A session-based indicator tracking high and low price points across major trading sessions, providing visual support and resistance zones with color-coded transparency.
Explore complementary indicator rolesHow it works
The Session Highs and Lows Indicator automatically monitors and labels the highest and lowest price points for four key trading sessions: London, New York, Asia, and New York Close. Each session is tracked and plotted with a unique color, creating dashed lines that extend from the session's high and low points to the current price bar.
The indicator uses GMT+8 as its default time zone, but allows for customization in the code. It generates visual markers at the extreme price points, helping traders quickly identify significant price levels reached during specific trading sessions.
Why it may be useful
By visualizing session-specific price extremes, traders gain critical insights into market dynamics and potential support/resistance zones. The color-coded approach allows for quick recognition of different trading sessions' behavior, enabling more informed trading decisions based on historical price movements.
The semi-transparent design ensures that the chart remains readable while still providing valuable contextual information about price action across different global trading sessions.
When to explore it
This indicator is most effective for traders focusing on intraday and session-based trading strategies, particularly those who operate across multiple global markets. It provides immediate visual cues about price ranges and potential breakout or reversal points within specific trading sessions.
Traders can benefit most when analyzing markets with significant inter-session volatility, such as forex or futures markets, where different global sessions can exhibit distinct price behaviors.
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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.
