spread and time until the next candle
Info
The spread and time until the next candle is a Indicator for MetaTrader 4 that after adding the indicator to the chart, two text labels will appear at the right bottom corner, which display the current spread and the amount of time left until the closure of the current bar. users can change the text color to the desired one by changing the parameters when attaching the indicator.
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 spread and time until the next candle
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
after adding the indicator to the chart, two text labels will appear at the right bottom corner, which display the current spread and the amount of time left until the closure of the current bar.
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: i market price 2.1 - real-time price information indicator - another powerful indicator for MetaTrader 4 traders.
Also recommended: spread indicator for pair trading - similar indicator with strong performance on MetaTrader 4.
after adding the indicator to the chart, two text labels will appear at the right bottom corner, which display the current spread and the amount of time left until the closure of the current bar.users can change the text color to the desired one by changing the parameters when attaching the indicator. coordinates of the labels can also be changed, but their values can only be within the chart. if it is necessary to display the labels at their standard location, set the numeric value of -1 instead of the coordinate values.
You may also like: bar timer - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property indicator_chart_window
input color color=clrblack;//text color
input int spread_x = -1; // x of spread lable
input int spread_y = -1; // y of spread lable
input int time_x = -1; // x of time lable
input int time_y = -1; // y of time lable
int oninit()
{
int height= chartgetinteger(0,chart_height_in_pixels,0);
int width = chartgetinteger(0,chart_width_in_pixels,0);.......
⚠ 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.