Video lesson · ChartTrading sessions indicator: Tokyo, London and New York
Trading sessions indicator — Tokyo, London and New York trading sessions. The lesson takes 2:09; its full text is below the video.
Narrated in Russian. English subtitles are on by default.
Sessions in short
What does Sessions show?
Three lanes along the bottom of the price chart show the trading hours of the Tokyo, London and New York exchanges in the chart's time zone. The session that is open now glows. Weekends, exchange holidays and daylight saving time are taken into account.
How to read Sessions?
- Each lane is labeled with the exchange's opening and closing hours.
- When zoomed in, dashed lines mark the open and the close.
- The hours when London and New York overlap are usually the busiest.
How to use Sessions?
- Note how price behaves at the New York open, when large volumes arrive.
- Compare the ranges of the Asian and European sessions.
- Mind the holidays: trading is usually quieter when an exchange is closed.
What do you often see on Sessions?
- Crypto range and volume usually pick up when New York opens.
- US exchange holidays tend to be noticeably quieter.
- For BTC, the night hours right after the daily close end higher a bit more often than random hours, but the edge is small.
- The Asian session on its own gives no directional edge.
Where can I find Sessions?
In the Liqwall terminal: the Indicators button, the Chart section, Sessions. The “Open in the terminal” button on this page opens the chart with it already added.
Lesson text
0:00What Sessions is
Crypto trades around the clock, but money wakes up on a schedule. Sessions shows right on the chart when Tokyo, London and New York are working.
0:11How to add Sessions to the chart
Open the indicator list, go to the Chart section and select Sessions. Three tracks appear at the bottom of the price chart.
0:19How to read Sessions
Each track is one exchange session. It is labeled with the opening and closing hours in the chart's time zone. The session that is open right now glows. When zoomed in, dashed lines mark the open and the close right on the candles.
Weekends, exchange holidays and the switch to daylight saving time are accounted for. Look first of all at the time when London and New York are open at once. Usually this is the most active part of the day.
0:47Sessions settings
In the settings you can keep only the sessions you need: Tokyo, London, New York — and turn the Open and close lines and the Labels on or off.
0:58An example on a real chart
An example. September 18. From noon until half past four in the afternoon, bitcoin stood in a narrow corridor from 77 thousand 900 to 78 thousand 400. The half-hour candles in the first half of the day averaged about 250 dollars.
At half past four in the afternoon, Moscow time, New York opened. The very first half-hour candle ran from 78 thousand 100 to 80 thousand 500. At half past seven the price was at 81,200, and the average half-hour candle after the open grew about threefold.
1:36What to pair Sessions with
Sessions is convenient to watch together with Key Levels. You can see how the price behaves at the high of the previous day at the moment New York opens. With TPO it is clear which session built the main part of the day, and Macro Correlation tells you when the price moves together with stocks. In such periods the New York hours matter especially.
1:58The takeaway
Know who is trading right now, and you will understand why the market sped up. Sessions is in the Liqwall terminal, in the Chart section.
Add the indicator to the chart and look at it on your own coin.Free account — no card needed.