This indicator draws the major four forex session:
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:
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/
Uses movements of the relative strenghts index to find long-opportunities. Profitable (and especially reliable) parameters for short-positions couldn't be foundXIT_FIBS.mq4 - Automatically plot Fibonacci retracement lines with price on visible chart.
Simple indicator that automatically plots Fibonacci lines on current chart. Lines have retracement values and price.