Hi rickoshay,
Here’s some time-zone info:
Calgary, Alberta, is in the Mountain Time Zone, currently Mountain Daylight Time (MDT), which is GMT-6.
The important markets in Asia are spread over two time zones, GMT+9 (Japan and Korea) and GMT+8 (Singapore, Hong Kong, China, and Taiwan). Traditionally, Tokyo is considered to be the location of the “Asian market”, and the normal business day in Tokyo is said to be the Asian Session, or Tokyo Session. Those hours are (roughly) 9 am - 6 pm Tokyo time, which is
8 am - 5 pm Singapore time, and 6 pm - 3 am Calgary time.
In other words, the Tokyo Session is 6 pm - 3 am according to your clock, but not according to your broker’s server (your trading platform).
As for the time difference between your broker’s server and your location in Calgary, you took your screen shot at 8:52 am (your time). At that time, your platform was showing the 5 pm candle as the current candle. In other words, your broker’s server is 9 hours ahead of your local time
(8 am Calgary time = 5 pm server time) – which puts the server in the GMT+3 time zone. That means your broker’s server is in eastern Europe, or Russia – as many MetaTrader servers seem to be.
On your chart, you have highlighted a 9-hour period from the open of the 1 am candle through the close of the 9 am candle, and these times are server time (GMT+3). Which means that they correspond to 7 am - 4 pm Tokyo time. That may be what you intend, but I’m guessing that you really want to highlight the 9 am - 6 pm (Tokyo) time period.
If so, then you need to move your highlighted area two hours to the right.
As a trader, you will find it annoying to have times displayed on your charts which do not correspond to your local time. Maybe you can adjust those times in your platform – but I’m not adept with MT5, so I can’t help with that.
And, unfortunately, I can’t help with your question about an indicator for MT5, either.
If you are using the terms “Asian Session” and “Asian Range” interchangeably, then just ignore the following discussion.
The term “Asian Range” is a term that Michael Huddleston used when he taught a price-action trading methodology here in this forum a few years ago. I’m not aware of anyone else using that term, or making a distinction between the “Asian Session” and the “Asian Range”. If you are using the term “Asian Range” the way he did, then the following may apply to what you are doing.
Here is my description of the way Michael defined the Asian Session and the Asian Range. This is copied and pasted from something I wrote a few years back –
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The Asian Session — as its name implies — does not fit the pattern of the other two trading sessions. It comprises the trading sessions in Tokyo (and Seoul) in the GMT+9 time zone, plus the trading sessions in Singapore and Hong Kong (and several smaller markets) in the GMT+8 time zone. Tokyo is no longer the largest Asian forex market — Singapore has recently captured that distinction. Together, Singapore and Hong Kong (which operate simultaneously) account for 76% more daily forex trading volume than Tokyo.
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The Asian Session is 10 hours long, unlike the London and New York sessions, which are each 9 hours long. The Session begins at 9am Tokyo time (8am in Singapore and Hong Kong), and ends at 7pm Tokyo time (6pm in Singapore and Hong Kong).
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The 5-hour Asian Range is defined as the first half of the 10-hour Asian Session. The Asian Range has special significance as a bellwether of the new trading day which has begun in Asia. (Newcomers to the ICT methodology often confuse the Asian Session and the Asian Range.)
A couple of notes on that copy-and-paste –
(1) I said above that the Tokyo Session ends at 6 pm Tokyo time; Michael said 7 pm. As you probably know, forex markets do not actually “open” or “close”, except at the weekend, so efforts to pin down exact times are not useful. Use your own discretion in defining session times, in view of the actual market activity which occurs during those periods.
(2) ICT was a nickname given to Michael Huddleston, because he called himself The Inner Circle Trader.
