B-Clock Indicator

For many traders, time may not appear to be a crucial data point. Most traders would prefer to have information about price changes as well as predictions about where prices might go next. However, market timing is also important because it ensures that the trade signals they rely on are still valid at the close of the candle. The B Clock Modified Indicator is a trading tool that can help traders time their trades to the second.

What is the B-Clock Indicator?

B Clock Modified Indicator is a straightforward time-based technical indicator. It simply displays the time remaining before a candle closes in the upper left corner of the price chart. On the upper right edge of the price chart, it also shows the remaining time in minutes. Because the B Clock Modified Indicator only displays time in minutes, the remaining time is greater when used on higher timeframes. It also shows a “<” sign to indicate that the remaining time is less than what is shown.

Setting up the B-Clock Indicator
Setting up the B-Clock Indicator

B-Clock Strategy

The B Clock Modified Indicator uses a straightforward algorithm to retrieve time data from the broker’s server. The time feed is then subtracted from the open time of the next candle. The time remaining until the current candle closes would be the result. The B Clock Modified Indicator has no settings that can be changed. This is because the indicator is very simple, and nothing within its algorithm needs to be changed.

Scalpers and day traders can benefit from using the B Clock Modified Indicator, particularly on lower time frames. This is due to the fact that most scalpers and day traders rely heavily on market timing. If the price moves erratically, the trade signals they use can be nullified in seconds. This is common for trade signals based on price action and reversal candlestick patterns. However, this is also common for trade signals based on technical indicators. This is due to the fact that most technical indicators repaint, especially if their algorithm runs in real time rather than at candle close. Scalpers and day traders can enter trades based on their identified trade setups and strategies as soon as the B Clock Modified Indicator indicates that there are only a few seconds until the candle closes. It is safe to assume that when there are only a few seconds remaining, the trade signal identified for scalping or day trading is more likely to remain and not be nullified.

Buy Signal

This could be your checklist for a buy trade:

  • When the timer’s information corresponds with your strategy for a long trade.

Once this event occurs:

  • You could open a buy position based on your strategy after you confirm your entry with bullish candlestick patterns.
  • You could set your stop loss just below the nearest swing low.
  • You could set your take profit at the nearest resistance zone, or you could exit trade based on your strategy’s exit plan.
  • For good risk management, I would only consider trades with a risk to reward ratio of at least 1:2.
B-Clock Indicator Buy Setup
B-Clock Indicator Buy Setup

Sell Signal

This could be your checklist for a sell trade:

  • When the timer’s information corresponds with your strategy for a short trade.

Once this event occurs:

  • You could open a sell position based on your strategy after you confirm your entry with bearish candlestick patterns.
  • You could set your stop loss just above the nearest swing high.
  • You could set your take profit at the nearest support zone, or you could exit trade based on your strategy’s exit plan.
  • For good risk management, I would only consider trades with a risk to reward ratio of at least 1:2.
B-Clock Indicator Sell Setup
B-Clock Indicator Sell Setup

B-Clock Pros & Cons

Pros

  • The modified B-Clock indication for MetaTrader is a candlestick timer indicator that displays the amount of time until the current price of a candlestick closes. This indicator may be useful for new traders who are unsure how long they must wait until the current candlestick closes.
  • This indicator was developed to assist investors in saving even more time. If you use the MetaTrader 4 clock indicator, you won’t have to keep an eye on the price movement all day because the modified B-Clock indicator predicts when a new closed candle will appear.

Cons

  • The B-Clock Indicator do not give signals based on chart analysis, hence the trader ought to have a strategy already.
  • This indicator may require knowledge of price action by the traders in order for them to be able to carry out their technical analysis.

Conclusion

The B Clock Modified Indicator is not a technical indicator that generates trade signals or other important technical indicators like trend or momentum direction or reversals, as well as overbought and oversold price levels. It also does not distinguish levels of support and resistance. However, the information it provides is extremely useful for traders, particularly scalpers and day traders, because it can help them time their trades near the close of a candle and ensure that the trade signal they are relying on has not been nullified by recent price movements.

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