Introduction to the B Clock Modified Indicator
Time might not seem as a very important data for many traders. Most traders would prefer having information regarding price movements as well as indications of where price might move next. However, market timing can also be very crucial because it ensures that the trade signals they are relying on still stands at the close of the candle. The B Clock Modified Indicator is an indicator which can help traders time their trades up to the last second.
What is the B Clock Modified Indicator?
The B Clock Modified Indicator is a simple time-based technical indicator. It simply plots the remaining time before a candle closes on the upper left corner of the price chart.
It also displays another remaining time in minutes on the upper right edge of the price chart. The remaining time is higher when used on the higher timeframes since the B Clock Modified Indicator only displays time in minutes. It also displays a “<” sign indicating that the remaining time is lesser than what is displayed.
How the B Clock Modified Indicator Works?
The B Clock Modified Indicator has a very simple algorithm which retrieves the time data from the broker’s server. It then subtracts the time feed from the open time of the next candle. The result would be the remaining time until the current candle closes.
How to use the B Clock Modified Indicator for MT4
The B Clock Modified Indicator has no modifiable settings. This is because the indicator is very simple and nothing has to be tweaked within its algorithm.
The B Clock Modified Indicator can be used by scalpers and day traders especially on the lower time frames. This is because most scalpers and day traders rely heavily on market timing. The trade signals that they use can be nullified within seconds if price is moving erratically. This usually happens for trade signals that are based on price action and reversal candlestick patterns. However, this also commonly happens for trade signals which are based on technical indicators. This is because most technical indicators repaint especially if its algorithm runs real time and not at candle close.
Scalpers and day traders can open their trades based on their identified trade setups and based on the strategies they are using as soon as the B Clock Modified Indicator is showing that there are only a few seconds left before the candle closes. It is safe to assume that at a point when the time remaining is just a few seconds left, the trade signal identified for scalping or day trading is more likely to remain and not get nullified.
Conclusion
The B Clock Modified Indicator is not a technical indicator which produces trade signals or other relevant technical indications such as trend or momentum direction or reversals, as well as overbought and oversold price levels. It also does not identify support and resistance levels. However, the information that it provides is very useful for traders, especially scalpers and day traders, as it can help them time their trades near the close of a candle and ensure that the trade signal they are basing on was not nullified by the most recent price movements.
MT4 Indicators – Download Instructions
B Clock Modified Indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.
B Clock Modified Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
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How to install B Clock Modified Indicator for MT4.mq4?
- Download B Clock Modified Indicator for MT4.mq4
- Copy B Clock Modified Indicator for MT4.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 4 Client
- Select Chart and Timeframe where you want to test your MT4 indicators
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
- Right click on B Clock Modified Indicator for MT4.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator B Clock Modified Indicator for MT4.mq4 is available on your Chart
How to remove B Clock Modified Indicator for MT4.mq4 from your Metatrader Chart?
- Select the Chart where is the Indicator running in your Metatrader 4 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
B Clock Modified Indicator for MT4 (Free Download)
Click here below to download:
