The Session Indicator is a useful tool that highlights different trading sessions (such as New York, London, and Asia) directly on your charts. This helps traders see when markets are opening and closing, allowing them to identify high-volume trading periods and potential volatility. Traders can use it to better time their entries and exits, ensuring they’re trading during the most active parts of the day.
This is especially helpful for day traders and scalpers who rely on market volatility to find opportunities.
To add this indicator to your chart, please follow the steps below.
Step 1:
Once you are on the chart click on the "Indicators" button.
Step 2:
Search for 'Session Indicator by FX Replay.' You can select either the default, which is based on UTC time, or the NY option, which is based on New York time.
Step 3:
Click on the indicator settings.
Step 4:
Set up your inputs, style, and visibility for the indicator.
Step 5:
Click on OK to save your settings.