The time indicator is a useful tool for forex traders using the MetaTrader 4 platform. This popular indicator is free to download and can help traders effectively manage their trades by displaying the current time on their charts. The time indicator works by showing traders the current market session, such as Tokyo, London, or New York, allowing them to plan their trading strategies accordingly. Additionally, it can also display the time left until the close of the current candle, giving traders valuable information for making informed decisions. To use the time indicator, simply download and install it onto your MT4 platform. Once applied to your chart, the indicator will automatically display the current time and session, helping you stay on top of market movements and make timely trades.
MT4
Time MTF Indicator
The Time Indicator is a useful forex indicator for MT4, popular among traders for its simplicity and accuracy. This free indicator displays current market time, allowing traders to better time their trades based on market hours. It is easy to use and can be customized to show different time zones. Make better trading decisions with the Time Indicator.
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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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Enhance trade precision with the MT4 Time indicator, offering information on local and server time. It is ideal for news traders because it optimizes market entry timing and helps technical traders in strategic decision-making. Note: This tool doesn't provide traders with buy/sell signals but focuses on precise trade timing.
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