Candle Time and Spread Indicator for MetaTrader 5 – Free Download [TFlab]

The Candle Time and Spread Indicator is a practical tool in the MetaTrader 5 platform that displays, in real time, the remaining time until the current candle closes and the current market spread.

These two components play an important role in trading strategies such as price action, candlestick behavior analysis, and trading based on technical level breakouts, and are displayed as text directly on the price chart.

Candle Time and Spread Indicator Table

Specifications of the Candle Time and Spread indicator are shown in the table below:

Candle Time and Spread Indicator at a Glance

The Candle Time and Spread Indicator combines two key pieces of data, allowing simultaneous monitoring of the time remaining for the current candle and the real-time spread of the trading symbol.

The numerical display of the spread on the right-hand side of the chart particularly in situations such as high volatility caused by economic news releases or during the activation of major global markets such as the London sessions and New York sessions enables traders to accurately and instantly assess trade execution costs.

Candle Time and Spread Indicator Settings

Image below shows the settings of the Candle Time and Spread Indicator:

• Clock Color: Show clock color
• Corner: Chart corner

Conclusion

The Candle Time and Spread Indicator (Candle Time Spread) combines a candle-close countdown with real-time spread monitoring, serving as a tool for analyzing candle timing and managing trading costs.

By identifying abnormal spread conditions, this indicator helps prevent entry into high-risk, high-cost positions.