Candle Closing Time Remaining (CCTR) Version 3
Info
The Candle Closing Time Remaining (CCTR) Version 3 is a Indicator for MetaTrader 4 that candle closing time remaining (cctr) is an indicator that displays the remaining time for an open candle to be closed. Features- Changeable color and size.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Candle Closing Time Remaining (CCTR) Version 3
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Candle Closing Time Remaining (CCTR) is an indicator that displays the remaining time for an open candle to be closed.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: size of the candle body - another powerful indicator for MetaTrader 4 traders.
Candle Closing Time Remaining (CCTR) is an indicator that displays the remaining time for an open candle to be closed.Also recommended: smooth candle s - similar indicator with strong performance on MetaTrader 4.
Features
- Changeable color and size.
- Changeable location (corners).
- Display server time (on or off) [v2].
- Play an alert sound when the candle is going to close [v3].
- Clean code.
Screen Shots
The indicator will be shown as follows in the weekly time frame:
The indicator will be shown as follows in the top-left location:
Usability Tips
You can change the location of display time by setting the location input field as follows:
- Set location 'top-left': to be displayed in the top-left part of the chart.
- Set location 'top-right': to be displayed in the top-right part of the chart.
- Set location 'bottom-left': to be displayed in the bottom-left part of the chart.
- Set location 'bottom-right': to be displayed in the bottom-right part of the chart.
You can turn server time displaying on or off by setting displayservertime as follows: [v2]
- Set 'on': display server time.
- Set 'off': don't display server time.
You can turn alert sound playing on or off by setting playalert as follows: [v3]
- Set 'on': play a sound when candle is going to close in less than 5 seconds.
- Set 'off': don't play sound.
You can also set your favorite sound as alert by entering its name on customalertsound: [v3]
Note that the file must be located in the terminal directory\sounds or its sub-directory. Only wav files are played.
If you leave the field empty, the default sound will be played.
Change Log
- Display candle closing time remaining. [v1]
- Adding an input field to display server time. [v2]
- Play an alert sound when the candle is going to close. [v3]
- Change input types to readable strings. [v3]
- Shorten the name of the indicator in comments area. [v3]
MetaTrader 5
You may also like: candle stop indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property copyright "robotfx"
#property version "3.0"
#property indicator_chart_window
enum lctn
{
l1=0, // top-left
l2=1, // top-right
l3=2, // bottom-left
l4=3,// bottom-right.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.