Visualizing Global Market Sessions, Ranges, and Overlaps
Summary
This chart indicator marks the Tokyo, London, New York, and Sydney trading sessions. Users can enable sessions, set their hours in a chosen timezone, and view activity as price range boxes, background zones, a timeline, or colored candles. During each session, the script tracks its high, low, and opening price, supporting visual comparison of session ranges and price movement.
Optional features include open and close lines, a midpoint level, labels, session range or open-to-close changes in pips or percent, overlap merging, and controls for weekend display and historical lookback. Alerts can mark session starts and new session highs or lows. The supplied code and settings explain how the visualization works, but the document gives no trading rules, performance evidence, or analysis showing that a particular session pattern predicts returns. Session definitions depend on the selected hours and timezone, and the tool is limited to intraday charts.
Key ideas
- The indicator tracks session highs, lows, and opening prices for four global trading sessions.
- Users can display sessions as boxes, zones, a timeline, or candle colors.
- Optional lines and range measures summarize session levels and price movement.
- Overlap merging and weekend controls change how session activity appears on the chart.
- Session start and new high or low alerts are available, but no predictive performance evidence is provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.