5️⃣Market Sessions
Last updated
Last updated
Algo Elixir's Market Sessions is another version of Boitoki's FX Market Sessions public indicator, which has been simplified by removing multiple features from the original.
The Market Sessions displays three sessions: London, New York, and Tokyo sessions, providing information such as the session's name, the day of the week, and the pip count per session. Users have the flexibility to adjust the time zone, specific time of the session period, color of the session box, and the number of days the sessions should overlay.
The combined use of Market Sessions and the Algo Elixir Indicator can aid traders in avoiding choppy signals during less active trading sessions and instead focus on signals with higher probability in profitable trades during sessions with higher trading volume, such as in the London and New York sessions. It is important to note, however, that the effectiveness of this strategy may vary depending on the currency pair being traded, as certain pairs may exhibit higher volatility during different sessions.
