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Trading Sessions - Sonarlab

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The Trading Sessions indicator shows the most significant trading sessions for the Forex market, such as London, New York and Asian.

The sessions are presented as colored boxes on the chart, thereby clearly indicating open and close times of a particular session, as well as its trading range.

How is this Forex market session indicator used?

Traders normally use trading sessions to determine the volatile hours throughout the day, since the trading activities vary from one stock exchange to another.

London and New York market trading sessions are considered to be the most volatile, especially during the 4-hour overlap.

There are also strategies aiming only at the opening of the London session or those that allow trading only during the Asian session.

Backtesting
When testing out your strategy this Indicator can be handy to use while backtesting in Tradingviews replay mode. Only backtest the sessions you will normally trade.

Settings:
For each session:

Time beginning - end
Show session range or only beginning
Colors
Overlay type: BOX/ Background/ High - Low
Display settings statistics
ADR
Mid line (50%)
Range

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Added an option to show the session name
Added different line styles for the High/Low lines and the Box Border
Minor bug fixes and changes

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Trading Sessions by Sonarlab v1.3
- Added Time zone option
- Fixed different session times bug
- Fixed High/Low display option bug
- Minor Changes

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What is new?