The Pips Volatility Sessions indicator for Metatrader 4 displays volatility in pips for the following trading sessions: Tokyo, Frankfurt, and New York.
The indicator draws session high/session low boxes for the aforementioned forex sessions and displays the number of pips for each trading session.
Box colors can be changed for all sessions, and the session begin and end periods can be modified as well.
Free Download
Download the “Auto_Sessions_v_1.9.ex4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD H1 chart below displays the Pips Volatility Sessions Metatrader 4 forex indicator in action.
Basic Trading Signals
No signals from this indicator.
Tip: This indicator can be used to trade previous session high-low price breakouts.
Session Volatility and Arrow Signal Forex Scalping Strategy
This MT4 strategy blends the Pips Volatility Sessions Indicator for MT4 with the Best Forex Scalping Indicator for MT4.
It is created for traders who want fast and accurate entries during the most active market sessions.
The first indicator measures the volatility in pips for the Tokyo, Frankfurt and New York sessions.
The second indicator generates clear buy and sell signals with its blue and red arrows.
This system works best on M1, M5 and M15 time frames.
It is ideal for scalpers who want structure and consistency while avoiding low-volatility moments that often cause false signals.
By combining session volatility with directional arrow signals, the strategy helps filter out slow markets and focus only on the times when the price has enough movement to scalp safely.
Why This Strategy Works
The Pips Volatility Sessions Indicator shows how many pips each market session is producing.
When volatility rises, spreads tighten, and price moves more cleanly, which is perfect for scalping.
The arrow signals then identify precise buy or sell moments inside these active periods.
When both indicators agree, the probability of capturing a quick price burst increases.
Buy Entry Rules
- Trade only when the current or upcoming session shows above-average volatility on the indicator.
- Wait for a blue arrow to appear from the scalping indicator.
- Enter a buy trade once the candle with the blue arrow closes.
- Place the stop loss a few pips below the previous short-term swing low.
- Take profit at 5 to 15 pips, depending on the time frame and volatility strength.
Sell Entry Rules
- Trade only when volatility is rising in the Frankfurt or New York session.
- Wait for a red arrow from the scalping indicator.
- Enter a sell trade after the arrow candle has closed.
- Place the stop loss a few pips above the recent swing high.
- Take profit at 5 to 15 pips or at the next micro support level.
Advantages
- Filters trades based on true session volatility.
- Arrow signals create simple and fast entry rules.
- Works well for active scalpers who want quick profits.
- Reduces the risk of trading in flat or quiet markets.
- Suitable for beginners and experienced traders.
Drawbacks
- Low volatility sessions will not produce many entries.
- Requires fast execution and discipline with stop loss placement.
Example Case Study 1
During the Frankfurt open, the volatility indicator showed a sharp rise as EURUSD gained momentum.
A blue arrow formed on the M1 chart after a small pullback.
The trade was taken at the close of the signal candle with a tight stop loss.
The pair quickly pushed upward for 9 pips before slowing down, hitting the take profit target in less than two minutes.
Example Case Study 2
During the New York session, GBPUSD showed increased pip activity.
A red arrow appeared after a short consolidation break.
The trade was opened on the candle close, and the stop loss was placed just above the small range.
Price dropped rapidly as volatility expanded and produced a clean 12 pip move, reaching the target without retracing.
Strategy Tips
- Focus on Frankfurt and New York sessions for the highest probability setups.
- Avoid trading when pip volatility is flat or decreasing.
- Use a fixed 1:1 or 1:2 risk reward for consistent scalping results.
- Consider closing the trade early if volatility drops suddenly.
- Pairs like EURUSD, GBPUSD and XAUUSD work best with this strategy.
Download Now
Download the “Auto_Sessions_v_1.9.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customisation options: Variable (session begins, session ends, local timezone), Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours
Type: sessions/volatility
