Price action is the foundation of all technical indicators, yet most traders do little to understand it. Within trades, price action creates the most important element of context, defining inflection points that affect market entry and exit. The sophisticated investor understands price action and uses it to frame every trading decision.
The indicator can be used to display the opening hours of the Tokyo, London and New York FOREX markets. For each of the three FOREX markets a different background color can be selected. For the overlapping hours the background colors are blended.
Below are listed the default settings for the opening hours, which are user selectable. Please keep in mind that you have to use the appropriate time zones, when entering the opening hours.
Tokyo: 9:00 AM - 5:00 PM TST (Tokyo Standard Time)
London: 7:00 AM - 4:30 PM GMT (Greenwich Standard Time) or BST (British Summertime, from March to October)
New York: 8:00 AM - 5:00 PM EST (US Eastern Standard Time) or EDT (Eastern Daylight Time, from March to November)
There is no daylight saving time in Japan. Therefore the Tokyo/London overlap is about two hours in summer, but only one hour in winter. The London/New York overlap is typically three and a half hours. However, London and New York observe different daylight saving schedules. During the last two weeks of March and during the first week of November, New York is on summertime while London is on standard time. During these three weeks the overlap is increased to four and a half hours.
The indicator handles the conversion of the trading hours of the three major FOREX markets automatically.
Update September 1, 2013 : Bug removed, indicator did not work correctly on charts built from tick data.
Update December 5, 2014: Option added to change color and opacity for off-session times.
Update April 22, 2015: Code simplified.
Forex Tick Data ready to be uploaded to Ninja Trader 7.
Each tick includes a time stamp, price and volume.
The ticks time zone is EST.
The time stamp is at 1 second resolution.
The price is at 0.1 pips resolution.
Total of 06 years of data, starting from April 2007.
[28 Pairs Part 5] =
CHFJPY, EURGBP, GBPUSD, USDCHF, USDJPY
Forex Tick Data ready to be uploaded to Ninja Trader 7.
Each tick includes a time stamp, price and volume.
The ticks time zone is EST.
The time stamp is at 1 second resolution.
The price is at 0.1 pips resolution.
Total of 06 years of data, starting from April 2007.
Forex Tick Data ready to be uploaded to Ninja Trader 7.
Each tick includes a time stamp, price and volume.
The ticks time zone is EST.
The time stamp is at 1 second resolution.
The price is at 0.1 pips resolution.
Total of 06 years of data, starting from April 2007.
[28 Pairs Part 3] =
AUDUSD, CADJPY, GBPCHF, GBPNZD, NZDJPY
Forex Tick Data ready to be uploaded to Ninja Trader 7.
Each tick includes a time stamp, price and volume.
The ticks time zone is EST.
The time stamp is at 1 second resolution.
The price is at 0.1 pips resolution.
Total of 06 years of data, starting from April 2007.
Forex Tick Data ready to be uploaded to Ninja Trader 7.
Each tick includes a time stamp, price and volume.
The ticks time zone is EST.
The time stamp is at 1 second resolution.
The price is at 0.1 pips resolution.
Total of 06 years of data, starting from April 2007.
Forex Tick Data ready to be uploaded to Ninja Trader 7.
Each tick includes a time stamp, price and volume.
The ticks time zone is EST.
The time stamp is at 1 second resolution.
The price is at 0.1 pips resolution.
Total of 14 months of data, starting from February 2012.
Forex Tick Data ready to be uploaded to Ninja Trader 7.
Each tick includes a time stamp, price and volume.
The ticks time zone is EST.
The time stamp is at 1 second resolution.
The price is at 0.1 pips resolution.
Total of 14 months of data, starting from February 2012.
August 10th, 2015 04:17 PM skibbatechno Awesome work - thank you!
August 10th, 2015 04:14 PM skibbatechno Awesome work - thank you!
March 30th, 2014 11:37 AM jmont1 Fat Tails, help me understand. Most of the year Europe closes at 11:30 NY time. Moving to March it seems to close at 1
2:00 pm. I see NY went to DST and UK uses BST. But why is it now closing on the hour (12) instead of 1/2 hour? Tried
researching but cannot resolve. THANKS for this to help me out.
September 15th, 2013 10:36 PM Jarmat Thank you great job.