Forex Time Zone Indicator for MetaTrader 5 Download – Free – [Trading Finder]

The Time Zone Indicator is a MetaTrader 5 indicator and a useful tool in Forex. It helps traders manage their trading times more precisely by displaying the trading sessions on the charts, allowing them to make better decisions about the assets to trade. This indicator is specifically designed to show the trading hours of different Forex markets. It not only displays the open and close times of each session but also informs traders about the overlaps between different sessions.

Time Zone Indicator Table

Local and Server Time Zones

The image below shows various sections of the indicator. The Home section (displayed in red) represents the trader's local time. Different brokers have different time settings on their servers, which are shown as Servers.

European and American Time Zones

The liquidity and volume in these two time zones are the highest throughout the day, especially for currencies related to these regions, such as Euro, Pound, US Dollar, and Swiss Franc. The overlap between these two time zones is also widespread among many traders.

In the image below, the American market time zone (centered in New York) is shown as New York. Similarly, the European time zone (centered in London) displays when this market is active and financial transactions occur.

Asian and Australian Time Zones

The Asian time zone (centered in Tokyo) involves the highest volume of trades and transactions for currencies like the Japanese Yen, Chinese Yuan, etc. Similarly, during the Australian time zone (centered in Sydney), currencies like the Australian and New Zealand Dollar experience significant daily volume and volatility.

Time Zone Indicator Settings

• Corner: Set to 0 to display in the corner
• This set: the distance from the x-axis to 5
• Yds: Set the distance from the y-axis to 20
• Font: Font is Lucida Console
• font size: Font size is set to 8
• FontColor Blue: when the market is closed
• FontColorMarketOpen Red: when the market is open
• Timezone: Set time based on GMT
• Back: Set to false for no background

Summary

The Time Zone Indicator is not designed to issue trading signals, but it helps traders better understand the timing of major market sessions. The success of all technical analysis strategies depends on trading at the right time when the major markets are open. In other words, strategies yield better results when executed during active market hours.