OPEN-SOURCE SCRIPT

Sunset Zones by PDV

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Description
Sunset Zones by PDV is an intraday reference indicator that plots key horizontal levels based on selected “root candles” throughout the trading day. At each programmed time, the indicator identifies the high and low of the corresponding candle and projects those levels forward with extended lines, providing traders with a clean visual framework of potential intraday reaction zones.
These zones serve as reference levels for support, resistance, liquidity grabs, and session context, allowing traders to analyze how price reacts around time-specific structures. Unlike lagging indicators, Sunset Zones gives traders real-time, rule-based levels tied directly to the price action of specific moments in the session.
Key Features
Predefined Time Codes
The script comes with a curated list of intraday timestamps (in HHMM format). Each represents a “root candle” from which levels are generated. Examples include 03:12, 06:47, 07:41, 08:51, etc. These time codes can reflect historically important market moments such as session opens, liquidity sweeps, or volatility inflection points.
Automatic Zone Plotting
At each root time, the script captures the candle’s high and low and instantly extends those levels forward across the chart. This provides consistent, objective reference points for intraday trading.
Extended Lines
Levels are projected far into the future (default: 500 bars) so traders can easily track how price interacts with those zones throughout the day.
Color-Coded Levels
Each root time is assigned a distinct color for fast identification. For example:
03:12 → Fuchsia
06:47 → Purple
07:41 → Teal
08:51 → White
09:53 → White
10:20 → Orange
11:10 → Green
11:49 → Red
12:05 → White
13:05 → Teal
14:09 → Aqua
This helps traders quickly recognize which time-of-day level price is interacting with.
Lightweight & Visual
The indicator focuses purely on price and time, avoiding complexity or lagging signals. It can be layered with other analysis tools, order flow charts, or session-based studies.
Practical Use Cases
Intraday Bias:
Observe whether price respects, rejects, or consolidates around these reference levels to form a bias.
Liquidity Zones:
High/low sweeps of the root candle can act as liquidity pools where institutions might trigger stops or reversals.
Support & Resistance:
Extended lines create intraday S/R zones without the need to manually draw levels.
Confluence Finder:
Combine Sunset Zones with VWAP, session ranges, Fibonacci levels, or higher-timeframe structure for layered confluence.
Important Notes
This is a visual reference tool only. It does not generate buy or sell signals.
Default times are provided, but the concept is flexible — traders can adapt it by modifying or expanding the list of time codes.
Works best on intraday timeframes where session structure is most relevant (e.g., 1-minute to 15-minute charts).
✅ In short: Sunset Zones by PDV gives intraday traders a systematic way to anchor their charts to important time-based highs and lows, creating a consistent framework for analyzing price reactions across the day.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.