Market DNA: Structure, Volume, Range, and SessionsMarket DNA: Structure, Volume, Range, and Sessions**
The Market DNA indicator combines market structure, volume analysis, trading ranges, and global trading sessions into a single, comprehensive tool for traders. It helps identify key price levels, volume patterns, consolidation phases, and active market periods, enabling informed trading decisions.
Market Structure Detects swing highs and lows using `ta.pivothigh` and `ta.pivotlow`, plotting them as red/green triangles to highlight support/resistance and trend reversals.
- Fractal Volume Zones (FVG): Highlights areas of significant buying/selling pressure by comparing current volume to an average over a lookback period; high-volume zones are marked with a semi-transparent blue background.
- Trading Range: Defines a price channel using the Average True Range (ATR) and a multiplier, creating upper/lower bands to identify consolidation, breakouts, and potential trade levels.
- Market Sessions: Highlights major global trading sessions (Asia, Europe, US) with colored backgrounds (purple, teal, yellow) to indicate liquidity and volatility shifts.
How It Works
- Swing points help analyze trends and reversals.
- FVG confirms price movements with high volume for stronger signals.
- Trading range bands assist in identifying breakout opportunities and setting stops/take-profits.
- Session highlights allow traders to adapt strategies based on regional activity.
Customization
- Adjust `swing_length` for sensitivity in detecting turning points.
- Modify `volume_lookback` to control volume averaging.
- Tune `range_multiplier` for wider/narrower trading bands.
- Enable/disable session highlighting via `session_highlight`.
Use Cases
- Identify trends and key levels using swing points and FVG.
- Spot breakout opportunities with trading range bands.
- Adapt strategies to regional trading sessions for optimal timing.
This all-in-one indicator provides a clear, customizable view of the market, empowering traders to make data-driven decisions across asset classes and timeframes.
"session high" için komut dosyalarını ara
Asia Sessions AutoPlotting**Asia Sessions AutoPlotting**
This script is designed to automatically detect and plot the Asia session high and low levels directly on your chart, providing key session data for trading analysis. It is highly customizable, making it an essential tool for traders who rely on session data for decision-making.
### Key Features:
- **Asia Session Detection**: Automatically identifies the Asia session based on user-defined time settings (default: 0000-0845 UTC).
- **High/Low Line Plotting**: Displays high and low price levels for the session with customizable colors and line styles.
- **Line Extensions**: Option to extend session high/low lines for future price action reference.
- **Session Background Fill**: Adds an optional colored background to highlight the Asia session period.
- **Day Labels**: Includes labels for the session high/low levels with the corresponding day of the week.
- **Dynamic Session History**: Limits the display to a user-specified number of past sessions (default: 7) to keep the chart clean and focused.
- **Customizable Colors**: Highlights Mondays with unique colors for easy identification, while other weekdays use a different scheme.
### Use Cases:
- Identify key session levels for trading strategies.
- Monitor Asia session dynamics and their impact on subsequent sessions.
- Spot significant price reactions around session highs/lows.
### Inputs:
- **Session Time**: Adjust the session time to match your preferred Asia trading hours.
- **Toggle High/Low Lines**: Enable or disable the plotting of session highs and lows.
- **Line Extensions**: Extend the session high/low lines into future bars for better visualization.
- **Background Highlight**: Toggle a colored background for the Asia session.
- **Maximum Sessions**: Define how many past sessions to display for clarity.
This script is perfect for intraday traders, scalpers, and swing traders looking to gain insight into the Asia session and its influence on global markets. Fully adjustable and easy to use, it enhances your chart with critical information at a glance.
Simply add it to your TradingView chart, configure your settings, and let it do the work for you!
BOS TRADER [v 1.0] [Influxum]The name of the tool, BOS Trader, comes from the abbreviation BOS, which stands for Break Of Structure. In simple terms, this tool identifies situations where a change in market structure occurs after liquidity has been grabbed. Following the structural change, it looks for a point where the balance between buyers and sellers will be tested, potentially continuing the price movement in the direction of the structural break.
The goal of this tool is to identify areas where a trader can look for potential entry opportunities based on their entry rules and filters. In our own research, we found that while this tool is not a standalone strategy, it provides a statistical advantage that stems from the nature of the market itself. If you expect the market to reverse at a certain price level against a short-term, medium-term, or long-term trend, that reversal must logically begin with a change in structure – i.e., its break. BOS Trader then highlights the zone where you can expect a strong reaction from traders speculating on the continuation of price in the direction of the break.
Another important piece of the puzzle is the concept of liquidity. Liquidity grabs are generally considered by traders to be events that can trigger market direction changes. That's why BOS Trader is complemented with multiple ways to identify liquidity in the market from a Price Action perspective. We have explored the liquidity concept in depth in our other tools – the Liquidity Tool and Liquidity Strategy Tester – so we won’t go into too much detail on liquidity settings here.
🟪 Pivots
Liquidity can be found beyond pivot extremes – the highest candles in a series of candles. The pivot liquidity setting specifies how many candles must be before and after the pivot candle with a lower high for a pivot high or a higher low for a pivot low. A pivot high is the local highest point of the last 31 candles (15 before the pivot candle, the pivot candle itself, and 15 after). Another option is to set the time period in which the pivot extreme must occur. For example, you can differentiate between pivot highs of the Asian or London session.
🟪 % Percent Change
This setting is based on the well-known Zig Zag indicator and confirms swing highs or swing lows when there is a certain percentage change in price. This helps filter out noise that can occur when the market consolidates and randomly creates pivot highs or lows that aren’t significant.
