FX Sessions

4 dni temu

The FX Sessions Indicator is a powerful tool for traders to analyze price movements during major global trading sessions: Sydney, Tokyo, London, and New York. It offers clear visualizations and customizable features to enhance trading strategies and market analysis.

Features
• Session Visualization
• Displays time ranges for Sydney, Tokyo, London, and New York sessions.
• Color-coded session boxes for quick differentiation.
• Customizable session names, pip ranges, and high/low markers.
• High/Low Levels
• Draws session-specific high and low levels for better reference.
• Adjustable line styles and opacities for improved visibility.
• Text Annotations
• Adds session details (name, pip range, high/low levels) to the chart.
• Position text dynamically: top-right, top-left, bottom-right, or bottom-left.
• Forex and Crypto Adaptation
• Automatically detects the asset type (Forex or Crypto).
• Special logic to exclude Sydney session on Fridays for crypto pairs.
• Global Time Zone Accuracy
• Uses each session’s native time zone for precise representation.

Who Is This For?
Forex Traders
• Identify key levels and price behavior during specific sessions.
Crypto Traders
• Study session overlaps and analyze price action in crypto markets.
Session Overlap Analysts
• Understand the impact of overlapping sessions on market movements.

Benefits
Session-Based Analysis
Gain insights into volatility and liquidity during major trading hours.
Improved Strategy Execution
Use session highs/lows and pip ranges as key trading references.
Customizable Settings
Adjust visuals to fit your specific strategy and chart preferences.

Limitations
• Data Constraints
Pine Script limits the script to analyze the last 500 bars.
• Holidays
The script does not automatically account for market holidays.


Disclaimer:
This script is for educational purposes and should not be considered financial advice. Always conduct proper analysis and risk management when trading.