Session Monitor MT5 Utility Volatility Dashboard
- Utilità
- Omar Abo Hatab
- Versione: 1.0
Many retail traders fail because they enter trades when a market session is already "exhausted." Session Monitor gives you the context you need by comparing current price movement against historical session averages.
The utility calculates the absolute range (the distance between the highest and lowest price reached) during the session.
It is a MT5 utility that tracks the range of the Asian, London, and New York sessions in real-time. The dashboard calculates the Average Daily Range (ADR) for each specific session over a user-defined period.
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Key Features
- Real-Time Volatility Tracking: See exactly how many points and what percentage the current session has moved.
- Historical Context: Automatically calculates the average movement of past sessions to tell you if the current move is "normal" or "extreme".
- Multi-Symbol Dashboard: Monitor up to 5 different symbols (e.g., EURUSD, Gold, BTC) from a single chart.
- Smart UI: A professional, collapsible panel that "freezes" completed sessions and live-updates active ones.
- Fully Customizable: Define your own session times to match your broker's time or specific "Kill Zones".
How to Use It
- Define Your Sessions: Input the start/end times for Asia, London, and NY based on your broker's server time. The “daily” range is calculated based on the broker’s server day (00:00 server time).
- Set Your Lookback: Choose how many days to calculate the average (e.g., 10 days for recent volatility, 50 days for long-term context).
- Identify Exhaustion: If the London session average is 300 points and the live display shows 290 points, you know the move is likely over.
Technical Specifications
- Precision: Scans M1 data for pinpoint accuracy on session Highs and Lows.
- Resource Friendly: Optimized code ensures no lag, even when monitoring multiple symbols.
- Clean Charts: One-click collapse button to keep your workspace tidy.
