summary: how to use the market session correlation report to build a NY bias from an earlier session, including the session-pair selector, the by-size and by-weekday subreports, and how to stack it with a breakout read.
what it measures
this report measures how one session's direction relates to the next — the lead-lag between the market sessions. the classic question it answers: when London closes green, how often does NY follow and also close green?
you pick the session pair — London & New York, Asia & London, or Asia & New York — and the report shows how often the later session closes the same color as the earlier one. it's a bias tool, not a trigger: you're using an earlier session that's already finished to build a directional read on a session that hasn't started yet. because the earlier session is complete by the time you're planning the next one, this is information you actually have in hand before the open.
how to read it
a high correlation means the sessions tend to move together — a green earlier session leans the later one green, and vice versa. that gives you a directional bias for the upcoming session before it opens.
the key word is bias. correlation tells you the lean; it doesn't tell you where to get in. you still need a level and a setup to trade it. open the report for the ticker and session pair you trade to see how tightly the sessions track each other.
the subreports
standard
how often the later session follows the earlier session's direction, for the pair you've chosen. this is your base read on whether one session leads the next.
by size
conditions the correlation on how big the earlier session's move was. a strong, decisive earlier session often carries into the next one more reliably than a small, choppy one — this subreport is where you see whether that holds for your ticker.
by weekday
the same correlation filtered to one weekday. use it to lean on the session relationship only on the days the data supports, and watch sample sizes on thinner days.
the customize settings
the customize button lets you set the time windows for each session and choose how each session's color is measured (open-to-close by default). whatever you set shows up in the custom settings panel on the report.
how traders use it
the main play is building a NY bias off an earlier session. London finishes strongly green, the correlation is high, so you go into the NY open leaning long and favoring long setups — a read you couldn't get from the NY session alone.
it's a confluence input, so stack it with a level-based read. pair it with the market session breakout report — correlation gives you the direction to lean, the breakout gives you the level to act on. when the earlier session's move was large, lean on the by-size view to confirm the carry-over holds.
tips
it's a bias, not a signal. never trade it alone — use it to tilt the odds on a setup you'd already be watching in the next session.
the by-size view matters. a strong earlier session carries over more reliably than a flat, indecisive one.
confirm the read holds across 1 year, 6 months, and 3 months before you lean on it, and remember consistent results take customization and reps.