by dlouisbriggs » Thu Nov 11, 2010 10:43 am
Trading sessions (e.g. Sydney, Tokyo, London, New York) have their unique characteristics with respect to highs, lows, volatility and continuation. An indicator in the format of a transparent colored overlay box for each daily session would be very informative. The top and bottom of the box would be the session high and low. The left and right of the box would be the session start time and session end time. Where session times overlap the combination of the two session overlays would create a blended color based on the transparency of the the two session colors.