Key Session Levels (KUUUMZ)

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📜 Summary
Tired of manually drawing the same key levels every single trading day? The KUUMZ-Key Session Levels indicator automates this entire process, plotting the most critical intraday and previous day levels directly on your chart. This tool provides a clean, dynamic framework of potential support and resistance zones, allowing you to focus on your trading strategy, not on chart setup.
Built for day traders and scalpers of US equities, this indicator helps you instantly visualize the market's structure from the moment the session begins.

🎯 Key Levels Plotted
This indicator automatically identifies and draws horizontal lines for the following session levels:

• Previous Day High (PDH) & Low (PDL): The highest and lowest points of the prior trading day, which often act as major psychological support and resistance magnets.
  
• Pre-Market High & Low (PMH/PML): The range established during the pre-market session (4:00 - 9:30 AM ET). A breakout from this range can often signal the initial directional bias.
  
• 5-Minute Opening Range High & Low (OR5): The high and low of the first 5 minutes of the regular session (9:30 - 9:35 AM ET). A crucial level for opening range breakout (ORB) strategies.
  
• 15-Minute Opening Range High & Low (OR15): The high and low of the first 15 minutes (9:30 - 9:45 AM ET), providing a slightly broader view of the initial balance area.
  

📈 How to Use This Indicator
These levels are fundamental to many intraday trading strategies:

• Support & Resistance: Watch how price reacts as it approaches these levels. A bounce or rejection can signal a potential reversal, while a clean break can indicate continuation.
  
• Breakout Trading: A strong, high-volume move through one of these levels (e.g., breaking above the Pre-Market High) can be an entry signal for a breakout trade.
  
• Market Context: Quickly gauge market sentiment. Is the price trading above or below the previous day's range? Is it trapped within the opening range? These levels provide immediate context to the current price action.
  
• Setting Targets & Stops: Use these levels to set logical profit targets or place stop-loss orders. For example, if you go long on a breakout of the 5-min OR, the Pre-Market High or Previous Day High could be your first target.
  

⚙️ Features & Customization

• The script is designed to be flexible and clean, allowing you to tailor it to your specific charting style.
  
• Toggle Any Level: Enable or disable any set of levels (Previous Day, Pre-Market, etc.) to reduce clutter.
  
• Full Style Control: Customize the Color, Width, and Style (Solid, Dotted, Dashed) for each pair of high/low lines independently.
  
• Optional Labels: A master switch allows you to show or hide all price labels (like "PDH", "PM Low", etc.) with a single click.
  
• Automatic & Dynamic: Levels are calculated and drawn in real-time as each session concludes and are automatically cleared and reset for the next trading day.
  

9 saat önce

Sürüm Notları

📜 Summary
Tired of manually drawing the same key levels every single trading day? The KUUUMZ-Key Session Levels indicator automates this entire process, plotting the most critical intraday and previous day levels directly on your chart. This tool provides a clean, dynamic framework of potential support and resistance zones, allowing you to focus on your trading strategy, not on chart setup.

Built for day traders and scalpers of US equities, this indicator helps you instantly visualize the market's structure from the moment the session begins.

🎯 Key Levels Plotted
This indicator automatically identifies and draws horizontal lines for the following session levels:

• Previous Day High (PDH) & Low (PDL): The highest and lowest points of the prior trading day, which often act as major psychological support and resistance magnets. (this wasn't working correctly in v1.0)
  
• Pre-Market High & Low (PMH/PML): The range established during the pre-market session (4:00 - 9:30 AM ET). A breakout from this range can often signal the initial directional bias.
  
• 5-Minute Opening Range High & Low (OR5): The high and low of the first 5 minutes of the regular session (9:30 - 9:35 AM ET). A crucial level for opening range breakout (ORB) strategies.
  
• 15-Minute Opening Range High & Low (OR15): The high and low of the first 15 minutes (9:30 - 9:45 AM ET), providing a slightly broader view of the initial balance area.
  

📈 How to Use This Indicator
These levels are fundamental to many intraday trading strategies:

• Support & Resistance: Watch how price reacts as it approaches these levels. A bounce or rejection can signal a potential reversal, while a clean break can indicate continuation.
  
• Breakout Trading: A strong, high-volume move through one of these levels (e.g., breaking above the Pre-Market High) can be an entry signal for a breakout trade.
  
• Market Context: Quickly gauge market sentiment. Is the price trading above or below the previous day's range? Is it trapped within the opening range? These levels provide immediate context to the current price action.
  
• Setting Targets & Stops: Use these levels to set logical profit targets or place stop-loss orders. For example, if you go long on a breakout of the 5-min OR, the Pre-Market High or Previous Day High could be your first target.
  

⚙️ Features & Customization
The script is designed to be flexible and clean, allowing you to tailor it to your specific charting style.

• Toggle Any Level: Enable or disable any set of levels (Previous Day, Pre-Market, etc.) to reduce clutter.
  
• Full Style Control: Customize the Color, Width, and Style (Solid, Dotted, Dashed) for each pair of high/low lines independently.
  
• Optional Labels: A master switch allows you to show or hide all price labels (like "PDH", "PM Low", etc.) with a single click.
  
• Automatic & Dynamic: Levels are calculated and drawn in real-time as each session concludes and are automatically cleared and reset for the next trading day.
  

Version 1.1 updates

• Complete PDH/PDL Overhaul: The logic for the Previous Day High & Low has been entirely rewritten. It now uses a robust bar-by-bar tracking method for maximum accuracy, especially on tickers with extended hours trading.
  
• Contextual Line Drawing: Both PDH/PDL and Pre-Market High/Low lines now start from the exact bar where the level was actually established, extending forward. This gives you immediate visual context for the level's origin.
  
• Enhanced Reliability: The underlying code has been improved for better stability and performance across all sessions.