Forex sessions indicator
I use this indicator every day, and I cannot go back to trading without it. Of course, this indicator is only really useful if you trade on time frames lower than the 4 Hour. I use it on the 15 Minute and 1 Hour charts, and it has become a very useful part of my trading routine. Which trading session s should you trade in the Forex market?
Depending on your trading system , you could trade in any session; however, most traders will find the London and New York sessions to be preferable.
The Asian session can be very difficult to make money in. There are many reasons for this, which I will discuss in a future article.
Most traders lump all the trading sessions into these three. You can easily see when the important sessions start and end — without cluttering your chart. In the image above, you can see the i-Sessions trading session indicator for MetaTrader 4 MT4 in action.
Download Auto Session Indicator mt4 | AtoZForex
Normally this indicator shows three colored, overlapping boxes that highlight the three major trading sessions. For reference, this image shows the June 22nd, , EURUSD, 15 Minute chart New York close. The image above is a zoomed-in version of the first image. However, the end of the first session box shows us the London open. The Asian close is not highlighted, but for most traders, this is not important information, because the end of the Asian session overlaps the beginning of the London session.
Next, you can see the New York open.
By default, this also shows the close of the London session. As you can see, from the images above, this indicator is great for visually representing the important session opens and closes. The image above shows the settings that I use. You can also use the chart image above as a reference. There are many trading session indicators available, but most of them leave your charts looking much more cluttered then they need to be.
What do you think? Is this your favorite trading session indicator? Leave a comment below.
Are you still looking for a profitable trading system? I recently changed my main trading system after testing a new one for over a year. Come see why I switched to Day Trading Forex Live. I use this indicator every day that I trade. You can also increase the lookback period which makes it great for backtesting.
I found a strategy which uses the asian hours and looked on the website for hours then googled a indicator for it and they look identical, Thanks Chris. Of course, you can highlight any session you wish to. By default, the indicator downloaded from this page is set to cut the Asian session off an hour early to highlight the London open you can adjust session hours, though.
Alternately, you could give each session its own color and have them overlap. There are many possibilities with this indicator. Hi Chris Many thanks for the indicator, my MT4 internal clock is 2 hours ahead, I am in London so according to the MT4 the London open is I have tried to set the session times to reflect my time zone so European session is set to open at That being said, you can enter any time you want.
Just keep trying different inputs until you highlight the sessions you wish to. Hey, When I change the time of asia for How do I change the code to make it like Thanks for the comment. I just shared it. The indicator needs a time shift to be able to display what you want it to display. Scratch what I said before, James.
Free download of the 'Forex market session indicator' indicator by 'OldZ1' for MetaTrader 4 in the MQL5 Code Base
I found the i-Sessions v3 indicator for you. It has more features, including a time shift. The regular i-Sessions indicator will work fine for most traders. Hello Chris, How do you use the sessions to trade? Hoping to hear from you. I only trade during the London or New York sessions.
The banks typically use the Asian session as an accumulation period, so the price is choppy with no real trend or significant reversals. Just take a quick glance at the chart. You can increase that to go further back. It is such a small file why are you zipping it? WordPress by default will not let me upload certain files unless they are zipped. Notify me of followup comments via e-mail.
You can also subscribe without commenting. START HERE BLOG REVIEWS DAY TRADING FOREX LIVE. Thanks, this is in fact a very good indicator that should be useful to any trader.
Chris October 7, Andrew November 14, Will surely give it a try. Chris November 15, Innocent December 15, Chris December 16, Hello Innocent, I downloaded this indicator again to make sure it was working, and it is.
I hope you get it working because this is one of my favorite indicators. Chris December 18, The instructions are the same for everyone, regardless of the broker. Bref December 18, Chris December 19, K Patel December 21, Chris December 21, James January 13, Chris January 13, Alfred February 28, Chris February 28, Hello Alfred, Thanks for the comment.
Russ Schlegel May 16, Chris May 16, Add Comment Cancel reply Notify me of followup comments via e-mail. Harmonic Cypher Pattern Trading Guide. The Best Candlestick Pattern Indicator for MT4.
Trading the Shooting Star Candlestick Pattern Pinbar.