Killzones Toolkit Indicator for MT5 Download – Free – [TradingFinder]

The Killzones Toolkit Indicator is designed to display key time ranges throughout the trading day, such as the New York, London, and Tokyo sessions.

In MetaTrader 5, this indicator visually marks high-volatility periods, known as Killzones, using colored boxes on the chart.

This tool can analyze price behavior across various markets such as Forex, crypto, and more during key market hours.

Killzones Toolkit Indicator Specifications

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

Bullish Scenario

Based on the Ethereum (ETH) 5-minute chart, the indicator marks the New York AM Killzone with a green box. As shown in the image, the bottom of this zone acts as a strongsupport level, causing the price to bounce and form a bullish trend.

Bearish Scenario

According to the EUR/USD 5-minute chart analysis, a blue box marks the Killzone of the London session. As illustrated, the price reacts after touching the top of this zone and reverses into a bearish trend.

Killzones Toolkit Indicator Settings

The following image shows the settings panel of the Killzones Toolkit Indicator in MetaTrader 5:

Inputs

• PreviousCandle: Number of previous candles used for calculations
• Text_color: Select the text label color

Asian Inputs

• hours for Asian Killzone: Set the hour for the Asian Killzone
• minutes for Asian Killzone: Set the minute for the Asian Killzone
• Color for Asian Killzone: Choose the color of the Asian Killzone box

London Inputs

• hours for London Killzone: Set the hour for the London Killzone
• minutes for London Killzone: Set the minute for the London Killzone
• Color for London Killzone: Choose the box color for the London Killzone

New York AM Inputs

• hours for New York AM Killzone: Set the hour for the New York AM Killzone
• minutes for New York AM Killzone: Set the minute for the New York AM Killzone
• Color for New York AM Killzone: Customize the box color for the New York AM Killzone

New York PM Inputs

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

Initialize

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

Conclusion

The Killzones Toolkit Indicator is designed to graphically display different market sessions and their respective high volatility time zones. This MetaTrader 5 trading tool presents each Killzone as a distinct box on the chart, enabling traders to easily distinguish between session-specific ranges.

It is compatible with various trading strategies and can be used as a complementary tool alongside fundamental analysis.