The Trading Sessions indicator offers a visual representation of the primary trading hours for the Forex market, encompassing the London, New York, and Asian sessions. Each session is distinctly displayed as a colored box on the chart, which not only marks the beginning and ending of each session but also delineates its trading range. Traders leverage these session markers to pinpoint high-volatility hours throughout the day since trading dynamics can differ substantially between global stock exchanges. The London and New York sessions, in particular, are renowned for their heightened volatility, especially during their four-hour overlap. Moreover, some trading strategies are specifically tailored to capture the opening movements of the London market, while others might focus exclusively on the nuances of the Asian session.

Regardless of your trading strategy or your specific timezone, the Trading Sessions indicator is a powerful tool in your trading toolkit. It enables you to pinpoint potential liquidity levels with precision and provides an invaluable time-based framework to optimize your trades. Whether you're a novice or a seasoned trader, this indicator will enhance your ability to navigate the Forex market with greater clarity and confidence.

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Setting Up the Sonarlab Trading Session Indicator

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Main Sessions Settings

1. Timezone (GMT Value)

To ensure precision in trading session representation, make sure to select the appropriate timezone that corresponds with your chart. Double check if your chart timezone is also correct. Don't know which timezone you're in? Check this tool.

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2. Session Count

Specify the total number of trading sessions you want to monitor on your chart. Value 1 represents 1 trading day, not 1 trading session.

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Configuring Individual Sessions

Session Settings:
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Time Settings: Set the time of the Trading Sessions matching your times. You can use this tool to calculate the trading times.

ADR (Average Daily Range): Represents the mean difference between the high and low prices over a specific period.

Mid Line (50%): Marks the midpoint of the range, indicating potential equilibrium or pivot points.

Range: Depicts the range between the high and low of the session.

Extended Levels/Asian Deviation (asian session only): This unique feature duplicates the Asian session's range, useful for target setting or identifying potential reversal points.

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Additional Features

Days of the Week

Activate the 'Show Week Separate Lines' feature to display vertical lines, marking the commencement and conclusion of each trading day.

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ICT Killzones

Killzones are pivotal timeframes within the daily banking cycle. They are especially beneficial for traders focusing on major pairs intertwined with the dollar index, as market activity peaks during these periods. In this article you can read more about the ICT Killzones.

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Open Levels

In the example below you can see that price comes back to retest the daily open. You can use this levels as break and retest levels - support and resistance. In this article you can read more about the importance of the candle open levels.

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Daily Open: The starting price of an asset for the current day.

Weekly Open: The initiation price of an asset for the ongoing week.

Monthly Open: The price at which an asset began trading for the current month.

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