🟪 Session High/Low
Many popular strategies are based on liquidity defined as the price range of a specific trading session. This doesn't have to be London, Asia, or New York sessions, but could be, for instance, the first hour of the New York session, and so on.
🟪 Day High/Low, Week High/Low, Month High/Low
As the name suggests, liquidity is often defined by the high/low of the previous day, week, or month. These price levels are watched by many market participants, and it's reasonable to expect reactions at these levels. That’s why we included this option in the BOS tool.
Tip for Traders
To avoid common issues with setting the correct session time, we have added the BG option to the tool – the ability to display a background for the configured trading session. This makes it easy to verify that your trading session is set correctly in relation to your time zone.
Delete grabbed liquidity
If a liquidity level is breached by price, it becomes invalid. For those who prefer to keep their charts clean and uncluttered, there is an option to delete grabbed liquidity. This way, only untraded, valid liquidity lines will be visible on the chart.
Bars after liquidity grab
A liquidity grab should be a significant event that triggers a reaction from market participants. To ensure this is a real response to liquidity rather than random market behavior, we added a time test to the BOS tool. A structural break must occur within a specified time after the liquidity grab. You can define this time in the tool as the number of bars after which the structural break is still considered valid following the liquidity grab.
🟪 AOI (Area of Interest) Settings
Initially, it's important to note that there are two main options for setting the behavior of the AOI. The first option is to fix its duration by the number of bars – Duration, and the second is to keep the AOI valid until it is traded through – Extended.
Duration
Since we expect a quick reaction to the liquidity grab, we also expect a fast pullback to the AOI and a swift response of traders. Our research has shown that the strongest reactions typically occur within a maximum of 15 bars from the formation of the AOI (fractally across timeframes). Therefore, this value is set as the default. However, we recommend considering not just the speed of the reaction but also its intensity. After the set number of bars, the AOI stops extending further.
Extended
We have noticed that price has a tendency to return to the AOI even after a longer period and react again. For this reason, we included the option in the BOS tool to extend the AOI into the future, with the ability to freely adjust the Max AOI Length.
🟪 AOI Size Mode
There are two options for setting the size of the AOI. Either it can be calculated as a percentage of the swing size (% of swing) in which the structural break occurred (the default setting is 30%), or you can set a different concept for the AOI size. For example, the well-known Optimal Trade Entry model. Custom values can be set in the FIBO Levels option, where you can define either preferred Fibonacci values or values based on your own criteria.
🟪 Trading Session (signals + alerts + visibility)
The main goal of our tools is to make it easier for traders to identify patterns and opportunities in the market and allow them to be alerted to their occurrence. The time for AOI plotting after a liquidity grab is combined into a single Trading Session function. This controls both the AOI plotting and when the tool will send alerts. All of this is aimed at helping traders avoid spending the entire day in front of their monitors, waiting for trading opportunities. Here, too, you can use the BG feature to plot a background on the chart showing the current session.
🟪 Trading within session range
We found that some traders have difficulty navigating the many AOIs plotted during times when the market consolidates and creates numerous false breakouts. Therefore, we included an option in the BOS tool to track only structural changes at the price extremes of the current day and trading session. The tool will not plot structural changes for internal liquidity grabs (within the session range), but only for external liquidity grabs (highest highs and lowest lows of the session or liquidity from previous days).
Visuals
The BOS tool is, of course, supplemented with the option to customize the appearance of all its components according to your preferences.
Asian H&L v2 [notRolee]🔥 Asian H&L Indicator:
This indicator is designed to mark the highs and lows of the Asian trading session directly on your chart, helping traders identify key price levels from this important session. The indicator automatically detects the high and low points during the Asian market hours and visually highlights these levels, making it easy to reference them throughout the trading day.
💎 How It Works:
- Asian Session Highs and Lows: The indicator captures the price action within the Asian session (from to in UTC+2) and plots horizontal lines at the highest and lowest price points recorded during that period, but you can change the time zone anytime.
- Dynamic Adjustments: As price action unfolds during the Asian session, the indicator updates the high and low points in real-time, ensuring you are always viewing the most accurate data.
- Visual Customization: The highs and lows are highlighted using distinct colors and line styles to easily distinguish them on your chart, with past session levels optionally being displayed for reference. This makes it simple to identify key zones of support and resistance derived from the Asian session’s price action.
✅ How to Use It:
- Support and Resistance: The Asian session highs and lows often serve as important support and resistance levels throughout the rest of the trading day. Traders can look for price to respect or break these levels, which can signal potential trade opportunities.
- Breakout Strategies: When the price breaks above the Asian high or falls below the Asian low, it may indicate a breakout, suggesting a continuation of the move. Traders can use these breakouts as entry points into trending markets.
- Range-Bound Trading: If the price remains between the Asian high and low, this can indicate a range-bound market. Traders might look for opportunities to trade reversals near these levels, using them as boundaries for taking profits or placing stop-losses.
- Confluence with Other Indicators: The Asian session levels can also be used alongside other indicators to provide confirmation of trade setups. For instance, you could combine this indicator with trend indicators or oscillators to improve your entry and exit points.
🔑 Conclusion:
This indicator offers a structured approach to trading around one of the most critical sessions of the global market. By marking the Asian highs and lows, it helps traders make informed decisions by leveraging key support and resistance zones that influence price action as other sessions (such as London and New York) begin.
If you have any questions about this indicator, let me know in the comment section.
