Smart Session Levels
- インディケータ
-
Salim Alyas Rasho
I develop practical technical indicators for MetaTrader 5 under the ALYAS brand, with a focus on clear visualization, simplicity, and ease of use.
My goal is to create reliable and useful trading tools that help traders analyze the market with greater clarity and efficiency. - バージョン: 1.0
- アクティベーション: 5
Smart Session Levels is a clean and lightweight MetaTrader 5 indicator designed to automatically identify and display the High and Low levels of the Asian, London, and New York trading sessions directly on the chart.
Instead of manually marking important session ranges every day, Smart Session Levels automatically calculates the session price ranges and displays their High and Low levels as clear horizontal reference zones.
The indicator is designed to help traders quickly understand the relationship between the current price and important session levels, making it easier to analyze intraday market structure, breakouts, reactions, and potential liquidity areas.
Key Features
Asian, London & New York Sessions
Smart Session Levels supports three major trading sessions:
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Asian Session
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London Session
-
New York Session
Each session can be enabled or disabled independently, allowing traders to configure the chart according to their preferred trading style.
The default session times are fully customizable from the indicator settings.
Automatic Session High & Low
The indicator automatically calculates the highest and lowest prices reached during each selected session.
For every session, traders can display:
SESSION HIGH
and
SESSION LOW
These levels are drawn directly on the chart and can serve as visual reference points for intraday analysis.
Historical Session Levels
Smart Session Levels can display session levels from multiple previous days.
The Lookback Days parameter allows traders to control how many recent days of session data are displayed.
This makes previous session highs and lows available as historical reference levels when analyzing current price action.
Level Extension
Session levels can optionally be extended beyond the original session period.
The Extend Levels option allows the user to project the session High and Low forward by a configurable number of bars.
This can make important session levels easier to monitor after the original trading session has ended.
Clear Session Labels
Optional labels are displayed beside the session levels, including the session name and exact price.
For example:
ASIAN HIGH 1.08500
LONDON LOW 1.08250
The label position can also be adjusted using the label offset setting.
Color-Coded Sessions
Each trading session can have its own color, making the chart easier to read at a glance.
The indicator provides separate color settings for:
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Asian Session
-
London Session
-
New York Session
Line width and line style can also be customized.
Professional Dashboard
Smart Session Levels includes an optional on-chart dashboard providing a compact overview of the current market session structure.
The dashboard displays:
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Current Symbol
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Current Timeframe
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Active Session
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Asian Session Range
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London Session Range
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New York Session Range
-
Candle Countdown Timer
This allows traders to monitor important session information without constantly checking the chart manually.
Active Session Detection
The dashboard automatically identifies which supported trading session is currently active:
ASIAN
LONDON
NEW YORK
or
NONE
The active session is highlighted using the corresponding session color.
Candle Countdown Timer
Smart Session Levels includes an optional real-time candle countdown.
The timer displays the remaining time before the current candle closes according to the selected MT5 timeframe.
This can be useful for traders who monitor candle closes around important session High and Low levels.
Flexible Session Configuration
The session start and end times can be customized directly from the indicator inputs.
This allows traders to adapt the indicator to different:
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Broker server times
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Trading schedules
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Market sessions
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Intraday strategies
The indicator also supports sessions that cross midnight.
How Smart Session Levels Can Be Used
Session High and Low levels can provide useful reference points for intraday market analysis.
Traders may use them to study:
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Session breakouts
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High/Low reactions
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Intraday support and resistance
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Price rejection
-
Session range expansion
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Breakout confirmation
-
Previous session levels
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Price consolidation
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Market structure
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Trade management
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Confluence with price action
For example, a trader may monitor whether price breaks above a previous session High, rejects it, or remains inside the established session range.
The indicator does not predict the direction of price. Instead, it provides a structured visual framework for monitoring important session-derived price levels.
Designed for Intraday Trading
Smart Session Levels can be used across a wide range of instruments, including:
Forex • Gold • Indices • Stocks • Futures • Crypto
It can also be used with different trading approaches such as:
Scalping • Day Trading • Intraday Trading • Price Action • Breakout Trading • Session Trading
The appropriate timeframe and session configuration depend on the trader's strategy and market.
Clean & Lightweight Design
Smart Session Levels is designed to provide useful session information without unnecessarily filling the chart with complex calculations or indicators.
The indicator focuses on the information that many intraday traders monitor every day:
Where was the Asian High?
Where was the Asian Low?
Where was the London High?
Where was the London Low?
Where is the New York session?
Which session is currently active?
How much time remains on the current candle?
All of this information is organized into one simple MT5 indicator.
Fully Customizable
Users can configure:
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Asian Session visibility
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London Session visibility
-
New York Session visibility
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Session start times
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Session end times
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High visibility
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Low visibility
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Level extension
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Extension bars
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Historical lookback days
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Session labels
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Label offset
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Session colors
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Line width
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Line style
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Dashboard visibility
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Dashboard position
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Dashboard font size
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Candle timer visibility
This allows the indicator to be adapted to different chart layouts and trading workflows.
Why Smart Session Levels?
Intraday markets often react around previously established session highs and lows.
Smart Session Levels turns these important reference points into an organized visual structure, helping traders spend less time manually marking levels and more time analyzing price behavior.
Automatically Detect Sessions.
Clearly Mark the Levels.
Understand the Intraday Structure.
Important Notice
Smart Session Levels is an analytical and charting tool.
The displayed session High and Low levels do not guarantee that price will reverse, break, or react at those levels.
The indicator does not guarantee profitable trading results and should be used together with a complete trading strategy, market analysis, and appropriate risk management.
Support & Feedback
Thank you for using Smart Session Levels.
If you find the indicator useful in your market analysis, your feedback and review are greatly appreciated.
Your feedback helps improve future versions and allows other traders to discover the product.
For questions, suggestions, or technical support, please contact me through the MQL5 platform.
Smart Session Levels – Know the Session. See the Levels. Analyze the Market.
