This is why traders need to avoid trading when the candle is still far from closing, and the candle timer indicator can help us do this. However this kind of trading only works when the actual pattern is confirmed, and patterns are only confirmed when the candle closes. This is because the closing price confirms the direction of the market with the context of the other parts of price action, such as the highs, lows and openings. In fact, it is common for professional swing and positioning traders to discuss only the open and close price. This indicator will remind you of the time remaining until the close of the current candlestick.Most professional traders give very high importance to the closing price in relation to the opening price. The Candle Time indicator is an unusual but very useful indicator. This will allow you to close trades before seismic fluctuations occur. It also shows the time remaining before market news is released. This feature can be used to close trades before the market closes for the weekend.ĬandleTime indicator mt4 to track how the market reacts to certain market events. This indicator can be used to determine when the market closes, depending on where you are. You know that the market closes every weekend. Scalpers can profit or lose money by following the next candlestick formation in a short time frame. If you trade on a 1 hour time frame, it will show you how many minutes you have left until the end of the candlestick. If you trade price action, the indicator can prove to be very useful. How to trade with the Candle Time IndicatorĪlthough the indicator does not generate buy and sell signals, it can be used to organize trading schedules. It does not provide buy and sell signals, unlike other indicators.īesides Candle Time, it is also known by the following names: Candle Clock and Time Indicator, Candle Countdown, Candle Countdown, Candle Countdown, Candle Clock, Bar Clock, Candle Clock, Bar Timer and Candle Timer. The indicator can be used by both day traders and scalpers. It can be used in any currency pair and time frame. This indicator is easy to use, but very powerful.Īs the name implies, the indicator shows the time remaining until the close of the candlestick. The CandleTime indicator is a great addition to your trading tools. Timing is key, just like in all other aspects of life.
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