Named Sessions

Shows London, New York and Tokyo sessions (and optionally Sydney).

Beginner-friendly - shows names of sessions, not just colors
Marks low and high of session
Shows if session is currently open
Session names can be customized
Session label is placed above or below depending on price move during session, visually indicating the trend (also works during open session)
Is displayed only on timeframes below 4H

How it works

Session trend is calculated simply by subtracting the session's opening price from the session's closing price (or current price if session is open).

If there is a gap before the session, the previous close is used instead of the first candle's open price.

Release Notes

Added option for NY stocks session

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

StefanReich

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

StefanReich

Also on: