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Trading Sessions Open Close Indicator
Trading Sessions Open Close indicator helps to determine the price range and price behavior during a particular trading session. You can use this information for forecasting and trading.

CATEGORIES: MT5, INFORMATIONAL
Updated on: 11.11.2023

If you have been trading forex for a while, you may have heard about the different trading sessions. You can get confused about when a session starts and ends, and you won’t be able to chart session changes. Here is a custom indicator for this purpose.

What is the Trading Sessions Open Close indicator?
Trading Sessions Open Close is a session separator indicator. It distinguishes between Asian, European and American sessions on your chart. You can benefit from the most unstable sessions or hours without any hassle. You can colorize each trading session. Now you know what the current trading session is.

The indicator is useful for determining price action and price range during a particular session.

How to use the Trading Sessions Open Close indicator?
The two major functions of the indicator are to determine:

Price pattern during a certain session (range, trend or countertrend).
Price range of a trading session.
Once you know these two parameters, you can use this information to predict or trade the next price leg. The color of the trading session tells you about the upper and lower price limits. You can either trade a bounce or a range breakout.