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Market Open Hours Indicator

I have been trading for some time now and always find it a difficulty remembering the timing of the various market opening hours at the other part of the world (especially, when it comes to daylight saving), but could not find any decent indicator online that could help. And it is for this reason that gives birth to this indicator, which I have spent much time, effort and thinking.

As many already know that opening of a certain marketplace, depending on which currency pair, has an impact on the price movement. As such, with this indicator on the MT4 platform, gives the trader a sense of confidence in the market time aspect, which is vital when performing manual trading.

Also, this indicator has the option of displaying open hours time bar, event time line and event label for each of the 7 market places allowable. With a built-in time zone function, computation and conversion of the broker server time for each market location is swiftly and handles the daylight saving dynamically. Optimization of the code was made to give this indicator a responsive feel. So, users of this indicator could trade with an ease of mind, timely.


Specifications

  • Display Time Frame - M1, M5, M15, M30, H1.
  • Display Time Range - Displays Market open timing up to previous Monday, giving a 2 weeks view span (this week and last week), so that traders can do postmortem for last week's trades.


Features

  • Changeable market name; up to 7 market name with their respective time zone and color settings.
  • Changeable open and close market hours for each market name. Default settings - open: 08:00, close: 17:00.
  • Time Bar (option to turn On/Off).
  • Time Line (option to turn On/Off).
  • Event Label (text indicating opening/closing on time line for the respective market, with the option to turn On/Off).
  • Day of week for each Time Bar and Clock for respective market location on current Time Bar (with drifting feature: drift with the current time for the open market, always showing on the time bar aligned with the current time).
  • Changeable market place name, time zone, and color.
  • Dynamic Time Zone handling; meaning which ever time zone your server may be, this indicator manages it dynamically. Hence, the indication of market opening hours is always correct
  • Dynamically handles day light saving according to your PC settings.
  • Time Bar and Event Label adjust dynamically with each change of the chart, giving the trader a sense of order.
  • The default settings for each market opening is set at 8 am and closing at 5 pm, and they are configurable to your own preference.


Indicator Parameters

  • Market - This is the name (1 of 7) of the market location which you want to display on the chart.
  • Time Zone - The time zone of the market location, which you need to specify based on UTC.
  • Time Open - The marketplace opening time at that location.
  • Time Close - The marketplace closing time at that location.
  • Bar Color - The color of the bar which is displayed on the chart.
  • Display Bar - Time Bar: Set to true to show, and false to hide.
  • Display Line - Time Line: Set to true to show, and false to hide.
  • Display Label - Label that describes the open or close of market location. Set to true to show, and false to hide.
  • Local TimeZone - The time zone which you are in.
  • Number of weeks Display Backward Span - The time span in weeks, which you want the time bar to display in the main chart for the weeks before.
  • Number of weeks Display Forward Span - The time span in weeks, which you want the time bar to display in the main chart for the weeks ahead.
  • Vertical Line Color - The color of the vertical lines, which indicate the opening or closing of each market.
  • Vertical Text Color - The color of the vertical text, which indicates the opening or closing of each market.


There is a total of 7 sets of market location settings in this indicator, which allows you to display and track 7 different time zones.

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Overview: With so much noise and distraction in the markets I wanted to create clarity for traders to have a simple, efficient, and fun trading experience. This is why I created Pipsurfer. Pipsurfer is an trend following indicator that visually shows you important Institutional Smart Money levels in the market and helps you to trace Market Structure in the markets. Most traders find it difficult to visually see trading elements such as trend, structure and momentum which are key for understandin
487 USD
If you have rented or bought and will have any error version.please send email to raymon0902@gmail.com to get free new version . Indicator MT4 is a zigzag indicator that shows the values of three zigzags on the chart. The periods for each of the three zigzags vary. These are small, medium, and large dots. Instead of putting zigzag lines on the chart, this indicator draws dots at the zigzag places. The three levels of the indicator differ by the maximum and lowest values of three separate
500 USD
Binary Guru
Sahil Shokeen
1 (1)
Binary GURU is an indicator for binary options trading and intraday trading at 18:02 PM (+3 GMT). The indicator is not redrawn and does not change its readings. Binary GURU is designed to determine the places where the price will make a reversal. The indicator captures both trend reversals and rollbacks, which allows you to increase the efficiency of its use. When using the indicator, the possibilities of analysis are significantly expanded, not only the places of correction and reversals are cl
400 USD
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The ZigZag indicator provide a good perspective on how the prices are moving, especially when identifying the higher highs or the lower lows. Without using the mouse to measure the extremums, the ZigZag indication can sometimes give a false sense of how much the market have moved, especially when the scale is changed. Hence, the idea for this indicator is born. This indicator provides the typical zig-zag indication with the value added movement delta in pips at each extremums (extreme points). T
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This is an extension of the Average True Range indicator with the breakdown of price gain, loss, and standard deviation; with the price break down into price gain and loss, this can now be used as an oscillator with standard deviation as the queue to time the entry and exit. Settings ATR Period - Typically set at 12. ExtStdDev Period - This the period for the Standard Deviation and it typically follows the ATR Period. How to use Buy / Sell Direction - If the green (gain) is higher than the l
30 USD
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Version 1.3 2018.06.11
There is an upgrade to allow your choice of color for the vertical lines and text. In addition, the mouse over of the vertical lines will display not only the date time of the vertical lines but also the vertical event text. Now the tool should be more usable.

TIP: I do not know if you have observed this, but this indicator clearly displays the opening and closing of each market. Each time, a sizeable market/s opens, the prices move significantly. This basically tells you when to enter the market with potentially high winning rates.
Version 1.2 2017.07.13
This version has the following enhancements:

1) Local time on the upper right corner to allow a quick glance at the current local time.

2) Update of the market local time open and close hours based on http://www.forexmarkethours.com/GMT_hours/02/.

3) Additional tooltip text on the vertical dotted line to include the local time. The reason for including this is to let a trader know what time locally to watch out for a trend change (which almost always happens) when a market opens or closes.
Version 1.1 2016.08.17
Version 1.1 - 2016.08.13
Spread and Time Remaining is added to the Ask/Bid line.