Quantora Trading Session Monitor MT5: Professional Market Session and Activity Analysis

Related: Quantora Account Health Monitor MT5: Professional Account Health and Risk Monitoring - another powerful indicator for MetaTrader 5 traders.

Quantora Trading Session Monitor MT5

Also recommended: Quantora Symbol Information Dashboard MT5 - Professional Symbol and Trading Specifications Panel - similar indicator with strong performance on MetaTrader 5.

A professional indicator for MetaTrader 5 designed to monitor global trading sessions and current market activity.

Monitors the four major global trading sessions: Sydney, Tokyo, London, and New York.

Automatically identifies active and overlapping sessions, calculates time remaining until session close, and displays countdowns for upcoming session openings.

Analyzes market conditions using ATR-based activity measurement, current spread, and daily trading range.

Presents all information via a modern dashboard directly on the MetaTrader 5 chart.



Main Features

- Sydney Session monitoring
- Tokyo Session monitoring
- London Session monitoring
- New York Session monitoring
- Active / Closed session status
- Session opening countdown
- Session closing countdown
- Multiple active session detection
- Automatic session overlap detection
- Active sessions summary
- Next session identification
- Next session countdown
- Current UTC Time
- Broker Server Time
- Current Trading Symbol
- Live Spread in points
- Current ATR
- Average ATR comparison
- ATR-based Market Activity analysis
- LOW Activity classification
- NORMAL Activity classification
- HIGH Activity classification
- Current Daily High-Low Range
- Configurable session hours
- Configurable activity thresholds
- Automatic real-time updates
- Professional Quantora dashboard
- Low CPU usage
- Works on all chart timeframes
- Free and open-source MQ5 code



Global Trading Sessions

Monitors four major market sessions using configurable UTC reference hours.

Default Configuration:

SYDNEY
Open: 21:00 UTC
Close: 06:00 UTC

TOKYO
Open: 00:00 UTC
Close: 09:00 UTC

LONDON
Open: 07:00 UTC
Close: 16:00 UTC

NEW YORK
Open: 12:00 UTC
Close: 21:00 UTC

Session hours can be adjusted directly from the indicator inputs, accommodating different trader preferences and instruments.



Active Session Detection

Each market session is automatically classified as either ACTIVE or CLOSED.

Example:

SYDNEY CLOSED
TOKYO CLOSED
LONDON ACTIVE
NEW YORK ACTIVE

The dashboard displays all currently active sessions together.

Example:

ACTIVE SESSIONS:

LONDON / NEW YORK



Session Overlap Detection

When multiple configured sessions are active simultaneously, the indicator automatically identifies the overlap.

Example:

OVERLAP:

LONDON / NEW YORK

Periods where major financial centers operate concurrently may exhibit distinct liquidity and volatility characteristics.

The indicator reports detected session states but does not generate trading signals.



Session Countdown

Each session includes a live countdown.

When a session is active:

LONDON

ACTIVE

CLOSES IN
01:24:35

When a session is closed:

SYDNEY

CLOSED

OPENS IN
05:42:18

Countdown values update automatically while the indicator is running.



Next Session

The indicator automatically identifies the nearest upcoming session from the configured schedule.

Example:

NEXT SESSION

SYDNEY

STARTS IN
06:17:42

This feature allows traders to quickly determine when the next configured global market session begins.



Market Activity Monitor

Features an ATR-based market activity system.

Compares the current ATR with the average ATR calculated from previous values.

Classifies the result into three conditions: LOW, NORMAL, HIGH.

Example:

CURRENT ATR 3.85
AVERAGE ATR 2.62

MARKET ACTIVITY
HIGH

This provides a simple, real-time indication of current volatility relative to recent market behavior.



Activity Thresholds

ATR comparison thresholds are configurable.

Default values:

Low Activity Ratio 0.80
High Activity Ratio 1.20

Activity is classified as LOW if the current ATR is below the configured low ratio relative to average ATR. Activity is classified as HIGH if it exceeds the configured high ratio. Values between these thresholds are classified as NORMAL.



Daily Range

Calculates the current day's trading range (Daily High - Daily Low).

Example:

TODAY RANGE
28.42

This provides an additional reference for the instrument's movement during the trading day.



Spread Monitoring

Continuously monitors the current Bid/Ask spread of the chart symbol.

Example:

SYMBOL XAUUSD
SPREAD 18.0 pts

Spread is displayed in broker points.



UTC and Broker Time

Simultaneously displays UTC time and the broker's server time.

Example:

UTC TIME
12:42:18

SERVER TIME
15:42:18

Facilitates comparison between the configured UTC session schedule and the broker's current server time.



Configurable Inputs

Users can customize:

- Sydney Open Hour
- Sydney Close Hour
- Tokyo Open Hour
- Tokyo Close Hour
- London Open Hour
- London Close Hour
- New York Open Hour
- New York Close Hour
- ATR Period
- ATR Lookback
- Low Activity Ratio
- High Activity Ratio
- Dashboard position
- Update interval

All session hours use a UTC reference.



Installation

Place the Quantora_Trading_Session_Monitor_MT5.mq5 file inside the MQL5 → Indicators folder.

Compile the source code using MetaEditor.

Attach Quantora Trading Session Monitor MT5 to any MetaTrader 5 chart.

The indicator will automatically begin monitoring configured global trading sessions and current market conditions.



Important Notes

Session hours are configurable UTC reference hours. Actual financial market operating schedules may vary due to Daylight Saving Time, public holidays, broker schedules, instrument trading hours, and regional market conventions. Users should adjust session inputs as needed.

The Market Activity classification is based on ATR comparison and represents relative volatility; it does not measure institutional liquidity or trading volume.

This indicator does not predict market direction, provide trading signals, or manage positions. It is designed for market monitoring and informational purposes only and does not offer financial advice. The original copyright is dated 2026.

You may also like: Quantora Trade Statistics Dashboard MT5 - Professional Trading Performance Analytics - excellent alternative for indicator users on MetaTrader 5.

#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version   "1.00"
#property strict
#property indicator_chart_window
#property indicator_plots 0
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
input group "========== SESSION HOURS (UTC) =========="
input int InpSydneyOpenHour   = 21;
input int InpSydneyCloseHour  = 6;

.......

• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.