Sonarlab

Trading Sessions - Sonarlab

The Trading Sessions indicator shows the most significant trading sessions for the Forex market, such as London, New York and Asian.

The sessions are presented as colored boxes on the chart, thereby clearly indicating open and close times of a particular session, as well as its trading range.

How is this Forex market session indicator used?

Traders normally use trading sessions to determine the volatile hours throughout the day, since the trading activities vary from one stock exchange to another.

London and New York market trading sessions are considered to be the most volatile, especially during the 4-hour overlap.

There are also strategies aiming only at the opening of the London session or those that allow trading only during the Asian session.

Backtesting
When testing out your strategy this Indicator can be handy to use while backtesting in Tradingviews replay mode. Only backtest the sessions you will normally trade.

Settings:
For each session:
  • Time beginning - end
  • Show session range or only beginning
  • Colors
  • Overlay type: BOX/ Background/ High - Low
  • Display settings statistics
  • ADR
  • Mid line (50%)
  • Range
Release Notes: Added an option to show the session name
Added different line styles for the High/Low lines and the Box Border
Minor bug fixes and changes

Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?