I will code your EAs and Indicators for no charge

Sagat, I'm just saying that the arrow is not indicative of the trend!
You may be successful if you are able to determine the more probable trend for the price, but not based on an arrow.

You are blind and stupid. I can only pity you. Drink some warm milk and go to sleep!

Hi, the mq5 file isn't loading in the chart. Is there an error?

Could you please confirm whether box marked is red is valid to enter.

You are looking to sell not buy...the aqua boxes are where you should be looking for a sell entry

Market Sessions Indicator:
In the fast-paced world of forex trading, timing is everything. The "Market Sessions" indicator is a powerful tool designed to help traders visualize the opening and closing times of major financial markets—Sydney, Tokyo, London, and New York—directly on their charts. By highlighting these sessions, the indicator provides clarity on market activity, volatility spikes, and potential trading opportunities tied to specific geographic regions.
What Is the Market Sessions Indicator?
The Market Sessions indicator is a MetaTrader 4 (MT4) custom indicator that overlays the opening times of the four major forex trading sessions onto a price chart. It uses horizontal lines and labels to mark:
Sydney/Daily Open (00:00 GMT)
Tokyo Open (03:00 GMT)
London Open (09:00 GMT)
New York Open (15:00 GMT)
Additionally, it calculates and displays median price levels for the Tokyo, London, and New York sessions, helping traders identify key support/resistance zones formed during early market hours.
Key Features
1. Customizable Session Times
a) Traders can adjust the opening times for each session (e.g., sydney = "00:00", tokyo = "03:00") to match their broker’s GMT offset.
b) Supports 24-hour GMT format and allows disabling sessions by entering -1.
2. Visual Clarity
a) Each session is marked with a distinct color (e.g., Sydney in plum, Tokyo in aqua, London in magenta, New York in gold).
b) Daily separators (vertical lines) at 00:00 GMT help distinguish trading days.
c) Median lines for Tokyo, London, and New York sessions show the midpoint of the price range from the day’s start to the session’s open.
3. Timeframe Flexibility
Works on timeframes up to M15 (M5-15-minute charts) by default, ensuring it doesn’t clutter higher timeframes.
4. Non-Intrusive Design
Lines are drawn as dash-dot-dot for session opens and solid for medians, with labels for easy identification.

How It Works: Technical Breakdown
The indicator operates by:
a) Parsing Input Times: Converts user-defined session times (e.g., "09:00") into hours and minutes, adjusting for the broker’s GMT offset.
b) Drawing Session Lines: For each bar on the chart, it checks if the current time matches a session open time. If so, it draws:
A horizontal line at the open price, extending to the end of the day.
A median line (for Tokyo, London, and New York) representing the average of the high and low from the day’s start to the session open.
c) Daily Separators: Vertical lines at midnight GMT to visually separate trading days.
d) Dynamic Updates: The indicator recalculates and redraws lines as new bars form, ensuring real-time accuracy.
Example Scenario:
At 09:00 GMT, the London session opens. The indicator draws:
A magenta dash-dot-dot line at the open price.
A solid magenta line at the median price (average of high/low from 00:00 to 09:00 GMT).

Why Use the Market Sessions Indicator?
1. Session-Based Trading
Identify high-volatility periods (e.g., London-New York overlap) and align trades with session opens/closes.
Avoid low-liquidity periods (e.g., post-New York close).
2. Support/Resistance Insights
Median lines act as dynamic support/resistance levels, especially useful for range-bound strategies.
3. Time zone Adaptability
Adjustable for brokers with different GMT offsets, making it universally applicable.
4. Simplicity and Focus
Unlike cluttered indicators, this tool highlights only what matters: session boundaries and key price levels.

Practical Applications
Strategy: Breakout Trading/Reversal Trading
How the Indicator Helps: Trade breaks/Reverse of median lines during London/New York.

Strategy: Range Trading
How the Indicator Helps: Use median lines as boundaries for range strategies.

Strategy: News Trading
How the Indicator Helps: Align trades with session opens (e.g., London open at 09:00 GMT).

Strategy: Session Overlap
How the Indicator Helps: Focus on the 09:00–12:00 GMT (London-New York overlap) for increased liquidity.

