Session Liquidity Map MT5
Info
The Session Liquidity Map MT5 is a Indicator for MetaTrader 5 that session liquidity map simplifies the reading of intraday market activity. It displays distinct boxes for the Asia, London, and New York sessions, highlighting the high and low price points within each selected period.
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 Liquidity Map MT5
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 Liquidity Map simplifies the reading of intraday market activity.
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 Liquidity Map simplifies the reading of intraday market activity. It displays distinct boxes for the Asia, London, and New York sessions, highlighting the high and low price points within each selected period.Also recommended: Accurate Broker Time Zones and Session Lines for MT4/MT5 - similar indicator with strong performance on MetaTrader 5.
All session times are configured using broker time, ensuring clarity and eliminating assumptions about time zones. Each session's range can be shown in points, and the high and low levels can be extended beyond the session duration for subsequent liquidity analysis.
The indicator supports the visualization of historical session boxes and updates the current session as new data becomes available. Customizable inputs include colors, transparency, lookback days, and extension length.
Main Inputs
1. Asian Start and Asian End: Define the trading hours for the Asia session.
2. London Start and London End: Define the trading hours for the London session.
3. New York Start and New York End: Define the trading hours for the New York session.
4. Lookback Days: Controls the amount of historical data displayed.
5. Show Range Text: Enables the display of the session's range in points.
6. Extend High Low: Projects the session's high and low boundaries forward in time.
Please use the trading server's clock when setting the session times. The indicator does not automatically convert local time or account for daylight saving time.
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 "1.00"
#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_plots 0
#property indicator_buffers 0
input group "Session Times in Broker Time"
input bool InpShowAsianSession = true;
input string InpAsianStart = "00:00";.......
⚠ 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.