Real author:

mladen

The indicator is a second-by-second candle timer not dependent on incoming ticks.

The indicator has three functions:

1. The indicator will count-down the remaining candle time.
2. At the open of a new candle the indicator has option to fire alert.
3. If a candle open is late the indicator will count-up the late time until a candle is opened.

Scalpers and short term traders require greater precision and attention with regards timing of opening and closing positions. Candle Timers assist these objectives.

Added to original code:

1. Convereted from MetaTrader 5 to MetaTrader 4.
2. New candle alert.
3. Label alert mode color. Off(green), On(pink), Sound only(blue)
   
4. Font bold option.

Tested on Broker Server times GMT +0, +1, +2 and -5;

Note: A number of candle timers were run simultaneously for comparison. No candle timer indicator conflicts were found. However, if erratic operation is experienced remove all other candle timers.

Recommendation:

• For initial testing sync PC Internet Time.
• If required, use search engine for instruction.