The mt4 clock indicator is an indicator used for detecting the time and disclosed points on the indicator chart. It detects the remaining time for the life of candlesticks. This indicator can be used to change the timeframe of the indicator chart. It can also change the time session which is very applicable in the market trend. There is an old saying that “time is everything”. Time is also an immovable forex trading system as it is also valuable in other activities of life. It is very important to trade at the perfect time, which is why time is of the essence in the Forex trading system.
Explain of MT4 CLOCK INDICATOR:-
If you are trading in a short period, you have to pay more attention to the time than the market trend because there is less time to trade in the short term so you have to take care of the market as well as time in Trends. But, if you are a long-term trader, then you have to look at your indicator chart once a day and you have to pay more attention to the market trends than the clock timer.
Short-term traders need to be informed of what’s going to happen in the market trend, short-term traders’ clock is always ticking, and they need to be prepared for the new candle that appears on the indicator chart.
The clock indicator helps to change the time session. mt4 clock indicator uses the world’s biggest clock’s for trading.
- Tokyo (Asian session),
- London (European session),
- New York (American session).
For example, if you are trading in London time session and you are not getting any profit in London time session and you want to change your time session to New York time session you can easily change your time session with the help of this indicator. If allows you to change time session in New York, Tokyo, London, Asian, European, and American time session. Whenever you change the time session a new trade with a new trader in the market starts. It is very helpful for the traders because it changes the market situation in seconds.
Parameters used in the clock indicator are given below:
- Highlighted Colour
- Second display
- Display time with seconds
- Suppress bar
- Time session
- Currency pair
- Candlestick pattern
- Show local
- Clock colour
- Label colour
- Show Tokyo
- Show London
- Show New York
- Show GMT
It is very easy to use this application in daily trade with the help of these parameters.
USES OF CLOCK INDICATOR MT4:
There are many uses of clock indicator. Some of the uses are discussed here. This indicator is used to change the timeframe of the trade in the market trend. It is used to change the trade and market situation in seconds.it is one of the best indicators. It can be used to detect the ending and starting points of the candlestick. It helps to trade well for short term traders. It can change the time session between world’s best time sessions.
Uses of Clock 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: Clock indicator
Recommended broker: All trusted brokers
Remember, Before use Clock Indicator you can test on Demo account. When you will expert then you will use in Real account of trading.