What it does

Session Levels Indicator gives traders a direct view of the recent auction references that often matter most during the active session. It is built for clean orientation rather than for trying to predict the next move by itself.

Who this is for

This page is a good fit for traders who want a readable Session Levels Indicator workflow without having to reverse-engineer the setup from forum posts or screenshots.

Key terms for this tool

Review the core trading and platform terms tied to this page before changing settings or using the study in a live workspace.

Session TemplateSession HighSession LowSession OpenSession Close

What it is not

Session Levels Indicator is a chart-context tool. It does not place trades, manage risk automatically, or promise that a specific pattern will resolve in one direction. Use it to organize decisions, not to outsource them.

Chart examples

This chart capture shows the study on a real NinjaTrader workspace. Use it as visual reference, then confirm behavior on your own instrument, session, and timeframe.

Session Levels plotted on a chart, keeping prior-session and current-session reference prices visible across the session.

Prior-session references on chart

A chart showing session reference lines such as prior levels and the session open held in view during live trade.

Best fit

  • Orienting the session quickly with literal auction references.
  • Watching how price behaves around yesterday's high, low, close, and today's open.
  • Pairing clean session references with VWAP, opening range, or participation tools.

Before using it live

  • Import the NinjaTrader 8 ZIP through NinjaTrader's normal import flow.
  • Verify the chart is using the session template you actually trade.
  • Keep the line set small enough that the chart remains readable under pressure.
  • Review how the tool behaves on your actual session template, chart type, and instrument.

Settings to review

Show prior high/low

Toggles the prior-session high and low lines.

Show prior close

Adds the previous close as a separate reference line.

Show session open

Keeps the current session open visible during the day.

Installation notes

  1. Import the NinjaTrader 8 ZIP through NinjaTrader's normal import flow.
  2. Verify the chart is using the session template you actually trade.
  3. Keep the line set small enough that the chart remains readable under pressure.

Downloads

FreeIndicators Session Levels for NinjaTrader 8 NinjaTrader 8
Download

After the download

Keep the next step tied to this exact tool

Install it cleanly, subscribe for future updates if this workflow matters, or move straight into a structured request if the tool needs another platform or a custom version.

Source code

These source examples are provided for copy/paste workflows on other charting platforms. Review and test any script in a simulator before using it on a live chart.

TradeStation EasyLanguage MultiCharts PowerLanguage MetaTrader 4 MetaTrader 5 TradingView Pine Script
TradeStation EasyLanguage / MultiCharts PowerLanguage SessionLevelsIndicator.eld.txt 
{
  Session Levels Indicator
  FreeIndicators.com source example.
  Works as a starting point for TradeStation EasyLanguage and MultiCharts PowerLanguage.
}

Vars: PriorHigh(0), PriorLow(0), PriorClose(0), SessionOpen(0);

If Date <> Date[1] Then Begin
  PriorHigh = HighD(1);
  PriorLow = LowD(1);
  PriorClose = CloseD(1);
  SessionOpen = Open;
End;

Plot1(PriorHigh, "PDH");
Plot2(PriorLow, "PDL");
Plot3(PriorClose, "PDC");
Plot4(SessionOpen, "Open");
MetaTrader 4 MQL4 SessionLevelsIndicator.mq4 
// Session Levels Indicator
// FreeIndicators.com source example for MetaTrader 4.
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 DodgerBlue
#property indicator_color2 Crimson
#property indicator_color3 SeaGreen

double Buffer1[];
double Buffer2[];
double Buffer3[];

int init() {
   SetIndexBuffer(0, Buffer1);
   SetIndexBuffer(1, Buffer2);
   SetIndexBuffer(2, Buffer3);
   return(0);
}

int start() {
   int counted = IndicatorCounted();
   int limit = Bars - counted - 1;
   for(int i = limit; i >= 0; i--) {
      int shift = iBarShift(Symbol(), PERIOD_D1, Time[i], true) + 1;
      Buffer1[i] = iHigh(Symbol(), PERIOD_D1, shift);
      Buffer2[i] = iLow(Symbol(), PERIOD_D1, shift);
      Buffer3[i] = iClose(Symbol(), PERIOD_D1, shift);
   }
   return(0);
}
MetaTrader 5 MQL5 SessionLevelsIndicator.mq5 
// Session Levels Indicator
// FreeIndicators.com source example for MetaTrader 5.
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_plots 3

double Buffer1[];
double Buffer2[];
double Buffer3[];

int OnInit() {
   SetIndexBuffer(0, Buffer1, INDICATOR_DATA);
   SetIndexBuffer(1, Buffer2, INDICATOR_DATA);
   SetIndexBuffer(2, Buffer3, INDICATOR_DATA);
   return(INIT_SUCCEEDED);
}

int OnCalculate(const int rates_total,
                const int prev_calculated,
                const datetime &time[],
                const double &open[],
                const double &high[],
                const double &low[],
                const double &close[],
                const long &tick_volume[],
                const long &volume[],
                const int &spread[]) {
   int start = prev_calculated > 1 ? prev_calculated - 1 : 1;
   for(int i = start; i < rates_total; i++) {
      int shift = iBarShift(_Symbol, PERIOD_D1, time[i], true) + 1;
      Buffer1[i] = iHigh(_Symbol, PERIOD_D1, shift);
      Buffer2[i] = iLow(_Symbol, PERIOD_D1, shift);
      Buffer3[i] = iClose(_Symbol, PERIOD_D1, shift);
   }
   return(rates_total);
}
TradingView Pine Script v5 SessionLevelsIndicator.pine 
//@version=5
indicator("Session Levels Indicator", overlay=true)

pdh = request.security(syminfo.tickerid, "D", high[1])
pdl = request.security(syminfo.tickerid, "D", low[1])
pdc = request.security(syminfo.tickerid, "D", close[1])
plot(pdh, "Prior high", color=color.green)
plot(pdl, "Prior low", color=color.red)
plot(pdc, "Prior close", color=color.blue)

Limitations

  • Wrong session templates can make the output misleading.
  • The lines describe important prices, not entries by themselves.
  • Too many overlapping level tools can still clutter the chart.

Frequently asked questions

Does it repaint?

This indicator is designed as a chart reference tool, not as a hindsight-only backfitted signal. Even so, you should still test it bar by bar on your chart type to confirm how it behaves on the active bar.

Which platforms are covered?

NinjaTrader 8, TradeStation EasyLanguage, MultiCharts PowerLanguage, MetaTrader 4, MetaTrader 5, TradingView Pine Script are currently represented through downloads or source pages.

Is source code included?

Yes. This page includes source examples or links to platform-specific source pages where applicable.