Session Levels Indicator: Asian Range, PDH/PDL, VWAP, Swings, and Round Numbers
Info
The Session Levels Indicator: Asian Range, PDH/PDL, VWAP, Swings, and Round Numbers is a Indicator for MetaTrader 5 that session levels is a visual indicator that draws key reference levels on your chart, commonly used by intraday traders. It does not execute trades.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Session Levels Indicator: Asian Range, PDH/PDL, VWAP, Swings, and Round Numbers
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Session Levels is a visual indicator that draws key reference levels on your chart, commonly used by intraday traders.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Trading Session Boxes Indicator for MT4/MT5 - another powerful indicator for MetaTrader 5 traders.
Session Levels is a visual indicator that draws key reference levels on your chart, commonly used by intraday traders. It does not execute trades.Also recommended: Accurate Broker Time Zones and Session Lines for MT4/MT5 - similar indicator with strong performance on MetaTrader 5.
The indicator displays:
- Asian range boxes
- Previous Day High/Low (PDH/PDL)
- Daily Volume Weighted Average Price (VWAP)
- Swing points
- An information panel
How to Use
Attach the indicator to any symbol and timeframe (M5-H1 are recommended). Hover over any line or box to learn about the level and its significance. The info panel, located in the top right corner, displays current values. Colors automatically adjust for both dark and light chart backgrounds.
Input Parameters
Sessions (Broker Server Time):
- Days to draw: Specify the number of past days for which to display sessions and levels.
- Show Asian range, start hour, end hour: Enable and configure the Asian session time box.
- Extend Asian high/low until hour: Extend the Asian session's high and low as dotted lines until the specified hour.
- Show London/New York session box, start and end hours: Optionally display London and New York session boxes.
- Box colors: Select 'None' for automatic color adaptation.
Key Levels:
- Show previous day high/low (PDH/PDL).
- Show previous week high/low (PWH/PWL).
- Show round numbers: Configure the step for round numbers (0 = automatic, e.g., 5.0 for Gold, 0.005 for EURUSD) and how many levels above/below the current price to display.
VWAP and Swings:
- Show daily VWAP: Displays the tick-volume weighted average price, which resets daily.
- Show swing highs/lows and swing strength: A swing is confirmed only after a specified number of bars (N) on each side, preventing repainting after confirmation.
Alerts:
- Alert on Asian range break or previous day high-low break.
- Popup alert and/or push notification to your phone (MetaQuotes ID required).
Info Panel:
- Show or hide the information panel in the top right corner.
Notes:
Session hours are based on broker server time; adjust them according to your broker's settings.
Levels are calculated using the chart's own bars, ensuring the indicator functions immediately, even during market weekends.
Last updated 2026.
You may also like: Session Time Highlighter for MT4/MT5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.04"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 5
#property indicator_plots 3
#property indicator_label1 "Daily VWAP"
#property indicator_type1 DRAW_LINE
#property indicator_color1 clrGoldenrod.......
⚠ Limitations & Risk Warning
- 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.