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Hello traders and welcome to the Ninja
Trader Indicator Warehouse.
Today we're going to talk about the time
zone background indicator.
We've recently enhanced this indicator, so there are a few
new items for those of you that already have this.
This will allow you to configure three
separate time periods.
You can also configure the color, opacity, start and stop
times, as well as audio alerts at those times.
So depending upon your trading plan and strategy, you might
only trade specific times of the day.
You might also trade different strategies at those times.
And it's this indicator that will serve as a constant
reminder or warning of what zone you're in and where in
that zone you are.
Yes, we do now give you an audio alert
telling you to pay attention.
But it's really the constant visual reminder that helps you
stick to the strategy you've already defined for a
particular time zone.
So understanding where you are and what you want to do is
paramount to maintain trading discipline throughout the day.
The FMMA indicator seen in this video manual is not part
of the actual time zone indicator.
This was only used to illustrate the points covered
in the video demonstration better.
Let's take a look at the time zone indicator now.
Here we have a zone already highlighted with green.
So maybe like you'd like to trade the open, or you don't
like to trade during a lunch hour, regardless, you can
configure the background to call out whatever the
particular zone that you're interested in.
So here we have the 9:50 to 11:15 zone, or the first
morning reversal.
If we move ahead in the chart, we can see that this is
configured in yellow.
This happens to be the lunch hour.
So if you follow Marsh Jones teachings, you already know
that there's very specific strategies for specific zones
throughout the day.
Now other systems will absolutely not allow you to
trade the lunch hour.
Others will.
So really, this depends upon your particular trading style
and system.
If we move ahead again, we have the final zone plotted
after the lunch hour, where essentially its green here.
So we're back to work and we're trading again.
So let's take a look at how to configure all this.
The first step we're going to do is we're going to go to our
chart and right click.
Look for Indicator.
Here we have our parameters box.
We'll highlight the indicator.
We'll go to the parameter section.
Scroll down.
We have here one, two, three different
periods that we can configure.
You can configure the color, the duration, the opacity, the
start time, and audio alerts.
So let's say, as an example, we have a news event coming up
tomorrow and we don't want to trade the morning session.
So we can go up here and easily change the color to
red, because we don't want to trade that period.
We can change the duration.
So here we're going to say two hour period.
And we're going to change the time.
Please note that the time is all
calculated in military time.
We'll keep the lunch hour the same as yellow.
We might want to trade that.
And then we'll also keep the final period in green.
And we won't make any changes there, with the exception of
extending that period just a little bit.
So let's go ahead and apply our changes now and take a
look what we have.
So I'm also going to change our time frame to the five
minute, this way you can see more on the screen.
So here we have that first morning session.
We have that 9 to 11 period.
OK, here's the news event.
And you can see the market react to that.
And then we have a lot of disagreement here on price, a
lot of volatility.
Then all of a sudden, we have everything coming together and
converging, which to me looks like a great
possible entry point.
And of course, as you can see this is, we've got some great
trending lines upwards.
So the time zone indicator is a great way to set trading
zones throughout the day and helps you stick to your plan
and maintain trading discipline.
And remember, whether you're day trading the Emini S&P,
other futures contracts, or forex, Indicator Warehouse
will help you get more profit from your online training and
technical analysis efforts.
Thank you for joining us.