Market Sessions

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Market Sessions Indicator
Market sessions indicator for MT5. Displays forex trading sessions separately, as well as the maximum and minimum price of the previous session.

CATEGORIES: MT5, INFORMATIONAL
Updated on: 21.12.2023

The Market Sessions indicator for MT5 displays the trading sessions of the day with horizontal lines. In addition, it displays the opening price of the current trading session, as well as the high and low of the previous trading session. In addition, it shows the future trading session on the price chart. Thus, forex traders can independently determine the BULL or BEAR price trend in market sessions and BUY or SELL accordingly.

Each trading session has its own characteristics in terms of the nature of the trend, price volatility and trading volumes. The indicator can be used by both beginners and experienced forex traders to apply different technical trading strategies to each trading session.

The indicator can be applied to all chart timeframes; however, the maximum limit corresponds to the input settings of the indicator. The price chart below the M15 timeframe is best for trading; on higher timeframes, the lines are too close to each other. In such a case, forex traders may disable certain market session lines for clarity.