The forex trading sessions forex indicator is an MT4 indicator used to check different market session opening and closing times. It is an informational forex indicator to show the time zones of all forex market sessions.
Due to chart volatility differences, the trading sessions forex indicator is helpful for new traders that trade only in particular forex time zones. This is used as an add-on for a forex trading strategy.
How does the trading sessions forex indicator work in MT4?
The working principle of this forex indicator is elementary because it shows information only. When the forex market opens, a line will progress, displaying the opening and ending of each forex market session.
It will show the time of five forex market sessions that includes:
- London market session
- Tokyo market session
- Sydney market session
- Frankfurt market session
- New York market session
The benefit of forex market sessions in trading
The highly volatile session of the forex market is the London session. Most forex traders prefer to trade in the London market session because most market trends start during this trading session. If your forex strategy is based on the trend, you should open trade in the London session.
Like the London market session, the forex market has different volatility during other market sessions. Traders can optimize their forex trading strategies using these different time zones.
See also Viper Scanner Non-Repainting Forex Indicator FREE Download.
The bottom line
We recommend that traders use this forex indicator as an information panel in MT4. This will always display you the upcoming market volatility.
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