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Time Zones (TZone) [Forex Only]

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It is best to trade when the markets are active and have high volatility, which occurs in the Forex market when two of the world's major exchanges are open simultaneously. The Time Zones overlay indicator visually displays these time periods on the chart. For example, many prefer to trade between the hours of 8:00 and 11:00 AM EST. This is because the London and New York exchanges are open simultaneously, providing a high level of activity.

Knowing which exchanges open also gives insight into which currency pairs will be the most active. Pairs involving a currency of the exchange's country or region will see higher volume and increased liquidity while that particular market is open. For example, USDJPY and EURJPY will trade actively when the Tokyo exchange is open.    

Note: An intraday chart must be open for the Time Zones indicator to be displayed.  

Example of Time Zones

Time Zones Example 


To open the Time Zones Preferences click on the QuickLink (TZone) in the lower right of the indicator window, below the indicator quick links. Time Zones is different as the different exchanges are displayed below the indicators. Or you can right-click, select Overlay Properties and then Time Zones. If you click on the chart, the Preference tab will go back to chart settings.

Time Zones ToolRestore Settings: TNT Default will change your settings back to the original software settings. My Default will change current settings to your personalized default settings. Apply To All Charts will apply your selected settings on all open charts. Save As My Default will save your current personal settings.

Time Zones: Select a time zone from the dropdown list to customize its individual settings. Choose from London, New York, Sydney, and Tokyo.

Color: Specify the color of the lower time zone label.

Shade: Check the box to shade the time zone in the chart window, and specify the color.

Overlap: Check the box to shade the overlap between this and other time zones, and specify the color.

Open Lines: Check the box to display time zone opening times on the chart and specify

Close Lines: Check the box to display time zone closing times on the chart and specify the color.

Font: Specify the size, font, color, and style of the text.