This indicator tracks the forex market's most active trading periods: London session, New York session, and their overlap.
This characteristics of the London and New York trading sessions are well documented and many traders use them as a key element in their trading strategies. It is most relevant in forex trading, however it is to an extend also applicable in cryptocurrencies.
London Session (08:00-16:00 UTC)
Most active trading session (35% of daily forex volume) Highest trading volume and liquidity Major price movements and trend development Significant institutional participation
New York Session (13:00-20:00 UTC)
Second most active trading period High institutional order flow Major US economic releases Significant impact on USD pairs