-notRolee
Custom Hourly Highlight PeriodsThis Pine Script indicator for TradingView allows users to visually highlight up to five distinct periods within a trading day directly on their chart. It's designed to enhance chart analysis by emphasizing specific time frames that may coincide with increased market activity, trading sessions, or personal trading strategies.
Features:
Customizable Highlight Periods: Users can define up to five separate highlight periods, specifying both start and end hours for each. This flexibility supports a wide range of trading strategies and time zones.
Individual Period Activation: Each highlight period can be individually enabled or disabled, allowing users to focus on specific times of interest without cluttering the chart.
Color-Coded Visualization: Each period is highlighted with a different transparent color (blue, red, green, purple, and orange) for clear distinction between different segments of the trading day. Colors are customizable to fit personal preferences or chart themes.
User-Friendly Inputs: Simple input fields make it easy to adjust start/end times and toggle the visibility of each period, requiring no coding experience to customize.
Use Cases:
Identifying Repeating Patterns: Certain regional markets exhibit unique behaviors, with some creating sell pressure in the morning, while others generate buy pressure. This indicator allows for clear visualization of these patterns.
Market Session Highlights: Emphasize the opening and closing hours of major markets (e.g., NYSE, NASDAQ, Forex markets) to identify potential volatility or trading opportunities.
Personal Trading Hours: Mark the time frames when you typically trade or when your trading strategy performs best.
Economic Release Times: Highlight periods when important economic reports are released, which can significantly impact market movement.
Keylevels [KAWS]Overview
The Keylevels Indicator is designed to provide traders with a clear and structured view of important market reference points. It automatically detects and plots session highs and lows, weekly and monthly levels, as well as the previous day’s range. These levels are presented directly on the chart as dynamic lines with optional text labels, offering a consistent framework for understanding price action across multiple time horizons.
Understanding the Concepts
What are Key Levels?
Key levels are significant price points that often serve as reference markers in market activity. They represent areas where the market has previously established boundaries (highs and lows) within sessions, days, weeks, or months. Such levels can highlight where price has repeatedly reacted, providing insight into areas of potential importance.
Why Sessions Matter
Financial markets operate globally, and trading sessions (Asia, London, New York) reflect the activity of different regions. Each session produces distinct highs and lows that can serve as key markers for subsequent price behavior. By capturing these levels automatically, the indicator helps visualize how markets transition from one trading phase to another.
Higher Timeframe Levels
Weekly and monthly highs and lows, as well as the previous day’s range, provide broader structural reference points. These levels are often used to assess whether the market is respecting or breaking significant boundaries over time.
How the Indicator Works
The indicator automatically tracks and plots:
Session Levels: Highs and lows of the Asia, London, and New York sessions.
Session Open Price: A clear reference line marking the opening price of a chosen session.
Daily Levels: Previous day’s high and low, updated at the start of each new day.
Weekly Levels: High and low of the current week, with automatic reset each new week.
Monthly Levels: High and low of the current month, updated dynamically.
Each level is displayed with customizable line styles, colors, and labels. Labels can include text only or also display the exact price, depending on user preference. The indicator further supports the option to extend lines into the future, allowing for ongoing visibility of these reference points.
Customization Options
Display Control: Enable or disable specific sessions, daily, weekly, or monthly levels.
Visual Styling: Adjust line colors, thickness, and style (solid, dashed, dotted).
Labels: Choose whether to display text, include price information, and set text size.
Session Settings: Define your preferred timezone and session open times for accuracy across global markets.
Line Extension: Decide whether levels should extend into the future or stop when broken.
Important Considerations
This indicator is a technical reference tool. It does not generate buy or sell signals but instead provides structural context by highlighting where the market has established significant levels. As with any technical tool, it is most effective when integrated into a broader trading framework that includes market structure, trend analysis, and risk management.
Essa's Sessions IndicatorOverview
This powerful tool is designed to visually map out the key trading sessions: Asia, London, and New York directly on your chart. By highlighting these periods and plotting their respective highs and lows, it helps you identify critical price levels, gauge market sentiment, and pinpoint potential breakout opportunities with ease.
What It Does
Visualizes Key Trading Sessions: Automatically draws colored backgrounds for the Asia, London, and New York sessions to show you exactly when the most important market activity is happening.
Plots Session Highs & Lows: Displays precise horizontal lines for the highest and lowest prices reached during each session, acting as key support and resistance levels.
Dual Timezone Mode: Easily switch between London (GMT/BST) and New York (EST/EDT) timezones with a single click. The indicator automatically adjusts all session times for you, ensuring accuracy no matter where you are.
Interactive & Informative Labels: Hover over any session high or low label to see a detailed tooltip containing:
The exact price level.
The session's price range (calculated in pips or points).
The total daily price range for broader context.
A simple volatility gauge (from "Low Vol 😴" to "High Vol 🔥").
Customizable Alerts: Enable breakout alerts to receive instant notifications the moment the price closes above a session high or below a session low.
Simple, powerful, and highly informative, this indicator is an essential tool for traders looking to build strategies around session-based price action.
SessionPulse ORBSession Pulse ORB by Ats9 is a powerful and customizable Opening Range Breakout (ORB) indicator designed to enhance your trading session analysis with clear visual precision. It highlights major market sessions and dynamically calculates the opening range horizontal lines, helping traders easily identify breakout levels.
Features:
Multi-Session Highlighting:
Clearly visualize major trading sessions — New York, London Open, Asian, and Session Close — with customizable colors and background shading for better market context.
