CoinCollege's article found that between September 1, 2019 and January 15, 2020, Bitcoin price movements tended to be the most driven by US time.
Japan time was the least active. This is similar to forex.
In the article, it was defined as follows:
NY time: 00:00 to 8:00 (NYK時間)
Tokyo time: 8: 00-16: 00 (TKY時間)
London time: 16:00 to 00:00 (LDN時間)
Credit goes to TradeMasterSavis for providing the original code
I merge the 2 sessions together allowing you to toggle between the two. I also add a 3rd custom session type and the ability to change the duration of each trading session. This would solve any problems ran into the case of Daylight savings time switch or if you just want different session duration.
This script lines up the different sessions for New York, Asian, and London. It also have overlap between the sessions and the colors have been adjusted to make it easier to read.
Follow for more info IG: @AdrianHummel
Welcome to Pine Editor Tutorial #3
On Tutorial #1 : We have plotted circles on each line
On Tutorial #2: We have highlighted a specific day
On this tutorial we will highlight sessions so that we can use them in our strategy at later stage.
Session is defined as an input first so that you can toggle it on and off.
Hope this helps,
Feel free to comment.
This is an revised Open Public version of Vdub Bollinger Band %B reversal indicator. This version includes optional Divergence Finder with selectable channel width, optional Market Session time highlighting and optional Binary Option expiry markers.
Simple Sessions separator for Forex Traders.
Originally created by ChrisMoody, Edited by Me.
Adjusting the time/color is very easy, but default is EST and should work out of the box.
Hope this helps some people.