Nova Spread and Timer Panel

NOVA SPREAD AND TIMER PANEL

NOVA Spread and Timer is a clean and practical information panel for MetaTrader 4. It displays the current spread, rolling average spread, candle closing time and daily closing time directly on the chart.

The panel automatically adapts to the active symbol and timeframe, allowing traders to monitor essential timing and spread information without covering important chart areas.

MARKET CLOSE AWARENESS

NOVA Spread and Timer helps traders stay aware of approaching market closing times. The advance warnings provide time to review open positions, manage exposure and decide whether trades should remain open before the daily rollover or weekend close.

This can help prevent positions from being unintentionally left open during periods of reduced liquidity, increased spreads, market gaps or weekend event risk.

The utility provides timely information and alerts but does not automatically close or modify trades. All position management decisions remain under the trader’s control.

MAIN FEATURES

• Displays the current symbol and active timeframe
• Real-time candle close countdown
• Daily close countdown based on broker server time
• Current spread displayed in pips or points
• Rolling average spread calculation
• Dynamic spread condition colors
• 10-second and 5-second candle warnings
• 10-minute and 5-minute daily close warnings
• Terminal-wide alerts without duplicate notifications
• Automatic and stable panel width
• Adjustable panel position, size, colors and font
• Works with different symbols and standard timeframes
• Lightweight chart utility
• Does not open, modify or manage trades

SPREAD INFORMATION

The utility compares the current spread with its rolling average.

Green – Low Spread
The current spread is below the selected low-spread threshold.

Blue – Average Spread
The current spread is within the normal range around its rolling average.

Red – High Spread
The current spread is above the selected high-spread threshold, warning the trader of elevated trading costs.

The rolling average period and the high and low spread multipliers can be adjusted in the input settings.

CANDLE CLOSE TIMER

The Candle Close timer displays the remaining time before the active candle closes.

Default color – Normal countdown
Orange – Final 10 seconds
Red – Final 5 seconds

The timer automatically adapts when the chart timeframe is changed.

DAILY CLOSE TIMER

The Daily Close timer shows the remaining time until the configured daily closing time using broker server time.

Default color – Normal countdown
Orange – Final 10 minutes
Red – Final 5 minutes

By default, the daily closing time is set to 00:00 broker server time. The closing hour and minute can be changed in the input settings when required by a specific broker.

TERMINAL-WIDE ALERTS

NOVA Spread and Timer provides one alert 10 minutes before the configured daily close and one final alert 5 minutes before the daily close.

The alerts are shared across the entire MetaTrader terminal. When the utility is running on multiple charts, only one 10-minute alert and one 5-minute alert are issued. This prevents duplicate notifications from every open chart.

The alerts are intended to provide traders with enough time to review active positions before rollover, reduced market liquidity or the weekend close.

AUTOMATIC PANEL LAYOUT

The panel measures its displayed text and automatically selects a compact width when it starts.

After initialization, the width remains stable and only increases when additional space is genuinely required. This prevents continuous resizing when spread values or timer digits change.

The panel can be positioned in any chart corner and uses its own solid background for consistent readability with different chart templates and background colors.

CUSTOMIZABLE SETTINGS

• Panel corner and chart offset
• Automatic or manual panel width
• Panel height and internal padding
• Font size and line spacing
• Background and border colors
• Timer warning colors
• Spread condition colors
• Rolling average period
• High and low spread multipliers
• Spread display in pips or points
• Broker server closing time
• Daily close alerts on or off

IMPORTANT INFORMATION

NOVA Spread and Timer is an informational trading utility. It does not generate entry signals, predict market direction, calculate trading risk or execute trades.

Market schedules and broker server times can differ between brokers. Users should verify the correct daily closing time for their own broker and adjust the settings when necessary.

The displayed spread is based on the live Bid and Ask prices supplied by the connected broker. Spread values may change rapidly during volatile market conditions, news events, rollovers and periods of reduced liquidity.

All trading decisions, open-position management and risk management remain the responsibility of the user.

Clear timing. Visible spread conditions. One compact NOVA panel.