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Trading Session Hours for Aug 27, 10 Trading Station Release

PostPosted: Sat Aug 28, 2010 10:00 pm
by Nikolay.Gekht
The indicator is the new version of the Trading Session Hours Highlight indicator.

The indicator highlights the trading sessions for the New York, London and Tokyo

Sidney Trading Session: 5:00 PM - 2:00 AM (EDT/EST)
Tokyo Trading Session: 7:00 PM - 4:00 AM (EDT/EST)
London Trading Session: 3:00 AM - 12:00 PM (EDT/EST)
New York Trading Session: 8:00 AM - 5:00 PM (EDT/EST)

See more about the trading session here: http://www.fxwords.com/f/fx-market-hours.html and here: http://www.forexmarkethours.com/

You can choose any combination of these three sessions to show. The session also highlights the highest and the lowest price during the session.

Because N-hours candles are always aligned against the FXCM's trading day (17:00EDT/EST), the indicator cannot highlight the trading sessions on the time frames higher than 1 hour.

The indicator shows open, close, high, low values of the session and the distance from open to high, low and close in pips. This information can be shown as on the chart as well as on the tooltip which appears when the mouse cursor is positioned over the session label. The user can choose as the data to show as well as the way how the data is shown.

The indicator can draw midline, open-to-close line and triangulation lines for the session. The user can turn any of these lines on or off and can choose the style for any of these lines.

TRADESESSIONS.png


Download:
TRADESESSIONS.lua
(20.38 KiB) Downloaded 11009 times


Further plans:
1) Add quarter lines ((H + M) / 2, (L + M) / 2))
2) Add line extension for N sessions ahead.
3) Add extended sessions set:
enhanced session options(server times)
Sydney 17:00-19:00
Sydney-Tokyo cross 19:00 to 01:00
Tokyo 01:00 to 03:00
Tokyo-London cross 03:00 to 04:00
London 04:00 to 08:00
London-NY cross 08:00 to 12:00
NY 12:00 to 17:00
So, please, stay tuned for updates.

Re: Trading Session Hours for Aug 27, 10 Trading Station Release

PostPosted: Fri Sep 24, 2010 4:24 am
by tulasi
its ok but why dont you add an option of choosing the market hours by the user rather fixing them in it itself i.e london time(variable) like dat
that vl be more help ful , it can also make the hours that i trade get highlighted
thank you

Re: Trading Session Hours for Aug 27, 10 Trading Station Release

PostPosted: Sat Sep 25, 2010 10:12 pm
by a135711
Nikolay,
well done thus far. once you get to the rest of the upgrades, i think we ought to think about creating a separate version this indicator for the RSI candle indicator. or
[url]http://fxcodebase.com/code/search.php?fid[]=17[/url]

if it is possible, then we can compare the polygons created for the rsi candle and the polygon created by the price candle on a session by session basis.

i appreciate your excellent work

Re: Trading Session Hours for Aug 27, 10 Trading Station Release

PostPosted: Wed Jan 19, 2011 1:59 pm
by compulsive
Can the below be done with the session hours. To give it a signal to sell or buy at each session. Sample. When the Sydney session opens and it closes lower then the opening, a signal will be trigger to SELL currency at closing of that session. Next would be the Toyko session, if toyko opening is lower then the closing toyko session, a signal would be BUY at closing of toyko session....and etc

Re: Trading Session Hours for Aug 27, 10 Trading Station Release

PostPosted: Mon Mar 21, 2011 12:51 pm
by dlouisbriggs
The Trading Session LUA adds the transparent color for the current session as the bars are drawn. In my opinion it would provide more insight if the transparent shading were to be drawn for the full session time period at the beginning of the session. In this way one could see at a glance how much time was remaining before the session was scheduled to close. Is it possible?

Re: Trading Session Hours for Aug 27, 10 Trading Station Release

PostPosted: Sat Aug 20, 2011 3:38 pm
by Merchantprince
This indicator looks great and is very close to what I am looking for, which is an indicator that works exactly as this one does - but with adjustable, custom session times.

Is there any way to update this indicator to include this very useful feature? Thanks!

Re: Trading Session Hours for Aug 27, 10 Trading Station Release

PostPosted: Thu Sep 01, 2011 7:58 pm
by Trader1
thank you! very useful

Re: Trading Session Hours for Aug 27, 10 Trading Station Release

PostPosted: Thu Sep 01, 2011 9:11 pm
by Trader1
this indicator looks really grrrrreat!
a suggestion!
can you please make it possible to change time zone?
it shows the wrong time.
I live in Europe

Re: Trading Session Hours for Aug 27, 10 Trading Station Release

PostPosted: Thu Nov 10, 2011 11:36 pm
by mihaitintea
Hi

Great indicator !

Can it be modified so the last active rectangles (the current active sessions, that is) are extended in the future to the point where these active sessions will end ?

Best regards,
Mihai

Re: Trading Session Hours for Aug 27, 10 Trading Station Release

PostPosted: Wed Nov 30, 2011 10:33 pm
by nazaar
Excellent work! This is a very useful tool.

Is it my computer but everytime I adjust a field in the indicator it shuts marketscope down.

Nazaar