Summary of "📊Candle Time and Spread Indicator for MT4/5 – Free - Tradingfinder"

Candle Time and Spread Indicator

The video introduces the Candle Time and Spread Indicator, a free technical analysis tool available for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. It can be downloaded from the Trading Finder website. This indicator is designed primarily for price action traders and those focused on technical analysis, providing two key pieces of information:

Current spread of the trading symbol (important for understanding transaction costs and market liquidity).
Remaining time until the current candle closes (useful for timing entries and exits based on candle completion).

Features and Functionality

The indicator appears as a panel on the chart, which can be positioned in one of four locations:
- Left upper
- Right upper
- Left lower
- Right lower (demonstrated choice)
Users can customize the label color to improve visibility against different chart backgrounds.
The panel dynamically updates to show spread and candle time for the selected timeframe.
Supports easy switching between different timeframes, allowing traders to monitor spread and candle timing across multiple intervals.

Usage Context

This indicator is useful for traders who want to:

Manage spread risk and time trades around candle closes.
Improve risk management by providing real-time spread data, which can affect trade profitability.
Enhance precision in technical setups by aligning trades with candle close timings.

Methodology / Setup Steps

Download the indicator file from the Trading Finder website for MT4 or MT5.
Load the indicator via the Navigator panel by dragging it onto the desired chart.
Customize label color and panel position in the indicator’s input settings.
Monitor the spread and candle time panel during trading sessions.
Switch timeframes as needed to assess spread and candle timing across intervals.