Candle Time and Spread Indicators for MetaTrader 5 – Free Download [TFlab] – MT4/MT5 Resource

The Candle Time and Spread indicator is a useful tool in the MetaTrader 5 platform that displays the remaining time until the current candle closes as well as the current market spread in real time.

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 directly on the price chart in text form.

Candle Time and Spread Indicator Chart

The specifications of the candle time and spread indicators are shown in the table below:

Overview of candle time and spread indicators

The Candle Time and Spread indicator combines two key data to simultaneously monitor the remaining time of the current candle and the remaining time of the real-time candle chart. spread trading variety.

The numerical display of spreads on the right side of the chart, especially during periods of high volatility caused by economic news releases or active periods in major global markets such as the stock market. London sessions during the New York trading session allow traders to accurately and instantly assess the cost of executing a trade.

Candle Time and Spread Indicator Settings

The image below shows the candle time and spread indicator setup:

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

Conclusion

The Candle Time and Spread indicator combines candle close countdown with real-time spread monitoring 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.