Trading Street

Trading Street Indicator

Trading Street is a comprehensive trading indicator that combines session timing analysis with technical trend analysis. It provides traders with visual cues for optimal trading times and market direction, making it perfect for forex and crypto trading.

Key Features

🕐 Trading Session Detection
Asia Session: 05:30 - 14:30 IST (Indian Standard Time)
London Session: 12:30 - 20:30 IST
New York Session: 18:30 - 02:30 IST (overnight)
Visual Session Backgrounds: Each session is highlighted with distinct colors
Session Overlap Handling: Smart precedence system (NY > London > Asia)

📊 Technical Analysis
50 EMA (Exponential Moving Average): Default golden line for trend analysis
Customizable EMA: Adjustable length (1-200 periods)
Trend Background: Green when price > EMA (bullish), Red when price < EMA (bearish)
Visual Trend Signals: Background colors change based on price vs EMA relationship

🎨 Customization Options
Session Colors: Customize Asia (green), London (blue), New York (orange)
EMA Settings: Adjust color, width, and length
Transparency Control: Adjust background opacity (0-100%)
Individual Toggles: Turn sessions and EMA on/off independently

How to Use
For Session Trading:
Identify Active Sessions: Look for colored backgrounds indicating active trading sessions
Session Overlaps: London-New York overlap (18:30-20:30 IST) is typically high volatility
Session Transitions: Watch for session changes for potential breakout opportunities

For Trend Analysis:
EMA Trend: Golden EMA line shows overall market direction

Background Colors:
Green background = Bullish trend (price above EMA)
Red background = Bearish trend (price below EMA)
Trend Confirmation: Use EMA alignment with session timing for better entries

Trading Strategy:
Session + Trend Alignment: Best trades when session activity aligns with EMA trend
Session Transitions: Look for breakouts during session changes
High Volatility Periods: London-New York overlap often provides best opportunities

Settings
Session Settings:

Show Asia Session: Toggle Asia session background
Show London Session: Toggle London session background
Show New York Session: Toggle New York session background
Background Transparency: Adjust opacity (0-100%)

EMA Settings:
Show EMA: Toggle EMA line on/off
EMA Length: Adjust period (1-200, default: 50)
EMA Color: Customize line color
EMA Line Width: Adjust thickness (1-4)
Best Timeframes
Recommended: 15M, 1H, 4H, Daily
Best for: Forex pairs, Crypto, Major indices
Optimal Use: Combine with price action and support/resistance levels

Pro Tips
Session Awareness: Trade during active sessions for better liquidity
Trend Confirmation: Use EMA trend to confirm session-based setups
Risk Management: Avoid trading during low-activity periods
Multi-Timeframe: Use on higher timeframes for trend, lower for entries

Technical Details
Pine Script Version: v5
Overlay: True (displays on main chart)
Timezone: IST (Indian Standard Time)

Compatibility: All TradingView instruments
Perfect for traders who want to combine session timing with technical analysis for better trading decisions! 🚀