The indicator shows the time (in hours:minutes:seconds) to the end of the current candle. The time is shown in the indicator label. The time is updated every second and disappears when candle is closed.
Please pay attention that the computer's clock must be synchronized! if the computer's clock has wrong date/time, the value shown by the indicator will be also wrong. To synchronize the clock automatically, go to the Settings->Control Panel->Date and Time, the choose "Internet Time" tab and set "Synchronize time with Internet servers".
This indicator has been included into the standard indicators a few releases ago, so you don't need to install it anymore.
Moreover, the newer version included into the TS installation does not need to synchronize the time, it uses the server time instead of the local time.
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