Session Manager Indicator for MT5
- Indicadores
- Eda Kaya
- Versão: 1.5
Introduction:
Effective time management and understanding market activity are vital for traders in the fast-paced financial markets. Different trading symbols exhibit unique behaviors and levels of activity during specific time periods. The Session Time Manager indicator for MetaTrader 5 enables traders to monitor time and analyze price movements. This tool highlights key trading sessions—New York, London, Sydney, and Tokyo—by overlaying boxes on the price chart.
Indicator Specifications Table
| Category | Smart Money - ICT - Sessions and Kill Zones |
| Platform | Meta Trader 5 |
| Skill Level | Beginner |
| Indicator Type | Leading - Range - No Repainting |
| Timeframe | Multi-timeframe |
| Trading Style | All Styles |
| Trading Markets | Forex - Stocks - Commodities and Indices |
Indicator Overview
The indicator highlights the start and end times of each trading session with a corresponding box. When a session is active, its box turns green, while completed sessions are displayed in white. Overlapping periods of different sessions are also visualized by the indicator.
Uptrend Example
A 30-minute Bitcoin (BTC) price chart reveals an uptrend formation during the overlap of the Sydney and Tokyo sessions. This indicator helps traders analyze session-specific factors such as price dynamics, trading volumes, and the maintenance of critical support or resistance levels.
Downtrend Example
In a 30-minute Silver (XAG/USD) price chart, a downtrend forms during the London session. Traders can study session-specific factors like volume spikes, breaks of key levels, and support/resistance interactions to gain deeper insights into price behavior during these periods.
Indicator Settings
- Theme: Choose between Light and Dark modes for the indicator background.
- Sydney Session:
- Start: 09:00 (local)
- End: 16:00 (local)
- Time Difference: +10 from local time
- Tokyo Session:
- Start: 09:00 (local)
- End: 16:00 (local)
- Time Difference: +9 from local time
- London Session:
- Start: 09:00 (local)
- End: 17:30 (local)
- Time Difference: +1 from local time
- New York Session:
- Start: 09:00 (local)
- End: 18:00 (local)
- Time Difference: -4 GMT
Summary
The Session Time Manager indicator is a powerful tool that enhances a trader's ability to interpret price action by adjusting time zone settings and customizing preferences. When used alongside other analytical tools, it provides a comprehensive view of price behavior across various timeframes and trading sessions.
