Trading Sessions Indicator

Visualize Global Markets with the Trading Sessions Indicator on TradingView

If you have ever looked at a chart and wondered why volatility suddenly spiked or dropped, the answer often lies in which global market is currently open. A recent tutorial on the TradingView channel introduces a powerful, free tool to help you visualize this instantly: the Trading Sessions Indicator.

Here is a breakdown of what this indicator does, how to set it up, and how it can bring critical context to your trading day.

What is the Trading Sessions Indicator?

At its core, this tool overlays colored boxes on your chart to represent specific time windows for major global markets (typically Tokyo, London, and New York).

• Visual Clarity: Instead of guessing when a session started or ended, you see a clear box containing every candlestick that opened during that period.
• Volume & Volatility: Since major moves often occur around the opening and closing bells of these financial hubs, this indicator helps you instantly identify which market is driving the current price action.

How to Add It to Your Chart

1. Open your chart (e.g., E-Mini Nasdaq 100 Futures).
2. Click on the Indicators, Metrics & Strategies icon at the top of the screen.
3. Search for “Trading Sessions”.
4. Select the indicator to add it to your chart.

Pro Tip: The video suggests using a lower timeframe, like the 15-minute chart, to see the session boxes clearly without congestion.

Key Settings & Customization

The tutorial highlights several customization options to make the tool fit your specific workflow:

• Session Names: You can toggle names on/off to see exactly which session (e.g., “London”) is active.
• Open/Close Lines: Option to draw specific lines marking the start and end of a session.
• Data Metrics: You can choose to display the Tick Range (total points moved) and Average Price for each session directly on the box.
• Time Zones: The most critical setting is the Session Time Zone. The video recommends keeping this set to the IANA time zone (e.g., “America/New_York” or “Europe/London”) rather than a fixed GMT offset. This ensures the indicator automatically adjusts for Daylight Savings Time, keeping your session boxes accurate year-round.

How to Use It for Trading

While the indicator doesn’t provide buy or sell signals, it provides essential context:

1. Identify Ranges: You can visually compare the volatility of different sessions. For example, you might see a tight, low-volume range during the Asian session followed by a breakout during the London or New York open.
2. Mark Key Levels: It becomes effortless to identify and mark the “Previous Day’s High” or “New York Lunch High.”
3. Breakout Analysis: You can quickly see if a breakout is genuine (occurring during a high-volume session) or likely a fake-out (occurring during low-volume hours).

By adding the Trading Sessions indicator to your toolkit, you remove the guesswork from market timing and gain a clearer understanding of the global flow of money.

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