CANDLE TIMER INDICATOR MT4

Candle Timer Indicator For MT4 displays the time left for the current candle to close.

• The candle timer indicator for MT4 is must have for scalpers and forex technical traders using candle close as additional confirm. Indeed, the indicator is a simple tool that displays the time left for the current candle to close. Obviously, the indicator does not provide forex trading signals, but helps traders in multiple ways.
• The indicator is simple to use and apply, so it is suitable for new and advanced forex traders alike.

Candle Timer Indicator For MT4 Application Setup

• The above candlestick price chart shows the candle timer indicator for MT4 in action. The indicator shows the time left in the price chart. Furthermore, the indicator updates the time automatically and displays on the chart.

Forex scalpers mostly look to enter the markets and exit with a few pips in profit. Generally, the market direction is intact if the market closes in the direction of the previous candle. Scalpers take advantage of this and the candle timer indicator for MT4 helps them to complete this task.

Similarly, most technical indicators use candle closing prices as an input value. Since the output values of these indicators reply on the closing prices foerx traders tend to wait for the current candle to close before making decisions of entry.

Conclusion

• The candle timer indicator for MT4 is one of the indicator’s mostly used by technical forex traders. Though it doesn’t generate any trading signals, it is very handy in technical analysis.