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Indicator : Highlight Trading Session Hours
The indicator highlights the trading sessions for the New York, London and Tokyo
Sidney Trading Session: 5:00 PM - 2:00 AM (EDT/EST)
Tokyo Trading Session: 7:00 PM - 4:00 AM (EDT/EST)
London Trading Session: 3:00 AM - 12:00 PM (EDT/EST)
New York Trading Session: 8:00 AM - 5:00 PM (EDT/EST)
See more about the trading session here: fx market hours and here: Forex Market Hours
You can choose any combination of these three sessions to show. The session also highlights the highest and the lowest price during the session.
Because N-hours candles are always aligned against the FXCM's trading day (17:00EDT/EST), the indicator cannot highlight the trading sessions on the time frames higher than 1 hour.
The indicator shows open, close, high, low values of the session and the distance from open to high, low and close in pips. This information can be shown as on the chart as well as on the tooltip which appears when the mouse cursor is positioned over the session label. The user can choose as the data to show as well as the way how the data is shown.
The indicator can draw midline, open-to-close line and triangulation lines for the session. The user can turn any of these lines on or off and can choose the style for any of these lines.
1) Add quarter lines ((H + M) / 2, (L + M) / 2))
2) Add line extension for N sessions ahead.
3) Add extended sessions set:
enhanced session options(server times)
Sydney-Tokyo cross 19:00 to 01:00
Tokyo 01:00 to 03:00
Tokyo-London cross 03:00 to 04:00
London 04:00 to 08:00
London-NY cross 08:00 to 12:00
NY 12:00 to 17:00
So, please, stay tuned for updates.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.