The Three Sessions Forex indicator for Metatrader 4 shows the European, New York and Asian session on the main chart.
The different sessions appear as colored rectangles in the main chart window.
Currency traders use the 3 sessions highs and lows prices to trade price breakouts in the direction of the overall trend.
General Information
- 3 Sessions indicator
- Can be used as a breakout indicator
- Does not repaint the session rectangles
- Developed for Metatrader 4
Free Download
Download the LC-i-Sessions-pst.mq4 indicator file (MT4)
Indicator Chart Example
The picture below shows the Three Sessions indicator attached to the Euro / U.S. Dollar M30 chart.
How to use this Forex indicator?
This Forex indicator can be used in multiple ways, find an example below:
Buy Signal:
- Open a new buy trade when the overall trend is upward and price closes above the previous session high price.
- Set stop loss below short-term support.
- Exit the buy trade for a fixed profit target.
Sell Signal:
- Open a sell trade when the overall trend is downward and price closes below the previous session low price.
- Set stop loss above short-term resistance.
- Exit the sell trade for a fixed profit target.
How to install the Three Sessions Forex indicator to the Metatrader 4 platform?
- Download the LC-i-Sessions-pst.mq4 indicator file here and save it to your computer
- Open your Metatrader 4 platform
- Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
- Click on “MQL4” and open the “Indicators” folder
- Paste the indicator file in this folder
- Restart Metatrader 4 and you’re ready to start using the indicator
How to edit the indicator?
- Attach the indicator to any trading chart of your preference
- Right click in the chart and select “Indicators List” from the drop down menu
- Select the indicator from the list and click on “Edit”
- Now you can start editing the indicator (Inputs, Colors and Visualization)
- Final step, click on the “OK” button to save the new configuration
