A script that identifies and marks the high and low points of Asian, London, and New York trading sessions using color-coded horizontal lines across the chart.
Explore complementary indicator rolesHow it works
The script tracks three specific trading sessions: Asian, London, and New York, each defined by precise time windows in New York time. During each session, the script continuously monitors and records the highest and lowest price points, dynamically updating these levels in real-time.
For each session, two horizontal lines are drawn: one representing the session's high and another representing its low. These lines are color-coded (orange for Asian, blue for London, purple for New York) and have a consistent line width to ensure visibility. When a new session begins, the previous session's lines are reset, providing traders with fresh session-specific price reference points.
Why it may be useful
Trading sessions have unique characteristics and liquidity profiles that can significantly impact price movements and trading strategies. By highlighting the high and low points of each major trading session, traders gain valuable insights into market dynamics and potential support and resistance levels.
These session-based lines help traders identify key price zones where significant market activity occurred, enabling more informed decision-making. The color-coded approach makes it easy to distinguish between different sessions, allowing traders to quickly recognize potential trading opportunities or market sentiment shifts.
When to explore it
This signal is most effective for traders focusing on intraday and short-term trading strategies, particularly those who trade forex or other markets with distinct global session overlaps. It provides the most value during active trading hours when market liquidity and price movements are most pronounced.
Traders can use these session high and low lines to identify potential entry and exit points, gauge market sentiment, and understand the price range during specific global trading sessions. It is particularly useful for scalpers and day traders who rely on precise, timely market information to make quick trading decisions.
Keep exploring
What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
