LessonsIndicator atlasPrice and value
Session opens
The moments when new participants enter the market: Asia, London, New York.
How we compute it
Asia from 00:00 UTC, London from 08:00 London time, New York from 09:30 New York time (the cash equity open), with daylight saving handled automatically. A session lasts until the next one opens.
How to read it
- Volatility and volume rise after the opens, especially New York.
- The type of day is often set in the morning; the New York open can change it.
Traps
- An open is not a direction: the move after an open goes both ways and is often quickly given back.
Combine with
- With the IB: the range of the session's first hour as a map of the day.
- With session VWAP: is the new session trading above or below the previous one's price.
In Charts
Indicators → Session opens