Forex Time Zone Indicator Download for MetaTrader 5 – Free – [Trading Search] – MT4/MT5 Resource

The Time Zone Indicator is a MetaTrader 5 indicator and useful tool in Forex. It helps traders manage their trading sessions more precisely by displaying them on charts, allowing them to make better decisions about the assets they want to trade.

This indicator is specially designed to display the Forex market during different trading hours. Not only does it show the opening and closing times of each trading session, it also informs traders of the overlap between different trading sessions.

time zone indicator

Local and server time zones

The image below shows the various sections of the MT5 session and the Killzone indicator . The Home section (shown in red) represents the trader’s local time. Different brokers have different time settings on their servers, as shown below Servers .

European and American time zones

These two time zones have the highest liquidity and trading volume throughout the day, especially for currencies associated with these regions, such as Euro , Pound , US Dollar , and Swiss Franc . The overlap between these two time zones is also common among many traders.

In the image below, the US market time zone (centered in New York ) is shown as New York . Similarly, the European time zone (centered in London ) is shown when that market is active and financial transactions are taking place.

Asia and Australia time zones

The Asian time zone (centered in Tokyo ) involves the maximum trading volume and transaction volume of currencies, such as Japanese Yen , Chinese Yuan , etc. Likewise, currencies such as the Australian and New Zealand Dollar experience huge daily trading volumes and volatility in the Australian time zone (centered in Sydney ).

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

The Time Zone Indicator is not designed to issue trading signals , but it can help traders better understand the timing of major market periods. A successful technical analysis strategy for everyone depends on trading at the right time when the major market is open. In other words, executing strategies during active market hours will yield better results.