London & NY Session Markers + Pip Movement

This indicator visually marks the London and New York trading sessions on your chart and optionally calculates the pip range (high-low movement) during each session. It's specifically designed for Forex traders, helping you identify volatility windows and analyze market movement within major session times.

🔍 Key Features:
✅ Session Open/Close Markers
Draws vertical dotted lines at:

London Open (08:00 UK time)

London Close (11:00 UK time)

New York Open (14:00 UK time)

New York Close (17:00 UK time)

Each marker is labeled clearly ("London Open", "NY Close", etc.)

Uses color-coding for easy identification:

Aqua for London

Lime for New York

✅ Pip Range Display (Optional)
Measures the high-low price movement during each session.

Converts this movement into pips, using:

0.0001 pip size for most pairs

0.01 pip size for JPY pairs (auto-detected)

Displays a label (e.g., "London: 42.5 pips") above the candle at session close.

This feature can be toggled on/off via the settings panel.

✅ Time-Zone Aware
Session times are aligned to Europe/London time zone.

Adjusts automatically for Daylight Saving Time (DST).

✅ User Controls
Toggle visibility for:

London session markers

New York session markers

Pip range labels

📊 Use Cases:
Identify when liquidity and volatility increase, especially during session overlaps.

Analyze historical session-based volatility (e.g., compare NY vs. London pip ranges).

Combine with price action or indicator signals that work best in high-volume hours.

Optimize entry and exit timing based on session structure.

⚙️ Best Timeframes:
5-min to 1-hour charts for precise session tracking.

Works on Forex and CFD pairs with standard tick sizes.

⚠️ Notes:
This tool does not repaint and uses only completed bar data.

Pip calculation is based on the chart’s current symbol and tick size.

Designed for spot FX, not intended for cryptocurrencies or synthetic indices.

✅ Ideal For:
Forex Day Traders

Session-based Strategy Developers

London Breakout or NY Reversal Traders

Anyone analyzing volatility by session windows