Forex market session indicator

This indicator draws the major four forex session:

• Sydney,
• Tokyo,
• London,
• New York.

It is obvious that the market usually moves in a narrow range during Sydney and Tokyo session, and it often moves powerfully during London and New York session, so we have to take different strategies during different sessions. This indicator is designed to draw each session with colour lines.

It has 3 external input parameter:

• LocalGMT: it is the GMT offset of your local time zone.
• BrokerGMT: it is the GMT offset of the broker’s MT4.
• ShowText: if true, it will show each session based on local time on the top left corner.

The blue line represents the Sydney session, the yellow represents the Tokyo session, the green represents the London session and the red represents the New York session.

Recommendations:

• advise using it on the M5 time frame