E9 UK/US/ASIA-Session

E9 Multi-Session Indicator: Purpose & Importance

This PineScript indicator highlights three key trading sessions (US, Asia, UK) on your chart, color-coding their active hours and tracking price extremes (highs/lows) during these periods.

What It Does:

Session Timings (GMT):

US: 13:00–22:00 (Blue)
Asia: 23:00–06:00 (Yellow)
UK: 09:00–16:00 (White)

Marks session starts/ends with circles.
Plots session-specific high/low lines.
Customizable times and colors for flexibility.
Why It Matters:

Volatility Awareness:

Major markets drive price action during their sessions. The US session (13:00–22:00 GMT) often overlaps with other regions, increasing volatility.
Strategic Timing: Align trades with peak liquidity (e.g., during the US session) or prepare for quieter periods (e.g., Asia session).
Key Levels: Session highs/lows often act as support/resistance. Tracking these helps identify breakout or reversal opportunities.
By visualizing session activity, traders can optimize entry/exit timing and adapt strategies to market rhythms.