Session Opening
This indicator highlights session opening zones and tracks price action around them to detect potential breakout opportunities.
Session Open Zones
Marks vertical session opening zones to identify key market opening times, such as New York, London, Asia or custom.
These zones act as initial reference points for price action and high-volatility environments.
Use the ORB Session dropdown to instantly switch between presets for major global markets.
For specialized setups, use the Custom Session fields to define a specific time window (e.g., the first 30 minutes of a session) and set your local Custom UTC offset.
The width of the zone dynamically adjusts based on the Start & End Time defined in your settings.
Opening Range Channels
Creates price channels from session open zones based on the initial price movement.
The channel helps determine support and resistance for the session.
Breakout Signals
Up Signal: If the price breaks above the session channel, an upward breakout signal is triggered.
Down Signal: If the price breaks below the session channel, a downward breakout signal is generated.
How to Use
Best suited for timeframes below 1H (e.g., 5m, 15m, 30m) to capture session-based price movements.
Select your Session: Choose a pre-defined major market (New York, London, or Asia) from the ORB Session dropdown, or select Custom to define your own hours.
Look for session open zones and observe the initial price range.
Identify breakouts from the session channel to confirm directional bias.
Use the breakout signals to spot potential trend continuation or reversals.
This tool is useful for day traders looking to capitalize on early session volatility and momentum shifts.
Settings
This panel allows users to customize session-based analysis by selecting preset market hours or defining specific custom timeframes and offsets.
Session Configuration
Enable Session
Toggles the session open zones and price channels on or off.
Signals
Enables or disables breakout signals when the price exits the session channel.
History
Toggle visibility of past session history on the chart.
ORB Session
Dropdown menu to quickly select New York, London, or Asia market hours. Select Custom to manually enter times.
Custom Session
Defines the specific time range (e.g., 10:00 – 10:30) when the "Custom" session is selected.
Custom UTC
Adjusts the time zone offset (e.g., UTC+2) to ensure the session aligns with your local or exchange time.
Session Color
Allows users to customize the background color of the session zone for better visibility.
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