Sessions
By LuxAlgoDec 14, 2022
Sessions turns the clock into a chart object: it draws up to four custom trading sessions and builds metrics from the closing prices inside each one: a range highlight, a session trendline, a mean, and a session VWAP. Defaults cover the major forex windows; every session time is set in plain hh:mm. Because the math runs on intra-session closes, it is designed for charts of one hour or below, where each window still contains enough bars to measure.
How to Trade the Sessions?
- Range highlights: compare the shaded boxes across the day to see which window produces the widest swings, then build your plan around it.
- Session trendline: a fast read of the direction price took within a window, handy for catching an intraday shift early.
- Mean and VWAP: the session mean marks an equilibrium level that often acts as support or resistance, while the session VWAP serves as a dynamic level during live trading.
- Dashboard: Status shows whether a session is open, Trend scores direction from -1 to 1 (near either extreme means strongly one-way), Volume accumulates activity, and σ measures volatility for ranking windows.
Window-by-window dissection is the heart of time-based analysis: knowing which window moves your instrument decides when a setup is worth taking.
Sessions Settings
- Enable Session: turns a configured session and all of its elements on or off.
- Session Time: the window's opening and closing times in hh:mm format.
- Range / Trendline / Mean / VWAP: toggle each per-session metric individually.
- Show Dashboard: displays the overview table, with Advanced Dashboard adding the per-session statistics.
- Show Session Divider / Show Daily Divider: mark session intervals and day boundaries along the chart's base.
Frequently Asked Questions
Free on Vela
Run it on Vela. Go further with a paid plan.
- Up to 500 strategy alerts, with webhook automation
- Up to 10× the chart history of Free
- Orderflow lookback up to full history
- More Quant usage to customize it, plus extra usage when you need it
- Futures data alongside crypto, stocks, forex and commodities
Also works on
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