Forex Session Line Indicator

Forex Session Line Indicator

Forex Session Line Indicator For MT4 plots lines during the four major forex trading sessions in different colors. Best tool to identify trading sessions.

The Forex session line indicator for MT4 marks the various market session with a different color line. Moreover, it plots the colors as a line in a separate window and does not interfere with the price chart and helps maintain a clean chart. Additionally, it mentions the market session and timings on the chart comments area. So, traders can deploy different trading strategies suitable for each session’s characteristics.

The indicator is simple to use and is effective for new and advanced forex traders. This indicator does not provide any forex trading buy or sell signals. In fact, traders can apply the indicator on any chart time frame as it does not derive any price data.

Forex Session Line Indicator For MT4 Trade Setup

The indicator plots blue line for the Australian session, yellow for the Tokyo, green for London and orange for New York trading sessions. Traders can change the GMT offset as required in the indicator settings. By default, the Sydney session lasts from 6:00 to 14:59, while the Tokyo starts from 8:00 and ends at 16:59. Similarly, the London session duration is from 16:00 to 0:59, while the New York session duration is from 21:00 to 5:59.

In addition to the session lines in the separate window, the session’s timings are mentioned in the comments area for cross verification. If traders find discrepancies in session timing, it may be due to the improper GMT offset in the settings. This indicator is very useful for traders using different trading strategies for each trading sessions.

Conclusion
In summary, the Forex Session Line indicator for MT4 is an effective and non-intrusive forex trading tool to identify the various market sessions.