Displaying Candle Close Countdown and Current Spread in MT5

Summary

This MetaTrader 5 chart indicator displays the time remaining until the current candle closes alongside the current bid-ask spread in points. The timer refreshes every second, so it continues to update even when no new tick arrives, and also refreshes when prices change. The label appears in a chart corner without drawing over price data, and each chart, symbol, and timeframe receives a distinct object name to avoid collisions between instances.

Users can adjust the label font, size, color, and pixel offsets from the chart corner. The description explains the display and its configuration, but provides no trading rule, performance evidence, or guidance for acting on countdown or spread readings. It is best understood as a visual monitoring aid; the spread value and candle timing do not by themselves indicate trade direction or expected profitability.

Key ideas

• The indicator places a text label showing candle-close time and spread in points.
• It refreshes once per second and on incoming price calculations.
• The label does not plot over the chart's price series.
• Font appearance and corner offsets can be configured.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.