The B Clock MT4 indicator is a countdown timer displayed on the price chart to display the time remaining for a candlestick to close. The indicator continuously displays the remaining time and resets upon the formation of a new candlestick. Scalpers and forex news traders will find this indicator most suitable and beneficial.
Features of B Clock MT4 Indicator
The indicator stays continuously besides the current candlestick with a countdown timer based on the chart time frame. Additionally, it mentions the remaining time in the left top chart corner or the comments area. For instance the timer starts counting down from 1 min in a minute chart and starts from 240 minutes in a H4 price chart.
The indicator works well in all intraday price charts as well as the daily, weekly and monthly charts. Moreover, it does not provide any custom input settings except the possibility to change the color of timer.
Traders looking for scalping the markets enter or exit upon the opening of a new candle. Additionally, traders scalping the markets using the higher high and higher low HHHL trading strategy can use this indicator to time the exit.
Forex news traders can exactly time the news release and enter the market at optimum timing. This indicator has a clear display and does not overlap the charts or confuse the traders.
Benefits of B Clock MT4 Indicator
The indicator does not provide technical analysis or buy or sell forex trading signals. But, it helps traders to understand the remaining time left for the candle closing.
Forex scalpers benefit the most from this indicator as most scalping strategies take formation of new candlestick into consideration. Additionally, traders looking to capitalize the trading opportunities of economic news releases will benefit.
Indicator Settings Description
ClockColor: Text color of the timer.