Candle Timer Indicator for MT4 | MT5

The Candle Timer Indicator for Metatrader tracks the candlestick patterns that appear on the chart. The indicator allows traders to detect on MT4, at a glance, the life span of the current candle. As timing is crucial for placing sell and buy orders, scalpers appreciate the candle timer indicator as it allows them to track market movements and decide when to enter the market or exit it. This MT5 indicator tracks, in seconds, the opening and closing time of the current candle. Furthermore, the indicator works on every tradable asset and on every available timeframe. It is worth noting that the Candle timer indicator has many other alternative names such as the candle count-down indicator, the candle clock indicator, and, the candle time remaining indicator.

The Candle timer indicator, unlike others, doesn’t follow the market trend nor does give sell and buy signals. Yet, it is a quite efficient indicator used by scalpers and traders, alongside other indicators to make wise and accurate trading decisions. Some of the easiest strategies used by traders is to use the candle timer indicator alongside one short-term moving average and one long-term moving average then to look for golden and death crosses.

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