The Daily Trading Session indicator for Metatrader 4 displays the daily Forex trading sessions in the main chart.
After loading the indicator to the chart, it appears in the form of a colored gray background on the activity chart.
You will see the daily high and low price and the gray colored background wrapped around each daily trading session.
The indicator can be utilized to trade daily high and low session breakouts, either up or down.
You can easily modify the session color settings by editing the indicator’s inputs and parameters.
Indicator Example Chart (EUR/USD H1)
How to trade with it?
Open a buy trade when price closes above the previous day session high price and the overall trend is up.
Open a sell trade when price closes below the previous day session low price and the overall trend is down.
Place a stop loss below support or above resistance.
Feel free to use your own favorite trading methods to open and close trades with the Daily Forex Market Session indicator .
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Number of days, begin, end, high range, color settings & style
Indicator type: Trading sessions
Repaint? Does not repaint the daily trading sessions.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the 1i-paramon-work-time.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.