Trade Sessions Indicator
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Trade Sessions Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
This indicator is based on DRAW_FILLING buffers.
The input parameters are absent, the TimeTradeServer(), TimeGMT() functions are used.
The unaccuracy in the trade session times is possible, the values are from the first site I have found :))It is possible to change its values in the block of constants, the GMT time is used.
// Time constants are specified across Greenwich const int AsiaOpen=0; const int AsiaClose=9; const int AsiaOpenSummertime=1; // The Asian session shifts const int AsiaCloseSummertime=10; // after the time changes const int EuropaOpen=6; const int EuropaClose=15; const int AmericaOpen=13; const int AmericaClose=22;
There is an opportunity to use the time changes to the summer time, at present time it's a primitive and realized with the function TimeDaylightSavings();
//+--------------------------------------------------------------------+ // Summertime determination is reserved for the future calculations //+--------------------------------------------------------------------+ bool Summertime(datetime time) { if(TimeDaylightSavings()!=0) return(true); else return(false); }
So, after the time change to the summer time, all of the history changes it's time and vice versa.
The first version of the indicator has been published at MQL4
