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The Candle Time and Spread indicator displays in real time both the exact remaining time until the current candle closes and the trading spread.
This feature is highly valuable in trading strategies such as price action, candlestick analysis, and breakout trading, as many entry and exit decisions are made based on how candles close and the current spread.
Candle Time and Spread Indicator Table
General features of the Candle Time and Spread indicator are presented in the table below:
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Indicator Categories:
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Trading Assist MT4 Indicators
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Platforms:
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MetaTrader 4 Indicators
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Trading Skills:
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Elementary
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Timeframe:
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Multi-Timeframe MT4 Indicators
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Trading Instruments:
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Share Stocks MT4 Indicators
Indices Market MT4 Indicators
Commodity Market MT4 Indicators
Stock Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators
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Candle Time and Spread Indicator Overview
The Candle Time and Spread indicator, in addition to showing the remaining time until the current candle closes, also displays the real-time spread of the trading symbol numerically on the right side of the chart.
This data becomes especially important in volatile market conditions such as during major economic news releases or at the opening of trading sessions like London and New York.
Candle Time and Spread Indicator Settings
Image below shows the settings panel for the Candle Time and Spread indicator:
- Clock Color: Display Clock color
- Corner: Chart corner
Conclusion
The Candle Time and Spread indicator combines a precise countdown to candle close with real-time spread monitoring to provide optimal entry conditions based on candlestick structure and trade execution cost.
Additionally, this tool helps avoid entering trades during phases of high spread and extreme volatility, thereby reducing the risk of price slippage.
Candle Time and Spread Indicator for MT4 PDF
Candle Time and Spread Indicator for MT4 PDF
Click to download Candle Time and Spread Indicator for MT4 PDF
What is the use of the Candle Time and Spread Indicator?
This indicator displays the remaining time until the current candle closes and the real-time spread of the trading symbol, helping improve entry accuracy and reduce trading costs.
Does installing the Candle Time and Spread Indicator require special settings?
No; once installed on MetaTrader 4, the indicator is automatically activated, and only optional customization of display settings such as position, color, or font size is available if needed.