You can use the candle-time indicator on your chart to see the remaining time for the current candle to be closed and also time left to the release of the news. In this strategy, what is important for us is the time of news release. One of the oldest forex strategies is news trading strategy. The use of Candle Time Indicator in fundamentals is also very common. Right after that candle, we can see a newly formed bullish pin bar. Before the last candle, we had a bearish pin bar which indicates the price is most likely to go down. Simply by running the Candle Time Indicator on your chart and activating the alarm, you can be informed of the closing time of the candle.īy looking at your chart you will also see How much time exactly is left until the closing of the candle. The Candle Timer Indicator For MT5 has been used to assess the condition of the candles in the EURUSD pair. you can facilitate the task by the Candle Time Indicator. It will be a little difficult for you if you want to constantly monitor the MetaTrader clock, because your main focus is on price and charts. Imagine you have a trading strategy based on a candlestick or a forex trading strategy based on time frames, you wait for the current candle to be closed, say, hourly and then you enter into a new trade. buy /sell signal it draws an arrow over/below the signal candle. The use of Candle Time indicator in technical analysis is more in some strategies and less in others. More than anything, the DeMARK Indicators Demark Trendlines MT5 Indicator provides for.
Candle Time Indicator is widely used in both technical analysis and fundamental analysis.
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