The Market Session GMT indicator is custom technical indicator which helps traders to identify the market session. Anyone involved in day trading will find indicator helpful. It is great for various strategies and indicators based on volatility, momentum, trends, volume etc.
How the Market Session GMT Indicator Works?
Traditionally, the market is separated into three peak activity sessions: the Asian, European, and North American sessions, which are also referred to as the Tokyo, London, and New York sessions.
The indicator marks these sessions with colored boxes with open and close of the session:
- Golden – Tokyo Session / Asian
- Gray – London / Europe
- Pink – New York / America
All sessions are overlapping during the day.
How to Use Market Session GMT Indicator
Session indicators can be very useful if we use them in right way. They are great addition to any Day Trading strategy. There is a way to build strategy based only on sessions but it would not be so professional. Every trader use at least two sessions during a day, at least he is on the market when the are overlapping. Just be careful before opening next session, this is al you need to know if you are beginner in day trading. We need much more information to build strategy.
Learn Day Trading Tips:
- Always be aware when next session will start if you are trading because of market volatility.
- Use session indicators just as addition information.
- Market is always volatile before opening next session.