The Bar Timer Indicator is a useful and popular free tool for Forex traders. It is available for use on the MetaTrader 4 (MT4) platform, and is designed to help traders quickly and easily identify the opening and closing of a bar. This allows traders to make more informed decisions when trading, and helps them to better manage their risk. The Bar Timer Indicator works by displaying a timer on the chart that will count down the time remaining until the current bar closes. The timer is displayed in the lower left corner of the chart, and it updates in real time as the bar progresses. This allows traders to easily monitor the progress of the bar and take action accordingly. In addition to displaying the time remaining until the bar closes, the Bar Timer Indicator also displays the time remaining until the next bar opens. This allows traders to better plan their trades and helps them to better manage their risk. Overall, the Bar Timer Indicator is a useful and popular tool for Forex traders. It is free to use on the MT4 platform and is designed to help traders quickly and easily identify the opening and closing of a bar.
The Bar Timer Indicator is a free and popular Forex indicator for MetaTrader 4 (MT4) that can be used to monitor the opening and closing times of the different Forex markets around the world. The indicator displays the opening and closing times of all the major Forex markets in the world, including the London, New York, Tokyo and Sydney markets. It also shows the current time and the time left before the next market opens or closes. The indicator is easy to use and can be set up to display the time in the user’s local time zone.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.