Originally posted by Bogdan G.
One of the first things that I observed when I started to trade Forex was that the market moves differently throughout the day. In the morning and evening its quiet while in the middle of the day its a lot more active; at night, although the market is open, it looks like its sleeping and most currency pairs move in a very narrow range. This happens because banks dont work around the clock and each continent has different time zones. There are four major trading sessions: Sydney, Tokyo, London and New York and all these sessions affect volatility.
Wrapping it up Great Tool For Newbies
Trading is not easy and you need to be aware of a multitude of factors. Time is one of them and with the help of this indicator, now its easier to keep track of the trading session. There are many indicators like this one over the internet, but I consider this to be one of the easiest to use and set up so thanks to the guy(s) that wrote it. If youre having troubles with its installation, Ill be glad to help on our Forum. All the best and good luck if you need it.