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CandleTimerSpread

FREE

Published: 11 October 2026

Current version: 1.23

CandleTimerSpread

Indicators
Rossella Russo
Rossella Russo
freelance at Lecce

Italy

220
Version: 1.23
Updated: 11 October 2026

Candle Timer & Spread — free MT5 indicator

A lightweight, purely visual MetaTrader 5 indicator that shows the time left on the current candle and warns you when the spread becomes abnormal. It never trades and never blocks anything.

What it shows

Candle countdown (mm:ss) in the bottom-right corner of the chart.
Colour of the digits follows the spread versus the symbol's typical spread:
- Green — normal (≤ 1.35× typical)
- Yellow — medium (≤ 2×)
- Orange — high (≤ 3×)
- Red — exaggerated (> 3×)
- Grey "CLOSED" — market closed
ASK / BID dashes (red above, blue below) at the real quote level on the right edge, shown only when the spread is exaggerated. Visual only: no blocking.

How the "typical" spread is measured

The reference is the minimum spread of the last 50 candles plus the live minimum, so the indicator colours correctly from the first moment.

Inputs

Show the candle timer; X / Y offset in pixels.
Spread thresholds and timer colours (OK / MEDIUM / HIGH / EXAGGERATED / CLOSED).
ASK/BID dashes: on/off, threshold, colours, dash length, "always on".

Why you will like it

Runs in the main chart window and leaves the chart free for an Expert Advisor.
No DLLs, no external files, no WebRequest — fully self-contained.
Works on any timeframe and any symbol.

Disclaimer: it does not trade, does not provide signals and does not guarantee any result.

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CandleTimerSpread

Rossella Russo

Candle Timer & Spread — free MT5 indicator