Market Sessions

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This script was inspired by Simple Market Session by tradergav.
I have improved and optimized it, making it compatible with Pine Script v6 and adding new features/enhancements.
All credit to the original author for the initial idea.

1. Purpose
The script highlights four major market sessions on your TradingView chart — Sydney, Tokyo, London, and New York. Each session is displayed as a colored background during its active hours.

2. How it Works
Default Times in UTC+1

• The script starts with fixed session times (in UTC+1 time).
  

Adjusting to Your Timezone

• You tell the script your own UTC offset. The script then shifts each session’s start/end time so they appear correctly in your local time on the chart.
  
• **For example, if you set your timezone to UTC+3, the script calculates the difference from its default base (UTC+1), which is +2 hours, and shifts all the session times by that amount.
  

In simple terms:
You pick your local timezone offset, and the indicator automatically shows when each of the four major sessions is open in your local time on your TradingView chart. That’s it!

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To keep your chart clean, it only shows these colored sessions on smaller timeframes (anything up to 30 minutes, plus any second-based charts). If you switch to hourly or higher (1H, 4H, Daily, etc.), the background shading is hidden.

You can set up alerts so that you’ll be notified the moment a new trading session starts. For example, if you enable the “Sydney Session Start” alert, you’ll get a pop-up or push notification (depending on your TradingView settings) whenever the Sydney session begins on your chart.