Forex Time Zone Indicator Download for MetaTrader 4 – Free – [Trading Search] – MT4/MT5 Resource

The Time Zone Indicator is one of the most crucial tools in Forex MetaTrader 4 (MT4) and is essential for all traders, regardless of their trading style or approach. Liquidity and trading volume in global financial markets is driven by banks and traders from different continents and countries, so it is crucial for traders to pay special attention to when each market is active.

In the Forex market , one of the four major markets (Sydney, Tokyo, London, New York) is active at any given moment. Understanding the opening and closing times of these markets helps traders optimize their use of volume and volatility to make better trading decisions.

time zone indicator

Local and server time zones

The picture below uses local time as a reference, and Home is shown in red. This Server Time (from MetaTrader broker) is also shown as Server .

European and American time zones

In the image below, the American markets time zone centered in New York is displayed as New York . This session and kill zone indicator for MT4 , the period for which American markets are closed is shown in blue.

Similarly, the European time zone , centered in London , shows when this market is active and financial transactions occur during this period. These two time zones have the highest liquidity and trading volume throughout the day, especially for currencies like Euro , Pound , US Dollar , and Swiss Franc .

Asia and Australia time zones

In the image below, the Asian markets time zone , centered in Tokyo , is shown as Tokyo . When the Asian markets open (shown in red), the indicator shows that time period. Likewise, the Australian time zone in Sydney shows when that market ends its activity and when financial trading ends. Liquidity and trading volume in both time zones are important throughout the day for currencies like the Australian dollar , the New Zealand dollar , the Japanese Yen , and the Chinese Yuan .

Time zone indicator settings

• Corner: Set to 0 displays in the corner
• This set: Distance to x-axis 5
• Yds: Set the distance from the y-axis to 20
• Font: Font is Lucida Console
• font size: Font size is set to 8
• FontColor Blue: When the market is closed
• FontColorMarketOpen Red: When the market is open
• Timezone: Set time based on GMT
• Back: Set to false for no background

Conclusion

One of the most basic functions of the time zone indicator is its ability to display overlap between different sessions . For example, the overlap between the London and New York sessions is often associated with high volatility, which is why many professional traders prefer to trade during this time.