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Using MT4 Boxes to Mark Asian, London, and New York Session Ranges

Article MQL5 code base
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Summary

The document describes an MT4 indicator that draws separate colored boxes for the Asian, London, and New York trading sessions. Each box marks a session’s high-low range, with extension lines intended to carry those levels forward for chart reading. Optional labels can display the session name and range, and each session can be enabled or disabled independently. The indicator is presented as a visual aid for session-based breakout strategies and market-structure analysis.

Users can configure session times and adjust for the difference between broker server time and GMT, which matters when mapping session boundaries onto a chart. The description says it works across timeframes but offers no rules for entering or exiting trades, no asset-specific guidance, and no backtest or performance results. The boxes can help organize price action around trading sessions, but the document does not show that range breaks provide an edge or explain how to handle false breaks and risk.

Key ideas

  • The indicator marks Asian, London, and New York sessions with separate high-low boxes.
  • It can extend session range levels and optionally label each session and its range.
  • Session times and broker-to-GMT offsets are configurable.
  • The tool supports visual analysis but does not provide tested breakout rules or performance evidence.

Tags

Technical indicatorsBreakoutMarket microstructureForex

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.