Forex Market Session Indicator - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource
This indicator plots the main four Forex trading sessions:
It is obvious that the Sydney and Tokyo sessions usually move in a narrow range, while the London and New York sessions usually move strongly, so we have to adopt different strategies at different times. This indicator is designed to plot each session with colored lines.
It has 3 external input parameters:
The blue line represents the Sydney session, the yellow line represents the Tokyo session, the green line represents the London session, and the red line represents the New York session.
Design concept comes from http://www.forexmarkethours.com/
suggestion:
Attachment download
📎 ForexSession.mq4 (6.02 KB)
Source: MQL5 #10086
Forex market session indicator - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Foreign exchange market session indicator - MetaTrader 4 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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