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Free Market Open Times Indicator

Home / Trading Tools and Resources / Free Market Open Times Indicator

By Hugh Kimura

Trading clock

And in case you were wondering, I won't be giving you indicators that already come with Metatrader.

I thought that it would be good to build up a resource of indicators that you could pull from and possibly incorporate into your trading.

This goes without saying, bu try them in a demo account first.

If they work for you, great.  If they don't, then it didn't cost you anything.

So here we go!

TClick above to enlargehe first featured indicator is the market open indicator. However, that requires you to concentrate on two screens at the same time and I am all about simplicity.

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So here is the market times indicator that I have been using thus far.

Hopefully this picture isn't too hard to see, but the indicator is at the bottom of the screen.

It is the four different colored lines:

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  • Blue = Sydney
  • Yellow = Tokyo
  • Green = London
  • Red = New York

It is a really easy way to see which markets are open and where the overlaps take place.  I don't think that this indicator accounts for daylight savings time, but in this case, I'm not so concerned about being exact on the times.

To me, I just want to know the approximate time because a move could take place before the open or a little after it, so I am always on the lookout for such moves.

Be sure to shift the times to match the time zones on your chart.

Give it a try yourself and let me know what you think!

Click here to download

I found this indicator on one of the free forums when I did a Google search.  It was been working for me so far.

If you have any thoughts or comments about indicators you use or would find useful, let me know and I will see what I can do.

 

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Category: Trading Tools and Resources

About Hugh Kimura

Hi, I'm Hugh. I'm an independent trader, educator and researcher. I help traders develop their trading psychology and trading strategies. Learn more about me here.

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First posted: September 10, 2010
Last updated: April 1, 2020

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CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

 

 

 

 

 

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