Dynamic Opening Range Calculation with Horizontal Lines:
Automatically plots persistent horizontal lines marking the opening range high and low for each session, based on your chosen time window (default 15 minutes). These lines extend rightwards, making breakout levels clear and easy to follow.
Precise Breakout Signals:
Detects the first breakout candle above or below the opening range, signaling potential buy and sell opportunities with customizable green and red arrows.
Customizable Arrow Sizes:
Select from tiny, small, normal, or large arrows to match your chart style.
Session Labels:
Intuitive labels indicate session starts for quick visual reference.
Session Pulse ORB by Ats9 is ideal for traders who want to capture early session momentum, clearly identify breakout points, and trade opening ranges with confidence.
X OROverview
Designed to plot hourly opening ranges (ORs) on an intraday chart. It primarily serves as a trading tool for assessing market direction and potential trading opportunities by analyzing price action relative to key OHLC (Open, High, Low, Close) levels within each hourly range.
The code provided is for each hour sessions from 2:00 AM to 3:00 PM for a complete session-based framework. In addition there is the RTH open range
Purpose
The core purpose of this indicator is to:
✅ Define each hourly range (based on the session’s opening bar) by recording the high and low of that range.
✅ Extend this range into the following bars for visual reference — serving as dynamic support and resistance zones.
✅ Monitor price action relative to each hourly OR, helping traders evaluate market direction and structure trades using concepts like:
Breakouts above/below the OR high/low.
Rejections or consolidations within the OR.
Continuation or reversal signals tied to each OR.
Key Features
The script marks the first bar of the session as the OR session start.
During this bar, it initializes:
Opening price
Session high
Session low
These levels form the initial range.
🔹 Dynamic Range Tracking
Throughout the one-minute OR session:
The highest and lowest prices are updated in real time, capturing intra-hour volatility.
A visual background box is drawn to highlight the OR range on the chart.
🔹 Range Extension
The script defines an extended session period after the initial OR (e.g., 2:00 AM-2:45 AM for the 2:00 AM session).
During this extension period:
The box persists on the chart, providing a contextual zone that traders can use as a dynamic support/resistance area.
🔹 Visual Representation
Transparent colored boxes highlight each session’s OR visually on the chart.
These boxes help traders easily identify whether price is trading:
Inside the OR
Breaking above the high (potential bullish continuation)
Breaking below the low (potential bearish continuation)
Application in Trading
🔍 Trading the Opening Range Breakout
Traders often use the OR high and low as breakout triggers. For example:
A price break above the OR high may signal bullish momentum.
A break below the OR low may signal bearish momentum.
⚖️ Support and Resistance
Even if breakouts fail, the OR can act as a pivot zone — offering areas for:
Stop placements
Target levels
Entry confirmations for fade trades or mean reversion strategies.
🕒 Session Awareness
By defining each hour’s OR individually (from 2:00 AM to 3:00 PM), traders can:
Analyze price behavior within each session.
Recognize when liquidity or volatility increases (e.g. around overlapping sessions like London open or New York open).
Summary
This Pine Script indicator provides a powerful framework for visualizing and trading hourly opening ranges. It enhances intraday analysis by:
Structuring price action within hourly boxes.
Highlighting key price levels relative to OHLC concepts.
Helping traders make more informed decisions by assessing price behavior around these critical ranges.
ICT Killzones Bias & Volume Sweeps @MaxMaserati📌 Overview
This indicator helps traders identify key ICT Killzones (Asian, London, NY AM, NY PM sessions) along with volume analysis and sweep detection. It highlights institutional order blocks, tracks session bias, and detects liquidity sweeps with volume confirmation.
Key Features:
✅ ICT Killzones (Asian, London, NY AM, NY PM)
✅ Volume Analysis (High/Low volume detection)
✅ Sweep Detection (Buyside/Sellside sweeps with volume confirmation)
✅ Session Bias (Bullish/Bearish bias based on price action)
✅ Customizable Sessions (Add personal trading hours)
✅ Institutional Order Build-up (30-min pre-session accumulation zones)
⚙️ Input Settings
1. Timezone Settings
Chart Timezone: Adjust to your local timezone (default: New York).
2. Session Toggles
Asian / London / NY AM / NY PM Sessions: Enable/disable each session.
NY Lunch Session: Optional session (disabled by default).
Personal Trading Time: Customize your trading hours.
3. Label Settings
Label Size: Tiny, Small, Normal, Large.
Session Labels: Customize text for High (H), Low (L), Mid (M) labels.
Background Transparency: Adjust session box opacity.
4. Volume Analysis
Show Volume Labels: Displays volume strength (🚀 Very High, 🔥 High, ⚖️ Normal, 💤 Low, 🐢 Very Low).
Volume Lookback Period: Adjusts volume comparison window.
High/Low Volume Thresholds: Define what constitutes high/low volume.
5. Sweep Detection
Buyside/Sellside Sweeps: Highlights liquidity sweeps.
Sweep Margin: Adjust sensitivity for sweep detection.
Fake Sweep Zones: Option to hide or highlight fakeouts.
Example of Session Sweep and Volume:
Here we have a Bullish Sweep of London Low session by NY AM
However, the volume was low suggesting buyers are not strong enough (M1)
And then the sellers took over and a pressure retest by the buyers of the level and then sellers entered with more power/pressure
6. Session Momentum & Bias
Show Session Bias: Indicates bullish/bearish bias for each session.
Bias Strength Threshold: Adjust sensitivity for bias detection.
