Forex market session indicator

0
981

This indicator draws the major four forex session:

  • Sydney,
  • Tokyo,
  • London,
  • New York.

It is obvious that the market usually moves in a narrow range during Sydney and Tokyo session, and it ofen moves powerfully during London and New York session, so we have to take different strategies during different sessions. This indicator is designed to draw each session with color lines.

It has 3 external input parameter:

  • LocalGMT: it is the GMT offset of your local time zone.
  • BrokerGMT: it is the GMT offset of the broker’s MT4.
  • ShowText: if true,it will show each session based on local time on the top left corner.

The blue line represents Sydney session, the yellow represents Tokyo session, the green represents London session and the red represents New York session.

The design idea is from http://www.forexmarkethours.com/

 

MT4 Indicator Download – Instructions

Forex market session indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

Forex market session indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install Forex market session indicator.mq4?

  • Download Forex market session indicator.mq4
  • Copy Forex market session indicator.mq4 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on Forex market session indicator.mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Forex market session indicator.mq4 is available on your Chart

How to remove Forex market session indicator.mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

MT4 Indicators Download below:

Forex market session indicator

LEAVE A REPLY

Please enter your comment!
Please enter your name here