Introduction to the Candle Time End and Spread Indicator
Indholdsfortegnelse
Scalping is not that difficult. What makes scalping seemingly more difficult is that traders often trade not taking into consideration the cost of trading which is the spread.
This Candle Time End and Spread indicator can help scalpers time their trades correctly and asses the spreads effectively.
What is the Candle Time End and Spread Indicator?
Ligesom navnet antyder, the Candle Time End and Spread indicator is a custom technical indicator that displays the time remaining until the current candle will end, as well as the spread for currency pair, handelsvare, indeks, or other tradeable instrument you are trading.
How the Candle Time End and Spread Indicator Works?
The Candle Time End and Spread indicator measures the difference between the current time and the time the next candle would begin. It then displays that time difference on the lower right of the chart indicated as “Next Bar in”.
This indicator also computes for the spread, which is basically the difference between the bid and the ask price. It does this by subtracting the broker’s bid price and the ask price. This difference is displayed in Points, which is how MT4 measures price differences. The difference is also displayed on the lower right corner of the chart labeled as “Spread:".
Traders can also modify the color of the text on the Clock Color variable under the Inputs tab of the Indicator Settings. The placement of the text can also be shifted to the upper right corner by changing the Corner variable to 1.
How to Use the Candle Time End and Spread Indicator for MT4
The Candle Time End information is useful for traders who need the close of a candle to confirm their trade setups. This include trade setups based on reversal candlestick patterns, as well as momentum breakouts and reversals. This information is applicable across all timeframes.
The Spread indication however becomes more useful for traders trading on shorter trade durations for smaller price movements. This information is vital for scalpers trading on the lower timeframes such as the 5-minute and 1-minute charts, and even for day traders trading on the 15-minute to 1-hour charts.
Using this information, traders should trade only when the trade setup is valid on the close of the candle, and if the potential profit is still very high even with the spread incorporated on the trade.
Note that you will be incurring spreads as you open and close a trade.
Køb Handel opsætning
Hvornår skal indtastes?
Identify a bullish trade setup such as a momentum breakout or candlestick reversal signal. Asses if the take profit target can cover the cost of the spread. Open the buy trade on the close of the candle. Indstil stoptabet på støtten under indgangslys.
Hvornår skal afsluttes?
Set the take profit target based on the trade setup and allow price to reach it.
Sælg Handel opsætning
Hvornår skal indtastes?
Identify a bearish trade setup such as a momentum breakdown or candlestick reversal signal. Asses if the take profit target can cover the cost of the spread. Open the sell trade on the close of the candle. Indstil stoptabet på modstanden over indgangslys.
Hvornår skal afsluttes?
Set the take profit target based on the trade setup and allow price to reach it.
Konklusion
This indicator is very useful for scalpers as scalpers need to know if their projected profit can cover the cost of trading based on the spread.
MT4-indikatorer – Download instruktioner
Candle Time End and Spread Indicator for MT4 is a Metatrader 4 (kr.) indikator, og essensen af denne tekniske indikator er at omdanne de akkumulerede.
Candle Time End and Spread Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Baseret på disse oplysninger, erhvervsdrivende kan påtage sig yderligere prisbevægelser og justere deres strategi i overensstemmelse hermed. Klik her for MT4 Strategier
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How to install Candle Time End and Spread Indicator for MT4.mq4?
- Download Candle Time End and Spread Indicator for MT4.mq4
- Copy Candle Time End and Spread Indicator for MT4.mq4 to your Metatrader Directory / Eksperter / Indikatorer /
- Start eller genstart din Metatrader 4 Klient
- Vælg figur og Tidsramme hvor du ønsker at teste dine MT4 indikatorer
- Søg “Brugerdefinerede indikatorer” i din Navigator, der for det meste er tilbage i din Metatrader 4 Klient
- Right click on Candle Time End and Spread Indicator for MT4.mq4
- Vedhæfte til et diagram
- Rediger indstillinger, eller tryk på ok
- Indicator Candle Time End and Spread Indicator for MT4.mq4 is available on your Chart
How to remove Candle Time End and Spread Indicator for MT4.mq4 from your Metatrader Chart?
- Vælg det diagram, hvor indikatoren kører i din Metatrader 4 Klient
- Højreklik i diagrammet
- “Liste over indikatorer”
- Vælg indikatoren, og slet
Indikator for afslutning og spredning af stearinlys for MT4 (Gratis download)
Klik her nedenfor for at downloade:
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