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Session Spreads

The 'Session Spreads' indicator was created to show spreads, their instances, and averages over the seven main sessions.

This shows the most average & useful spreads, occurring the most, on the seven main sessions, on chart and via/CSV files.

Key Features

  • 7 Sessions automatically adjusted to the broker GMT & DST for logging spreads.
  • Spreads logged per session with overlays equally processed on all applicable.
  • Instances of spreads logged per spread amount that shows the most average.
  • Average spreads are calculated per session and shows the actual averages.


Input Parameters

  • Bars or Ticks = Ticks - readings at the time of bar open or by ticks.
  • Log Data Files = true - files optionally logged to MQL4\Files folder.
  • Wellington(NZ) begin hour = 20 - a minimum hour to log spreads.
  • Wellington(NZ) end hour = 5 - a maximum hour to log spreads.
  • Sydney(Australia) begin hour = 22 - a minimum hour to log spreads.
  • Sydney(Australia) end hour = 7 - a maximum hour to log spreads.
  • Tokyo(Japan) begin hour = 23 - a minimum hour to log spreads.
  • Tokyo(Japan) end hour = 8 - a maximum hour to log spreads.
  • Mainland Asia begin hour = 24 - a minimum hour to log spreads.
  • Mainland Asia end hour = 9 - a maximum hour to log spreads.
  • Central Europe begin hour = 6 - a minimum hour to log spreads.
  • Central Europe end hour = 15 - a maximum hour to log spreads.
  • London(UK) begin hour = 7 - a minimum hour to log spreads.
  • London(UK) end hour = 16 - a maximum hour to log spreads.
  • New York(USA) begin hour = 12 - a minimum hour to log spreads.
  • New York(USA) end hour = 21 - a maximum hour to log spreads.
  • Font's Color = White - The color of labels shown on the chart.
  • Font's Name = MicroSoft YaHei - The font shown on the chart.
  • Font's Size = 7 - The label's font size shown on the chart.
  • Label's Corner = 0 - The corner of labels shown on the chart.
  • Label's Left = 5 - The label left X position.
  • Label's Top = 13 - The label top Y position.
  • Label's X-Gap = 69 - The label's X gap positions between two sets of labels.
  • Label's Y-Gap = 12 - The label's Y gap positions between two rows of labels.


Integration

  • This indicator only produces labels on the chart and optionally text files.


Improvements

  • Please be sure to leave any ideas, tips and suggestions in the "Reviews" section and they may be included.
  • Improvements to the system could be at any time so we suggest that you possibly backup your copies.


No reviews
Version 3.0 2019.05.04
Minor Output format correction
Version 2.0 2019.05.02
Reduced wording for maximum visibility.
Recording to CSV files is off by default.