This script is designed to provide a visual overview of global market sessions directly on your trading charts. Instead of forcing you to manually track different time zones, it automatically highlights specific periods of high activity based on the international financial calendar.
Core Functionality
The primary purpose of this tool is to segment the trading day into six distinct "Work Time" blocks. Each block corresponds to a significant global economic event or market opening, such as the Asia Open, European Session, London News, and the US News session.
How it Works
- Visual Mapping: The script draws colored rectangular zones on your chart. These zones act as visual boundaries, allowing you to see at a glance which "session" is currently active or which time frames historically saw significant price movements.
- Historical Tracking: You can configure the tool to display these sessions over a specific number of past days (defaulting to 50 days). This allows for historical analysis to identify patterns in volatility during specific windows.
- Dynamic Sizing: The script calculates the high and low price points for each session block automatically. Depending on your settings, it can either strictly highlight the actual price range established during that period or apply a specific calculation to define the visual boundaries of the box.
- Automatic Date Handling: The logic includes an intelligent calendar system that automatically skips weekends and accounts for varying month lengths (including leap years). This ensures that the session blocks remain aligned with the correct trading days without manual adjustment.
Key User Features
- Customizable Timeframes: You can define exactly when each session starts and ends (e.g., defining the "London Big Ben" news at 08:30 GMT).
- Color Coding: Each session is assigned a unique color, making it easy to distinguish between different global markets (e.g., distinguishing the US News block from the European Settlement).
- Clean Chart Integration: The zones are designed to appear in the background of your chart, ensuring they provide context without obstructing your view of the price candles.
Essentially, this tool transforms a complex global clock into a simple, color-coded roadmap, helping traders identify when the most significant market action is likely to occur.
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Time_Zones
/*-----------------------------+
| |
| 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 = "04:00";
extern color Color_1 = DarkBlue;
extern string Begin_2 = "04:00";
extern string End_2 = "06:00";
extern color Color_2 = Gold;
extern string Begin_3 = "06:00";
extern string End_3 = "08:30";
extern color Color_3 = Indigo;
extern string Begin_4 = "08:30";
extern string End_4 = "12:30";
extern color Color_4 = Brown;
extern string Begin_5 = "12:30";
extern string End_5 = "14:30";
extern color Color_5 = Blue;
extern string Begin_6 = "14:30";
extern string End_6 = "17:00";
extern color Color_6 = Magenta;
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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