Candle Timer Spread Display MT5
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- Sürüm: 1.0
Shows how much time is left until the current candle closes, right next to the price, plus the live spread and the broker's server time. The spread turns red when it is above your limit. Free indicator, works on every timeframe and every symbol.
Many entries are made on the candle close, and a wide spread can turn a good entry into a bad one. MetaTrader 5 does not show either on the chart. This indicator adds both, in a clean way, and updates them every second.
HOW IT WORKS
- Right of the last candle, a small text moves with the price: time left and spread, for example "<- 04:02 0.8 pips".
- In a corner of the chart, a box shows "M5 candle closes in: 04:02", the spread and the server time.
- The countdown runs on a 1-second timer, so it keeps moving even when no new ticks arrive.
- When the spread is above your limit (2 pips by default), it turns red and the box says "(high)".
- When the market is closed and no new candle starts, the countdown shows "closed" instead of a wrong number.
FEATURES
- Candle countdown on every timeframe: mm:ss on short timeframes, h:mm:ss on H1 and H4, days on D1 and above
- Live spread in pips for forex (3 and 5-digit symbols) and in points for gold, indices and crypto
- Spread warning color above your limit
- Server time of your broker, to the second
- Two displays: next to the price and in a corner box, each can be turned off
- Box in any of the 4 chart corners, with position and font size
WHO IT IS FOR
- Price action traders who wait for the candle close before entering
- Scalpers who want to see the spread before every click
- Anyone who trades around the daily rollover or news, when spreads get wider
SETUP
- Drag Candle Timer Spread Display MT5 from the Indicators list onto any chart.
- Keep the default settings, or change the spread limit, colors and box corner in the Inputs tab, then press OK.
INPUTS
- Show the timer next to the price / Distance right of the last bar / Timer color
- Show the spread
- Spread warning above: pips for forex, points for other symbols (0 = off)
- Spread color / Spread color above the warning
- Show box with timer, spread and server time / Box corner / Box X and Y offset / Font size
NOTES
- The spread is the current difference between Ask and Bid, read live from your broker.
- The indicator only displays information. It does not open, change or close any trade.
- Also free from the same author: Trading Sessions Box MT5, Previous Day Week Month Levels MT5, Daily Loss Limit Lock MT5, Max Trades Per Day MT5 and Margin Level Protector MT5.
Questions or suggestions? Send me a private message on MQL5. If the indicator helps you, a short review is very much appreciated.
