Candle Countdown Indicator for MT4 & MT5

The PipVero Candle Countdown Indicator displays the exact time remaining before the current candle closes directly on your trading chart.
It helps traders monitor candle completion without manually calculating time, making it easier to wait for candle confirmation and manage trade timing.
The indicator supports MetaTrader 4 and MetaTrader 5 and uses the broker’s server time for accurate countdown calculations.

- Real-time candle closing countdown
- Compatible with MetaTrader 4 and MetaTrader 5
- Customizable panel position and size
- Adjustable font name and font size
- Custom text, background and border colors
- Optional transparent background
- Displays the current symbol and timeframe
- Three countdown display formats
- Warning color during the final seconds
- Optional blinking countdown
- Optional popup alert when a new candle opens
- Optional sound notification
- Supports all standard chart timeframes
- PipVero.com branding
- Diagnostic logs for easier troubleshooting

The indicator does not generate buy or sell signals. It is a chart utility designed to help traders monitor candle timing more efficiently.

*Installing on MetaTrader 4*
- Download the MetaTrader 4 version of the indicator.
- Open MetaTrader 4.
- Select *File → Open Data Folder*.
- Open the `MQL4` folder.
- Open the `Indicators` folder.
- Copy `PipVero_Candle_Countdown_MT4.mq4` into this folder.
- Open the file in MetaEditor.
- Press `F7` to compile the indicator.
- Return to MetaTrader 4.
- Open the Navigator panel and right-click *Indicators*.
- Select *Refresh*.
- Drag the PipVero Candle Countdown Indicator onto your chart.

*Installing on MetaTrader 5*
- Download the MetaTrader 5 version of the indicator.
- Open MetaTrader 5.
- Select *File → Open Data Folder*.
- Open the `MQL5` folder.
- Open the `Indicators` folder.
- Copy `PipVero_Candle_Countdown_MT5.mq5` into this folder.
- Open the file in MetaEditor.
- Press `F7` to compile the indicator.
- Return to MetaTrader 5.
- Refresh the Indicators section in the Navigator panel.
- Drag the indicator onto your chart.

*Main Settings*
- `PanelCorner`: Select the chart corner where the countdown appears.
- `HorizontalOffset`: Adjust the horizontal distance from the chart edge.
- `VerticalOffset`: Adjust the vertical distance from the chart edge.
- `PanelWidth`: Change the panel width.
- `PanelHeight`: Change the panel height.
- `FontName`: Select the countdown font.
- `FontSize`: Adjust the text size.
- `TextColor`: Select the normal countdown color.
- `WarningTextColor`: Select the final-seconds warning color.
- `PanelBackgroundColor`: Change the panel background color.
- `PanelBorderColor`: Change the panel border color.
- `TransparentBackground`: Remove the panel background.
- `ShowBrand`: Show or hide PipVero.com.
- `ShowSymbolAndTimeframe`: Show or hide the symbol and timeframe.
- `CountdownLabel`: Change the text displayed before the timer.
- `TimeFormat`: Select the countdown display format.
- `WarningSeconds`: Set when the warning color should activate.
- `BlinkInWarningZone`: Enable or disable blinking during the final seconds.
- `EnablePopupAlert`: Show an alert when a new candle opens.
- `EnableSoundAlert`: Play a sound when a new candle opens.
- `EnableDebugLog`: Enable diagnostic messages in the MetaTrader Experts tab.

*Troubleshooting*
If the indicator does not appear:
- Confirm that the correct MT4 or MT5 version was installed.
- Compile the source file in MetaEditor and check the Errors tab.
- Make sure the indicator is inside the correct `Indicators` folder.
- Refresh the Navigator panel.
- Open the MetaTrader *Experts* and *Journal* tabs to view diagnostic messages.
- Confirm that the chart has received current market data.
- Remove the indicator from the chart and attach it again.

The countdown is calculated using the broker’s server time. When the market is closed or no new market data is available, the timer may remain at zero until the next candle begins.