The daily session Forex indicator provides you with the daily session high-low price and gives you an overview of where currency prices are heading to on a daily basis.
When prices are heading higher on a daily basis, the longer-term trend is considered bullish.
When prices are heading lower on a daily basis, the longer-term trend is considered bearish.
You can change the number of days, start of the daily sessions, end of the daily sessions and the background color for each daily session.
The indicator itself does not provide you with any buy and sell signals.
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Daily Session Indicator Chart
Here’s an example of how the Daily Session Forex indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
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Day session begin, day session end, high range, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: overlay
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.