Session and ADR Scanner

Session and ADR Scanner shows, for a list of symbols, how far each one has moved today and in each session compared with what is normal for that symbol.

What it shows

• One row per symbol, from Market Watch or your own list (default: the seven forex majors and XAUUSD).
• ADR: the average daily range over the days you choose (default 14), in pips, points or price.
• Used: today's range as a percentage of ADR. Daily change in percent.
• Tokyo, London and New York columns: the latest session range as a percentage of that session's own average over the previous sessions (default 20). A running session is marked with an asterisk.
• Highlighting at chosen levels (default: 100% and above highlighted, 50% and below dimmed). Optional sorting by ADR used.
• Click a symbol in the table to switch the chart to it.
• Alerts when a symbol reaches a chosen percentage of ADR (default 100%) or a running session reaches a chosen percentage of its average (default 150%), once per day or session. Pop-up, sound and push.

Sessions and daylight saving

Each session is set in its own local time: Tokyo 09:00-18:00 Tokyo time, London 08:00-17:00 London time, New York 08:00-17:00 New York time. The scanner converts them to your broker's clock for every candle, taking account of UK and US summer time, which change on different dates. Choose how your broker's server clock works: New York +7 hours (GMT+2/+3, common among brokers), a fixed UTC offset, or an offset following EU or US summer time.

Forex and gold

Pips are handled per symbol: 10 points on 5- and 3-digit forex quotes (so JPY pairs are correct), 0.10 for gold and 0.01 for silver. Thresholds are percentages of each symbol's own averages, so EURUSD and XAUUSD can be compared directly even though their ranges are very different. Broker suffixes such as ".m" are added automatically from the chart symbol, or you can enter one.

How it calculates

ADR uses completed daily candles. Session ranges are built from M15 data. Figures refresh on a timer (default every 30 seconds). Symbols whose history is still downloading show "loading" until data arrives.

Inputs

Symbols: source, list, suffix, maximum, sort. Broker time: clock mode, winter UTC offset. Session start and end times. Statistics: ADR days, sessions in the average, unit, refresh interval. Highlight and alert levels, pop-up, sound, push. Panel position, font size and colours.

Notes

• This indicator does not open, modify or close trades. It is an analysis tool and not financial advice. Past behaviour of price does not guarantee future results, and no result is guaranteed.

Questions and suggestions are welcome in the comments section of this product.