Market session indicator mt4 displays the different trading sessions of all significant exchanges in a vertical dotted line. Each exchange has its specific coloured line. The indicator also plots the current and previous session’s highs and lows. This information is necessary for all traders, whether beginners or pros. By keeping an eye on the different trading sessions, the traders can find the best time spots during which the volatility is maximum and enjoy seamless trading with very low spreads.
| Name | Market Sessions Indicator MT4 |
| Indicator Function | Displays Different Market Session |
| Platform | MT4 |
| File Size | 45.0KB |
Working of Market Sessions indicator MT4:
When applied to mt4 charts, the indicator will draw vertical dotted lines with different colours. The indicator will draw the session’s start and end line for each exchange. The colours corresponding to each exchange are in the table below.
| Session | Colour |
| Tokyo | Sky Blue |
| Sydney | Plum |
| London | Magenta |
| New York | Gold |
Settings of Market Sessions Indicator MT4:
In the indicator’s settings, you can modify the colours and lines for each session. Also, you can modify the indicator to either show or hide a specific market session. This comes in handy when working 30M or above timeframes.
Using the Market Session Indicator MT4:
This indicator does not give a buy or sell signal since it is only informational. But knowing the start and end of a market session is also very critical. Because if you are trading in a session with significantly less volatility, then your order will not be fulfilled immediately, and you will have to wait for some time.
Also, if you are a scalper of a day trader, you should look for the timeframes where there is session overlap. Because during session overlaps, the market volatility is maximum, and many traders are placing their trades.
Another advantage of using this indicator is that you can see by comparing the current market highs and lows with previous ones if the market is moving in a bullish or bearish trend.
Conclusion
For every trader, the market sessions are essential; this indicator gives you that information right on the charts. You can use your strategies and analysis to predict if the market will go up or down. To download the indicator for free, Please click on the button below.
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