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Tokyosession

Sessions Lite [TradingFinder] New York, London, Asia, NYSE Forex🔵 Introduction A trading session is one of the basic concepts in the financial market that refers to specific time periods. In fact, a session means hours during the day and night, during which traders in a certain part of the world conduct their transactions. Although the "Forex" and "CFDs" market is open 24 hours a day and it is possible to trade in it, but in some hours the activity in this market decreases so much that many traders prefer not to trade and only watch the market. On the other hand, there are specific times when the market is very busy and dynamic, and many traders tend to trade during these hours of the day and night. Trading sessions are usually divided into three main categories, which are "Asian", "European" and "North American" sessions. These trading sessions are also called the "Tokyo", "London" and "New York" sessions, respectively. But they also categorized these sessions in more detailed ways such as "Sydney session", "Shanghai session" or "NYSE session". 🔵 Tokyo trading session (Asian session) After the weekend that happens on Saturday and Sunday, the Forex market starts with the Asian session. In this continent, most of the transactions are done in the Tokyo session, and for this reason, it is usually called the Asian session or the Tokyo session. However, other countries such as Australia, China and Singapore also do a lot of trading in this session. The Tokyo session has a lower volume of transactions compared to the London and New York sessions, and therefore the liquidity is lower. In this session, most of the Forex currency pairs move in a price range. For this reason, different people use the ups and downs with the trading strategy in the range and get profit. The low liquidity of the Tokyo session means that trading spreads are also higher during these hours. Besides, most of the transactions of this session are done in the early hours and at the same time as the planned news release. In the Tokyo or Asia session, the best currency pairs to trade are the "Japanese yen", the "Australian dollar", and the "New Zealand dollar". "Nikkei" index is also a good option for trading. If you trade in the Tokyo session, you should also be aware of the release of economic news and data from Australian, New Zealand and Japanese financial institutions. 🔵 London trading session (European session) After the Asian session, it is time for the European session. In this period of time, transactions are very large and many European markets are involved. However, the European session is usually known as the London session. Because of its specific time zone, London is not only known as the Forex trading center in Europe, but it is also known as the Forex trading center in the world. The London session overlaps with two other major trading sessions in the world, Asia and America. This means that most of the Forex transactions are done in this session. According to the latest statistics, 32% of Forex transactions are related to the London session, which shows that about a third of the activity performed in Forex takes place during this period. This will increase the volume of Forex transactions and increase liquidity. An event that causes the spread of transactions to decrease. Of course, high liquidity also leads to greater volatility, which is desirable for many traders. In the European session, the pound and euro currencies and the "DAX", "FTSE100", and "CAC40" indices are known as the best tradable assets. Also, traders of this session should pay attention to the news and data published by the "European Central Bank" and the "Bank of England". The news of countries like Germany, France and Italy are also very important. 🔵 American trading session (New York session) When the New York session begins, several hours have passed since the end of the Tokyo session, but the European session is in the middle. In this session, they usually affect the financial activities carried out in America, but they also affect other countries such as Canada, Mexico and several South American countries. The "US dollar" and stock indices such as "S&P", "Dow Jones" and "Nasdaq" are the most important assets that are traded in this session. The early hours of the American session have a lot of liquidity and volatility due to the overlap with the European session, but with the end of the European session, the activity in the American session also decreases. You can trade all major Forex currency pairs in the New York trading session. In this session, the "Federal Reserve", as the most important central bank in the world, is the institution that you should pay attention to its news and data. The trading session indicator is an analytical tool in the financial markets that is used to display and analyze specific trading periods during a day. These indicators are generally useful for determining support and resistance levels during any trading session and for detecting different trading patterns. For example, usually these indicators display the open and close price levels, the highest and lowest prices during a trading session. Also, you may notice various price patterns such as price channels, price phase phases and market trend changes during different trading sessions using these indicators. 