The Candle Time and Spread Indicator for MT5 is a useful tool for forex traders looking to keep track of candlestick time intervals and spreads. This popular indicator is free to use and can help traders make informed decisions based on the current market conditions. The indicator displays the time remaining for the current candlestick to close, giving traders a clear idea of when to enter or exit a trade. It also shows the current spread, helping traders assess the cost of executing a trade. By using this indicator, traders can effectively manage their risk and optimize their trading strategies. To use the Candle Time and Spread Indicator, simply download and install it on your MT5 platform. Once activated, the indicator will automatically display the relevant information on your trading chart, allowing you to make more informed trading decisions.
MT5
Candle Time And Spread
Candle Time and Spread Indicator MT5 is a useful forex indicator that is popular among traders. It is free to use and provides valuable information about the remaining time for the current candle to close and the spread of the currency pair. Traders can use this tool to better time their trades and analyze market volatility.
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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:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
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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