Xi Asian Session Indicator MetaTrader 5 – Free Download [TradingFinder]

The Xi Asian Session Indicator is a suitable tool for analyzing market conditions during the low-volatility hours of the Asian session.

This indicator defines the time range of the Asian session on the chart and shows price ranges and accumulation zones.

These zones serve as the basis for powerful subsequent moves in the London and New York sessions; identifying these bands enables more precise analysis of support and resistance levels.

Xi Asian Session Indicator Table

The general features of the Xi Asian Session Indicator are presented in the table below:

Xi Asian Session Indicator at a Glance

The Xi Asian Session Indicator draws a rectangular range, marking the Asian session time span and the price movement range on the chart.

Price breaking out of this range is considered a strong signal for the beginning of a new move. In such conditions, there are two analytical strategies:

• Breakout strategy: Entry immediately after the candle closes outside the range;
• Pullback strategy: Waiting for the price to return to the range and re-confirmation for trade entry.

This tool essentially identifies the starting point of powerful market moves later in the day.

Bullish Trend in the Xi Asian Session Indicator

In a bullish scenario and using the breakout strategy, a price surpassing the Asian session range (as shown in the image) signals the beginning of an upward move.

After the candle closes above the range, the conditions for a buy trade are established. This breakout is usually accompanied by increased volume and momentum, which strengthens the probability of trend continuation.

Bearish Trend in the Xi Asian Session Indicator

In a bearish scenario, based on the pullback strategy, after breaking the Asian session range downward, the price typically returns to the broken level for retesting.

At this stage, the formation of valid price action patterns, such as a Pin Bar (as shown in the image) confirms the continuation of the downward move.

Xi Asian Session Indicator Settings

An overview of the settings of the Xi Asian Session Indicator is shown in the image below:

Info1

• Session opening hour: Start time of the Asian session
• Session closing hour: End time of the Asian session
• Alarm for when the range exceeds the range alarm threshold: Alarm when the Asian session price range is exceeded
• Range alarm threshold: Range alarm threshold
• Show label with current channel range: Display current range label
• Color of label with current channel range: Color of current range label
• Number of past days to draw the session channel on the chart: Number of past days to draw the session channel on the chart

Info2

• Draw a vertical line to show the session open: Draw a vertical line to display the session start
• Color of the session open time line: Color of the session start line
• Style of the session open time line (0 – 4): Style of the session start line
• Width of the session open time line: Width of the session start line
• Label for session open time line: Label of the session start line

Info3

• Draw a vertical line to show the session close: Draw a vertical line to indicate session end
• Color of the session close time line: Color of the session close line
• Style of the session close timeline (0 – 4): Style of the session close line
• Width of the session close time line: Width of the session close line
• Label for session close time line: Label of the session close line

Conclusion

The Xi Asian Session Indicator, by showing the price range during the Asian trading hours, defines an important zone for market analysis.

This range later plays a crucial role in forming powerful moves in the London sessions and New York sessions, providing suitable areas for entering buy and sell trades.