CANDLE TIMER INDICATOR MT4
The candle timer indicator is an indicator used to show the timing of the candlesticks in the market trends. candle timer indicator is very important in online trading because it tells how many candlesticks are remaining for trade in the market trend.
Candle timer indicator does not show the buy and sell signals on the indicator chart but Candle timer indicator helps to know about the remaining time for these signals in the form of candlesticks in the market trend.
WHY TIME IS IMPORTANT IN FOREX TRADING?
It is an old saying that “Time is everything”. Time is also a valuable n forex trading system as it is valuable in other life activities.it is very important to trade on the perfect time that is why timing is important in Forex trading system. If you are trading in the short term, then you have to focus on the time more than the market trend because in short term the time for trade is also short so that is why you have to take care of the time as well as the market trends. But, if you are a long term trader then you have to look at your indicator chart once in a day, and you have to focus on the market trends more than candle timer.
Short term traders have to be aware that what is going to happen in the market trend, the clock of the short term traders is always ticking, and they have to be prepared for the new candle that appears on the indicator chart.
It is the simplest indicator that is used to know about when the new candlestick bar appears on the indicator chart and what we have to do with that candlestick whether we have to buy here or we have to sell here.
Candle timer indicator is very helpful for short term traders. Candle timer indicator also puts email notifications, mobile notifications and on-screen alerts. It helps the traders to make 30 pips in a day.
The candle timer indicator has the following parameters:
- Text colour
- Font size
- Font name
- Display time by the Bar
- Display time comment
- Text usually above the price lines
- Spread factors
- Auto time shift adjust
- Adjust weekly time remain by minutes
These parameters help to know when the candle time sending when the new candle bar is emerging and which spread factor is best for that candle bar.
USES of Candle time indicator
The candle timer indicator has many uses for short term traders. Candle timer indicator is specially designed for short term traders but long term traders can also use these indicators for understanding the time levels for candlestick bar. With the help of this timer indicator, short term traders can trade in a better manner and can earn good profits, if they look upon the candle timer carefully and understand the time
it also gives the timer for emerging candle and diverging candles. It also has some specific parameters that make Candle timer indicator a unique indicator and can help in easy understanding.
Uses of Candle timer indicator:
Currency pairs: All
EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD, USDCAD,EURJPY, EURCHF, EURGBP, EURAUD, EURNZD, EURCAD,GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD AUDCAD, AUDNZD, AUDJPY, CHFJPY, NZDJPY, CADJPY, CADCHF, NZDCHF
Trading Time: 24 Hours
Timeframe: Candle timer indicator
Recommended broker: All trusted brokers
Remember, Before use Candle timer indicator you can test on Demo account. When you will expert then you will use in Real account of trading.