Forex session indicator for metatreder 5
Unlike the stock market, forex trading occurs continuously, five days a week, 24/5, and for cryptocurrencies, even seven days a week, 24/7.
But at the same time, the trading time changes; it depends on the time zone in which the currency exchange is located.
For example, the London Currency Exchange opens at 7:00 GMT, and the American Exchange in New York opens at 12:00 GMT.
Schedule of forex trading sessions - https://time-forex.com/torgovye-sessii-forex
Depending on where trading is carried out, the mood of the market depends on whether the volatility of assets increases or decreases.
One such tool is the Forex session indicator for the MT5 trading platform :
Once added to the chart, the script shows which Forex trading session is currently being traded. He does this by coloring the zones on the chart of a currency pair in different colors.
- Blue – European trading session
- Green – American trading session
- Red (pink) – Asian trading session
If the schedule does not match the time of your server, you can change the Timeshift parameter in the indicator settings; the tool worked fine for me.
In general, a rather interesting script that allows you to take into account the peculiarities of trading in different Forex sessions, depending on the selected asset. Today this is one of the most interesting indicators of this type.
Another advantage is that the script is distributed completely free of charge.
Download the Trading Sessions Indicator
Or install from the MT5 market - https://www.mql5.com/ru/market