📊 How It Works
1. Session Highs/Lows
The indicator tracks High, Low, and Mid prices for each session.
Lines and boxes are drawn to visualize the session range.
2. Volume Analysis
Compares current volume to historical average.
Displays volume strength with emojis (🚀, 🔥, ⚖️, 💤, 🐢).
Highlights high-volume sweeps for confirmation.
3. Sweep Detection
Detects buyside sweeps (liquidity above highs) and sellside sweeps (liquidity below lows).
Sweep zones expand if price lingers near the swept level.
4. 30 minute Pre-session Institutional order buildup
Highlights 30-minute pre-session zones where institutions may accumulate orders.
5. Session Bias
Calculates bias based on open/close price action within the session.
Displays Bullish, Bearish, or Neutral labels.
]
🎯 Trading Applications
1. Liquidity Sweeps
Look for sweeps with high volume as confirmation of institutional activity.
Fade fake sweeps (if enabled) when price reverses quickly.
2. Session Breakouts
Trade breakouts from Asian/London ranges during NY sessions.
Watch for volume expansion on breakouts for confirmation.
3. Pre- Session Institutional Block
Price often reacts to pre-session institutional position build-up (30-min before session opens).
LV:Low Volume, HV: High volume and MV: Medium Volume
NY AM Pre-Session institutional Order Build-up block with high sweep
🔧 Customization Tips
Adjust session times to normal future sessions to match your trading style.
Modify sweep sensitivity if too many/too few sweeps are detected.
Use volume thresholds to fine-tune high/low volume alerts.
📌 Final Notes
This indicator combines ICT concepts with volume analysis for a powerful trading edge. Use it alongside price action and market structure for best results at your own risk.
ICTProTools | ICT Insight - Time & Price Zones🚀 INTRODUCTION
The Time and Price Zones indicator builds upon the foundational concepts of ICT (Inner Circle Trader) and Smart Money Concepts (SMC). These methodologies analyze the behavior of institutional traders (known as "smart money") by focusing on liquidity, key price levels, and market timing.
Liquidity refers to areas with high concentrations of pending orders (stops, take-profits, entries) in the market. Large institutions efficiently need to execute their massive orders without causing excessive slippage. To achieve this, they strategically create and exploit liquidity pools by driving the price toward areas where retail traders cluster their positions.
Then, through "liquidity grabs" or "stop hunts,” institutions accumulate or distribute positions at optimal prices . This strategy allows them to fill large orders with minimal market impact, typically clearing out retail traders' positions before the price reverses.
This indicator helps traders apply these principles by merging time-based and price-based analysis tools for better market understanding. By combining high-impact sessions like Kill Zones with pivotal price markers such as Previous Highs and Lows, traders can see where institutional activity intersects with liquidity pools, improving their decision-making.
This powerful combination allows users to monitor market dynamics in real time, helping them spot sentiment shifts and identify crucial turning points more effectively.
💎 FEATURES
Kill Zones
Kill Zones are critical periods of the trading day characterized by heightened institutional activity, resulting in increased liquidity and significant price movements. By recognizing these zones, you can strategically focus your efforts on the most advantageous moments for trading.
The Asian Session , which runs from 5 PM to 1 AM New York time, serves as an essential liquidity provider before the onset of more volatile trading periods. This session is intricately linked to the Smart Money Tool (SMT - See below), as the highs and lows established during this period provide foundational liquidity levels. You can set alerts when these levels are breached , allowing you to stay informed without constant chart monitoring and make timely trading decisions.
Transitioning into the London Kill Zone from 2 to 5 AM New York time marks the beginning of the European session, often associated with increased volatility. Following this, the New York Kill Zone , occurring from 7 to 10 AM , sees significant overlap between the London and New York sessions, where liquidity flows intensify and frequently correlate with notable price reversals. Finally, the London Close from 10 to 12 PM signifies the end of the European session, often ending the day with a retracement in the daily range.
Thanks to the timezone you can select relative to a region, Kill Zones will automatically adapt to time changes throughout the year and between different brokers , ensuring accurate Kill Zone timings without manual adjustments.
Incorporating our advanced Kill Zones indicator into your trading strategy gives you unparalleled insights and enhanced functionality. With integrated alerts for breaches of key levels, you can stay informed and ready to act without the need for constant chart monitoring, allowing you to focus on executing your trading strategies effectively.
We can see on this chart the identified Kill Zones during the trading day on EURUSD , including the Asian Session in gray, which tends to consolidate slightly (creating liquidity), the London Kill Zone in orange, which tends to move fast, often taking Asian quickly, the New York Kill Zone in green, with always a lot of movements, and the London Close in blue, seeming rather to retrace.
The midline indicates the 50% mark of the session, serving as a reference point for potential price reactions. Additionally, the highs and lows established during the Asian Session are linked to the Smart Money Tool (SMT) and can trigger alerts when breached. Here, you could have received an alert when Asian Low (marked AL) and Asian High (marked AH) were swept.
Previous & Open Levels
Previous and Open levels are key elements in ICT methodology, showing important price points from major timeframes (Daily, Weekly, Monthly). These levels (Previous High, Low, Open, and their separators) help traders understand price dynamics and anticipate market shifts.
The Previous levels connect directly to the Smart Money Tool (SMT - See below) as they provide foundational liquidity levels. In ICT methodology, previous are levels where many traders place their Stop Loss, thus creating liquidity. This helps you understand potential market reactions and whether prices will likely continue their trend or reverse.
