Killzones Toolkit Indicator for MT4 Download – Free – [TradingFinder]

The Killzones Toolkit Indicator displays the highs and lows of trading sessions in places such as New York, Tokyo, and London. Its main feature in MetaTrader 4 is the visual representation of Killzones using colored boxes.

This indicator can analyze price volatility in the Forex and other financial markets.

Killzones Toolkit Indicator Specifications

The table below outlines the features of the Time Zone Toolkit Indicator.

Bullish Scenario

Based on the AUD/USD chart in the 5-minute timeframe, the indicator marks the Asian killzone with a yellow box during the Tokyo session. As shown in the image, the bottom of the Asian killzone acts as a support level, followed by a bullishprice movement.

Bearish Scenario

According to the NZD/USD chart, in the 5-minute timeframe, a blue box marks the New York session's kill zone. As illustrated, the price reverses after touching the top of the New York killzone and then moves downward.

Killzones Toolkit Indicator Settings

Below are the configurable settings of the Killzones Toolkit Indicator:

Inputs

• PreviousCandle: Number of previous candles for calculations
• Text_color: Label text color selection

Asian Inputs

• hours for Asian Killzone: Set the hours for the Asian killzone
• minutes for Asian Killzone: Set the minutes for the Asian killzone
• Color for Asian Killzone: Choose a box color for the Asian killzone

London Inputs

• hours for London Killzone: Set the hours for the London killzone
• minutes for London Killzone: Set the minutes for the London killzone
• Color for London Killzone: Customize box color for the London killzone

New York AM Inputs

• hours for New York AM Killzone: Set hours for the New York AM killzone
• minutes for New York AM Killzone: Set minutes for the New York AM killzone
• Color for New York AM Killzone: Choose a box color for the New York AM killzone

New York PM Inputs

• hours for New York PM Killzone: Set hours for the New York PM killzone
• minutes for New York PM Killzone: Set minutes for the New York PM killzone
• Color for New York PM Killzone: Set box color for the New York PM killzone

Initialize

• Maximum number of bars to look back: Set the maximum number of candles for calculation

Conclusion

The Killzones Toolkit Indicator is designed to visually represent trading sessions and their killzones directly on the chart. This MetaTrader 4 trading tool highlights time zones for each session using distinct colored boxes to make session identification quick and easy.

It is compatible with various trading strategies and can be used alongside fundamentalanalysis.