Simple timer next candle
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Simple timer 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.
Description & Settings
A non-invasive candle time that can be positioned next to price or near a corner.
Color, font, size and align (anchor) freely customizable.
Input parameters:
color lblColor=C'00,66,99'; // Color of the label
int fontSize=8; // Size of the label font
ENUM_ANCHOR_POINT pAnchor = ANCHOR_LEFT_LOWER; // Anchor of the label a sort of align
bool nextToPriceOrAnchor = true; // Position near the price close or to Corner
ENUM_BASE_CORNER pCorner = CORNER_LEFT_LOWER; // Corner position of the label
string fontFamily = "Tahoma"; // Font family of the label
