There are two very important pieces of information that every Forex trader should monitor on their trading screen: the remaining time of the current candle and the spread of the active currency pair. The Candle Time End and Spread Indicator for MT4 helps you display both of these values at the same time.
This indicator is very convenient because you don’t need to install two separate indicators to view each piece of information individually.
Introduction to the Candle Time End and Spread Indicator
After successful installation, the indicator will display the following information on the chart:
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Spread: Displayed in points by default. For example, in the image below, a spread of 3 points is equivalent to 0.3 pips.
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Next Bar In: The time remaining until the next candle appears, which is also the remaining time of the current candle.
How to Install
Customization Settings
You can change the text color displayed on the chart using the Clock_Color parameter.
In the Corner section, you can adjust the display position of the indicator on the chart:
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0: Top-left corner
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1: Top-right corner
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2: Bottom-left corner
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3: Bottom-right corner
Additional Information
Knowing the remaining time of the current candle is extremely useful in many trading situations, especially when you want to wait for a candle to close before entering a trade. By default, MT4 does not provide this information, so you need an indicator to display it.
The candle countdown timer is helpful for traders across all timeframes—short-term, medium-term, and long-term trading alike.
Spread is another very important piece of information. It gives you a quick overview of current market conditions and helps you decide whether it’s a good time to enter a trade.
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When the spread is high, it usually means the market has low liquidity or important news is about to be released or is currently being released. In both cases, entering a trade is generally not recommended.
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After trading for some time and becoming familiar with different currency pairs, you will be able to recognize what a reasonable spread level is and choose the right moments to trade.
