Forex Sessions Indicator for MetaTrader 5
Unlike the stock market, Forex trading is non-stop, five days a week, 24/5, and cryptocurrency trading is 24/7.
However, the trading time changes depending on the time zone in which the currency exchange is located.
For example, the London Stock Exchange opens at 7:00 GMT, while the American Stock Exchange in New York opens at 12:00 GMT.
Forex trading session schedule - https://time-forex.com/torgovye-sessii-forex
Depending on where trading is conducted, the market mood also depends, and asset volatility increases or decreases.
One such tool is the Forex session indicator for the MT5 trading platform :
Once added to the chart, the script displays which Forex trading session is currently active. It does this by color-coding zones on the currency pair's chart.
- Blue – European trading session
- Green – American trading session
- Red (pink) – Asian trading session
If the schedule doesn't match your server time, you can change the Timeshift parameter in the indicator settings. The tool worked fine for me.
Overall, this is a rather interesting script that allows you to take into account the trading characteristics of different Forex sessions depending on the selected asset. It's one of the most interesting indicators of its kind today.
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
