SessionStat+ [JJumbo]

Introduction
The SessionStat+ indicator is a sophisticated and dynamic tool crafted for TradingView, designed to empower traders with precise, data-driven insights into price movements across customizable trading sessions and timeframes. Tailored for day traders, swing traders, and market analysts, this script generates critical pivot points—such as highs, lows, and projections—by analyzing historical price ranges, enabling traders to anticipate key support, resistance, and breakout levels with confidence. Whether you’re targeting the volatility of the New York session, tracking the daily range during Regular Trading Hours, or analyzing custom sessions like the Asia market, SessionStat+ delivers actionable intelligence to align with your trading strategy. Its intuitive interface, robust customization options, and rich visualizations make it an essential tool for navigating diverse markets, from stocks and forex to cryptocurrencies.


Key features:

• Algorithmic Calculations of Price:
  Leverage algorithmic theory to measure price movements with precision. This tool calculates average session high and low price levels as well as maximum expansions, providing traders with actionable insights based on historical data.
  

• Four custom Sessions Times and Five Time-Frame Fixed sessions:
  Customize up to four Time ranges to focus on specific trading sessions. This allows traders to align their analysis with the operational hours and favourite session, such as 9am to 12pm, capturing the most relevant price movements. Traders can also create unique sessions based on their trading Time to study market behaviour when they usually operate in the markets – unlocking a level of understanding towards their personal backtested model and strategies.
  The non custom session feature allows you to display time-frame fixed time ranges such as weekly, daily, 4 hour, 1 hour, 15 minutes.
  

• Custom Calculation lookback and type of average:
  The sample size of the sessions can be set to a number up to 1000 – the default is 60. This allows traders to adjust the depth of historical data based on the time frame used in their analysis, balancing detail and performance.
  

• Max Expansion Projections:
  The projections are based on the average high and low and function as max expansion out side of the statistical range, fully customizable, helping traders catch bigger moves in volatile markets.
  

• Additional inputs:

User Guidance

• Custom Appearance: Adjust the style of session lines with options like dotted, solid, and various colors. This helps traders visually distinguish between different types of market activities (e.g., Open, Manipulation, Distribution) on their charts.
  
• Lookback Periods: Option to show available lookback periods for a deeper historical analysis, providing context and historical benchmarks for current market conditions.
  
• Extended Visualization:Pre-extend lines until session close or extend until day end for better visualization of market phases. This helps traders see the continuation of trends and market behaviours beyond the immediate session.
  

Terms & Conditions

• Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
  
• By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.