Trading Session Range Boxes - indicator for MetaTrader 5

The indicator draws the Tokyo, London and New York trading sessions as coloured rectangles on the chart. Each rectangle starts at the session open, ends at the session close and spans the highest high and the lowest low reached during the session. This makes the range of every session and the overlaps between sessions visible at a glance.

Session hours are entered in broker server time, so they have to be adjusted to the GMT offset of your broker. The defaults fit a server running at GMT+2. A session that is still in progress is drawn up to the current bar and grows as new bars appear. Sessions without any bars, such as weekends and holidays, are skipped.

The boxes are redrawn once per new bar, so the indicator puts very little load on the terminal. It is intended for intraday timeframes from M1 to H1. All objects are removed from the chart when the indicator is deleted.

Input parameters

• InpDaysBack - number of days to draw (default 15).
• InpShowTokyo, InpShowLondon, InpShowNY - switch each session on or off.
• InpTokyoStart, InpTokyoEnd - start and end hour of the Tokyo session in server time (default 2 and 11).
• InpLondonStart, InpLondonEnd - start and end hour of the London session (default 10 and 19).
• InpNYStart, InpNYEnd - start and end hour of the New York session (default 15 and 24).
• InpTokyoColor, InpLondonColor, InpNYColor - colour of each session box.
• InpFill - fill the boxes or draw outlines only.

The indicator only draws objects. It does not place or manage trades.

Tokyo, London and New York session boxes on EURUSD M30