Session Highs and Lows Indicator

4 Ara 2024

This indicator marks the high and low levels for key trading sessions, allowing traders to identify significant price zones across different markets. The default session times are defined in UTC and will automatically adjust to your local timezone:
- **London Session (07:00-09:00 UTC)**: Tracks intraday liquidity zones for potential highs/lows.
- **New York Session (12:00-14:00 UTC)**: Highlights volatility during market overlaps with Europe.
- **Asia Session (23:00-01:00 UTC)**: Confirms trend continuation and retracement opportunities.
- **New York Close Session (19:00-21:00 UTC)**: Focuses on reversals and breakout tests during global transitions.

The script dynamically updates session highs and lows with clear labels and dashed horizontal lines for better visualization. **Time ranges can be adjusted to suit your trading preferences.** This makes the indicator flexible and effective for liquidity hunting, trend trading, and breakout strategies.

20 Haz

Sürüm Notları

Script Description

This indicator marks the high and low levels for key trading sessions to help identify significant intraday price zones across major financial markets. All session times are defined in UTC and will automatically align with the chart’s local timezone. The indicator updates in real time with clearly labeled session highs and lows, and includes dashed horizontal lines for improved visualization.

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Included Sessions

* London Session (08:00–10:00 local time)
Identifies price action during the early European trading hours.
Automatically adjusts between UTC and UTC+1 based on daylight saving time.

* New York Session (08:00–10:00 local time)
Highlights price movement during the overlap with London.
Automatically adjusts between UTC-5 and UTC-4 based on daylight saving time.

* Asia Session (07:00–09:00 GMT+8)
Focuses on early Asian market activity. Session time is fixed and not affected by daylight saving.

* New York Close Session (15:00–17:00 local time)
Captures late-day market reversals and positioning. Adjusts for DST as with New York session.

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Features

* Automatically adjusts London and New York session times based on DST
* Tracks and updates session high and low levels in real time
* Labels each session’s high and low with color-coded tags
* Draws dashed horizontal lines to extend session high/low zones across the chart
* Timezone-aligned: session markers adjust to the user’s local timezone
* Configurable: turn individual sessions on or off via settings
* Designed for intraday traders using breakout, trend-following, or liquidity-based strategies

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What’s New in This Version

* Added automatic daylight saving time (DST) support for London and New York sessions
* Introduced custom line color and width settings for each session
* Unified and optimized timestamp handling with clearer session definitions
* Maintained full compatibility with existing label and line rendering
* Improved internal structure for better performance and readability