Forex Market Hours Shade Indicator
Forex Market Hours Shade Indicator is an indicator for MetaTrader 4 from the Old Kings collection. It has 16 settings, for example Number Of Days (default 50), s1 (default European) and Color 1 (default C'60, 60, 60'). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Market Hours Shade Indicator
Forex Market Hours Shade Indicator is an indicator for MetaTrader 4. It has 16 settings, such as Number of days, S1 and Color 1. MQL source code included.
Files in the download: installation manual.txt, MarketHoursShade_v01.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Number of days | 50 | |
| S1 | European | |
| Color 1 | C'60, 60, 60' | Colour on the chart |
| Begin 1 | 07:00 | Hour when trading starts (server time) |
| End 1 | 17:00 | |
| S2 | ||
| S3 | American | |
| Color 2 | C'80, 80, 80' | Colour on the chart |
| Begin 2 | 13:00 | Hour when trading starts (server time) |
| End 2 | 23:00 | |
| S4 | ||
| S5 | Asian/Austrailian | |
| Color 3 | C'100, 100, 100' | Colour on the chart |
| Begin 3 | 23:00 | Hour when trading starts (server time) |
| End 3 | 09:00 | |
| High range | true |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: MT4 Indicator · MQL4 Source Code