Key Features
1. Flexible Display Modes:
- Commentary: The countdown appears right in the top left corner of your chart.
- Chart Edges: You can position the stopwatch in any corner of the chart, keeping it in a fixed view.
- Near Price: The stopwatch dynamically follows the price in real-time, ensuring it’s always visible close to the market action.
2. Time Zone Compatibility:
- Automatically adjusts to the Brasilia time zone (UTC-3), with automatic updates for daylight saving time (DST).
3. Smart Countdown:
- Calculates the time remaining until the next candlestick when the market is open.
- Calculates the time remaining until the next market open when closed, with adjustments for weekdays and weekends.
4. Full Customisation:
- Choose the color, font size, and anchor point of the text to suit your style.
- Set your preferred market opening and closing times.
5. Intuitive Interface:
- Simple and well-documented input parameters make setup a breeze.
How to Set Up
1. Installation:
- Download the Countdown.mq5 file and place it in the Indicators folder of your MetaTrader 5.
- Restart the terminal and add the indicator to your desired chart.
2. Input Parameters:
- Timer Position: Pick between "Commentary", "Chart Borders", or "Next to Price".
- Text Colour: Customize the timer color for better visibility.
- Font Size: Adjust the text size to your liking.
- Opening and Closing Times: Input your market's hours in HH:MM format (e.g. 09:00).
3. Usage:
- When the market is open, the indicator shows the countdown until the next candlestick.
- When the market is closed, it displays the time remaining until the next open.
Benefits
- Accuracy: Provides precise countdowns, considering time zones and automatic adjustments.
- Versatility: Works seamlessly across any timeframe and financial asset.
- Ease of Use: The user-friendly interface and clear parameters allow for quick setup.
- Dynamic Visualization: The "Near Price" mode ensures the timer is always in sync with market action.
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