Total TP SL and Timer Indicator MT4
- Indicators
- Muhammad Usman Siddique
- Version: 1.0
The UzFx-Total TP'SL & Timer-MT4 indicator is designed to provide real-time tracking of total Take Profit (TP) and Stop Loss (SL) values across all open and pending trades. Additionally, it includes a candle countdown timer to indicate the remaining time for the current candle to close.
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Key Features:
✅ Total TP & SL Calculation: Automatically calculates the total expected profit and loss from all active trades and pending orders.
✅ Candle Timer: Displays the remaining time for the current candle to close, helping traders manage entries and exits efficiently.
✅ Customizable Display: Users can configure text colors, font size, and positioning for better visibility.
✅ Real-time Updates: The indicator dynamically updates the displayed values only when necessary, optimizing performance.
✅ Non-Intrusive Interface: Simple and lightweight design that does not clutter the chart.
How It Works:
🔹 The indicator continuously scans open positions and pending orders to determine the total TP and SL values.
🔹 A candle timer is updated in real-time to show the time left for the current candle to close.
🔹 The information is displayed as text labels on the chart, which can be customized in terms of size, color, and position.
User Inputs:
- TP & SL Colors – Choose colors for Take Profit and Stop Loss display.
- Timer Color – Customize the candle timer text color.
- Text Size & Positioning – Adjust font size and placement on the chart.
- Offsets – Modify X and Y offsets for optimal positioning.
Use Case:
✔️ Ideal for traders who want a quick overview of their risk and reward levels without checking each order manually.
✔️ Suitable for scalpers and day traders who rely on candle closing times for precise trade execution.
✔️ Enhances risk management by keeping an eye on potential profit and loss levels at a glance.
Installation & Usage:
- Download & Install the indicator in the MT4 Indicators folder.
- Attach it to your chart.
- Customize display settings as needed.
- Monitor total TP, SL, and candle countdown directly on your chart.
Version: 1.00
Year: 2025
Website: https://www.mql5.com/en/users/forextycoons