Smart Candle Timer and Spread Pro indicator

SmartCandleTimerSpreadPro is a sleek, highly efficient, and precise indicator designed for MetaTrader 5 (MT5) traders who want to stay ahead of market timing and execution costs. It visually anchors a clean, real-time countdown timer and live spread monitor directly to the high of the current active candle, ensuring you never have to look away from your price action.

Whether you are scalping lower timeframes or managing swing trades, knowing the exact seconds left before a candle closes combined with real-time spread tracking is crucial for avoiding slippage and timing your market entries to perfection.

Key Features

  • Directly Anchored to Price Action: The timer and spread metrics float gracefully right above the current candle's high, keeping your eyes focused where the action is.

  • Precise Multi-Format Countdown: Automatically displays hours, minutes, and seconds (HH:MM:SS or MM:SS ) depending on the selected timeframe.

  • Live Spread Monitor: Tracks and displays current market spread in points instantly, helping you avoid high-spread volatility spikes.

  • Visual & Audio Alerts: Customizable color changes (e.g., turning red) during the final critical seconds before candle closure, accompanied by a built-in sound alert trigger.

  • Clean & Lightweight: Fully optimized for MT5 with automatic chart cleanup upon removal, ensuring zero memory leaks or chart clutter.

  • Fully Customizable: Easily adjust font sizes, custom text colors, warning thresholds, and alert settings directly from the input panel.

Input Parameters

  • Floating Position Settings:

    • InpFontSize : Font size for the display text.

    • InpTextColor : Default color for the timer and spread.

    • InpWarningColor : Warning color displayed during the final seconds or high spread conditions.

  • Alert & Features:

    • InpEnableAlert : Enable or disable sound alerts before candle close.

    • InpAlertSeconds : Number of seconds prior to candle close to trigger the alert.

    • InpShowSpread : Toggle to show or hide the live spread indicator.

    • InpMaxSpread : Point threshold to trigger a high-spread warning.


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Indicators
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