LocalTime is a free, high-performance MT4/MT5 indicator that displays your local PC time and both horizontal and vertical price grids. Its standout feature is the ability to show your exact local time directly on your chart — something standard MT4/MT5 simply cannot do.
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LocalTime is a free MT4/MT5 indicator developed by Forex FanClub, a professional software development team. It was built to help traders make precise trading decisions using their local time. In addition to its local time display, LocalTime features evenly spaced horizontal grid lines — a capability absent from the standard MT4/MT5 platform — enabling traders to visualise price volatility at a glance and conduct more accurate price analysis.
LocalTime's most powerful feature is its ability to display your local time directly on your chart — something standard MT4/MT5 cannot do. With this feature, there's no need to manually calculate the offset between server time and your timezone, making trade decisions effortless. You can customise the time format, grid interval, font size, and text colour to suit your personal preferences, ensuring you always know exactly when key market sessions open and economic news is scheduled — all in your own time.
LocalTime offers comprehensive flexibility in how time is displayed. You can choose between 12-hour (AM/PM) and 24-hour formats, and select whether to show the year and month. The timezone offset can be manually configured, making LocalTime ideal for traders operating across multiple global regions.
💡 Key Feature:
Full timezone support — manually configure offset for any region worldwide.
LocalTime allows you to assign up to four distinct colours to vertical grid lines for important time periods — such as the London or New York market opens. These colour-coded session markers make it instantly clear how price behaves during each market session, helping you plan your trading schedule with confidence.
Standard MT4/MT5 does not offer evenly spaced horizontal grid lines, making it difficult to gauge volatility at a glance. LocalTime solves this problem. You can set the horizontal grid interval in points, giving you instant clarity on how much each instrument is moving. For example, drawing horizontal grid lines every 10 pips at a consistent interval allows you to accurately assess price range changes across different time periods.
LocalTime is built with performance in mind. It renders efficiently even on charts with large historical datasets, ensuring smooth operation without slowing down your MT4/MT5 terminal.
✅ Performance Note:
LocalTime is built with performance in mind — renders efficiently even on charts with large historical datasets.
To get the most out of LocalTime's powerful features, correct installation and proper parameter configuration are essential. This section walks you through the entire process — from download to live use — in a way that's straightforward even for beginners.
Installing LocalTime is quick and straightforward. First, download the MT4 or MT5 version using the buttons below. If you're on a smartphone, please transfer the downloaded file to your PC via Google Drive or Dropbox.
Next, go to "File" >> "Open Data Folder" from the MT4/MT5 top menu, then open the "MQL4" >> "Indicators" folder. Move the downloaded "LocalTime.ex4" or "LocalTime.ex5" file into the "Indicators" folder.
💡 Tip:
After pasting, restart your MT4/MT5 terminal or refresh the Navigator panel (right-click > Refresh) to see LocalTime in the Indicators list.
After that, restart MT4/MT5 or refresh the Navigator. Then drag "LocalTime" from the "Indicators" section of the Navigator onto your chart. Configure the parameters in the setup screen and click "OK" — LocalTime will begin running immediately.
As LocalTime is an indicator rather than an EA, there is no need to enable automated trading permissions. Once installed, time grids and price grids will appear on your chart immediately, and you can adjust the display to your liking at any time.
LocalTime offers a wide range of customizable settings via its parameter screen — from time grid display options and time source selection to interval settings, colours, fonts, and price grid configuration. Every aspect can be tailored to suit your individual trading style.
| Parameter | Description |
|---|---|
| TimeGrid | Show/hide the time grid (ON/OFF) |
| UseLocalPCTime | Choose between MT4/MT5 server time or local PC time |
| Time_difference | Manually set the timezone offset (in hours) |
| TimeInterval | Time grid display interval (number of candles) |
| TimeGridColor | Set the time grid colour |
| FontSize | Set the font size for time display |
| TextColor | Set the text colour for time display |
| YEAR | Show/hide year (ON/OFF) |
| MONTH | Show/hide month (ON/OFF) |
| Parameter | Description |
|---|---|
| myhour01~04 | Set the hour for special colour grid display |
| myminute01~04 | Set the minute for special colour grid display |
| mygridcolor01~04 | Set the grid colour for each special time period |
| Use12Hour | Choose between 12-hour (AM/PM) or 24-hour display |
| PriceGrid | Show/hide the price grid (ON/OFF) |
| GridSpace | Set the price grid interval (in points) |
| PriceGridColor | Set the base price grid colour |
| PriceGrid10 | Set the colour for every 10th price grid line |
| PriceGrid100 | Set the colour for every 100th price grid line |
| EnableDisplayLimit | Enable/disable display range limiting (ON/OFF) |
⚠️ High-DPI Display Support:
When using a high-resolution display with scaling enabled, please adjust the font size to suit your setup. LocalTime fully supports high-DPI display environments.
If LocalTime becomes unresponsive, please remove it and reinstall. If grids and text remain on the chart after removal, right-click on the chart, select "Objects List", and manually delete all related objects.
⚠️ About Troubleshooting:
If you experience any issues or errors while using LocalTime, please contact Forex FanClub. Please note that LocalTime has been designed with a focus on stability and performance, and as such, specific feature requests cannot be accommodated at this time.
Q: What is LocalTime?
A: LocalTime is a free MT4/MT5 indicator capable of displaying your local time, horizontal price grids, and vertical time grids. Beyond local time display, it can render evenly spaced horizontal grid lines — a feature unavailable in the standard platform. It is a high-performance, professional-grade indicator.
Q: Is LocalTime compatible with both MT4 and MT5?
A: Yes, LocalTime fully supports both MT4 and MT5. It has been developed with platform-specific optimised code for each version, ensuring high stability on both platforms without causing any slowdown.
Q: How do I configure the time settings in LocalTime?
A: Time settings can be configured via the parameters screen. You can choose between local PC time and MT4/MT5 server time, set the timezone offset manually, and select between 12-hour and 24-hour display formats.
Q: What should I do if LocalTime stops working?
A: First, try removing the indicator and reinstalling it. If grids and text remain on the chart after removal, right-click on the chart, select "Objects List", and manually delete all related objects. If the issue persists, delete all objects from the chart and reinstall LocalTime.
Q: What is the difference between the vertical and horizontal grids in LocalTime?
A: The vertical grid helps you understand how price movement differs across various time periods. The horizontal grid gives you a clear visual reference for price ranges and volatility levels at a glance.
Q: What is the difference between the 12-hour and 24-hour display modes in LocalTime?
A: The 24-hour format displays time from 00:00 to 23:59. The 12-hour format displays time from 12:00 AM to 11:59 PM with an AM/PM indicator. You can select whichever format you are most comfortable with.
Q: Can I use LocalTime on different timeframes?
A: Yes, LocalTime can be used on any timeframe. Since settings can be configured independently for each chart, you can optimise the display for each individual timeframe.
LocalTime is a powerful MT4/MT5 indicator that brings local time display to your charts — a capability the standard platform simply cannot offer. It not only enables traders to make decisions using their own timezones, but also provides instant clarity on price volatility through evenly spaced horizontal grid lines. With 10-pip horizontal grids, you can accurately track price range shifts across different sessions. Colour-coded session markers let you identify market movements at a glance. Completely free and compatible with both MT4 and MT5 — download LocalTime today and experience the power of true timezone integration.