Limitations and Considerations
Timeframe Restriction: Only works on M5 to M15 charts. (for day trading).
Broker Time Sync: Ensure your broker’s server time matches the GMT offset set in the indicator (gmtServerOffset).
No Alerts: The indicator is visual-only; traders must manually monitor session transitions.

Final Thoughts: A Trader’s Timekeeper
The Market Sessions indicator is more than just a clock—it’s a strategic compass for forex traders. By visually mapping the ebb and flow of global markets, it helps traders:
a) Time their entries/exits with precision.
b) Spot session-specific patterns (e.g., London breakouts, New York reversals).
c) Simplify complex market data into actionable insights.
With tools like this, traders can shape their strategies around the rhythm of the markets.
Try it today, and let the sessions guide your trades!
thanks' hoda.

Thank you

No, because the indicator indicates a bearish trend.

,,,,

CUSUM Trend,HTF Floating Candles,Nova Reversal Bands by LunqFX,PRC_Market Structure Trend Matrix [BigBeluga],Self-Aware Trend System [WillyAlgoTrader],Volumatic Variable Index Dynamic Average [BigBeluga].
Feel free to tweak and refine it if you'd like.

Just to add, BTE, as an experienced coder, your input and coding ideas could help refine the strategy, and the intention was simply to see how it would perform in the long run rather than dismissing the idea outright.
BTW, don’t you think the group should consider taking on a project of its own by developing an indicator or EA through collaborative ideas from active members here? The challenge of building one truly solid indicator or EA together could be exciting and may eventually create something valuable for everyone involved.

Well, not very likely, because I am "blind and stupid" and I don't drink milk...

So, yeah, I guess my 15-year experience, each day and every day, can be just ignored by one enthusiastic newbie who is seeing things???

Using those arrows for trend definition is total BULLSHIT, and yes, only a blind person can't see that, who didn't bother to study enough history.
The second step of looking at RSI OBOS levels is also BULLSHIT if we need to decide based on our feelings. Because if you study a few instruments and look back 20 000 bars, you will see what type of BULLSHIT this strategy is! Especially if we need to decdide when 30 level is the signal, but maybe 32, or 35, or WTF???

We don't need to look far!


Therefore, why not just do it like this, if we have to randomly decide which OBOS level is the correct one?

Any of these levels should be fine, according to Sagat!
You need to just pick one based on your gut feelings in real time - LOL!

According to the best trend following theories, which are claimed to yeild best results, statistically, you should be doing this:

However, this pattern is very rare in CDF's...
It's hard to find such almost perfect flat consolidations...

Same symbol, same timeframe. GER40 M5, and boom, quite a few of them hit. 2-5x profits. Win rate: 4 wins and 2 loss in the picture. Whew, this strategy is so useless.

It's also possible to look at a slightly faster 45-period instead of 55, which results in fewer signals and fewer false alarms.
And set the RSI to 'Typical Price' instead of the default 'Close.

(According to the best trend following theories, which are claimed to yeild best results, statistically, you should be doing this.

-"It either goes up or down—honestly, it's unpredictable most of the time. I'm all about trading pullbacks in the direction of the trend."

>>Whew, this strategy is so useless.

i am rooting for you to success.

Thank you! I just shared a working strategy that I've been using for quite some time, except back then, I filtered the trend with dual MA lines. From now on, though, I'm using it with the box trend filter. This trend filter is better.
No one is forced to use this strategy. I just shared it out of goodwill, thinking this simple strategy might come in handy for someone. But the 'master' just keeps picking on me!

OGT RSI Pullback Trend Indicator v1.0 | RSI EMA Strategy
RSI Pull-Back — Indicator by Sofien-Kaabar — TradingView
RSI pullback strategies are pretty popular, but I think mine is the best out of the bunch thanks to the box trend filter.

>>RSI pullback strategies are pretty popular,

rsi is a toy.

A toy in the wrong hands, maybe. But with the right trend filter, it’s a precision tool.

i hope you and i both find success.

I don't think this topic is suitable for discussing trading strategies.

It is impressive to see how many "traders" are blind. One look and you can see that
it is very valuable to be used in different ways, different strategies
But then again it takes many many years to be able to see what is right in front of your eyes in trading
(nothing replaces screen time)