Avg Session & Daily Volatility (Pips) - Forex/CFDS

🔍 Overview
The Avg Session & Daily Volatility (Pips) indicator measures the average High–Low range (volatility) of three major Forex sessions—Asia, London, New York—and the entire trading day, then displays the results in a compact overlay table.

⚙️ Key Features
Session Windows

Asia: Default 23:00 – 07:00 server time

London: 07:00 – 16:00

New York: 13:00 – 22:00

Daily Range
– Tracks the full High–Low from midnight to midnight.

Flexible Lookback
– Choose 1W / 2W / 4W / 8W (≈ 5 / 10 / 20 / 40 trading days)

Pip Conversion

Forex Pairs: 1 pip = 0.0001 → (ticks / mintick) / 10

XAU/USD (Gold): 1 pip = 1 USD → direct price difference

Custom Styling
– Pick your own colors per session & daily
– Table position: Left/Center/Right × Top/Middle/Bottom

📈 Benefits & Use Cases
Optimal Stop-Loss & Take-Profit
Gauge each session’s typical movement to size SL/TP appropriately.

Intraday Performance Check
Compare your real-time trade swings against historical averages.

Risk Management
Align position sizes with average volatility to control risk.

Multi-Asset Support
Works seamlessly for major Forex pairs and Gold (XAU/USD) thanks to smart pip logic.

🚀 How It Works
Session Scanning – Continuously tracks the session’s high and low.

Array Storage – At session close, calculates range in pips and pushes it into a rolling buffer.

Averaging – Computes the arithmetic mean of the last N values (your chosen lookback).

Visualization – Paints the four averages in a neat 2×5 table overlay.

👍 Pro Tips
Check Your Time Zone – Make sure chart timezone matches your broker’s session times.

Tweak Lookback – Use shorter windows (1W) to react quickly; longer (4–8W) to smooth out outliers.

Combine Indicators – Pair with volume or trend tools for deeper insights.

Happy Trading,
Riseofatrader