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Another simple information
indicator showing the most important trading sessions of the foreign exchange market.

Everyone
knows that a trading session is a period of time during which banks and
others
market participants are actively trading, while they are activated at certain hours of the working day.

The foreign exchange
market, stock markets and commodity markets are open around the
clock from Monday to Friday, except for holidays.
When
they are still sleeping in one country, in another the working day is already in full swing,and somewhere it is just beginning
or is already coming to an end.
In the
MetaTrader 4 trading terminal, standard timestamps are displayed only at the
beginning of a new day.
Thedaily periods are separated by vertical dotted
lines, which can be enabled and disabled by simply pressing the keyboard shortcut
“Ctrl Y”.

The operation of the
indicator.

This indicator clearly shows the beginning, end,
highs and lows of trading sessions on the chart.
As well as the number of
points passed by the price (APR), past sessions and the session that is currently active.
When adding it to the chart, it places
graphical objects related to trading sessions.
The color, size of the text, price labels
and styles of all graphic objects, as well as set the time of the indicator’s
trading session,
it can be changed in the input parameters.

The indicator makes it very easy to
understand the chart and price movements for the past and current time period.

The main
trading sessions are considered to be:

[spoiler title=”Read More…”]

  • Asian
    (Asia)
  • European
    (Europe)
  • American
    (America)

    Note 1: There are moreAustralian
    (Pacific) (Pacific)     trading session,
    but it is less volatile and short-term. It is not displayed in the Indicator.

    Note 2:
    Each of the trading sessions, in the world, differs from the others not only
    by the working time,
    but also some specific features of trading.


Indicator Parameters

  • Show price tags high and low sessions current day-Show the price tags of the current day’s trading sessions, by default: True.
  • Color Price Tags trading sessions – The color of the price tags, by default: DodgerBlue.
  • Size Price Tags trading sessions –  The size of price tags, by default: 1.

  • Show the name and ATR sessions-Show the name of trading sessions and ATR (the number of points between the minimum and maximum per trading session), by default: true.
  • On / Off the name of the sessions –  Enable Disable only the name of the vehicle, by default: false.
  • The color of the names of the session and ATR – The color of the text of the ATR and the points passed, by default: DodgerBlue.
  • The font size of the names of the session and ATR-The text size, by default: 8.
  • Indent font name of the session and ATR – The text indent from the rectangle of trading sessions up, by default: 20.

  • Number of days to display sessions – The number of days for the session indicator to display, by default: 5.

  • Opening hours of the Asian session – The opening time of the Asian trading session, by default: 02: 00. (Moscow time)
  • Closing hours of the Asian session – The closing time of the Asian trading session, by default: 09: 00. (Moscow time)
  • The color rectangle of the Asian session – The color of the rectangle of the Asian trading session, by default: DodgerBlue.
    • Opening hours of the European session – The opening time of the European trading session, by default: 09: 00. (Moscow time)
    • Closing hours of the European session – Closing timeEuropean trading session, by default: 17: 00. (Moscow time)
    • The color rectangle of the European session – The color of the rectangleEuropean trading session, by default: DodgerBlue.
  • Opening hours of the European session – The opening time of the European trading session, by default: 09: 00. (Moscow time)
  • Closing hours of the European session – Closing timeEuropean trading session, by default: 17: 00. (Moscow time)
  • The color rectangle of the European session – The color of the rectangleEuropean trading session, by default: DodgerBlue.
    • Opening hours of the American session – The opening time of the American trading session, by default: 15: 30. (Moscow time)
    • Closing hours of the American session – Closing timeThe American trading session, by default: 22: 00. (Moscow time)
    • The color rectangle of the American session – The color of the rectangleThe American trading session, by default: DodgerBlue.


    Note    : The indicator is suitable for working with any color of the chart background
    and is very convenient for analyzing price movements over time.

    [/spoiler]

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