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 positions between two sets of labels
  • Label's Y-Gap = 12; - The label's Y 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.


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5 (1)
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