Market / MetaTrader 4 / Indicators /

Market Hour Indicator

50 USD

Demo downloaded: 94

Published: 9 December 2016

Current version: 7.0

Market Hour Indicator

Indicators
Satyam Shivam
Satyam Shivam
Software Engineer at Self Employed

India

31694
4.6 (225)
Mob. / Whatsapp: +91 7428538589
✅Profile: https://www.mql5.com/en/users/it_mql5_1

8 products 38 codes 26 topics 110 comments
Version: 7.0
Updated: 16 December 2021
Activations: 20

Market Hour Indicator is one the most useful indicators for the traders who trade in different markets. The indicator highlights the area in the chart during which a particular market is open. It operates on four different markets i.e. New York Stock Exchange, Australian Stock Exchange, Tokyo Stock Exchange and London Stock Exchange. The indicator is intended for use on M1, M5, M15, M30 and H1 time frames only.

Input Parameters

NYSEMarket: Enable/Disable for NYSE market
NYSEMarketOpeningTime: Specify the market opening time
NYSEMarketClosingTime: Specify the market closing time
ASXMarket: Enable/Disable for ASX market
ASXMarketOpeningTime: Specify the market opening time
ASXMarketClosingTime: Specify the market closing time
TSEMarket: Enable/Disable for TSE market
TSEMarketOpeningTime: Specify the market opening time
TSEMarketClosingTime: Specify the market closing time
LSEMarket: Enable/Disable for LSE market
LSEMarketOpeningTime: Specify the market opening time
LSEMaketClosingTime: Specify the market closing time

How to use the indicator

Attach the custom indicator MHI to the chart.
Enable the Forex market which a trader wants to track. More than one market can be tracked simultaneously by enabling the respective markets.
Traders can edit the respective market opening and closing time.
For different Forex markets, different colored rectangle will be formed.

The indicator uses different colors to indicate the different market timings:

NYSE Market: Red colored rectangle
ASX Market: Golden colored rectangle
TSE Market: Green colored rectangle
LSE Market: Blue colored rectangle

Market Hour Indicator is a very helpful and much needed indicator. Using this indicator, traders can track different market opening and closing timings simultaneously on a single chart.

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Market Hour Indicator

Satyam Shivam

Input Parameters

How to use the indicator