This script is designed as a visual aid for traders who want to better understand the rhythm of the global financial markets. It works by automatically marking specific time windows on your trading chart, highlighting key periods of market activity across different geographical regions and sessions.
Core Functionality
The primary purpose of this tool is to "map out" the trading day. Instead of you having to manually keep track of when different markets (like London, Dubai, or the US) open and close, the script handles this automatically. It identifies these critical windows and overlays colored rectangular blocks on your chart.
Key Features
- Session Highlighting: The script defines six distinct time periods throughout the day. Each period corresponds to a specific market event, such as the Asia Open, the European "Big Ben" news window, and the US news session.
- Visual Organization: Every time slot is assigned its own unique color. This allows you to instantly distinguish between high-volatility news events and standard trading sessions just by looking at the chart's background.
- Historical Coverage: You can customize how far back you want these highlights to appear (e.g., the last 50 days), allowing you to analyze historical price action during specific sessions to identify patterns.
- Dynamic Scaling: The tool includes a setting to toggle between viewing the actual price range of those periods or a standardized visual box. This helps keep the chart clean while still providing a clear boundary for the time zones.
How it Benefits the Trader
By using this script, you gain a clearer perspective on "Market Context." Rather than seeing a flat line of price movements, you can see exactly when the most significant volume is entering the market. It removes the guesswork of time zone conversions and helps you identify which periods are most productive for your specific trading strategy.
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Time_Zones1
/*-----------------------------+
| |
| Shared by www.Aptrafx.com |
| |
+------------------------------*/
//+------------------------------------------------------------------+
//| i-ParamonWorkTime.mq4 |
//| Êèì Èãîðü Â. aka KimIV |
//| http://www.kimiv.ru |
//| Brad Eckerts Time Zones added by Jacob Yego |
//| Asia Open - 00:00 GMT |
//| Dubai/Russia Open 04:00 GMT |
//| Europe Open 06:00 GMT |
//| London "Big Ben" News 08:30 GMT |
//| US News 12:30 GMT |
//| Europe Settlement 14:30 GMT |
//+------------------------------------------------------------------+
#property copyright "Êèì Èãîðü Â. aka KimIV"
#property link "http://www.kimiv.ru"
#property indicator_chart_window
//------- Âíåøíèå ïàðàìåòðû èíäèêàòîðà -------------------------------
extern int NumberOfDays = 50; // Êîëè÷åñòâî äíåé
extern string Begin_1 = "00:00";
extern string End_1 = "03:30";
extern color Color_1 = Seashell;
extern string Begin_2 = "04:00";
extern string End_2 = "05:30";
extern color Color_2 = MistyRose;
extern string Begin_3 = "06:00";
extern string End_3 = "08:00";
extern color Color_3 = LightCyan;
extern string Begin_4 = "08:30";
extern string End_4 = "12:00";
extern color Color_4 = LightGoldenrod;
extern string Begin_5 = "12:30";
extern string End_5 = "14:00";
extern color Color_5 = PeachPuff;
extern string Begin_6 = "14:30";
extern string End_6 = "20:30";
extern color Color_6 = Pink;
