Market Hour Indicator

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

  1. Attach the custom indicator MHI to the chart.
  2. Enable the Forex market which a trader wants to track. More than one market can be tracked simultaneously by enabling the respective markets.
  3. Traders can edit the respective market opening and closing time.
  4. 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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Spread Based pair trading tool It is a very useful tool for commodities traders . Specially those traders who trade crude oil and brent oil. This is also a good strategy for any two pairs which have very high correlation. This panel consists of Two drop downs to select two symbols. One should chose two mutually correlated symbols. Fields to enter a spread value and trade lot size. How a trade in this panel is placed? When you click on the place order button, it starts tracking the market and s
This is a panel which can be used by the users to place a pending order in which they can customize their order while working on the chart. This panel allows its user to input their trade values. It is an easy to use panel from which user can place their pending orders quickly. Inputs of this Panel Includes Price - The user inputs the price to place pending trade. Type - The user inputs the type of pending trade (BL,SL,BS,SS). Lot Size - The user inputs the lot size for the trade. Risk% - The u
This panel is a one stop solution to all your trading problems Trading made easy. This panel allows trader to place orders (instant or pending) and close the respective orders (ALL, PROFIT, LOSS) just from one panel Traders can use it to make any type of trade on the chart itself Description Close Order All - close all open orders. Profit - close profitable ones. Loss - close loss-making ones. Select Order Amount type (Lots, Money, Risk%) Select Stop Loss Price SL Pips - distance in pips to se
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