Discussing the article: "From Novice to Expert: Forex Market Periods"
Hi Clemence, Great content and great reading, great stuff thanks
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Check out the new article: From Novice to Expert: Forex Market Periods.
Every market period has a beginning and an end, each closing with a price that defines its sentiment—much like any candlestick session. Understanding these reference points allows us to gauge the prevailing market mood, revealing whether bullish or bearish forces are in control. In this discussion, we take an important step forward by developing a new feature within the Market Periods Synchronizer—one that visualizes Forex market sessions to support more informed trading decisions. This tool can be especially powerful for identifying, in real time, which side—bulls or bears—dominates the session. Let’s explore this concept and uncover the insights it offers.
Today’s challenge is to leverage MQL5 to visualize these market session periods, aligning them seamlessly with higher- and lower-timeframe structures. By synchronizing the open and close of these sessions, we aim to better understand how each one influences the next—and how timing truly powers price movement. Another fascinating mystery to uncover lies in the realization that financial candlesticks themselves represent time-based bars—typically denoting hourly, daily, or weekly periods. By applying the same concept to market sessions, we can create session-based candlesticks, each reflecting the unique characteristics of that trading window. Just like traditional timeframes, every session possesses its own Open, High, Low, and Close (OHLC) structure, telling a distinct story of activity, sentiment, and volatility within that period.
The most notable difference, however, is that session bars often overlap, especially for global markets that share trading hours. For example, the London and New York sessions Fig.1 intersect for several hours, creating periods of intensified volatility and liquidity. Unlike standard timeframe bars that follow one after another in sequence, session bars coexist across time, reflecting the simultaneous participation of multiple regions. This overlap is precisely what gives rise to dynamic transitions in market sentiment, making session-based analysis an essential complement to traditional time-based structures.
Author: Clemence Benjamin