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Trading Session Time indicator for MetaTrader is a tool designed to save your time and efforts. At the same time, it is also helpful to spot possible trading opportunities. The human brain is very efficient in finding visual patterns.
Trading Session Time indicator helps highlight areas on the chart to find these patterns. Once you specify a time or an interval, the indicator will scan the chart and draw the areas of interest for you. The indicator is very simple and easy-to-use. Furthermore, it is also flexible enough to satisfy the needs of many traders. As it has been already mentioned, Trading Session Time indicator is both simple but flexible. With a few options, you can decide to draw lines, areas, rectangles.
There are some generic options and some more specific for the desired function. Here you can see the list of all of its supported input parameters. You can choose the color of the indicator's drawings, so that it helps you spot what you are trying to spot. For example, you can make different colors mean different parts of a session.
It is for you to simplify the chart's interpretation. You can enable or disable drawing for some days of the week. For example, you might want to disable drawing for Wednesdays for some reason. The indicator allows you to do that for individual days of the week. All the graphical objects are created in the background of the chart. This allows the candlestick to remain well visible on top of the trading session markup. If you specify a start time but not the end time, then the indicator will create a vertical line for every day at the specified time.
If you specify the start time and the end time, then the indicator will create areas in the specified interval. The area will start at the start time and end at the end time. The area will also automatically contain the highs and lows of the interval. One of the most attractive feature of the indicator is its flexibility. Interesting script? So post a link to it - let others appraise it. You liked the script? Try it in the MetaTrader 5 terminal.