You’ll be instantly notified whenever the price interacts with any of these Previous levels. This means you can stay informed about critical market movements without the need to monitor your charts constantly.
The indicator also displays Opening prices and includes separators for daily, weekly, and monthly levels, offering a clear market overview.
Open levels can act as simplified indicators of Premium and Discount Zones. To be above the opening price can be considered as the Premium Zone , where the market offers higher prices, typically suitable for selling opportunities. Conversely, to be below this price can be considered as the Discount Zone , where prices are relatively lower, offering potential buying opportunities.
These visual elements help you identify crucial market zones that reflect both past price action and current market dynamics.
Our indicator offers you the exclusive ability to integrate the True Day Range, as described by ICT. Based on institutional logic, this concept defines the trading day starting at 00:00 New York time. You can adapt this flexible feature to match your trading style and analysis needs.
By incorporating our advanced Previous levels indicator into your trading arsenal, you gain powerful insights and enhanced functionality.
The chart above displays key Previous and open levels on EURUSD , including the Month, Week, and Day lines, along with separators for enhanced clarity. All levels are based on the True Day Range Mode. The notes indicate significant price points, highlighting how the price interacts with these important levels, which helps us to understand it…
We can start with the biggest liquidity, the Previous Month. In this example, we can see the PMH, and the price seems to have used this level as a reversal point. The PM levels are indeed significant liquidity zones. We can observe the creation of wicks that interact with this level, signaling a liquidity grab.
Following this, the price drops quickly before rebounding, creating a liquidity range, that will probably be liquidated then… This is why it rises again to form what is now the PDH (Previous Day High), using it as liquidity (inducement) while using the PWH (Previous Week High) as a rebound level. The PWH is indeed a High Resistance (HR) area since there is only a few liquidity at this point thanks to the liquidity grab. The price has no reason to move higher.
Looking ahead, we can forecast that the price may continue its decline, potentially targeting lower liquidity levels. There is likely additional liquidity beneath the current range, particularly near the PDL (Previous Day Low) and PWL (Previous Week Low).
Additionally, we can note that at this point, the price was above the D.O.P (Daily Open) and W.O.P (Weekly Open), areas where selling would be more favorable. The price reacts significantly around these levels, creating large wicks, demonstrating their importance.
SMT Dashboard (Smart Money Tool)
The Smart Money Tool (SMT) is a powerful concept within the ICT methodology that enables you to compare various assets based on liquidity uptake from significant price levels.
By utilizing the SMT, you can analyze any asset , whether it’s a currency pair, stock, cryptocurrency, or other financial instruments. The dashboard helps you identify the strongest and weakest assets by analyzing their interactions with critical liquidity levels and identifying divergences , including those related to the Previous Month, Previous Week, Previous Day, and Asian Session Highs and Lows. By doing so, he identifies the most bullish symbol. It will therefore tend to rise more easily, or at least fall less, than the other one.
The SMT includes alert functionality that notifies you whenever a new SMT is created or has changed , allowing you to stay informed about which asset is currently the strongest. This means you can react promptly to market changes without constantly monitoring your charts.
Additionally, since the SMT relies on the Previous levels, it is influenced by the selected mode, whether based on traditional Previous levels or the True Day Range . This flexibility ensures that you are using the most relevant information available for your trading decisions. Asian High and Asian Low levels are also calculated according to the schedules configured in the Kill Zones section.
In summary, the Smart Money Tool displays the strongest and weakest assets based on liquidity uptake, providing you with clear information on which asset to prioritize, so you can maximize your potential profits. By incorporating this concept into your approach, you align your decisions with prevailing market dynamics, offering you unparalleled insights and features tailored to enhance your trading strategy.
This chart displays the Smart Money Tool (SMT) dashboard on the GBPUSD symbol, which compares the liquidity uptake for EURUSD and GBPUSD pairs. The indicator shows that both Previous Month's and Week's High and Low were taken for both pairs. However, the Asian High (AH) has been breached on GBPUSD but not on EURUSD, while the Asian Low (AL) has been taken by EURUSD. As a result, GBPUSD is identified as the stronger asset, indicating that traders should focus on buying opportunities with GBPUSD rather than EURUSD. This analysis helps traders prioritize the best symbol for their strategies based on the most relevant liquidity divergences.
✨ SETTINGS
Kill Zones: Customize the display options for the Asian (with lines), London, New York, and London Close Kill Zones. Configure timezone options, midlines, and color preferences.
Previous & Open Levels: Adjust how Previous High/Low levels, Open and separators are displayed. Select between Classic or True Day Range Mode based on your trading preferences.
SMT: Choose the correlated assets for the SMT comparison and select which liquidity (Monthly, Weekly, Daily, Asian) to use and display. Configure settings like liquidity sweeps and strongest pair emojis.
Alerts: Configure alerts for key events such as the Asian High/Low or Previous Levels liquidity sweep, and SMT divergences.
🎯 CONCLUSION
The Time and Price Zones indicator offers a practical and insightful approach to market analysis by combining major principles of ICT and Smart Money Concepts into a cohesive tool. It empowers traders to understand key price levels, liquidity dynamics, and institutional activity with ease. By helping traders avoid being the liquidity of the market and instead align with institutional flows, the indicator can significantly enhance performances. While its features provide a valuable edge, it’s essential to remember that none should be used on its own and many more factors go into being a profitable trader.
Trading Sessions with Highs and LowsTrading Sessions with Highs and Lows is designed to visually highlight specific trading sessions on the chart, providing traders with key insights into market behavior during these time periods. Here’s a detailed explanation of how the indicator works:
Key Features
1. Session Boxes:
• The indicator plots colored boxes on the chart to represent the price range of defined trading sessions.
