Session Range Breakout: Asia, London, and New York High/Low Levels
Info
The Session Range Breakout: Asia, London, and New York High/Low Levels is a Indicator for MetaTrader 5 that session range breakout plots the high and low of up to three configurable intraday sessions and extends both levels to the right, so the range stays visible after the session closes. HOW IT WORKS- Each session is defined by a start hour (inclusive) and an end hour (exclusive), in server time.
Usage
This tool is typically used for breakout trading when price moves beyond key support/resistance levels.
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 Range Breakout: Asia, London, and New York High/Low Levels
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 Range Breakout plots the high and low of up to three configurable intraday sessions and extends both levels to the right, so the range stays visible after the session closes.
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 Range Breakout plots the high and low of up to three configurable intraday sessions and extends both levels to the right, so the range stays visible after the session closes.Also recommended: Accurate Broker Time Zones and Session Lines for MT4/MT5 - similar indicator with strong performance on MetaTrader 5.
HOW IT WORKS
- Each session is defined by a start hour (inclusive) and an end hour (exclusive), in server time.
- While a session is open the indicator tracks its running high and low.
- When the session closes, the two levels are drawn as dotted lines with optional NAME H / NAME L labels and a thin range rectangle.
- The levels are never recalculated afterwards, so the drawing does not repaint.
INPUTS
- Three sessions, each with on/off, display name, start hour, end hour and colour.
- Bars to scan (0 = full history), extension length in bars, line width.
- Show labels, show range rectangle.
- Alerts: popup, sound and push, fired when a bar closes outside a session range.
- Auto zoom: optionally scales the chart on load so recently closed ranges stay visible.
SUGGESTED USE
Treat the session high/low as reference levels: a close above the range high marks bullish intent for that session, a close below the range low marks bearish intent. The width of the range is also a useful volatility gauge - a narrow range means an intraday move can turn into a breakout quickly.
The indicator draws chart objects only. It does not open, modify or close any trades.
You may also like: ADX Auto Range: Automated Trend Strength and Consolidation Detection - 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
input group "Session 1"
input bool InpS1On = true;
input string InpS1Name = "ASIA";
input int InpS1FromHour = 0;.......
⚠ 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.