The difference between the opening time of the next candle and the current server time is then shown to the right of the diagram as the remaining time for the current candle before it closes. Then it calculates the difference between the projected opening time of the next candle and the current time on the broker’s server. It also picks up the time when the next candle will start. The Candle Timer indicator works by retrieving the time from the broker’s server. The candle timer indicator is a custom technical indicator that shows the remaining time before the current candle closes. This is why traders need to avoid trading when the candle is still far from closing, and the candle timer indicator can help us do this. However this kind of trading only works when the actual pattern is confirmed, and patterns are only confirmed when the candle closes. This is because the closing price confirms the direction of the market with the context of the other parts of price action, such as the highs, lows and openings. In fact, it is common for professional swing and positioning traders to discuss only the open and close price. Most professional traders give very high importance to the closing price in relation to the opening price.
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January 2023
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