Killzones Toolkit Indicator MT4
- Indicators
- Eda Kaya
- Version: 2.1
Killzones Toolkit Indicator for MetaTrader 4
The Killzones Toolkit Indicator visually displays the highs and lows of major trading sessions such as New York, Tokyo, and London. In MetaTrader 4, its primary function is to mark these "Killzones" using color-coded boxes. This tool is useful for analyzing price volatility across Forex and other financial markets.
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Killzones Toolkit Indicator Specifications
The table below presents the main features of the Time Zone Toolkit Indicator:
| Category | Trading Sessions & Killzones – Liquidity – Trading Assist |
| Platform | MetaTrader 4 |
| Skill Level | Intermediate |
| Indicator Type | Continuation – Reversal – Breakout |
| Timeframe | 1-5 Minutes – 15-30 Minutes – 1 Hour |
| Trading Style | Fast Scalping – Scalping |
| Market | All Markets |
Killzones Toolkit at a Glance
Killzones are specific time windows within trading sessions that are typically marked by increased volatility and trading volume. The Killzones Toolkit Indicator identifies these sessions and visually outlines their corresponding killzones on the chart.
Bullish Scenario
On the AUD/USD chart using a 5-minute timeframe, the indicator highlights the Tokyo session’s Asian killzone with a yellow box. As illustrated, the bottom of the killzone serves as a support level, followed by a bullish move.
Bearish Scenario
On the NZD/USD chart in the 5-minute timeframe, the indicator marks the New York session killzone with a blue box. The price touches the upper boundary of this zone, then reverses and drops, indicating a bearish move.
Killzones Toolkit Indicator Settings
Here are the customizable parameters for the Killzones Toolkit Indicator:
Inputs
- PreviousCandle: Defines the number of previous candles used for calculations
- Text_color: Sets the label text color
Asian Inputs
- hours for Asian Killzone: Set the active hours
- minutes for Asian Killzone: Set the active minutes
- Color for Asian Killzone: Choose the color for the Asian session box
London Inputs
- hours for London Killzone: Set the hours for the London killzone
- minutes for London Killzone: Set the minutes
- Color for London Killzone: Customize the box color
New York AM Inputs
- hours for New York AM Killzone: Set the hours for the New York AM session
- minutes for New York AM Killzone: Set the minutes
- Color for New York AM Killzone: Choose the box color
New York PM Inputs
- hours for New York PM Killzone: Set the hours
- minutes for New York PM Killzone: Set the minutes
- Color for New York PM Killzone: Customize the box color
Initialize
- Maximum number of bars to look back: Determines the number of candles used in analysis
Conclusion
The Killzones Toolkit Indicator is built to provide a clear, visual representation of active trading sessions and their respective killzones.
By using distinct colored boxes, traders can quickly identify time-sensitive trading opportunities. Compatible with a variety of trading styles, this MT4 tool can be effectively combined with fundamental analysis for more strategic decision-making.
