About the Trading Sessions Open Close Indicator
The Trading Sessions Open Close Indicator for MT5 highlights the high and low ranges of the major global trading sessions directly on the chart.
It automatically draws session boxes for the Asian, European, and American markets, helping traders visualize intraday volatility.
Each session is displayed with a distinct color.
The Asian session range appears in misty-rose, the European session range in lavender, and the American session range in pale-green.
These colored boxes clearly define where price moved during each trading period.
By marking session highs and lows, the indicator helps traders identify breakout zones, liquidity sweeps, and potential reversal areas.
It works on any timeframe below the 4-hour chart, making it suitable for scalping and intraday strategies.
You can customize session colors to match your personal chart template and preferences.
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trading_sessions_open_close.mq5 Indicator (MT5)
Key Features
- Automatically draws the Asian session high and low box.
- Automatically draws the European session high and low box.
- Automatically draws the American session high and low box.
- Distinct color coding for each session.
- Works on timeframes below H4.
- Customizable session colors.
Indicator Chart
The Trading Sessions Open Close Indicator appears on the main price area as colored session boxes marking each session’s high and low range.
The misty-rose box highlights the Asian range, the lavender box defines the European range, and the pale-green box marks the American session.
Traders can quickly compare volatility and identify breakout opportunities from these ranges.
Guide to Trade with Trading Sessions Open Close Indicator
Buy Rules
- Identify the completed session box on the chart.
- Wait for the price to break above the session high.
- Confirm the breakout with a strong candle close above the box.
- Enter a buy trade at the open of the next candle.
Sell Rules
- Identify the completed session box on the chart.
- Wait for the price to break below the session low.
- Confirm the breakout with a strong candle close below the box.
- Enter a sell trade at the open of the next candle.
Stop Loss
- For buy trades, place the stop just below the broken session high.
- For sell trades, place the stop just above the broken session low.
- Alternatively, position the stop beyond the opposite side of the session box.
Take Profit
- Target the next session’s high or low as a logical objective.
- Use a fixed risk to reward ratio such as 1:2.
- Trail the stop as momentum continues in your favor.
- Close the trade if price re-enters the previous session range.
Trading Sessions with TRIX Cloud Fast Scalping MT5 Strategy
This fast scalping strategy combines the Forex Trading Sessions Open Close Indicator with the TRIX Cloud Forex Indicator to capture quick intraday moves.
It is designed for traders looking to secure small but consistent gains of 7-20 pips during active sessions.
The Trading Sessions Open Close Indicator identifies the start of a trend based on session highs and lows.
Price breaking above a session high signals a buy trend, while a break below a session low signals a sell trend.
The TRIX Cloud indicator confirms entries using colored clouds: green for bullish signals and orange for bearish signals.
This combination helps align momentum with trend direction for faster scalp entries.
This strategy works best on M1 and M5 charts during London and New York sessions when volatility is highest and moves are decisive.
Buy Entry Rules
- Wait for the candle to break above the session high, indicating a buy trend.
- Confirm that the TRIX Cloud shows a green cloud.
- Enter a buy trade at the close of the confirmation candle.
- Place the stop loss just below the session high or recent minor support.
- Take profit between 7 and 20 pips depending on price action and nearby resistance.
Sell Entry Rules
- Wait for the candle to break below the session low, indicating a sell trend.
- Confirm that the TRIX Cloud shows an orange cloud.
- Enter a sell trade at the close of the confirmation candle.
- Place the stop loss just above the session low or recent minor resistance.
- Take profit between 7 and 20 pips depending on price action and nearby support.
Case Study 1 Buy Trade (EURUSD, M5)
During the London session on EURUSD using the M5 timeframe, price broke above the session high, signaling a buy trend.
The TRIX Cloud printed a green cloud, confirming the bullish move.
A buy trade was entered at the close of the breakout candle. The stop loss was set just below the session high.
Price moved quickly and the trade was closed for 12 pips profit when price reached the first nearby resistance level.
Case Study 2 Sell Trade (GBPUSD, M1)
During the New York session on GBPUSD using the M1 timeframe, price broke below the session low, indicating a sell trend.
At the same time, the TRIX Cloud turned orange, confirming the bearish direction.
A sell trade was opened at the candle close. The stop loss was placed just above the session low.
Price moved down sharply and the trade was exited after 15 pips when the price approached a short-term support level.
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trading_sessions_open_close.mq5 Indicator (MT5)
FAQ
Which sessions are displayed?
The indicator displays the Asian, European, and American trading sessions with their respective high and low ranges.
Can I change the session colors?
Yes, you can modify the default misty-rose, lavender, and pale-green colors to suit your chart design.
On which timeframes does it work best?
It is designed for timeframes below the 4-hour chart and is commonly used on M15, M30, and H1.
Why are session highs and lows important?
Session highs and lows often act as short-term support and resistance levels where breakouts or reversals can occur.
Summary
The Trading Sessions Open Close Indicator helps traders monitor intraday volatility by marking session highs and lows with colored boxes.
It simplifies breakout trading and session analysis across lower timeframes.
With customizable colors and automatic range plotting, it supports precise session-based trading decisions.
