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What this indicator does
Clock (Spread).mq5 is a MetaTrader 5 chart indicator that displays a small text label in the corner of the chart showing:
- Countdown timer until the current candle closes (in HH:MM:SS or MM:SS format, depending on timeframe)
- Current spread (Ask − Bid, in points), shown in parentheses next to the timer
It updates every second via a timer ( EventSetTimer(1) ), so the countdown keeps ticking smoothly even when the market is closed or there's no new price tick. It also refreshes on every new tick ( OnCalculate ).
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Example display: < 04:32 (12) — meaning 4 minutes 32 seconds left until candle close, spread is 12 points.
The indicator draws nothing on the price chart itself ( indicator_plots 0 ); it just places a text label object ( OBJ_LABEL ) in the corner, and it's built to run safely on many charts at once (it builds a unique object name per chart/symbol/timeframe so instances don't collide).
Inputs
Visual settings:
| Input | Default | Description |
|---|---|---|
| InpFontName | "Trebuchet MS" | Font used for the label text |
| InpFontSize | 12 | Font size |
| InpFontColor | Aqua | Text color, chosen from a dropdown (Aqua, Navy, Teal, Maroon, Lime, Salmon, White, Yellow) |
Positioning settings:
| Input | Default | Description |
|---|---|---|
| InpXDistance | 20 | Horizontal offset (pixels) from the top-left corner of the chart |
| InpYDistance | 20 | Vertical offset (pixels) from the top-left corner of the chart |
| InpObjPrefix | "CLK_" | Prefix used to build a unique internal object name, avoiding conflicts when the indicator runs on multiple charts simultaneously |
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