Session Manager Indicator for MT4 Download - Free - [TradingFinder]

Time management and understanding the various market activities are crucial in the fast-paced world of financial markets. Each financial market operates differently at its respective hours, so analyzing fluctuations and trading volumes at different times is vital for traders.

The Session Manager indicator in Meta Trader 4 provides a clear view of significant market times like London, New York, Tokyo, and Sydney. By analyzing these times alongside the price on the chart, traders can identify suitable times for entry and exit and apply better strategies.

Indicator Specifications Table

Uptrend Conditions

Traders use the Session Manager indicator to analyze price behaviour across different timings and understand the impact of each session on that asset. Factors such as the trading volume in that session, maintaining Support and Resistance levels, and session convergence should be considered when using this indicator. The USD/JPY price chart on the 1-hour timeframe indicates an uptrend during the overlap of the Sydney and Tokyo trading sessions.

Downtrend Conditions

The EUR/USD price chart on the 1-hour timeframe shows a downtrend during the overlap of the London and New York sessions. According to the image, the trend is in a range during the London session, but the primary trend begins as soon as it overlaps with the New York session.

Settings

• Theme: In this section, the indicator's appearance can be adjusted;
• Sydney start time (local): You can set the start time of the Sydney session according to your local time;
• Sydney end time (local): You can set the Sydney session end time according to your local time;
• Sydney Difference: You can set the time difference between the Sydney session and your local time;
• Tokyo start time (local): You can set the Tokyo session start time according to your local time;
• Tokyo end time (local): You can set the Tokyo session end time according to your local time;
• Tokyo Difference: You can set the time difference between the Tokyo session and your local time;
• London start time (local): You can set the London session start time according to your local time;
• London end time (local): You can set the end time of the London session according to your local time;
• London Difference: You can set the time difference between the London session and your local time;
• New York start time (local): You can set the New York session start time according to your local time;
• New York end time (local): You can set the New York session end time according to your local time;
• Difference with GMT: You can set the difference between your local time and Greenwich Mean Time (GMT).

Conclusion

The Session Manager Indicator is a vital and practical tool in Meta Trader 4. With the ability to set time differences and customization, it helps traders better understand price movements. The Session Manager Indicator is highly practical when used alongside other tools.