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B Clock Indicator

Use the countdown timer to know the remaining time for candle close by B Clock indicator. Best support tool for scalpers and forex economic news release traders.

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Description

The B Clock MT4 indicator is a countdown timer displayed on the price chart to display the time remaining for a candlestick to close. The indicator continuously displays the remaining time and resets upon the formation of a new candlestick. Scalpers and forex news traders will find this indicator most suitable and beneficial.

Features of B Clock MT4 Indicator

The indicator stays continuously besides the current candlestick with a countdown timer based on the chart time frame. Additionally, it mentions the remaining time in the left top chart corner or the comments area. For instance the timer starts counting down from 1 min in a minute chart and starts from 240 minutes in a H4 price chart.

The indicator works well in all intraday price charts as well as the daily, weekly and monthly charts. Moreover, it does not provide any custom input settings except the possibility to change the color of timer.

Traders looking for scalping the markets enter or exit upon the opening of a new candle. Additionally, traders scalping the markets using the higher high and higher low HHHL trading strategy can use this indicator to time the exit.

Forex news traders can exactly time the news release and enter the market at optimum timing. This indicator has a clear display and does not overlap the charts or confuse the traders.

Benefits of B Clock MT4 Indicator

The indicator does not provide technical analysis or buy or sell forex trading signals. But, it helps traders to understand the remaining time left for the candle closing.

Forex scalpers benefit the most from this indicator as most scalping strategies take formation of new candlestick into consideration. Additionally, traders looking to capitalize the trading opportunities of economic news releases will benefit.

Indicator Settings Description

ClockColor: Text color of the timer.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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