For traders who base their decisions on candle closures—such as Price Action, ICT, and RTM traders—knowing the exact remaining time is crucial. This indicator eliminates the need for constantly checking the clock and enhances traders' focus on chart analysis and decision-making.
How the Candle Time Indicator Works
1. Detecting the Active Timeframe- The indicator automatically recognizes the current chart timeframe (e.g., M1, M5, M15, H1, etc.).
2. Calculating the Remaining Time
- Based on local system time and broker’s server time, the indicator calculates how much time is left before the candle closes.
3. Displaying a Countdown Timer
- The countdown appears as a digital clock (MM:SS) in a corner of the chart.
- It updates in real-time and ensures traders always see the exact time left before a new candle forms.
Key Features of the Candle Time Indicator
Accurate Candle Countdown
- Traders can see, at a glance, when the current candle will close.
Works on All Timeframes
- The indicator functions correctly on all trading timeframes, from M1 to Monthly.
Highly Customizable
- Positioning: Move the countdown to different corners of the chart (top, bottom, left, right).
- Font & Color: Customize font size and colors for better visibility.
- Alerts: Add an audio alert when the candle is about to close.
Reduces Trading Psychology Errors
- Many traders enter trades too early before a candle closes. This indicator reminds them to wait and make more informed decisions.
Easy Installation & Use
- Simply attach the indicator to the chart, and the countdown starts immediately.
Practical Uses of the Candle Time Indicator
Better Decision-Making at Candle Close
- Price Action traders often need the candle closure to confirm signals. This indicator helps them make precise entry and exit decisions.
Avoiding Premature Entries
- Many traders mistakenly enter trades before a candle closes. This indicator helps them wait for confirmation, reducing impulsive trading.
Enhanced Trader Focus
- Instead of constantly checking the clock or broker’s server time, traders can focus on analyzing price movements while keeping track of the countdown.
Optimizing Time-Based Strategies
- Traders using strategies based on candle open/close times (e.g., H1 or H4 reversal setups) can time their trades more effectively.
Adjustable Settings in the Candle Time Indicator
Timer Positioning
- Choose where the countdown appears (top, bottom, left, right).
- Adjust margins to move the timer to an ideal location.
Font & Color Customization
- Change text color to match your chart’s theme.
- Adjust font size for better readability.
Audio Alerts
- Sound alert for the last 10 seconds of a candle.
- Customizable alerts and sounds.
Enable/Disable for Specific Timeframes
- Option to show or hide the countdown for selected timeframes.
Why Use the Candle Time Indicator?
Know Exactly When a Candle Closes
- Avoid early entries by tracking the exact time left for confirmation.
Improved Trading Discipline
- Beginner traders often rush their trades. This tool encourages patience and better decision-making.
Essential for Price Action & Time-Based Strategies
- The Candle Time Indicator is a must-have for traders relying on candle closes.
How to Install & Use the Candle Time Indicator
Download the Indicator (Link to your website or product page)
Place the file in the ‘Indicators’ folder of your trading platform (e.g., MetaTrader).
Restart your trading platform.
Attach the Indicator to the Chart.
Customize the settings to your preference.
Conclusion
The Candle Time Indicator is a simple but powerful tool for every Forex and cryptocurrency trader. It prevents premature trade entries and allows traders to focus on key price action points instead of watching the clock.
Download Now & Upgrade Your Trading!
Get the Candle Time Indicator
This indicator is available for free on ForexGadgets.com. Download it today and take control of your trade timing! 
https://www.forexgadgets.com/en/best-forex-indicators/
