Learning to Use the ICT-SMC Concepts Indicator – Part 7: Sessions

Sesiones en el Trading

The ICT – SMC Concepts indicator includes a display of market sessions. By default, it plots four main sessions:

• Sydney

• Asia

• London

• New York (NY)

The London and New York sessions are considered the most relevant due to their high volume and strong impact on price action.

General session parameters

• Session drawing type: Defines the drawing type for representing sessions. This parameter offers three modes:
• Only Rectangle: Draw only the rectangles for each session, along with the corresponding text. No additional lines are drawn.

• Rectangle and line (no update): Draws the rectangles and associated lines. The lines are not updated after the session ends.

• Rectangle and line (update): Draw the rectangles and lines, and then update these lines until they are mitigated by price action.

• fill the session rectangles: Determines whether session rectangles will have a background fill.
• true:

• false:

• Extra Line Width (if Session drawing type is Rectangle and line):
  

  Sets the width of the extra lines drawn alongside sessions. This parameter only works if the Session drawing type is not set to "Only Rectangle."

• Rectangle Sessions Width:
  Defines the thickness of the lines that form the edges of each session's rectangle.

• rect line style:
  Select the line style for the rectangle's borders (this does not affect additional lines).See the post: Types of lines in MT5

General characteristics per session

Each of the configurable sessions in the indicator (Asia, Sydney, London, and New York) has a set of specific parameters that allow you to customize its display precisely.

These parameters are repeated for each session, using the prefix corresponding to each session name (for example: Asia, Sydney, London, New York).

Parameters available per session:

• ....start hour:
  Defines the start time of the session.

• ....start minute:
  Specifies the exact minute at which the session begins.

• ....end hour:
  

  Indicates the end time of the session.

• ....end minute:
  Sets the exact minute the session closes.

• color of .... rectangle:
  Choose the color of the rectangle that will graphically represent the session on the chart.

• color of .... text:
  Defines the color of the text associated with the session (title or name visible on the graph).

• color of .... line:
  Sets the color of the additional lines that accompany the session, if enabled by the Session drawing type parameter.