What is candle-timer-indicator?
The Candle Timer indicator shows the remaining time of the current candle directly on the chart. It gives a simple visual countdown, allowing you to see exactly how many minutes or seconds are left before the candle closes. This is especially useful for time-based strategies where candle close timing matters.
By displaying the timer in clear text and color-coding its state, the indicator helps you stay aware of market rhythm without checking the clock or relying on platform status bars.
How to Use It in Practice
In practical trading, this indicator can be used to:
- Prepare entries or exits just before a candle closes.
- Avoid premature decisions by waiting for candle confirmation.
- Synchronize executions with specific time-based strategies.
- Reduce mistakes caused by misjudging candle closing time.
It is well suited for scalpers, intraday traders, and anyone who relies on precise candle timing rather than indicators alone.
Best Settings & MT5 Parameters for candle-timer-indicator
Color for positive timer values
Sets the text color used when the candle still has remaining time before closing.
Color for negative timer values
Defines the text color used if the timer goes into a negative state, typically during data delays or refresh moments.
Font size for timer
Controls the size of the timer text displayed on the chart.
Timer shift
Adjusts the horizontal position of the timer text so it can be placed clearly without overlapping price candles.
