MetaTrader 5 MT5 Indicators iForexSessions – indicator MetaTrader 5

iForexSessions – indicator MetaTrader 5

Forex Sessions indicator

Highlights the Forex Market Sessions

The indicator assumes local “wall clock” trading hours of 8:00 AM – 5:00 PM in each Forex market, except in Sydney it is 7:00 AM – 4:00 PM or 9:00 AM – 6:00 PM.

Features:

Draw colored rectangles for the forex market sessions (Sydney, Tokyo, London, New York).

Accurate session times on Forex pairs and gold charts (Forex pairs trading start trading at 17:00 NY. Gold starts an hour later).

The indicator respects the GMT offset + daylight savings for the broker’s server, and also for the time zones.

The indicator’s time calculations are performed using TimeZoneInfo library 

Additional broker’s clock (in the left lower corner) with some useful information:

– server time

– broker GMT offset

– Time remaining till weekend (so you can close open trades or skip opening new ones before weekend).


Input parameters:





Other market session indicators:

Market_Sessions

Alternative:   ColorMETRO_XRSX - indicator MetaTrader 5

i-Sessions

Trading Sessions Open – Close

Forex market sessions identification


All of the above indicators (and nearly all other indicators on the codebase) use hardcoded fixed offsets for time zones and they do not consider the DST on the broker’s server or time zones. Simply, this is inaccurate because the session times do change during the year, either due to 1) the broker switches its time zone to DST or 2) one or more of the major forex markets change its time zone’s DST.



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