i-ParamonWorkTime - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Real author:

Kim Igor V. aka KimIV

i-ParamonWorkTime indicator. This indicator selects the two periods of highest market volatility within a 24-hour period. These period values ​​can be defined via indicator input parameters:

 //+------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------+
Input integer number of days = 5 ; // number of historical days
Enter string start_1 = "08:00" ; //Start time 1
Input stringEnd_1 = "11:00" ; // End time 1
Input color color_1 = clr dark blue ; //Palamon color 1
Enter string start_2 = "14:00" ; //Start time 2
Enter string end_2 = "17:00" ; // end time 2
Input color color_2 = clr purple ; // Paramount color 2
input boolean highrange = false ;

Transaction working hours:

Generally speaking, the highest market volatility occurs between 10.00 am and 01.30 pm MSK and between 04.00 pm and 07.30 pm MSK. The Frankfurt Stock Exchange opens at 10am (also a strong stock exchange) and the London Stock Exchange opens at 11am (all of Europe has access to the market). The New York Stock Exchange opens at 4 pm and the Chicago Stock Exchange opens at 5 pm (all US stock markets enter the market).

The indicator was first implemented in MQL4 and published in the code base of mql4.com on September 26, 2007.

Figure 1 i-ParamonWorkTime indicator

Attachment download

📎 i-paramonworktime.mq5 (9.3 KB)

Source: MQL5 #1642