![]() ![]() However, this indicator is seldom used in isolation from other indicators. With it, they can be ready to open or close a position right in time when the new candle begins. The candle timer indicator is a very useful tool for short-term traders. Traders need to search for the one that is most suitable for them on Google and install it in MT4. However, there are many sources on the internet that offer the candle timer indicator for free. Usually, MetaTrader 4 doesn’t come with this indicator already installed on the platform. Once toggled, the indicator places a countdown timer within the chart and keeps track of exactly how many minutes and seconds are left before the new candle forms. The candle timer is an indicator that allows traders to keep an eye on the individual candles in the candlestick chart and find out when the current one will close and the new one will open. This is where the Forex candle countdown timer indicator comes into play. And it gets even more important if these positions are placed for a short-term period. In trading, choosing the most suitable time to open or close the position is very important. ![]()
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