[TehThomas] - Market Open Status

The Market Open Status indicator is designed to help traders quickly determine whether the major financial markets—London, New York, and Asia—are currently open or closed. It does this by displaying a table on the chart with real-time status updates based on the UTC offsets you configure in the settings.

Key Features:
✅ Automatic Time Adjustments – The indicator automatically updates the displayed market times when you adjust the Chart UTC Offset in the settings.

✅ Configurable UTC Offsets – You can manually set both the Chart UTC Offset (for the trading pair's timezone) and your Local UTC Offset to ensure accurate time conversions.

✅ Live Market Status Display – The table clearly indicates whether the London, New York, and Asia markets are currently Open (green) or Closed (red).

✅ Daylight Savings Time (DST) Adjustments – The indicator automatically detects if any market is in DST and adjusts the market times accordingly.

✅ Real-Time Local Time Display – It also provides a live clock showing the current time based on your local UTC offset.

How to Set Up the Indicator Correctly

• It is important to select the correct UTC offset that matches the market’s timezone for the asset you are trading.
  
• To find the correct offset, look at the top left of your TradingView chart, where the market open symbol (green or red dot) is displayed.
  
• The timezone displayed there corresponds to the asset’s market timezone—enter this value as your Chart UTC Offset in the indicator settings.
  

(You can't see the red or green dot on the screenshot but it should be displayed in that location.)


Set Your Local UTC Offset

• Enter the UTC offset for your location to enable proper local time conversion in the table.
  

The Indicator Will Adjust the Market Open/Close Times Automatically

• Once the correct UTC offsets are set, the indicator will automatically update and display the correct market times relative to your local time.
  

This tool is extremely useful for traders who want to stay informed about global market sessions and plan their trades accordingly. Proper setup ensures accurate market hours, reducing confusion and helping with time-sensitive trading strategies. 🚀