Trade Time Indicator for MT5

The Trade Time indicator is a simple MT5 indicator that indicates the direction of a trend. The indicator draws a rectangle on the candles depending on the time. Whatever timeframe the trader chooses, the indicator draws the corresponding field. Whenever there is a strong trend, the indicator draws a rectangle, and when the trend starts to fade, it draws another rectangle showing the end of the trend. The indicator works best on higher timeframes such, daily or weekly charts. Trade Time Indicator \ BUY/SELL signals The GBP/USD H4 chart above shows the BUY and SELL signals of the indicator. To identify BUY and SELL signals, traders need to look at how the indicator displays the fields. Usually the indicator draws rectangles at the beginning of a trend. In an uptrend, the indicator draws a rectangle on a bullish candle, and traders can open long positions. Conversely, the time to trade indicator draws rectangles on a bearish candle at the start of a trend. Here traders can open short positions. You can also use the indicator with other indicators such or MACD to further confirm the signal. Conclusion The Trade Time indicator is a time-based MT5 indicator that indicates the direction of a trend according to its start and end. In addition, you can download the indicator for free on our website.