• Each box spans the session’s start and end times and encapsulates the high and low prices during that period.
• Two trading sessions are defined by default:
• USA Trading Session: 9:30 AM - 4:00 PM (New York Time).
• UK Trading Session: 8:00 AM - 4:30 PM (London Time).
2. Session Labels:
• The name of the session (e.g., “USA” or “UK”) is displayed above the session box for clear identification.
3. High and Low Markers:
• Markers are added to the chart at the session’s high and low points:
• High Marker: A green label indicating the session high.
• Low Marker: A red label indicating the session low.
4. Dynamic Reset:
• After the session ends, the session high and low values are reset to na to prepare for the next trading day.
5. Customizable Background Colors:
• Each session’s box has a distinct, semi-transparent background color for better visual separation.
How It Works
1. Core Functionality:
• A function, plot_box, takes the session name, start time, end time, and background color as input.
• It calculates whether the current time is within the session.
• During the session:
• It tracks the session’s highest and lowest prices.
• It identifies the bars where the high and low occurred.
• At the session’s end:
• It plots a box on the chart covering the session’s time and price range.
• Labels are created for the session name and its high/low points.
2. Session Timing:
• Timestamps for the USA and UK trading sessions are calculated using the timestamp function with respective time zones.
3. Visual Elements:
• The box.new function draws the session boxes on the chart.
• The label.new function creates session name and high/low labels.
Usage
• Overlay Mode: The indicator is applied directly on the price chart (overlay=true), making it easy to visualize session-specific price behavior.
• Trading Strategy:
• Identify session-specific support and resistance levels.
• Observe price action trends during key trading periods.
• Align trading decisions with session dynamics.
Customization
While the indicator is preset for the USA and UK trading sessions, it can be easily modified:
1. Add/Remove Sessions: Define additional sessions by providing their start and end times.
2. Change Colors: Update the background_color in the plot_box calls to use different colors for sessions.
3. Adjust Time Zones: Replace the current time zones with others relevant to your trading style.
Visualization Example
• USA Session:
• Time: 9:30 AM - 4:00 PM (New York Time).
• Box Color: Semi-transparent orange.
• UK Session:
• Time: 8:00 AM - 4:30 PM (London Time).
• Box Color: Semi-transparent green.
Why Use This Indicator?
1. Market Awareness: Easily spot price behavior during high-liquidity trading periods.
2. Trend Analysis: Analyze how sessions overlap or affect each other.
3. Session Boundaries: Use session high/low levels as dynamic support and resistance zones.
This indicator is an essential tool for intraday and swing traders who want to align their strategies with key market timings.
GibbsFunctional Categories
Time Management
Timezone Settings: Configurable to adjust for different global time zones (e.g., GMT, GMT+1).
Daily and Weekly Resets: Functions to detect new days and weeks, used to mark specific periods on the chart.
Session Range Calculation: Ability to determine timeframes in minutes, hours, days, weeks, and months for precise market analysis.
Day and Week Separators
Daily Separators: Option to display daily separators that demarcate different trading days on the chart.
Weekends Highlight: Automatically grays out weekends for easy visual distinction.
Trading Sessions
Custom Sessions: Display trading sessions, such as:
Kill Zones: Morning and afternoon trading zones with customizable time ranges and background highlights.
Asian Session: Highlights the Asian market hours with liquidity data.
Session Background: Customizable colors for different sessions to visually separate them on the chart.
Liquidity Management
High and Low Points: Tracks previous day and week high/low prices, marking them for reference.
Labeling: Uses labels and lines to indicate if significant liquidity levels have been breached.
Session Liquidity: Identifies areas where liquidity is likely to accumulate, marking high and low ranges for Asian, CBDR, and other sessions.
Session-Specific Features
CBDR (Central Bank Dealers Range): Marks specific ranges based on sessions relevant for market analysis.
Range Projections: Projects key levels based on the size of the CBDR range for additional price targets.
Previous Day CBDR: Option to display CBDR from the previous day, aiding in historical price movement analysis.
Header and Display Customization
Header Text: Customizable text for the indicator's header to provide a quick reference.
Table Management: Simple table for organizing and displaying important textual information.
This indicator is ideal for traders who focus on session-based strategies and wish to have comprehensive visibility of previous liquidity points, trading zones, and day/week high and low levels on their charts.
ICT Master Suite [Trading IQ]Hello Traders!
We’re excited to introduce the ICT Master Suite by TradingIQ, a new tool designed to bring together several ICT concepts and strategies in one place.
The Purpose Behind the ICT Master Suite
There are a few challenges traders often face when using ICT-related indicators:
Many available indicators focus on one or two ICT methods, which can limit traders who apply a broader range of ICT related techniques on their charts.
There aren't many indicators for ICT strategy models, and we couldn't find ICT indicators that allow for testing the strategy models and setting alerts.
Many ICT related concepts exist in the public domain as indicators, not strategies! This makes it difficult to verify that the ICT concept has some utility in the market you're trading and if it's worth trading - it's difficult to know if it's working!
Some users might not have enough chart space to apply numerous ICT related indicators, which can be restrictive for those wanting to use multiple ICT techniques simultaneously.
The ICT Master Suite is designed to offer a comprehensive option for traders who want to apply a variety of ICT methods. By combining several ICT techniques and strategy models into one indicator, it helps users maximize their chart space while accessing multiple tools in a single slot.
