Get This Handy Candlestick Timer for Metatrader 4 (MT4)

Candlestick Timer for MT4

Are you looking for a bar or candlestick timer for MetaTrader 4? An indicator to count down the time until the next candle or bar? Then you’re in luck. I’ve found a pretty cool candlestick timer to share with you guys.

The timing of your candles or bars can be an invaluable tool, especially in day trading, and even more so if you happen to be a scalper. I’m not sure why MetaQuotes (creators of MT4) didn’t include this feature in their MetaTrader 4 platform, but luckily for us there are some talented programmers that are willing to share their work with the MT4 community.

As some of you may know, I use a countdown timer in my own trading. In the past, I used a premium indicator for this feature. I switched to the CCTR (Candle Closing Time Remaining) indicator a couple of years ago, and I haven’t looked back.

This is one indicator that I can’t trade without. I use this indicator daily with my main trading system, along with a trading sessions indicator, a true MACD indicator, and a break even Expert Advisor.

How to Use This MT4 Candlestick Timer Indicator

MT4 Candlestick Timer Positions

In the picture above, I’ve marked the candlestick timer positions (0-4). Under the “Inputs” tab of this indicator, change the “location” variable to these numbers to place the timer in its corresponding position.

Location 0 – Put the name of the indicator and a small version of the timer in the upper-left corner.

Location 1 – Put the candlestick timer in the upper-right corner.

Location 2 – Put the timer in the lower-left corner.

Location 3 – Put the timer in the lower-right corner.

Location 4 – Put the timer in the upper-left corner.

I personally use location value 3 (lower-right corner). That way, when I use an Expert Advisor, the two aren’t fighting for space in the upper-right corner.

Candlestick Timer MetaTrader 4 Settings

You can display your broker’s server time with this indicator by turning the “displayServerTime” function on. By default, this function is turned off (0). Set the value to 1 to turn this function on.

You can also change the font size of the clock as well as the color. The default font size and color are 9 and silver respectively. I use 12 and black on my own charts (see the image above).

Installation Instructions:

  1. Download and extract the Candle Closing Time Remaining indicator.
  2. Move it to your “Indicators” folder (MetaTrader 4 > MQL4 > Indicators).
  3. Start or restart MT4.
  4. Open your “Navigator” window, if it’s not already open (Ctrl+N).
  5. Drag the Candle Closing Time Remaining indicator onto your chart.
  6. Adjust the settings and colors, if needed, and hit the “OK” button.

There are other MT4 candlestick timers (or bar timers) out there, but I prefer this one. Once you get used to using a candlestick timer, you will probably also wonder why MetaQuotes did not include something like this in the default platform. I use this indicator every day that I trade, so I hope you find this candlestick timer for MetaTrader 4 as useful as I have.

48 thoughts on “Get This Handy Candlestick Timer for Metatrader 4 (MT4)”

  1. Wonder if anyone can pls comment. I tried to install this useful little utility into as many directories as appeared obvious and it shows ok in the custom indicators listing. However when I drag it into a chart nothing happens and no popup box appears. Also if I reboot MT4 there is no sign of time for the candle anywhere to be seen. Something not quite right and any suggestions are appreciated. Thanks

    Reply
    • Unfortunately, none of these indicators are working in any of the 600+ builds of Metatrader 4. They did not make their software backward compatible. If you’ve got a newer version of Metatrader 4 or you’ve updated, that may be your problem. I’ve got to go out and see if anyone has updated these old indicators with newer, compatible code.

      Edit: The new indicator that I uploaded to this page works fine.

      Reply
  2. Yes I have and it is crap. They are marketeers, not really interested in their students’ performance. Dig a bit more and you will find out. No need for me to say anymore.

    Reply
    • I’m sorry you had a bad experience with DTFL. My experience has been completely different. I would not recommend it if it wasn’t working for me.

