A candle is not a fact until it is closed
Every trader knows the moment. The candle is pushing through the level, the setup is there, and you enter. Then the candle closes, back inside the range, and what looked like a breakout is a wick.
Nothing was wrong with the read. The entry came before the candle was finished. A candle is not a fact until it is closed, and the chart does not show how long that will take. So you guess, and under pressure the guess is always "now".
I wanted that guess off my screen. The Algorex Candle Timer counts down to the close of the current candle, in gold while the candle runs and in red shortly before it ends. The same countdown can sit right next to the live candle, where your eyes already are.
The question after "when" is "how much is left in the day". So the panel also shows today's range against the average daily range, the spread, the ATR of the chart, New York and local time, and the session that is open.
It does not find trades. It removes one excuse.
Free for TradingView, MetaTrader 5 and MetaTrader 4.
