Session Box Indicator for MetaTrader 5 Download - Free - TradingFinder

The Session Box Indicator is one of the session and kill zone indicators for MetaTrader 5.

It allows traders to view the exact opening and closing times of various financial markets based on the working hours of central banks.

This indicator displays the status (open or closed) and start and end times of each session through an information panel, providing traders with the status of each session.

Additionally, this tool displays the high and low price ranges of each session by drawing colored boxes on the price chart, which is useful for traders in identifying market trends and volatility.

This information enables users to identify trading instruments with suitable volatility and optimize their trading strategies accordingly.

 The trading sessions displayed in this indicator include Tokyo, Sydney, London, Frankfurt, and New York, each playing a significant role in price movements and market liquidity.

Session Box Indicator Table

The table below outlines the general specifications of the Session Box Indicator.

Price Movement and Start of a Bullish Trend

The Session Box Indicator displays the opening and closing status of each trading session using colored boxes, allowing traders to identify the highs and lows of each session.

The box range is determined from the opening time based on the highest and lowest prices during that timeframe.

In the 15-minute EUR/USD chart, we observe high volatility in the US dollar due to its high liquidity during the New York session.

The highs and lows formed during the European session (London) are particularly important for traders in the New York session.

The price began to decline during the New York session and, after breaking the low of the London session, accumulated some liquidity and moved upward.

This movement continued after the New York session ended, causing the market trend to shift from bearish to bullish.

Price Movement and Start of a Bearish Trend

The Session Box Indicator displays the highs and lows of each trading session by drawing colored boxes.

The range of these boxes is determined from the opening time of the central banks in Frankfurt and London, based on the highest and lowest prices during that timeframe.

The European session begins with the opening of Frankfurt and, one hour later, the London session starts, collectively forming the European session.

In the GBP/JPY chart, the price entered a bearish trend during the European session after breaking the low of the Sydney session.

Subsequently, as the price trend turned bearish during the New York session, a retracement occurred near the breakout level, coinciding with the closing of the London session.

After this retracement, the price continued its bearish trend toward the breakout level.

Session Box Indicator Settings

The settings for the Session Box Indicator are as follows:

Variable

• Previous Candles: Set the number of candles for calculations.
• ShowPanel: Enable/disable the indicator panel.
• Background: Set the panel background.
• UTC Time (true), Local Time (false): Calculate times based on UTC.

Asia Session

• Asia Zone: Enable/disable the Asia zone.
• Asia color custom: Set the color for the Asia session.
• Asia Fill: Enable/disable filling the Asia session box.
• Asia Start Time (HH:MM): Set the start time for the Asia session.
• Asia End Time (HH:MM): Set the end time for the Asia session.

Sydney Session

• Sydney Zone: Enable/disable the Sydney zone.
• Sydney color custom: Set the color for the Sydney session.
• Sydney Fill: Enable/disable filling the Sydney session box.
• Sydney Start Time (HH:MM): Set the start time for the Sydney session.
• Sydney End Time (HH:MM): Set the end time for the Sydney session.

Tokyo Session

• Tokyo Zone: Enable/disable the Tokyo zone.
• Tokyo color custom: Set the color for the Tokyo session.
• Tokyo Fill: Enable/disable filling the Tokyo session box.
• Tokyo Start Time (MM:SS): Set the start time for the Tokyo session.
• Tokyo End Time (MM:SS): Set the end time for the Tokyo session.

Europe Session

• Europe Zone: Enable/disable the Europe zone.
• Europe color custom: Set the color for the Europe session.
• Europe Fill: Enable/disable filling the Europe session box.
• Europe Start Time (MM:SS): Set the start time for the Europe session.
• Europe End Time (MM:SS): Set the end time for the Europe session.

London Session

• London_Zone: Enable/disable the London zone.
• London color custom: Set the color for the London session.
• London Fill: Enable/disable filling the London session box.
• London Start Time (MM:SS): Set the start time for the London session.
• London End Time (MM:SS): Set the end time for the London session.

New York Session

• Newyork Zone: Enable/disable the New York zone.
• Newyork color custom: Set the color for the New York session.
• Newyork Fill: Enable/disable filling the New York session box.
• Newyork Start Time (MM:SS): Set the start time for the New York session.
• Newyork End Time (MM:SS): Set the color for the New York session.

Conclusion

The Session Box Indicator is one of the ICT indicators for MetaTrader 5. It is highly useful for traders in financial markets, especially in Forex.

By using a time panel and displaying the start and end times of each trading session, this indicator enables traders to identify trading opportunities and perform more specialized analysis.