The free Candles Box Market Daily Session indicator for MT4 displays market volatility and daily trends with the help of colored backgrounds.
It provides you with some useful Forex market info:
- Market volatility for the day in pips.
- A colored box background tells you whether the market closed higher or lower.
You can fully customize the look of the indicator.
The mini window positioned at the left of the screen displays all market session info in text format.
- A green colored box tells you that the market closed higher that day.
- A crimson colored box tells you that the market closed lower that day.
- Can be used to trade breakout signals above/below the previous day high/low box price.
The GBP/USD H1 chart below displays the 4 Sessions forex indicator in action.
Basic Trading Signals
There are no real trade signals from this indicator.
However, the Candles Box Daily Market Session MT4 indicator can be used to trade breakouts above or below the previous day high and low box prices.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Customization options: Variable (show pip values, display previous hours, show open and close) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Market session
Copy and paste the candles-box-session-indicator.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)