Days of the Week Indicator
MT4Also Available for MT5The Days of the Week indicator for MT4 shows all the trading days in a week.
Description
The Days of the Week indicator for MetaTrader 4 is a custom forex indicator that displays the beginning and end of each trading day of the week. It is worth noting that the indicator does not perform any technical analysis of the market trend; however, it is a great tool that makes the technical analysis less of a hassle.
One of the benefits of the indicator is that it would help you to easily refer to any trading days of the week without much stress. Besides, it would also come in handy in identifying the market behavior during any trading days, especially when back-testing a trading strategy.
What is the MT4 Indicator that shows the days of the week?
The internet is filled with different indicators that show the days of the week. In essence, any indicator labeled as “days of the week” would show the weekdays on the chart. However, this version of the indicator is one of the best because it stands on a separate window, thereby keeping the candlesticks on your chart clog-free.
How to Use The Days of The Week Indicator
The above image shows how the indicator would look on your MT4 chart after installation. The indicator comes with five distinct colors that represent each day of the week. Furthermore, it would automatically display the trading day of the week when a mouse is pointed at any of the colors. This makes it easy to identify any trading days during a back-test.
Conclusion
This indicator for MT4 would make your trading a lot easier because it shows you any trading day in a week by just pointing a mouse at any of the colors. Besides, it is free to download.
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