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Market Sessions

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Market Sessions Indicator Overview:

The "Market Sessions" indicator is a powerful tool designed to enhance traders' insights by providing comprehensive information about key market sessions, daily high/low values, and important exponential moving averages (EMAs) directly on the trading chart.

Key Features:
Market Sessions Display:

Visually represents Sydney/Tokyo, London, and New York sessions using distinct color-coded shapes.
Enhances visibility by dynamically changing the background color during specific trading sessions.

Daily High/Low:

Plots and labels the high and low values of the previous trading day on the chart.
Customizable colors for daily high and low markers.

Exponential Moving Averages (EMAs):

Includes 20, 50, and 200-period EMAs for comprehensive trend analysis.
Users have the flexibility to customize the visibility and color of each EMA.

Dashboard Information:

Real-time information about the current and upcoming market sessions.
Displays the time remaining for the upcoming session, aiding in timely decision-making.

Stock Session Information:

Clearly marks open and close times for Asia, Euro, and USA stock sessions.
Customizable visibility options for stock open/close lines, allowing for a tailored chart display.

Usage Guidelines:
Market Session Identification: Easily identify distinct market sessions using color-coded shapes and background color changes.
Daily Analysis: Quickly reference labeled lines for the high and low values of the previous trading day.
Trend Analysis: Observe the plotted EMAs on the chart for insights into the prevailing trends.
Real-time Monitoring: Utilize the dashboard for real-time information on current and upcoming sessions.
Stock Session Details: Identify specific open and close times for stock sessions, aiding in strategic planning.

Customization Options:
User-Friendly Parameters: Customize visibility, color, and positioning based on individual preferences.
Dashboard Configuration: Adjust dashboard position, text placement, and EMA parameters to tailor the indicator to specific needs.
Backtesting Feature:

The indicator includes a backtest feature, allowing users to visualize past sessions for testing and refining trading strategies.
This Market Sessions Indicator provides traders with a holistic view of market dynamics, facilitating informed decision-making and enhancing overall trading experiences.

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Correctet Wrong Dashboard Values from USA Session close to USA - Asia gap

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Fixed Timer for USA Session

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Info Update

Default Time Zone:
The indicator uses the default time zone setting on TradingView for session calculations and time-related functions.
Daily High/Low
Shows Price in The Status Line

Usage:

Customizing Settings:
Use the indicator settings to toggle display options for different features.
Adjust colors, text positions, and dashboard placement according to your preferences.

Analyzing Market Sessions:
Observe the colored squares at the bottom to identify the current market session.
Use daily high/low levels and stock open/close information for technical analysis.
Leverage the EMA overlay to spot potential trend reversals.

Understanding Dashboard:
Refer to the dashboard for real-time information about the current and next trading sessions.
Stay informed about market dynamics and improve your trading decisions with the Market Sessions Indicator. Explore the various features and tailor them to your trading strategy for a comprehensive analysis of market behavior during different sessions.

Market Session Squares Overview:
The colored squares at the bottom of the chart represent different trading sessions—Asia, Europe (London), and USA (New York). The color intensity in these squares is designed to reflect the relative liquidity during each session. Here's a breakdown of how the colors can be interpreted:

Asia Session (Sydney/Tokyo):
Color: Light Green
Interpretation: The lighter green color indicates the start of the trading day in the Asian markets (Sydney/Tokyo). Liquidity during this session is relatively lower compared to other sessions.

Europe Session (London):
Color: Gradual Transition from Light Green to Red
Interpretation: The color transition from light green to red signifies the increasing liquidity as the European session (London) unfolds. London is a major financial hub, contributing to higher trading volumes.

USA Session (New York):
Color: Deep Red
Interpretation: The deep red color represents the peak of liquidity during the USA session (New York). This session overlaps with the London session, creating a period of maximum trading activity and market participation.

Interpreting Color Intensity:
Light Green: Low liquidity, the beginning of a session.
Red Transition: Increasing liquidity, reaching a peak.
Deep Red: Maximum liquidity, session overlap (London and New York).

Note:
The Market Session Indicator Works only on 1H Timeframe and Lower, The Dashboard and Daily High/Low on All
The color scheme aims to provide a visual guide to traders, helping them identify periods of higher or lower market activity. The intensity of the red color indicates the significance of the session in terms of liquidity, with the deepest red occurring during the overlap of the London and New York sessions.

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Updates: