NewsGuard High-Impact News Risk Overlay is a risk-awareness indicator designed for the cTrader platform. It visually marks time windows around major economic events known to cause significant market volatility, spread widening, and slippage. The overlay displays high-impact news risk zones directly on trading charts, allowing traders to anticipate periods of increased risk before volatility occurs. Users can adjust the time windows before and after each event to suit their trading preferences. The tool automatically filters news relevance based on the traded symbol, providing a clean and focused overlay with upcoming or active news information. NewsGuard relies on a manually maintained high-impact news schedule, ensuring reliability and independence from external data feeds or APIs. It does not provide news feeds, forecasts, or trade signals; its sole purpose is to enhance trader awareness of time-based risk. This indicator is suitable for scalpers, day traders, and others who want to avoid entering trades blindly during major news events. Supported markets include Forex, indices, and popular symbols such as GBPUSD, XAUUSD (gold), and NAS100.