OPEN-SOURCE SCRIPT
Cristina - Trading Sessions and Moving Averages
Combination of Trading Sessions and Moving Averages. You can easily edit the time frame background to give you a visual presentation of your most active trading hours or customize it to represent the different forex trading session inline with your local time.
The default moving average here is the 20, 50, 100, 200 and 250 MA. The use of moving averages could be in a (1) form of cross over to find out the dominant trend, (2) use it to find value zone or (3) use it to find dynamic support levels. It greatly depends on your trading system.
With the combination of the trading sessions and the moving averages, you could isolate the trades you will be taking inline with your active hours. Thus this is a great tool to add in terms of day trading or swing trading with the lower time frames.
The default moving average here is the 20, 50, 100, 200 and 250 MA. The use of moving averages could be in a (1) form of cross over to find out the dominant trend, (2) use it to find value zone or (3) use it to find dynamic support levels. It greatly depends on your trading system.
With the combination of the trading sessions and the moving averages, you could isolate the trades you will be taking inline with your active hours. Thus this is a great tool to add in terms of day trading or swing trading with the lower time frames.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.