Summary of "🌍 Xi Asian Session Indicator for MetaTrader 4/5 – Free – [TradingFinder]"

Xi Asian Session Indicator Overview

The video introduces the Xi Asian Session Indicator, a free tool available for download on the TradingFinder website. It is compatible with MetaTrader 4 and MetaTrader 5 platforms and is designed to help traders identify and visually mark the high and low price range of the Asian trading session on forex price charts. This assists traders in spotting potential trading opportunities based on session price action.

Key Features & Usage

Functionality: The indicator automatically displays the Asian session high and low range on charts using shaded boxes. This visual aid helps traders identify buy or sell signals based on how price behaves around these levels.
Trading Strategies Highlighted:
- Fake breakouts and liquidity sweeps: Price may fake break above or below the Asian session range to collect liquidity before reversing direction.
- Breakout and pullback trades: Traders can enter buy or sell positions after price breaks above or below the Asian session high/low and then pulls back to that breakout level.
Customization & Settings:
- Session start and end times: Can be precisely set to match local time zones (default start time = 0, which is midnight UTC).
- Alerts: Enable or disable alerts when price crosses the Asian session range, with adjustable alert thresholds.
- Visual customization:
  - Toggle visibility of range labels.
  - Change colors of session range boxes, vertical start/end session lines, and labels.
  - Select line styles (solid, dash, dot, dash-dot, dash-dot-dot) and line thickness for session boundary lines.
  - Customize label text for session open and close lines (default labels: “Asian session open” and “Asian session close”).
- Historical data display: Option to set how many past days’ session ranges are drawn on the chart (default is 5 days).
Additional Tools: It is recommended to use forex market clocks or global trading session tools (also available on TradingFinder) to accurately set session times.

Market Focus

The indicator is primarily designed for forex trading, focusing on the Asian trading session as a key timeframe for intraday market analysis.
No specific tickers, stocks, ETFs, or other asset classes are mentioned.

Methodology / Step-by-Step Trading Framework

Identify the Asian session high and low range using the indicator’s shaded boxes on the chart.
Observe price action relative to this range during and after the Asian session.
Look for fake breakouts or liquidity sweeps beyond session boundaries to anticipate potential reversals.
Alternatively, trade breakouts followed by pullbacks to the session high or low for entry points.
Use alerts and visual cues provided by the indicator to manage trade timing and risk effectively.

Disclaimers

No explicit financial advice or disclaimers are mentioned in the video subtitles.
The indicator is presented as a tool to support trading strategies rather than a guaranteed profit system.