Candle Time Indicator for MT4 and MT5

This Metatrader 4/5 indicator displays the remaining time for a candlestick or bar chart pattern to close. Depending on how much time is left in the pattern, this can assist you decide whether or not to enter a trade.

Take a 5-minute candlestick chart of a specific currency as an example. There are two minutes left on the current candlestick, which has been open for three minutes. Based on how much time is left in the pattern, a trader could use this data to decide whether to enter or quit a position. In the event that you anticipate the currency to maintain its present trend, you may wish to enter a trade before the current candlestick expires. On the other hand, if you have reason to believe that the direction of the currency's price movement is about to shift, you may choose to close out an open transaction or abstain from entering any trades at all.