Bar Timer Indicator for MT4/MT5
Info
The Bar Timer Indicator for MT4/MT5 is a Indicator for MetaTrader 5 that the bar timer displays the current time position within a bar, showing the time elapsed since the bar's beginning and its duration as a percentage. This informer is useful for timing trade decisions.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Bar Timer Indicator for MT4/MT5
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
The Bar Timer displays the current time position within a bar, showing the time elapsed since the bar's beginning and its duration as a percentage.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Previous Day High, Low, and Close Indicator - another powerful indicator for MetaTrader 5 traders.
The Bar Timer displays the current time position within a bar, showing the time elapsed since the bar's beginning and its duration as a percentage.Also recommended: Quantora ADR Calculator MT5 - Professional Average Daily Range Indicator for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.
This informer is useful for timing trade decisions. For instance, you can choose to open positions within the first 20% of a bar's duration, considering the previous bar's momentum, or within the last 20%, focusing on the current bar's development. Stricter adherence to these constraints is recommended for longer timeframes.
This indicator was first published on 15.10.2026.
You may also like: Quantora Candle Countdown MT5: Professional Real-Time Candle Timer - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.0"
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_plots 1
input enum_base_corner corner=corner_left_lower; // location corner
input string fonttype="arial"; // font type
input int fontsize=14; // font size
input color fontcolor=red; // text color.......
⚠ 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.