🔵 cause of construction In particular, the session light indicator version is designed and built for those traders who use many different tools on their chart at the same time. These traders can include "Volume Traders", "ICT traders", "Day Traders" and... These individuals can use "Session Lite" without disturbing the display of their other trading tools such as "Order Blocks", "Liquidity", "Zigzag", "FVG" etc. But in general, there are several reasons for making tools like trading session indicators in financial markets, some of which include the following : 1. Analysis of specific time frames : Some traders and investors like to consider specific time frames for price analysis and review. For example, analyzing price changes during each trading session can help analyze trading patterns and identify trading opportunities. 2. Recognize different price patterns : Different price patterns may be observed during trading sessions. Trading session indicators can help to make better trading decisions by analyzing these patterns and their strengths and weaknesses. 3. Identifying Support and Resistance Levels : These tools may help to identify support and resistance levels during any trading session which can be helpful in deciding whether to enter or exit the market. 🔵 How to use The Session Lite indicator displays 8 sessions by default. Asia session, Sydney session, Tokyo session, Shanghai session, Europe session, London session, New York session and New York Stock Exchange (NYSE) session are the sessions that are displayed. You can activate or deactivate the display of each session by using the tick button next to the name of each session. Two gray vertical dashes are also displayed by default, which indicate the beginning of the European session and the New York session. This feature is available for all sessions, but it is enabled by default only for these two sessions, and you can activate it for the rest of the session. You can enable or disable the display of this line by using the Start Session tick key. Likewise, the information table is displayed by default, which includes the open or closed information of each session and the start and end times of each session. These timings are based on the UTC time zone. Accordingly, the schedule of trading sessions is as follows : Asia session from 23:00 to 06:00 Sydney session from 23:00 to 05:00 Tokyo session from 00:00 to 00:06 Shanghai session from 01:30 to 06:57 European session from 07:00 to 16:30 London session from 08:00 to 16:30 New York session from 13:00 to 22:00 New York Stock Exchange (NYSE) session from 14:30 to T 22:00 Important note : the beginning of the European session coincides with the opening of the Frankfurt market. 🔵 Settings • In the settings section, there are customization capabilities according to the type of use of each user. The settings related to showing or not showing the box of each session, the start indicator of each session, setting the start and end time of the session and choosing the desired color to display each session are among the things that can be set from this section. • At the end of the settings, you will see the "Info Table" option; By disabling this option, the "sessions" clock table displayed on the upper right side will be disabled.
Pine Script™ indicator
by TFlab
1
New York, London and custom trading sessionsHi Traders The script : The Time sessions script plots the trading sessions of both New York and London markets (background fills), In addition to the above the script also plots a user defined trading session period (vertical lines). All plots may be toggled true or false inorder to ensure you can focus on the respective market / markets / custom session. Market sessions are useful for technical or quantitative analysis, as the majority of trading activity and net daily volume occurs in these zones, in fact the U.S./London market overlap tends to have the greatest volume accumulation across that range of time / bars than that range at any other time within the daily session. For FX traders it may also be important to take into account for many currency pairs the average exchange rate pip movement is greatest within these zones. The custom session, is intended to be used for traders who trade only within specific intervals within the market session or day for 24/7 traded asset classes Additional notes : Not as of now, I have only added three optional trading sessions. If you would like to change the sessions, copy the scripts code and change the "ctm_session" default time range value, insuring the second time value is 1 min > than the first. As always i Hope this is a useful script, and I will be updating this script in the near future.
Pine Script™ indicator
by Amjad_S
Fx Session RangeHello traders ,as you know the session timing plays a major role in trade execution. I was searching for a good session indicator for a very long time but I was not satisfied with the indicators which are already available on Trading view. So I decided to code one my self. This indicator is based on the timing provided by the website www.forex.timezoneconverter.com and time is set according to Ney York time zone. I have added almost all major sessions including (Sydney , Tokyo and Frankfurt) and almost all features which I could. I hope you guys 👍this indicator . Incase you notice any bug or want any features added, let me know in comment section or you can Dm me as well. Thank you all , enjoy :D
Pine Script™ indicator
by a_guy_from_wall_street
21
Session breaksThis indicator marks the start of each trading session around the world, starting with Tokyo at 0am UTC, London at 7am UTC, NY at 12pm and Sydney at 9pm, is non-intrusive (light gray vertical lines) and works with both UTC and exchanges' local time and handles DST / timezone offsets as well. You can easily see that sometimes it acts as pivot-point especially on high volume. And last, it is supposed to replace the "Session breaks" option that you can find in "Settings - Appearance" that only displays the end of session for the current exchange.
Pine Script™ indicator
by icostan
34