the market session correlation report on edgeful compares the performance correlation between two trading sessions by analyzing whether each closed green or red relative to its reference price. it calculates frequency and percentage statistics for all four outcomes: session 1 green/session 2 green, session 1 green/session 2 red, session 1 red/session 2 green, and session 1 red/session 2 red.

you get the option to use open or close as the reference price and to compare same-day or consecutive-day sessions.

this is one of the 150+ reports available on the edgeful platform. here's how it works, what the data shows, and how traders use it.

table of contents

• what the market session correlation report measures
• how the calculation works
• available subreports
• how traders use market session correlation data
• combining market session correlation with other reports
• key takeaways

what the market session correlation report measures

the market session correlation report compares the performance correlation between two trading sessions by analyzing whether each closed green or red relative to its reference price. it calculates frequency and percentage statistics for all four outcomes: session 1 green/session 2 green, session 1 green/session 2 red, session 1 red/session 2 green, and session 1 red/session 2 red.

the report is available for futures, stocks, ETFs, forex, and crypto. you can filter by ticker, session pair (london→NY, NY→asian, asian→london, etc.), and lookback period (1 month to 5+ years).

how the calculation works

the market session correlation report compares close direction across two sequential sessions.

• the report identifies the close of session A and either its open (open-to-close mode) or the prior session's close (previous-close-to-close mode) to determine direction
• it then identifies the close of session B and applies the same calculation
• each session pair is classified as matched (same direction) or reversed (different direction)
• two calculation modes are available — open-to-close and previous-close-to-close — giving different perspectives on session continuity
• this gives you a statistical breakdown of how often consecutive sessions persist in the same direction

available subreports

the market session correlation report has 1 subreport for deeper analysis:

by weekday. breaks down correlation rates by day of the week. some weekdays show stronger session-to-session continuation than others, which is essential filtering for multi-session traders.

how traders use market session correlation data

• building directional bias for the upcoming session based on the prior session's close
• timing entries when session correlation is statistically high
• avoiding counter-trend trades when correlation strongly favors continuation
• pairing with overnight continuation for global-session confluence
• risk management by knowing which weekdays show weaker correlation

the data doesn't tell you to trade. the market session correlation report tells you the historical performance of the setup in front of you. what you do with that information is your decision.

results require customization, time, and effort. the numbers change depending on your ticker, session, and lookback period. always check the data for your specific conditions.

combining market session correlation with other reports

the market session correlation report works best when combined with other edgeful reports for confluence:

• use the what's in play dashboard to see market session correlation data alongside your other favorite reports in one view
• the screener lets you scan up to 49 tickers for market session correlation setups across 4 reports simultaneously
• edgeful AI can analyze market session correlation data alongside other reports and find patterns you'd never spot manually

key takeaways

• the edgeful market session correlation report measures directional correlation between consecutive trading sessions
• available for futures, stocks, ETFs, forex, and crypto with full session pair, ticker, and date range filtering
• 1 subreport available: by weekday
• two modes: open-to-close and previous-close-to-close
• part of the 150+ reports included in the edgeful essential plan ($49/month or $39/month annual)
• works best when combined with other reports using what's in play, the screener, or edgeful AI

trading involves risk. past performance and historical data do not guarantee future results. the statistics referenced in this post are based on historical data and may not reflect future market conditions. always trade with proper risk management.