Time_Zones-white screen_v1

Download script
Author: ��� ����� �. aka KimIV
Time_Zones-white screen_v1

The i-ParamonWorkTime script is a visual trading tool designed to help market participants identify key global trading sessions and periods of high activity directly on their price charts. Instead of forcing you to manually keep track of international clocks, this tool automatically draws colored zones over your historical data to illustrate when major markets (such as Asia, Europe, and the US) are active.

Core Functionality

The primary purpose of this script is to provide a visual "map" of the trading day. It segments the 24-hour market cycle into six distinct time blocks. By looking at the chart, you can immediately see which global regions are currently open and which specific "windows" of volatility occur throughout the day.

Key Features

  • Historical Visualization: The script doesn't just show today's session; it looks back over a user-defined number of days (defaulting to 50). This allows you to see how market behavior patterns repeat over time.
  • Pre-Defined Global Sessions: The logic is built around significant global milestones, including:
    • Asia Open
    • Dubai/Russia Open
    • Europe Open
    • London "Big Ben" News (High volatility period)
    • US News
    • Europe Settlement
  • Visual Distinction: Each session is assigned a unique color. This helps traders differentiate between early morning lulls, midday transitions, and high-impact news windows at a single glance.
  • Dynamic Price Mapping: For each session, the script identifies the highest and lowest price points reached during that specific timeframe. It then draws a solid rectangle (a "zone") on your chart based on those extremes, effectively highlighting the "trading range" for that period.

How it Works for the User

When you load this tool, it scans the past several weeks of market data. For every day in that history, it identifies the specific start and end times for the six major sessions. It then calculates the price boundaries for each of those windows and places a colored box on your chart.

By using these boxes, a trader can quickly identify:

  1. Market Sentiment: How much "space" the market moved during a specific news event.
  2. Volatility Clusters: Which times of day consistently produce the widest price ranges.
  3. Session Transitions: The "hand-off" periods where one global market closes and another begins.

In short, this script transforms raw time data into a visual guide, allowing you to see the "heartbeat" of the global markets directly on your trading platform.

9 Views
0 Downloads
0 Favorites
Time_Zones-white screen_v1 
//+------------------------------------------------------------------+
//|                                            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        = "04:30";
extern color  Color_1      = Seashell;
extern string Begin_2      = "05:00";
extern string End_2        = "06:30";
extern color  Color_2      = MistyRose;
extern string Begin_3      = "07:00";
extern string End_3        = "09:00";
extern color  Color_3      = LightCyan;
extern string Begin_4      = "09:30";
extern string End_4       = "12:15";
extern color  Color_4      = LightGoldenrod;
extern string Begin_5      = "13:30";
extern string End_5        = "15:30";
extern color  Color_5      = PeachPuff;
extern string Begin_6      = "15:30";
extern string End_6        = "19:30";
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));
}
//+------------------------------------------------------------------+

Similar scripts

Time_Zones1_v1

This indicator highlights specific global market liquidity windows and high-impact news periods by overlaying color-coded geometric regions on the historical price chart.

Time_Zones-black screen_v1

Visualizes predefined global market liquidity windows and news sessions as distinct price zones across a historical timeframe.

Time_Zones_v1

This indicator visualizes major financial market opening and closing windows by overlaying distinct color-coded chronological zones on the chart.

i-ParamonWorkTime_v2

This indicator visually projects distinct time-based zones onto the chart to identify specific periods of liquidity and volatility across historical dates.

i-MorningRange

This indicator identifies and projects the high and low price boundaries established during a specific opening morning session over a customizable historical period.

i-ParamonWorkTime_v1

This indicator visualizes specific daily trading windows by overlaying shaded rectangular zones that highlight price boundaries and historical range dynamics.

MarketTime

This indicator projects visual rectangular zones on the chart to demarcate specific high-volatility windows for Asian, European, and American trading sessions over a historical multi-day period.

AsianFrankfurtLondonSessions_GMT

Visually partitions historical chart data into distinct geographic trading sessions by highlighting high and low price ranges across specific time windows.

AsianFrankfurtLondonSessions_GMT+2

Visualizes historical high and low price ranges for specific Asian, European, and American trading sessions over a customizable period.

Market Profiles

Visualizes multi-region trading windows by plotting historical high and low price boundaries across specific global economic sessions.

i-MorningRange_v1

This indicator dynamically projects horizontal price boundaries by identifying the session highs and lows between midnight and a user-defined time across multiple historical trading days.

Comments