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What is a Candle Time Indicator?
A candle time indicator is an indicator that you can use in your MT4 or MT5 charts to quickly and easily see how long a candle has before finishing.
This can be incredibly important for a whole range of trading strategies and systems.
Traders trading on small time frames need to know when the next candles is about to close. Traders using longer term time frames like the daily and weekly charts also have a need to know when the next candle is going to close so they can assess their charts.
Using a candle time indicator takes away the need to manually look at the time of the candle and calculate exactly how long it has left until the next candle forms.
The indicators discussed in this post can be used on all time frames, they are free and come with a range of options you can customize.
Candle Time Indicator MT4
ProfitF Candle Time Indicator
This is a free candle time indicator from ProfitF.
This free download actually comes with a range of indicators that you can install and will help you quickly and easily see the time until the next candle.
Some of these indicators are; the time to close and spread, candle time left and also a candle countdown.
The countdown feature is particularly handy because you can see the time remaining counting down right on your chart and it makes it very efficient.
You can read more about and download the ProfitF Candle Time Indicator here.
Candle Closing Time Remaining (CCTR) Version 3
This is another free indicator at MQL5.
This candle close indicator will show you the remaining time before the next candle begins.
It also includes a nice feature where you can create an alert to let you know when a candle is about to close and a new one is about to begin.
It has a number of features and options you can customize including;
- Customize color and size.
- Choose placement and position.
- Display server time.
- Play an alert sound when the candle is going to close.
You can read more about and download the Candle Closing Time Remaining (CCTR) Version 3 indicator here.
Candle Time Indicator MT5
Simple Timer Next Candle
This is a free indicator at MQL5.
This indicator will show you the time remaining until the current candle closes on your MT5 charts and has a number of options you can customize.
Another cool feature of this indicator is that you can move the indicator to wherever you like on your charts to make it easier to see and use.
With this indicator you can customize;
- Position and placement on your chart
You can read more about and download the simple timer next candle here.
Candle Time End and Spread
This is a standard MT5 candle time indicator created by Sergeev at MQL5 that will show you the time until the current candles closes and the spread of the market you are trading.
This indicator comes with two settings.
- Location on the chart to add the indicator.
- Color you would like it to show in.
You can read more about and download this MQL5 Candle Time Indicator here.
Note: Don’t know how to install and use these indicators? Read How to Download, Install and Use MT4 and MT5 Indicators.