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Trading Sessions Custom Indicator for MT4®

Trading Sessions indicator

The Trading Sessions indicator is a convenient way to see the trading sessions on the chart. It can be used on each timeframe for depicting all the time information and calculating the difference between the highest and the lowest price of the chosen period.

Works on MetaTrader 4®

MetaTrader®, MetaTrader 5®, MT4®, MT5® are the registered trademarks of MetaQuotes Software Corp. | 4xDev.com is not associated with MetaQuotes Software Corp.

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Download Demo Demo-version works on Strategy Tester only

The idea behind the indicator

This indicator is intended for the trading sessions designation on the chart. It draws multicolored rectangles for each trading session. The user fills in each rectangle with any color he prefers.

Trading sessions:

What does it include?

There are special period separators upon all timeframes. They show dates (a year, time, day of the week) depending on a chart period and settings.

There are various options for higher-level timeframes. The indicator calculates the distance (in pips) from the minimum to the maximum price in the timespan depending on the chart period.

The indicator on the H1 chart

The indicator on the H1 chart with all default parameters

Indicator parameters meanings

How the indicator works on various charts

H1 and lower period charts:

On the H1 chart, the indicator depicts the time range of London, Tokyo, Sydney, and New York sessions, as well as the current day of the week with the time on which the line is placed (set in the parameters). Also, it identifies the distance from the minimum to the maximum price for this period and each session.

The indicator on the M30 chart

The indicator on the M30 chart with custom parameters

H4 period:

In the H4 period, the indicator depicts the lines for the start of the week (the day is shown in the parameters), the number of current days or months, and the distance from the minimum to the maximum price for the current period.

The indicator on the H4 chart

The indicator on the H4 chart with default parameters

The D1 period:

In the D1 period, the indicator depicts the lines of the start and the end of the month/quarter/year.Also, it represents the name of the current month and the year/quarter/year (depending on the input parameters), distance from the minimum to the maximum price for this month/quarter/year.

The indicator on the D1 chart

The indicator on the D1 chart with default parameters

Technical Requirements

There are some technical requirements that you need for loading and correct work of the indicator:

  • A computer that has all the necessary conditions for the MetaTrader 4® installing;

  • The desktop version of MetaTrader 4® installed on your computer;

  • The computer working hours should match with the trading hours. The MT4® platform must be launched;

  • The installed tool must be configured on the MT4® chart.

If you are interested in a custom indicator, you can order it here. A ready-made form will help you not to forget important aspects of your technical specification.

You are free in your final choice! Let it be the right one! Everyone profits!

Important information

All Products are provided “as is” without any warranties regarding effectiveness, performance, or suitability for particular purposes. The actual performance of the Products could be different from testing results and your expectations.

Please study carefully all information about the Products before purchasing.

The amounts paid for the Products are non-refundable.

4xDev assumes no liability for any direct or indirect losses resulting from the use of the Products.