FestX VST

FestX NY Session Volume Framework is a session-based momentum and liquidity indicator designed specifically for the New York market open.

The script focuses on time-based market behaviour, filtering signals to only occur at precise session transitions where institutional volume is statistically higher.

Core Concepts Used:

• Session Transition Logic
Signals are only evaluated when the New York trading session opens, eliminating noise from low-liquidity periods.

• Relative Volume Expansion
Instead of raw volume, the script compares current volume against a rolling average to detect abnormal participation at the session open.

• Directional Candle Validation
Entry bias is derived from the relationship between candle open and close at the session trigger, aligning trades with immediate momentum.

• Optional Session Range Context
The tool can be used alongside Asian session highs and lows to identify continuation or reversal behaviour after range compression.

What Makes This Script Different:

This indicator does not attempt to predict direction throughout the day.
It deliberately restricts signals to one specific institutional window, using volume expansion + price acceptance to confirm direction.

This design reduces overtrading and focuses traders on high-quality, time-based opportunities rather than constant signals.

Intended Use:
• NY session open traders
• Index and futures traders
• Traders seeking confirmation at session transitions

This script is not a traditional trend indicator or oscillator and is best used as a contextual decision tool, not a standalone signal generator.