What's the proper way of using the tradingsession indicator ?

Question

Rogerio · Accepted Answer

This is an indicator of trading sessions that can display all levels (Open-High-Low-Close) for four sessions. Sessions can be drawn with lines or rectangles (empty or filled), lines can be extended to the next session. You can easily hide/show each session by pressing hotkeys (by default '1', '2', '3', '4').You can see ASR (Average Session Range) lines (default hotkey 'A'). This is similar to the ADR calculation, only it is calculated based on the last X-sessions, which allows you to see the potential range of the current (and previous) sessions (how far the price can move today). The average is calculated as the sum of previous sessions divided by the number of sessions (parameter 'ASR period (num sessions to calculate the average)'), each session has its own ASR value.The indicator calculates and draws future sessions and their size. Correctly identifies holes in the history of quotes.It can also draw a vertical separator at the beginning of each session.The indicator automatically determines the color scheme of the chart.It also sends alerts when the session levels are touched by the price or when the price breaks through the closed session, for a given distance. Alerts for each session can be disabled.The parameter "Stop session if the other session starts" (hotkey 'S') allows you to stop a stale session and receive alerts when it breaks in a new session.The indicator can draw Pivot levels and send alerts on them. These levels are calculated based on the values of previous sessions (default hotkey 'P').Demo version you can download directly from your MT4 (MT5), from the Market tab.And you can try it in the strategy tester, in the visual mode.Version for MT4 & MT5.

What's the proper way of using the tradingsession indicator ?

1 Answer

1 Answer

What's the proper way of using the tradingsession indicator ?

1 Answer

1 Answer

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