Market session correlation

Check out one of our founders explaining this report in the video below:

This report looks at the relationship between the current session & the previous session — it checks to see how the current session closes for every time the previous session closes green or red. By analyzing the alignment in the direction of their closes, this gives you insights into potential predictive patterns between these two major market sessions.

A session being red or green is measured by two ways : previous close to close and open to close. This can be changed my selecting the gear icon.

Now lets see some live market examples :

PREV CLOSE TO CLOSE

Now lets see an example of OPEN TO CLOSE

HOW DO I USE THIS IN MY TRADING ?

During your pre-market plan, look at whether previous session closed green or red, and that will give you an indication of a bias for the current session. if there's a strong relationship between the previous and current sessions closing in the same direction, the previous session should give you a good understanding of how the current session will move. understanding the correlation between the two trading sessions is crucial for traders because it can provide predictive insights that enhance your edge. if you can see a consistent pattern where the closure of one session influences the direction of the next, you can better position yourself to capitalize on expected movements. this correlation is especially valuable for planning entries and exits, managing risk, and setting expectations for volatility and liquidity.