i-Session Indicator for MT4 – Easily Track Forex Trading Sessions
If you trade forex, you’ve likely heard about different trading sessions, but it can be confusing to know when they start and end. The i-Session Indicator simplifies this by clearly marking the Asian, European, and American sessions on your chart.
What is the i-Session Indicator?
The i-Session is a session separator indicator that helps traders visually distinguish between trading sessions. Each session can be color-coded, allowing you to:
Identify the current trading session instantly
Track price behavior and price ranges during specific sessions
Take advantage of high-volatility periods efficiently
How to Use the i-Session Indicator
The indicator provides two major insights:
Price patterns during a session – Identify whether the market is ranging, trending, or counter-trending
Price range of a session – Determine upper and lower boundaries for potential trades
With this information, traders can forecast the next price movement or trade breakouts/bounce-backs from session ranges.
Trading Strategies
Buy Setup:
Wait for the Asian session to close and the European session to begin.
If the price breaks out above the Asian session range, look for a buying opportunity.
Enter a long position after the bullish candle closes.
Place stop-loss below recent price consolidation.
Set take-profit at 1.5× the stop-loss.
Avoid trading if the session’s spread exceeds 50 pips.
Sell Setup:
Wait for the Asian session to close and the European session to begin.
If the price breaks out below the Asian session range, look for a selling opportunity.
Enter a short position after the bearish candle closes.
Place stop-loss above recent price consolidation.
Set take-profit at 1.5× the stop-loss.
Avoid trading if the session’s spread exceeds 50 pips.
Conclusion
The i-Session Indicator helps traders track forex trading sessions, identify key price ranges, and plan trades around high-volatility periods. As with all indicators, it should be tested on demo accounts or backtested before using in live trading. Proper application ensures safer and more effective trading decisions.
