How do I install this Script on MetaTrader 4?

Download the file, open MetaTrader 4 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Script?

Drag the Script from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 4?

Yes, this Script is built specifically for MetaTrader 4.

Is this Script safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Script on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Script?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Trading Session Indicator Script for MetaTrader 4

MetaTrader 4 script

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Trading Session Indicator

Info

The Trading Session Indicator is a Script for MetaTrader 4 that trading session indicatorthis indicator displays the start and end times of three major trading sessions: asian, european, and american. Sessions are visualized using background rectangles.

Usage

This tool is typically used for enhancing chart analysis and decision making.

Platform

This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).

Setup

Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.

How to Install and Use Trading Session Indicator

1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.

2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.

3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.

4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."

Frequently Asked Questions

Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.

Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.

Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.

What this tool does

Trading Session IndicatorThis indicator displays the start and end times of three major trading sessions: Asian, European, and American.

Typical Use Case

This Script excels in automated trading and technical analysis on MetaTrader 4.

Compatible Platform & Setup

This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.

Description & Settings

Related: automated economic calendar trading advisor - another powerful script for MetaTrader 4 traders.

Trading Session Indicator

This indicator displays the start and end times of three major trading sessions: Asian, European, and American.

Also recommended: rsi and cci trading strategy - similar script with strong performance on MetaTrader 4.

Sessions are visualized using background rectangles. The length of each rectangle represents the duration of the trading session, and its height reflects the trading range. For the current trading day, there is an option to display the extreme prices for each session.

The indicator offers the following customizable parameters:

numberofdays
=2 - The number of past trading days to display.

asiabegin
="01:00" - The start time for the Asian session.

asiaend
="10:00" - The end time for the Asian session.

asiacolor
=goldenrod - The display color for the Asian session.

eurbegin
="07:00" - The start time for the European session.

eurend
="16:00" - The end time for the European session.

eurcolor
=tan - The display color for the European session.

usabegin
="14:00" - The start time for the American session.

usaend
="23:00" - The end time for the American session.

usacolor
=pink - The display color for the American session.

style
=2 - The line style for session objects.

fillback
=true - Whether to fill the session rectangles.

showprice
=true - Whether to display the extreme price levels for each session.

clfont
=blue - The color for session price labels.

sizefont
=8 - The font size for session price labels.

offset
=10 - The text offset from the session boundary.

You may also like: Trading Panel with Indicator Signals - excellent alternative for script users on MetaTrader 4.

Source Code

#property copyright "RobotFX"
#property link "https://robotfx.org"
#property indicator_chart_window
extern int    NumberOfDays = 5;             // Количество дней
extern string AsiaBegin    = "01:00";       // Открытие азиатской сессии
extern string AsiaEnd      = "10:00";       // Закрытие азиатской сессии
extern color  AsiaColor    = Goldenrod;     // Цвет азиатской сессии
extern string EurBegin     = "07:00";       // Открытие европейской сессии
extern string EurEnd       = "16:00";       // Закрытие европейской сессии
extern color  EurColor     = Tan;           // Цвет европейской сессии

.......

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⚠ Limitations & Risk Warning

This tool is provided for educational and testing purposes only.
Past performance does not guarantee future results.
Trading involves substantial risk of loss. Use on a demo account first.
Results may vary depending on market conditions, broker, and settings.
We recommend thorough backtesting and forward testing before using with real funds.