62. SessionMA-MT5-Ind
SessionMA is a specialized Moving Average (MA) indicator for MetaTrader 5 that calculates the MA only on bars that fall within a specified session time window. Unlike standard MA indicators that calculate across all available bars, SessionMA filters calculations to include only the data points that occur during your defined trading session.
- Coding by Denis Kislitsyn | denis@kislitsyn.me | kislitsyn.me
- Published: MQL5 Market
- Version: 1.00
This indicator is particularly useful for:
- Session-based trading strategies
- Analyzing market behavior during specific time periods
- Reducing noise from irrelevant trading hours
- Making calculations over long periods while focusing only on specific trading sessions
The indicator displays as a line on the chart, showing the MA value only during the specified session hours.
What’s new?
1.00: First versionKey Features
- Calculates MA only on bars within the specified session time window
- Supports all standard MA methods (SMA, EMA, SMMA, LWMA)
- Configurable session start and end times
- Option to calculate MA only for intraday data within the session
- Customizable MA period, shift, and applied price
Parameters
| Parameter | Default | Description |
|---|---|---|
| MA Period | 14 | Number of periods used in the MA calculation |
| MA Shift | 0 | Shifts the MA line forward (positive values) or backward (negative values) |
| MA Method | SMA | Method used for MA calculation: - SMA: Simple Moving Average - EMA: Exponential Moving Average - SMMA: Smoothed Moving Average - LWMA: Linear Weighted Moving Average |
| Applied Price | CLOSE | Price value used in calculations: - CLOSE: Closing price - OPEN: Opening price - HIGH: High price - LOW: Low price - MEDIAN: Median price (High+Low)/2 - TYPICAL: Typical price (High+Low+Close)/3 - WEIGHTED: Weighted price (High+Low+Close+Close)/4 |
| Session Start Hour | 10 | Hour when the session starts (0-23) |
| Session Start Min | 0 | Minute when the session starts (0-59) |
| Session End Hour | 18 | Hour when the session ends (0-23) |
| Session End Min | 0 | Minute when the session ends (0-59) |
| Session Only Intraday | false | When enabled (true), the indicator resets calculations at the start of each new day, ensuring that only intraday data within the session is used |
Usage Tips
- For trading specific market sessions (e.g., London, New York, Tokyo), set the session hours to match the official market hours
- When analyzing long-term trends within specific hours, set a larger MA period and disable the “Session Only Intraday” option
- For day trading strategies, enable the “Session Only Intraday” option to focus only on the current day’s session data
- The indicator works best on timeframes that provide sufficient data points within your session window (e.g., M1-H1)