What is candle-timer-indicator?
Candle Timer Indicator is an MT5 display tool that shows the remaining time of the current candle directly on the chart. Positive and negative timer colors, font size, and horizontal shift settings control how the timer is presented.
The timer adds timing context to the active chart so the current bar can be reviewed without switching to another clock or panel. It reports bar timing and does not describe what price will do next.
How to Use It in Practice
Use the indicator as a chart-timing reference:
- Add Candle Timer Indicator to an MT5 chart and review the timer attached to the current candle.
- Set the positive and negative timer colors to keep the displayed state readable against the chart.
- Adjust Font size for timer and Timer shift to place the text clearly.
- Compare the remaining bar time with the current timeframe and price behavior.
- Use the timer for chart context rather than as a timing instruction for a market action.
Remaining candle time is visible directly on the chart, color and font options support readability, and the horizontal shift keeps the timer away from other annotations.
MT5 Indicator Parameters
The screenshot above shows the default input parameters in the MT5 settings window.
| Parameter | Description |
|---|---|
| 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. |
