Timing is one of the influential factors in a trader's position. This indicator categorizes transactions into three sessions (Asia, Europe, and America). Five significant trading cities (New York, London, Frankfurt, Tokyo, and Sydney) are selectable.
I recommend using the tool on a 5-minute time frame, but it is usable on all time frames.
Settings: • Trading sessions: Display or hide each trading session as needed. • Color: Change the color of each box. • Session time intervals: The default is based on the main working hours for each time interval and can be adjusted. • Information table: Delete or display additional information table.
Information Table: • Trading sessions • Opening and closing times of each trading session
How to Use: Initiating trading sessions involves entering with increased liquidity, and the market usually experiences significant movements. Many trading strategies are based on "time" and "session openings." This tool empowers traders to focus intensely on each time interval.
These trading sessions are crucial for all Forex, stock, and index traders:
The total price ceiling and floor in the Asia session (Tokyo and Sydney) are crucial for traders in the European session.
The European session starts with Frankfurt, and an hour later, London begins, collectively forming the European session.
The dashboard provides additional information, displaying hours based on UTC.
Customization options are considered in all sections so that everyone can apply their own settings.
Important: Default times are the most accurate for each region, and in most indicators, this time is not correctly selected. Therefore, the level of influence and time intervals are specified at the beginning of each session. If you are using another indicator, match its default time to the announced time and share the results with me in the comments.
發布通知
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One of the friends (sadegh-ab88) who uses this trading session indicator and also trades based on market volume raised a topic about the "US" or "NEW YORK" session, which the first part of the update is dedicated to. 🔵US Session New York: 8:00 AM in the United States. The start of the New York Stock Exchange (NYSE): It begins at 9:30 AM in the United States. Given that all traders who trade "Futures" start their transactions based on this time, it is a very important time. 🔵Shanghai Stock Exchange (SSE) One of the most voluminous stock exchanges in the Asian session is the Shanghai Stock Exchange, represented by the symbol "SSE" or "XSHG." Its working hours are from 9:30 AM to 3:00 PM. Important: By default, "NYSE" is active and visible on the chart, but "SSE" is inactive, and you can enable it from the settings section.
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🔵Scheduling the session on the maximum number of days possible
Due to the requests regarding the limitation of drawing these boxes, in this update, we set the number of boxes and labels to a maximum of 500 numbers.
Finally, i understood how to use it and optimize the code. Thank you.
mstatrade
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Thanks for developing this script. I'm trying to work out how to set the times. I'm in Sydney & it's saying the market is closed - it's not. Are the times based on GMT? Thanks again.
TFlab
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@mstatrade, Hello. Thank you for your attention. If you have a problem that you think is a bug, send us a picture of it through a link so that we can check it and let you know the result.
Rginah1974
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Hi. Nice work. . Would be cool if you can add the killzones in the indicator. And would be nice to have the possibility to choose only to plot the fill color, or only lines or both. And to write mor short the zones (for example L=London, NY, A= Asia etc.) etc Thanks!
TFlab
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@Rginah1974, I am glad that this indicator has caught your attention. Thank you for your useful and constructive suggestion.
bmonsma
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Great script! Thank you for making it. Can you make the time zone changeable to EST, PST, etc., please?
TFlab
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@bmonsma, Hello The session boxes are set in such a way that they adapt their chart to the time zone change. You can change and use your desired time in the chart. For example, if you want to be in the PST time zone, you should choose the UTC +7 time zone.
mwambus
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Hello, I'm trying to do backtesting on historical data but this current version only covers a limited period, How can I get to cover the entire available history?
TFlab
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@mwambus, Hello We will try to issue an update very soon to solve this problem.
Thank you.