Remaining Time Indicator
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The Remaining Time Indicator displays the time until switching from the current bar to the next bar, and price movements in the current bar. Additionally, it can display information for specific timeframes regardless of the chart's timeframe, which can be useful for understanding trading timing.
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Usage scenarios
For trading at new candlestick timing
Since large price movements tend to occur near the end of bars, understanding the remaining time in the current bar makes it easier to implement trading strategies targeting breakouts. Additionally, it can be used to organize existing positions before such price movements occur.
Understanding general trends from higher timeframe price movements
By checking the day's movements or movements in longer timeframes, it's possible to understand the general trend of the day. For example, you might determine an upward trend if the price has risen significantly on daily or weekly timeframes, or a range-bound market if there isn't much movement, and use this along with short-term technical indicators for trading decisions.
Understand the range of sharp drops/rises to set the TP line
The Remaining Time Indicator allows you to accurately understand price movements in the current bar in pips. Based on these numbers, you can use it to set TP or SL lines when, for example, trading the rebound after large price movements from economic indicator releases.
The characteristic of the Remaining Time Indicator is that you can quickly check current bar information all at once, such as time until bar changes and price movements. If you want to constantly monitor bar change timing and the range of price movements, please make use of this tool.
How to install
To use the Remaining Time Indicator, follow the steps below to download and install it.
Step 1
Click the button below to download the indicator for MT4/MT5.
Step 2
Click File > Open Data Folder in the top menu of MT4/MT5.
Step 3
In the data folder, double-click the MQL4 or MQL5 folder.
Step 4
In the MQL4/MQL5 folder, double-click the Indicators folder.
Step 5
Save the Remaining Time Indicator in the Indicators folder.
Step 6
Go back to the MT4/MT5. Right-click Indicators in the Navigator, and click Refresh.
Step 7
In the Navigator, click the + icon next to Indicators. Find the Remaining Time Indicator, then either double-click it or drag it onto a chart.
Step 8
In the indicator settings window, customize the settings on the Inputs tab according to the How to set up page, then click OK.
Step 9
The Remaining Time Indicator is applied to the chart, and data will be displayed.
How to set up
Apply this indicator to the chart, then set the parameters according to your style.
Step 1
First, open the Inputs tab.
Step 2
Set the parameters as follows.
Select the position: Top-left, Bottom-left, Top-right, or Bottom-right.
Show/hide the elapsed time and remaining time of the current bar.
Show the price movement of the day in 'Pips' or 'Percentage', or 'Hide' it.
Show the price movement of the current candlestick in 'Pips' or 'Percentage', or 'Hide' it.
To display data in a different timeframe than the chart, specify it here. Otherwise, select ‘Hide’.
Show/hide the elapsed time and remaining time in the additional timeframe.
Show the price movement in the additional timeframe in 'Pips' or 'Percentage', or 'Hide' it.
Set the number of seconds before the new bar appears to trigger the alert. For example, setting 60 will notify you 60 seconds before the new bar starts.
Notifications will be disabled if set to 0 or below.
For the timeframe specified in ‘Additional information from a different timeframe,’ set the number of seconds before the new bar appears to trigger the alert. For example, setting 60 will notify you 60 seconds before the new bar starts.
Notifications will be disabled if set to 0 or below, or if the ‘Additional information from a different timeframe’ option is set to ‘Hide.’.
When set to ON, you'll receive popup notifications on MT4/MT5 for PC.
When set to ON, you'll receive popup notifications on the MT4/MT5 mobile app.
When set to ON, you'll receive email notifications.
Specify the color for the data panel on the chart.
Specify the font color for the data title, such as ‘Server time’ and ‘Elapsed time on the current candlestick’.
Specify the font color for the data, such as ‘00:50’ for ‘Elapsed time on the current candlestick’.
Specify the font. The default is set to ‘Meiryo (メイリオ)’.
If no tick data is received within the specified seconds, an error message will appear on the chart.
