Time Zone Indicator

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Time Zone Indicator
The Time Zone Indicator displays the trading sessions, their time and the current session the market is at.

CATEGORIES: MT4, INFORMATIONAL
Updated on: 15.11.2023

Forex markets open 24 hours every day except on Saturdays’ and Sundays’. However, the market has different sessions that open in different time zones. These time zones are the Asian, European and the North American Sessions.

Forex market have been observed to behave in respect to a particular time zone. Moreover, not all time zones are advisable to place any order. Some trading sessions such as the London sessions are more liquid and volatile. Other sessions such as the Sydney session are thin. Therefore, every trader must keep watch of each forex time zone, and this can be achieved using the Time Zone Indicator.

The Foundation
The Time Zone Indicator displays the trading sessions, their time and the current session the market is in. This indicator shows the New York, London, Sydney and Tokyo trading sessions. This indicator displays the current trading session in a red color on the chart as seen in the diagram below.

From the USD/JPY H1 chart above, the market is currently in the Sydney trading session. This is displayed by the Time Zone Indicator in red color. Once the Sydney session ends, the indicator will update the chart to the next session.

This indicator is very useful because traders can know when an important trading session begins in order to open positions. Traders can also know when a particular session ends with this indicator so as to close their trades. Thus, with this indicator, forex traders can know when to enter and exit the market.