Candle Time End and Spread Indicator for MT4
<h2><strong>Introduction to the Candle Time End and Spread Indicator</strong></h2>
<p>Scalping is not that difficult. What makes scalping seemingly more difficult is that traders often trade not taking into consideration the cost of trading which is the spread.</p>
<p>This Candle Time End and Spread indicator can help scalpers time their trades correctly and asses the spreads effectively.</p>
<h2><strong>What is the Candle Time End and Spread Indicator?</strong></h2>
<p>Just as its name suggests, the Candle Time End and Spread indicator is a custom technical indicator that displays the time remaining until the current candle will end, as well as the spread for currency pair, commodity, index, or other tradeable instrument you are trading.</p>
<h2><strong>How the Candle Time End and Spread Indicator Works?</strong></h2>
<p>The Candle Time End and Spread indicator measures the difference between the current time and the time the next candle would begin. It then displays that time difference on the lower right of the chart indicated as “Next Bar in”.</p>
<p>This indicator also computes for the spread, which is basically the difference between the bid and the ask price. It does this by subtracting the broker’s bid price and the ask price. This difference is displayed in Points, which is how MT4 measures price differences. The difference is also displayed on the lower right corner of the chart labeled as “Spread:”.</p>
<p><img class="alignnone size-full wp-image-65363" src="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Candle-Time-End-and-Spread-Indicator-for-MT4.png" alt="Candle Time End and Spread Indicator for MT4" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Candle-Time-End-and-Spread-Indicator-for-MT4.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Candle-Time-End-and-Spread-Indicator-for-MT4-300x206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Candle-Time-End-and-Spread-Indicator-for-MT4-768x528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Candle-Time-End-and-Spread-Indicator-for-MT4-218x150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Candle-Time-End-and-Spread-Indicator-for-MT4-436x300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Candle-Time-End-and-Spread-Indicator-for-MT4-100x70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<p>Traders can also modify the color of the text on the Clock Color variable under the Inputs tab of the Indicator Settings. The placement of the text can also be shifted to the upper right corner by changing the Corner variable to 1.</p>
<p><img class="alignnone size-full wp-image-65362" src="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/What-is-the-Candle-Time-End-and-Spread-Indicator.png" alt="What is the Candle Time End and Spread Indicator" width="977" height="652" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/What-is-the-Candle-Time-End-and-Spread-Indicator.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/What-is-the-Candle-Time-End-and-Spread-Indicator-300x200.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/What-is-the-Candle-Time-End-and-Spread-Indicator-768x513.png 768w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h2><strong>How to Use the Candle Time End and Spread Indicator for MT4</strong></h2>
<p>The Candle Time End information is useful for traders who need the close of a candle to confirm their trade setups. This include trade setups based on reversal candlestick patterns, as well as momentum breakouts and reversals. This information is applicable across all timeframes.</p>
<p>The Spread indication however becomes more useful for traders trading on shorter trade durations for smaller price movements. This information is vital for scalpers trading on the lower timeframes such as the 5-minute and 1-minute charts, and even for day traders trading on the 15-minute to 1-hour charts.</p>
<p>Using this information, traders should trade only when the trade setup is valid on the close of the candle, and if the potential profit is still very high even with the spread incorporated on the trade.</p>
<p>Note that you will be incurring spreads as you open and close a trade.</p>
<h3><strong>Buy Trade Setup</strong></h3>
<p><strong><em>When to Enter?</em></strong></p>
<p>Identify a bullish trade setup such as a momentum breakout or candlestick reversal signal. Asses if the take profit target can cover the cost of the spread. Open the buy trade on the close of the candle. Set the stop loss on the support below the entry candle.</p>
<p><strong><em>When to Exit?</em></strong></p>
<p>Set the take profit target based on the trade setup and allow price to reach it.</p>
<p><img class="alignnone size-full wp-image-65361" src="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Buy-Trade.png" alt="How to Use the Candle Time End and Spread Indicator for MT4 - Buy Trade" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Buy-Trade.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Buy-Trade-300x206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Buy-Trade-768x528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Buy-Trade-218x150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Buy-Trade-436x300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Buy-Trade-100x70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h3><strong>Sell Trade Setup</strong></h3>
<p><strong><em>When to Enter?</em></strong></p>
<p>Identify a bearish trade setup such as a momentum breakdown or candlestick reversal signal. Asses if the take profit target can cover the cost of the spread. Open the sell trade on the close of the candle. Set the stop loss on the resistance above the entry candle.</p>
<p><strong><em>When to Exit?</em></strong></p>
<p>Set the take profit target based on the trade setup and allow price to reach it.</p>
<p><img class="alignnone size-full wp-image-65360" src="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Sell-Trade.png" alt="How to Use the Candle Time End and Spread Indicator for MT4 - Sell Trade" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Sell-Trade.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Sell-Trade-300x206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Sell-Trade-768x528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Sell-Trade-218x150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Sell-Trade-436x300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-Use-the-Candle-Time-End-and-Spread-Indicator-for-MT4-Sell-Trade-100x70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h2><strong>Conclusion</strong></h2>
<p>This indicator is very useful for scalpers as scalpers need to know if their projected profit can cover the cost of trading based on the spread.</p>
<p><h3><span><strong>MT4 Indicators – Download Instructions</strong></span></h3>
<p>Candle Time End and Spread Indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.</p>
<p>Candle Time End and Spread Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.</p>
<p>Based on this information, traders can assume further price movement and adjust their strategy accordingly. <strong><a href="https://www.forexmt4indicators.com/category/forex-strategies/" target="_blank" rel="noopener noreferrer">Click here for MT4 Strategies</a></strong></p>
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<h4><strong>How to install Candle Time End and Spread Indicator for MT4.mq4?</strong></h4>
<ul>
<li>Download Candle Time End and Spread Indicator for MT4.mq4</li>
<li>Copy Candle Time End and Spread Indicator for MT4.mq4 to your Metatrader Directory / experts / indicators /</li>
<li>Start or restart your Metatrader 4 Client</li>
<li>Select Chart and Timeframe where you want to test your MT4 indicators</li>
<li>Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client</li>
<li>Right click on Candle Time End and Spread Indicator for MT4.mq4</li>
<li>Attach to a chart</li>
<li>Modify settings or press ok</li>
<li>Indicator Candle Time End and Spread Indicator for MT4.mq4 is available on your Chart</li>
</ul>
<h4><strong>How to remove Candle Time End and Spread Indicator for MT4.mq4 from your Metatrader Chart?</strong></h4>
<ul>
<li>Select the Chart where is the Indicator running in your Metatrader 4 Client</li>
<li>Right click into the Chart</li>
<li>“Indicators list”</li>
<li>Select the Indicator and delete</li>
</ul>
<h4><strong>Candle Time End and Spread Indicator for MT4 (Free Download)</strong></h4>
<p><strong>Click here below to download:</strong></p>
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<p>La entrada <a rel="nofollow" href="https://www.forexmt4indicators.com/candle-time-end-and-spread-indicator-for-metatrader-4/">Candle Time End and Spread Indicator for MT4</a> se publicó primero en <a rel="nofollow" href="https://www.forexmt4indicators.com">Forex MT4 Indicators</a>.</p>