Trading Sessions Custom Indicator
for MetaTrader 4^®

The Idea Behind the Indicator 

We designed this indicator for the trading sessions designation on the chart. It draws multicolored rectangles for each trading session. You can fill in each rectangle with any color you prefer.

Trading sessions:

• London session
• New York session
• Tokyo session
• Sydney session

What Does It Include?

There are special period separators on 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

Indicator Parameters

Day Trading:

• Adjust for DST automatically — detects daylight saving time and draws sessions based on it automatically.
• Show Session Range — turn on/off showing distance (in pips) from the minimum to the maximum price for each session timespan.
• Start From Hour — period separators (vertical lines) drawing start time.
• Start From Minute — period separators (vertical lines) drawing start minute.
• H4 Chart — allows choosing the day to start drawing the week on the H4 chart.
• Daily Chart — period separators variant selection on the D1 chart rendering timeframe.

Period Separators:

• Period Separators On/Off — enable/disable the display of period separators.
• Period Line/Label Color — the color of vertical lines and period labels (date/range).
• Period Line Style — style of vertical lines.
• Period Line Thickness — thickness of vertical lines.
• Period Range Showing — show label (date) with distance (in pips) from the minimum to the maximum price for the current period.

London Session:

• London Session Showing — activate/deactivate the display of the London trading session.
• London Session Open Hour — London session opening time.
• London Session Line Thickness — line width of the London session square.
• London Session Line Style — line style of the London session square.
• London Session Color — the color of the London session square.

New York Session:

• New York Session Showing — enable/disable the display of the New York trading session.
• New York Session Open Hour — New York session opening time.
• New York Session Line Thickness — line width of the New York session square.
• New York Session Line Style — line style of the New York session square.
• New York Session Color — the color of the New York session square.

Tokyo Session:

• Tokyo Session Showing — activate/deactivate the display of the Tokyo trading session.
• Tokyo Session Open Hour — Tokyo session opening time.
• Tokyo Session Line Thickness — line width of the Tokyo session square.
• Tokyo Session Line Style — line style of the Tokyo session square.
• Tokyo Session Color — the color of the Tokyo session square.

Sydney Session:

• Sydney Session Showing — enable/disable the display of the Sydney trading session.
• Sydney Session Open Hour — Sydney session opening time.
• Sydney Session Line Thickness — line width of the Sydney session square.
• Sydney Session Line Style — line style of the Sydney session square.
• Sydney Session Color — the color of the Sydney session square.

How the Indicator Works on Various Charts

H1 and lower period charts

On the H1 chart, the indicator depicts:

• Time range of London, Tokyo, Sydney, and New York sessions
• Current day of the week and the time on which the line is placed (set in the parameters)
• Distance from the minimum to the maximum price for this period and each session

The Indicator on the M30 Chart with Custom Parameters

H4 period

In the H4 period, the indicator depicts:

• Lines for the start of the week (the day is shown in the parameters)
• Number of current days or months
• Distance from the minimum to the maximum price for the current period

The Indicator on the H4 Chart

The D1 period

In the D1 period, the indicator depicts:

• Lines of the start and the end of the month/quarter/year
• 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 with Default Parameters

Technical Requirements

There are some technical requirements you need for loading and proper work of the Trading Sessions indicator:

• A computer with all the necessary conditions for the MetaTrader 4® installation.
• The desktop version of MetaTrader 4® installed on your computer.
• The computer working hours should match the trading hours. The MT4® platform must be launched.
• The installed tool must be configured on the MT4® chart.

If you want to create a custom indicator,  order it here. A ready-made form will help you not to forget important aspects of your tool.

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