This is a simple indicator which displays the candle time. This indicator helps a lot when you the charts for a long time and feel lost. It is important to keep track of time because the price action is more volatile during certain time of the day. Therefore it is important to be in the market at the right time. This will give you more profit.
EJ Candle Time MT4 Indicator is one of my favorite indicators, it’s simple and very useful if you know how to use them. If you are chart freak like me, you are notice that price usually make the biggest movement at the beginning and at the end life of candlestick. So if you watch H1 candlestick price will make most of pips in first 15 minutes and at the end 45-60. The best thing is use it in your scalping strategy, in case that you are scalper too. I like to watch candle time indicator in my intraday and scalping trades.