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Candle Time And Spread

The Candle Time and Spread Indicator MT5 is a popular and free Forex indicator that can be used to improve your trading performance. This useful tool helps traders to monitor the time remaining until the current candle closes, as well as the spread between the bid and ask prices. By using the Candle Time and Spread Indicator MT5, traders can gain an advantage over their competition and increase their chances of success.

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Description

In the fast-paced world of forex trading, having access to real-time market data and insights can be a game-changer for traders. The Candle Time and Spread Indicator, a free and user-friendly tool available for the MetaTrader 5 (MT5) platform, offers traders a unique solution to this challenge, providing them with a comprehensive overview of the current market conditions at a glance.

Features of the Indicator

The Candle Time and Spread Indicator is designed to display critical trading information directly on the chart, allowing traders to quickly and easily assess the current market situation. This innovative indicator shows the remaining time of the current candle in minutes and seconds, as well as the current spread of the symbol in pips.

Additionally, it displays the current candle timeframe, enabling traders to quickly switch between different time frames and analyze the market from multiple perspectives.

How the Indicator Can Benefit You

By incorporating the Candle Time and Spread Indicator into your trading strategy, you can gain a significant edge in the forex market. This tool provides you with instant access to the information you need to make informed buy, sell, and trade management decisions, whether you are a day trader, scalper, or swing trader.

By keeping a close eye on the remaining candle time and the current spread, you can better anticipate market movements and identify potential trading opportunities with greater accuracy.

Indicator Settings

Clock color: Adjusts the color of the timer label.

Corner: Positions the timer on the chart.

Conclusion

The Candle Time and Spread Indicator is a free and powerful tool that can be a valuable addition to any forex trader’s toolkit. By providing real-time market data and insights at a glance, this indicator empowers you to make more informed trading decisions and navigate the dynamic forex landscape with greater confidence and success. Download the Candle Time and Spread Indicator today and take your trading to new heights.

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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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