The indicator is a technical analysis and visual support tool. Detection of possible wick formation represents a condition calculated while the candle is forming and is not a prediction of future price movement. The indicator does not guarantee financial results.

