Author: Vasyl Gumenyak
The BarTimer indicator is a handy tool that displays the current time position relative to the start and end of a candlestick in MetaTrader 5. Not only does it show you where you stand within the bar, but it also gives you a percentage breakdown of the time elapsed since the bar's inception compared to its total duration.
This nifty indicator can be a game changer when it comes to making timely trading decisions.
For instance, you might consider opening a position when the price is within 20% of the candlestick's opening or after it reaches 80%. In the former scenario, you’d take into account the previous candlestick, while in the latter, you’d focus on the current one. It's often wise to stick to stricter guidelines when trading on longer time frames.
This indicator was initially published on MQL5 Code Base back on October 15, 2008.
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