Forex Sessions Indicator to TradingView - Free - [TF Lab]

The Forex Sessions Indicator is a practical tool that displays major financial markets' opening and closing times. It is specifically designed for traders to easily view the active hours of critical global markets, including Sydney, Tokyo, London, and New York. Using a time panel located in the top left corner of the chart, traders who rely on session timings and market volumes can optimize their market entries with better awareness.

Forex Sessions Indicator Table

How the Indicator Works

In the 5-minute chart of GBP/USD, the Forex Sessions Indicator displays the opening and closing times of various financial markets using colored rectangles on the price chart. This tool helps traders adjust their trading decisions by identifying active market hours and taking advantage of fluctuations related to each session.

Asia Session (ASIA)

Trading session opening and closing times are crucial in market analysis and decision-making. In the Asian session, which begins with the Shanghai Stock Exchange (SSE), trading volumes are generally lower than in the London and New York sessions. Key pairs like the Japanese Yen, Australian Dollar, and New Zealand Dollar are more active in this session. Additionally, the highs and lows of the Asian session are significant for traders in the European session as they can significantly influence market analysis.

Critical Times of the London Session

The London session starts at 8:30 with the opening of the Frankfurt Stock Exchange, followed by the central market movement when the London Stock Exchange opens at 9:30.

Critical Times of the U.S. Session

The U.S. session begins at 8:00 a.m. U.S. time and peaks with the opening of the New York Stock Exchange at 9:30 a.m. This session is particularly suitable for traders interested in futures trading, as the highest trading volumes occur during the overlap of the London and New York sessions. This provides a golden opportunity for more precise market analysis and capitalizing on high market volatility.

Indicator Panel

The time panel of the Forex Sessions Indicator, located at the top left of the price chart, displays the market opening and closing times, helping traders easily track different market timings. This panel is handy for more detailed analysis and more effective decision-making in trading, as it allows traders to identify the strengths and weaknesses of various markets and tailor their trading strategies according to specific timings.

Indicator Settings

• Caption: 1-Minute Chart of Gold
• Asia Session: Toggle Asia Session On/Off / Set Custom Times
• Color: Session Range Color
• Sydney Session: Toggle Sydney Session On/Off / Set Custom Times
• Color: Session Range Color
• Tokyo Session: Toggle Tokyo Session On/Off / Set Custom Times
• Color: Session Range Color
• Shanghai Session: Toggle Shanghai Stock Exchange On/Off / Set Custom Times
• Color: Session Range Color
• Europe Session: Toggle Europe Session On/Off / Set Custom Times
• Color: Session Range Color
• London Session: Toggle London Session On/Off / Set Custom Times
• Color: Session Range Color
• New York Session: Toggle New York Session On/Off / Set Custom Times
• Color: Session Range Color
• NYSE: Toggle New York Stock Exchange On/Off / Set Custom Times
• Color: Session Range Color
• Info Table: Toggle Session Opening and Closing Time Panel On/Off

Summary

The Forex Sessions Indicator, with its colored display of trading session opening and closing times on the chart, is a practical tool for session traders and those who make decisions based on volume and trading times. This indicator offers a time panel for various markets, including the Shanghai and New York Stock Exchanges, helping traders accurately monitor market timings and optimize their trading strategies.