TheTrdFloor

Simple Sessions - [TTF]

In working with a lot of new traders, one of the most common hurdles that they tend to encounter is properly identifying the various major trading sessions around the world. While it's pretty intuitive to grasp the basic concept, the biggest struggle is around the time conversion. Most people are pretty familiar with the trading session most local to them (e.g. US residents are generally pretty familiar with when the US session is relative to their local timezone), but tend to have much more difficulty in determining when exactly the start and end times are of "foreign" sessions (e.g. Europe or Tokyo). This can be even more challenging when trying to account for regional time differences (like Daylight Savings Time), and larger global time differences (e.g. seasons in opposite hemispheres are reversed). It was with these things in mind that we took to making this version of a sessions indicator to help people better visualize and interact with the various sessions in a more intuitive manner.

Key features include:
  • Individual settings and configuration for each major session (America/New York, Europe/London, and Asia/Tokyo), along with customizable highlighting color for the Europe/US Mixed session
  • Session start and end times are configured as the local time for those session (e.g. America/New York session time is configured relative to the US Eastern timezone)
  • The indicator will automatically handle the timezone conversion and correctly display the sessions on chart regardless of the user's on-chart configured timezone
  • Users can customize which days of the week that they want the sessions to include or exclude based on their personal preferences and trading schedule (e.g. exclude Fridays since that is when most news events occur)
  • There is an additional fully-customizable session that can be configured (including reference timezone) for a fully-custom trading window visualization (helpful for people with constraints in their trading availability and can't align with one of the "major" sessions)

We hope that the community finds this as helpful as we hope, and feedback is always welcome!

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