extern bool HighRange = False;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
void init() {
DeleteObjects();
for (int i=0; i<NumberOfDays; i++) {
CreateObjects("PWT1"+i, Color_1);
CreateObjects("PWT2"+i, Color_2);
CreateObjects("PWT3"+i, Color_3);
CreateObjects("PWT4"+i, Color_4);
CreateObjects("PWT5"+i, Color_5);
CreateObjects("PWT6"+i, Color_6);
}
Comment("");
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
void deinit() {
DeleteObjects();
Comment("");
}
//+------------------------------------------------------------------+
//| Ñîçäàíèå îáúåêòîâ èíäèêàòîðà |
//| Ïàðàìåòðû: |
//| no - íàèìåíîâàíèå îáúåêòà |
//| cl - öâåò îáúåêòà |
//+------------------------------------------------------------------+
void CreateObjects(string no, color cl) {
ObjectCreate(no, OBJ_RECTANGLE, 0, 0,0, 0,0);
ObjectSet(no, OBJPROP_STYLE, STYLE_SOLID);
ObjectSet(no, OBJPROP_COLOR, cl);
ObjectSet(no, OBJPROP_BACK, True);
}
//+------------------------------------------------------------------+
//| Óäàëåíèå îáúåêòîâ èíäèêàòîðà |
//+------------------------------------------------------------------+
void DeleteObjects() {
for (int i=0; i<NumberOfDays; i++) {
ObjectDelete("PWT1"+i);
ObjectDelete("PWT2"+i);
ObjectDelete("PWT3"+i);
ObjectDelete("PWT4"+i);
ObjectDelete("PWT5"+i);
ObjectDelete("PWT6"+i);
}
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
void start() {
datetime dt=CurTime();
for (int i=0; i<NumberOfDays; i++) {
DrawObjects(dt, "PWT1"+i, Begin_1, End_1);
DrawObjects(dt, "PWT2"+i, Begin_2, End_2);
DrawObjects(dt, "PWT3"+i, Begin_3, End_3);
DrawObjects(dt, "PWT4"+i, Begin_4, End_4);
DrawObjects(dt, "PWT5"+i, Begin_5, End_5);
DrawObjects(dt, "PWT6"+i, Begin_6, End_6);
dt=decDateTradeDay(dt);
while (TimeDayOfWeek(dt)>5) dt=decDateTradeDay(dt);
}
}
//+------------------------------------------------------------------+
//| Ïðîðèñîâêà îáúåêòîâ íà ãðàôèêå |
//| Ïàðàìåòðû: |
//| dt - äàòà òîðãîâîãî äíÿ |
//| no - íàèìåíîâàíèå îáúåêòà |
//| tb - âðåìÿ íà÷àëà ñåññèè |
//| te - âðåìÿ îêîí÷àíèÿ ñåññèè |
//+------------------------------------------------------------------+
void DrawObjects(datetime dt, string no, string tb, string te) {
datetime t1, t2;
double p1, p2;
int b1, b2;
t1=StrToTime(TimeToStr(dt, TIME_DATE)+" "+tb);
t2=StrToTime(TimeToStr(dt, TIME_DATE)+" "+te);
b1=iBarShift(NULL, 0, t1);
b2=iBarShift(NULL, 0, t2);
p1=High[Highest(NULL, 0, MODE_HIGH, b1-b2, b2)];
p2=Low [Lowest (NULL, 0, MODE_LOW , b1-b2, b2)];
if (!HighRange) {p1=0; p2=2*p2;}
ObjectSet(no, OBJPROP_TIME1 , t1);
ObjectSet(no, OBJPROP_PRICE1, p1);
ObjectSet(no, OBJPROP_TIME2 , t2);
ObjectSet(no, OBJPROP_PRICE2, p2);
}
//+------------------------------------------------------------------+
//| Óìåíüøåíèå äàòû íà îäèí òîðãîâûé äåíü |
//| Ïàðàìåòðû: |
//| dt - äàòà òîðãîâîãî äíÿ |
//+------------------------------------------------------------------+
datetime decDateTradeDay (datetime dt) {
int ty=TimeYear(dt);
int tm=TimeMonth(dt);
int td=TimeDay(dt);
int th=TimeHour(dt);
int ti=TimeMinute(dt);
td--;
if (td==0) {
tm--;
if (tm==0) {
ty--;
tm=12;
}
if (tm==1 || tm==3 || tm==5 || tm==7 || tm==8 || tm==10 || tm==12) td=31;
if (tm==2) if (MathMod(ty, 4)==0) td=29; else td=28;
if (tm==4 || tm==6 || tm==9 || tm==11) td=30;
}
return(StrToTime(ty+"."+tm+"."+td+" "+th+":"+ti));
}
//+------------------------------------------------------------------+
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