The JJN Active Trading Hours indicator for Metatrader 4 (MT4) displays the active trading hours on the activity chart.
The indicator gets displayed in the main MT4 chart window as white colored vertical lines.
Key Takeaways:
- The active trading hours start when the first white colored line appears on the chart.
- The active trading hours end when the last white colored line appeared on the chart.
Free Download
Download the “JJN-ActiveHours.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Inbar Signals Forex mt4 indicator in action on the trading chart.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Time
Does the indicator repaint? No.
JJN Active Trading Hours + Renko Boxes MT4 Intraday Strategy
The JJN Active Trading Hours Indicator for MT4 and the Renko Boxes Forex Indicator for MT4 create a simple and reliable intraday strategy that focuses on precision timing and clean trade setups.
The Active Trading Hours indicator draws white vertical lines to highlight periods of high market activity, while the Renko Boxes indicator plots blue lines for buy signals and red lines for sell signals.
Together, they help traders capture intraday price swings during the most volatile trading sessions.
This method works best on the M5 and M15 timeframes and suits day traders who prefer structured entries based on both market timing and price action confirmation.
It allows traders to take advantage of the London and New York sessions, where momentum is strong and moves develop quickly.
Buy Entry Rules
- Wait for a white vertical line from the Active Trading Hours indicator to appear, signaling the start of an active session.
- Check that the Renko Boxes indicator has printed a blue line, indicating a bullish move.
- Confirm that the price closes above the previous blue line, showing momentum continuation.
- Enter a buy position on the next candle close.
- Set the stop loss a few pips below the nearest Renko low (10–20 pips depending on the pair).
- Take profit after 20–40 pips, or when a red Renko line appears.
Sell Entry Rules
- Wait for a white vertical line, indicating that active market hours have begun.
- Ensure that the Renko Boxes indicator shows a red line, confirming a bearish move.
- Enter a sell position once the price closes below the last red line for confirmation.
- Place a stop loss just above the previous Renko high (10–20 pips).
- Set a take profit between 20–40 pips, or close the trade when a blue Renko line appears.
Advantages
- Filters trades to high-volume hours for better price movement.
- Uses clear visual signals for straightforward decision-making.
- Reduces the chance of entering trades during quiet market periods.
- Works well on major pairs like EUR/USD, GBP/USD, and USD/JPY.
- Provides consistent intraday opportunities every trading session.
Drawbacks
- Signals can lag slightly during fast reversals.
- Low volatility sessions may produce false or weak moves.
- Requires constant monitoring during the trading window.
- Not suitable for swing or long-term trading.
Example Case Study 1
On EUR/USD M15 during the London open, a white vertical line appeared at 08:00 GMT, showing active trading hours.
The Renko Boxes indicator plotted a blue line shortly after.
A buy trade was opened at 1.0860 with a stop loss at 1.0842 and a take profit at 1.0898.
The trade reached the target in less than two hours, producing a gain of +38 pips as volume increased during the session.
Example Case Study 2
During the New York session on GBP/USD M5, the Active Trading Hours indicator marked the 13:00 GMT window.
The Renko Boxes indicator showed a red line, confirming bearish sentiment.
A sell entry at 1.2635 with a stop loss at 1.2655 and take profit at 1.2600 yielded +35 pips as the price dropped sharply within the first hour of trading activity.
Strategy Tips
- Trade only during the periods marked by the white vertical lines.
- Confirm direction with at least one additional Renko signal before entering.
- Use smaller Renko box sizes for more signals or larger ones for cleaner setups.
- Avoid trading near major news releases when volatility is unpredictable.
- Lock in profits early if the Renko signal changes color mid-session.
- Practice this setup on a demo account before applying it live.
By combining the timing precision of the JJN Active Trading Hours Indicator with the clarity of the Renko Boxes Forex Indicator, traders can focus on trading only when the market truly moves.
This structured intraday approach provides disciplined entries and realistic profit targets for consistent short-term results.
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Download the “JJN-ActiveHours.mq4” indicator for Metatrader 4
