The i-ParamonWorkTime indicator. This indicator selects within 24 hours two periods of the highest market volatility. These periods values can be defined by the indicator input parameters:

input int    NumberOfDays=5;            // Number of days in history
input string Begin_1     ="08:00";      // Start time 1
input string End_1       ="11:00";      // End time 1
input color  Color_1     =clrDarkBlue;  // Paramon color 1
input string Begin_2     ="14:00";      // Start time 2
input string End_2       ="17:00";      // End time 2
input color  Color_2     =clrPurple;    // Paramon color 2
input bool   HighRange   =false;

Working time for trading:

As a rule, the highest market volatility is 10.00 am – 01.30 pm MSK and 04.00 pm – 07.30 pm MSK. Frankfurt Stock Exchange opens at 10.00 am (it is also a strong stock exchange), at 11.00 am – London (all Europe enters the market). New York Stock Exchange opens at 4.00 pm, Chicago Stock Exchange opens at 5.00 pm (all the USA enters the market).

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 26.09.2007.


MT5 Indicator – Download Instructions

i-ParamonWorkTime is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

i-ParamonWorkTime provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install i-ParamonWorkTime.mq5?

  • Download i-ParamonWorkTime.mq5
  • Copy i-ParamonWorkTime.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on i-ParamonWorkTime.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator i-ParamonWorkTime.mq5 is available on your Chart

How to remove i-ParamonWorkTime.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:


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