It is a great tool for new traders who are not yet accustomed at the concept of time-frames. The Simple timer next candle Indicator For MT5 is a simple, self-explanatory tool, but it is good to know the advantages it could provide.
If applied on the M15 chart, it will display the remaining time starting from the current 15 minute-candle right until the last second, at which point the countdown will resume again at the formation of the next 15-minute candle. So, for example, if applied on the H1 chart, it will display the remaining time starting from the hour right until the last second, at which the countdown will resume again at the formation of the next hourly candle. The beauty of the indicator is its accuracy on individual time-frames and chart types where it provides a countdown according to the time-frame. With this indicator, a trader can change the colour of the labelling, the size and style of the front, the corner at which to display the time on the chart or whether they prefer it next the price. The Simple timer next candle Indicator For MT5 has a few settings that can be customised to suit the preferences of each individual trader. Alerts In Real-Time When Divergences Occur
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