Thread: Trading Sessions Indicator

Hey guys,

Here's a little indicator that I coded just now, thought maybe some of you would find it helpful. I like trading the London session, but sometimes gets confused about exactly when it starts and ends. This indicator basically paints boxes around different trading sessions that you are interested in, NY, London, Tokyo and Sydney.

Enjoy!
Beans

Originally Posted by beans

Hey guys,

Here's a little indicator that I coded just now, thought maybe some of you would find it helpful. I like trading the London session, but sometimes gets confused about exactly when it starts and ends. This indicator basically paints boxes around different trading sessions that you are interested in, NY, London, Tokyo and Sydney.

Enjoy!
Beans

Hi Beans,

Very nice! Also a great example of how to draw shapes on the chart.

Thanks for sharing,

autoforexer

HI beans
thank you for this indicator.
I use the same indicator in fxcm trading station,
here you can download it
FXCodeBase.COM: Forex Chart Indicators and Development • View topic - Trading Session Hours for Aug 27, 10 Trading Station Release
but trading sessions hours are different.
Another problem whit your indicator is that sidney and tokyo rectangle precisely overlap, in trading station indicator two rectangle are shifted.
Can you verify on a 15' chart?
Thank you

Thank you for your post Beans!

I often use Strategy Trader, and an indicator like this is extremely helpful.

I also noticed thathe Tokyo and Sydney 'boxes' do precisely overlap, as noted by gg_frx. I use the indicator on marketscope as well, but find this to be more pleasing to the eye.

This may be of interest to someone: if you apply this indicator to a chart, and change the chart timeframe to 1000 Tick (or something not time-based) you can somewhat see session volume. I hope this helps someone with strategy development or scalping!

Thank you for your posts and best of luck trading!

hello
can you tell me how do i do 1000 tick?
thanks chicca

right click on a chart


select "Format Symbol"

Change the chart type Resolution to 1000 Ticks

Click OK.

-jd

sorry Sir
but I m not able to open "format symbol" on clicking the right botton!
on the chart, car there are a lot of other possibilities but not that u suggested me
what can i do?
regards chicca

Hello,
Simply right click anywhere on a chart and select Format Symbol. See below.

Thanks for good indicator

I was wondering if you can help us to code the MA Bars that can paint on the chart , refer to Screenshot, that would be awesome

Kevin

Originally Posted by beans

Hey guys,

Here's a little indicator that I coded just now, thought maybe some of you would find it helpful. I like trading the London session, but sometimes gets confused about exactly when it starts and ends. This indicator basically paints boxes around different trading sessions that you are interested in, NY, London, Tokyo and Sydney.

Enjoy!
Beans

I've attached my own version of the Trading Sessions indicator, which varies slightly in the original (thanks Beans!) in times posted. I've also included a functional workspace that displays the trading sessions on various currency pairs. I hope you all find this useful.

When I change AddHours to (10-timezone) (Australian Std Time) in the script at lines 118 and 169 the Sydney and Tokyo boxes display local times and enclose price range correctly but the London and New York boxes are way off the price range although times are correct.
Is there something else in the text I need to edit?

Originally Posted by Cool66

When I change AddHours to (10-timezone) (Australian Std Time) in the script at lines 118 and 169 the Sydney and Tokyo boxes display local times and enclose price range correctly but the London and New York boxes are way off the price range although times are correct.
Is there something else in the text I need to edit?

I seem to remember there was an error in the code. I wrote my own which (I hope) fixes this, also it has more options for flexibility, and better formatting. You can find it on my website.

The indicator handles up to 4 sessions, which are configured by a string, such as "On, Tokyo, 9:00, 15:00, +9". 1st field is On/Off; 2nd field is the label; 3rd & 4th fields are open & close time; 5th field is timezone offset. You also specify the local timezone. There is also a "verbose" option which displays the Day and the pips (open to close and total range).

(PS: I think you might need the "Utils" code as well, which is also on the website, as it is used for Price/Pips conversion in the indicator.)

Let me know if it does the job for you.

Thanks Robocod

I'll work on my charts with your code this weekend and let you know how it goes.

Cheers.

Hi Robocod,

This indicator is much better.

I changed line 29 to {0, -1, -8, +10} to coincide with AEST (GMT+10) which my trading platform local time is set to.

I also changed line 30 to {"Sydney", "Tokyo", "London", "NewYork"}.

With the above offsets, all is well except the London box, which closes at 2300 local and will not extend beyond this time no matter how much I manipulate the time settings. I presume this has something to do with the fact that the London session, in my time zone, spans either side of midnight.

Price is correctly contained within the session boxes in all cases.

Regards,
Cool66.

Originally Posted by Cool66

With the above offsets, all is well except the London box, which closes at 2300 local and will not extend beyond this time no matter how much I manipulate the time settings. I presume this has something to do with the fact that the London session, in my time zone, spans either side of midnight.

Thanks for the feedback. I will have a look at that. Perhaps if I adjust my PC's local time to Aus I can test this.

PS: Please check you have latest version. I have a problem on my website (issues with caching old files), and so despite uploading a new file, sometimes you get the old one. You might want to try and "clear your browser cache" to force it to pick up the latest one. The latest indicator has the ability to set the local time as one of the Inputs. If you don't have that then you've picked up the older one instead - which I know did have a problem with day boundaries.