Session Volume Breakout by aDiL

How to Use the Combined Session Breakout?

Session Breakout indicator is designed to assist traders in identifying key breakout levels and Fibonacci retracement levels during the London and New York trading sessions. It plots the session high, session low, and the 50% Fibonacci retracement level for each session directly on your TradingView chart. This tool is particularly useful for breakout trading strategies or for spotting potential support and resistance zones.

Recommended: Use PepperStone Chart for Perfect Use

What the Indicator Does

Session Breakout Levels: The indicator calculates the highest high (session high) and lowest low (session low) during the specified London and New York breakout sessions.

Fibonacci 50% Retracement: For each session, it computes the 50% retracement level between the session high and low, a level often considered significant by traders for potential reversals or consolidations.

Visual Representation: The session high, low, and 50% Fib levels are displayed as horizontal lines on the chart. Additionally, tiny labels mark the "High" and "Low" levels at the start of each session for quick reference.