      Reply
  3. Chris, just came across your website today as I was looking for a candlestick countdown timer. I installed the one you recommended from this post. Works great! Thanks for sharing.

    Reply
    • Hey, Matt, thanks for the comment. I’ve had and candlestick timer on all of my Forex charts since early 2012. It’s really useful to have. I’m glad you found this useful too.

      Reply
    • I’m not sure what to tell you, Ryan. It’s a zip file. I just downloaded and extracted the file again to check. It works fine.

      Reply
  4. Hi,
    Just coming across this indicator and have installed. It really solved one of my greatest challenge as my strategy requires accurate timing of when my broker adds new bar. Thank you for this

    Reply
  5. HI Chris
    This is a great tool but i cant get it to work on custom time frame charts IE: 6 hour, 8 hour etc.
    Once i load the indicator on it gives me the correct time to candle change but doesn’t countdown. Can this be fixed?

    Reply
    • Sorry for the late response. This indicator always worked on my custom charts, but I haven’t used this timer in a couple of months because I’ve been testing a new platform. It’s been even longer since I’ve created any custom charts. I’ll have to check on this when the market re-opens.

      Reply
  6. This indicator is excellent. If you have trouble installing it, simply create a new (blank) indicator and cut and paste this one in. Then it works regardless of what version you have.

    Reply
    • Thanks for the idea, Andrew. I haven’t used this in a couple of months because I’ve been testing a new trading platform. I’ll have to wait until later today or Monday to see if this is still working for me or not.

      Reply
  7. hello chris.i need this indicator into mtf candle timer.for example h1 candle with remaining time on 5 minute chart.also shows pips move of mtf candle.thanks

    Reply
    • I didn’t create or even edit this candlestick timer indicator. I simply uploaded it to my site because I found it useful and I personally use it. You’ll have to look elsewhere for that.

      Reply
  8. This is simply marvelous! Could you add the spread feature of the security? That wold be great! Thank you so much.

    Reply
    • I didn’t program this indicator myself. I just shared it with my readers. I can’t add any features to it. I’m glad you found this useful, though. Thanks for reading.

      Reply
    • You’re mistaken, Marcus. It’s an mq4 file and it will create an ex4 when you install it. It most definitely can run in MT4.

      Reply
  9. Hi Chris and thanks for sharing this indicator. Is there an easy way (for a beginner like myself) to set a sound alert everytime the counter goes to 0 in MT4?

    Reply
    • You’d have to get someone to program a sound alert in for you. That’s more than I know how to do. You might try the Forex Factory. You could probably find someone there that would do it for free, but there’s no telling how long that would take. Alternatively, you might even hire a freelance programmer at Upwork or another similar site.

      Reply
  10. Hello
    Nah, I don’t like this candlestick timer, it lags, meaning it doesn’t countdown very accurately, it’ll count, then freezes, then suddenly few seconds later starts counting down again

    Reply
    • It updates when you’re broker updates. It’s based on the incoming information from your broker’s feed to your MT4 charts. The time it displays immediately after an update is accurate. If your broker is actually only updating their charts every few seconds, you should get a better broker. During slow periods, that could be excused every now and then.

      Reply
  11. Hi,
    This looks very useful, thank you for the upload. I have been having issues with trying to time my trades before the end of the candle so Im looking forward to trying this out. Installed easily enough. Just a quick question – Im installing this over the weekend and markets are closed, but my day chart countdown reads 00:00:02 – I assume this is just because of the last update from the broker, but I think Monday will be the day to see whether this works correctly. What do you think? Thanks, Matthew

    Reply
    • Hey Matthew,

      I’m glad you found this indicator useful. I use it all the time. You’re correct: The candlestick timer will update when the market starts sending ticks again. I’m sure you’ve already figured that out, though. Good luck!

      Reply
  12. Thanks Chris I have just installed it in my chart now I can see it said market closed because today is a Sunday I hope it will work well when market opens later in the day.

    Reply

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