OPEN-SOURCE SCRIPT
E9 UK/US/ASIA-Session
E9 Multi-Session Indicator: Purpose & Importance
This PineScript indicator highlights three key trading sessions (US, Asia, UK) on your chart, color-coding their active hours and tracking price extremes (highs/lows) during these periods.
What It Does:
Session Timings (GMT):
US: 13:00–22:00 (Blue)
Asia: 23:00–06:00 (Yellow)
UK: 09:00–16:00 (White)
Marks session starts/ends with circles.
Plots session-specific high/low lines.
Customizable times and colors for flexibility.
Why It Matters:
Volatility Awareness:
Major markets drive price action during their sessions. The US session (13:00–22:00 GMT) often overlaps with other regions, increasing volatility.
Strategic Timing: Align trades with peak liquidity (e.g., during the US session) or prepare for quieter periods (e.g., Asia session).
Key Levels: Session highs/lows often act as support/resistance. Tracking these helps identify breakout or reversal opportunities.
By visualizing session activity, traders can optimize entry/exit timing and adapt strategies to market rhythms.
This PineScript indicator highlights three key trading sessions (US, Asia, UK) on your chart, color-coding their active hours and tracking price extremes (highs/lows) during these periods.
What It Does:
Session Timings (GMT):
US: 13:00–22:00 (Blue)
Asia: 23:00–06:00 (Yellow)
UK: 09:00–16:00 (White)
Marks session starts/ends with circles.
Plots session-specific high/low lines.
Customizable times and colors for flexibility.
Why It Matters:
Volatility Awareness:
Major markets drive price action during their sessions. The US session (13:00–22:00 GMT) often overlaps with other regions, increasing volatility.
Strategic Timing: Align trades with peak liquidity (e.g., during the US session) or prepare for quieter periods (e.g., Asia session).
Key Levels: Session highs/lows often act as support/resistance. Tracking these helps identify breakout or reversal opportunities.
By visualizing session activity, traders can optimize entry/exit timing and adapt strategies to market rhythms.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.