Additionally, the ICT Master Suite was developed as a strategy . This means users can backtest various ICT strategy models - including deep backtesting. A primary goal of this indicator is to let traders decide for themselves what markets to trade ICT concepts in and give them the capability to figure out if the strategy models are worth trading!
What Makes the ICT Master Suite Different
There are many ICT-related indicators available on TradingView, each offering valuable insights. What the ICT Master Suite aims to do is bring together a wider selection of these techniques into one tool. This includes both key ICT methods and strategy models, allowing traders to test and activate strategies all within one indicator.
Features
The ICT Master Suite offers:
Multiple ICT strategy models, including the 2022 Strategy Model and Unicorn Model, which can be built, tested, and used for live trading.
Calculation and display of key price areas like Breaker Blocks, Rejection Blocks, Order Blocks, Fair Value Gaps, Equal Levels, and more.
The ability to set alerts based on these ICT strategies and key price areas.
A comprehensive, yet practical, all-inclusive ICT indicator for traders.
Customizable Timeframe - Calculate ICT concepts on off-chart timeframes
Unicorn Strategy Model
2022 Strategy Model
Liquidity Raid Strategy Model
OTE (Optimal Trade Entry) Strategy Model
Silver Bullet Strategy Model
Order blocks
Breaker blocks
Rejection blocks
FVG
Strong highs and lows
Displacements
Liquidity sweeps
Power of 3
ICT Macros
HTF previous bar high and low
Break of Structure indications
Market Structure Shift indications
Equal highs and lows
Swings highs and swing lows
Fibonacci TPs and SLs
Swing level TPs and SLs
Previous day high and low TPs and SLs
And much more! An ongoing project!
How To Use
Many traders will already be familiar with the ICT related concepts listed above, and will find using the ICT Master Suite quite intuitive!
Despite this, let's go over the features of the tool in-depth and how to use the tool!
The image above shows the ICT Master Suite with almost all techniques activated.
ICT 2022 Strategy Model
The ICT Master suite provides the ability to test, set alerts for, and live trade the ICT 2022 Strategy Model.
The image above shows an example of a long position being entered following a complete setup for the 2022 ICT model.
A liquidity sweep occurs prior to an upside breakout. During the upside breakout the model looks for the FVG that is nearest 50% of the setup range. A limit order is placed at this FVG for entry.
The target entry percentage for the range is customizable in the settings. For instance, you can select to enter at an FVG nearest 33% of the range, 20%, 66%, etc.
The profit target for the model generally uses the highest high of the range (100%) for longs and the lowest low of the range (100%) for shorts. Stop losses are generally set at 0% of the range.
The image above shows the short model in action!
Whether you decide to follow the 2022 model diligently or not, you can still set alerts when the entry condition is met.
ICT Unicorn Model
The image above shows an example of a long position being entered following a complete setup for the ICT Unicorn model.
A lower swing low followed by a higher swing high precedes the overlap of an FVG and breaker block formed during the sequence.
During the upside breakout the model looks for an FVG and breaker block that formed during the sequence and overlap each other. A limit order is placed at the nearest overlap point to current price.
The profit target for this example trade is set at the swing high and the stop loss at the swing low. However, both the profit target and stop loss for this model are configurable in the settings.
For Longs, the selectable profit targets are:
Swing High
Fib -0.5
Fib -1
Fib -2
For Longs, the selectable stop losses are:
Swing Low
Bottom of FVG or breaker block
The image above shows the short version of the Unicorn Model in action!
For Shorts, the selectable profit targets are:
Swing Low
Fib -0.5
Fib -1
Fib -2
For Shorts, the selectable stop losses are:
Swing High
Top of FVG or breaker block
The image above shows the profit target and stop loss options in the settings for the Unicorn Model.
Optimal Trade Entry (OTE) Model
The image above shows an example of a long position being entered following a complete setup for the OTE model.
Price retraces either 0.62, 0.705, or 0.79 of an upside move and a trade is entered.
The profit target for this example trade is set at the -0.5 fib level. This is also adjustable in the settings.
For Longs, the selectable profit targets are:
Swing High
Fib -0.5
Fib -1
Fib -2
The image above shows the short version of the OTE Model in action!
For Shorts, the selectable profit targets are:
Swing Low
Fib -0.5
Fib -1
Fib -2
Liquidity Raid Model
The image above shows an example of a long position being entered following a complete setup for the Liquidity Raid Modell.
The user must define the session in the settings (for this example it is 13:30-16:00 NY time).
During the session, the indicator will calculate the session high and session low. Following a “raid” of either the session high or session low (after the session has completed) the script will look for an entry at a recently formed breaker block.
If the session high is raided the script will look for short entries at a bearish breaker block. If the session low is raided the script will look for long entries at a bullish breaker block.
For Longs, the profit target options are:
Swing high
User inputted Lib level
For Longs, the stop loss options are:
Swing low
User inputted Lib level
Breaker block bottom
The image above shows the short version of the Liquidity Raid Model in action!
For Shorts, the profit target options are:
Swing Low
User inputted Lib level
For Shorts, the stop loss options are:
Swing High
User inputted Lib level
Breaker block top
Silver Bullet Model
The image above shows an example of a long position being entered following a complete setup for the Silver Bullet Modell.
During the session, the indicator will determine the higher timeframe bias. If the higher timeframe bias is bullish the strategy will look to enter long at an FVG that forms during the session. If the higher timeframe bias is bearish the indicator will look to enter short at an FVG that forms during the session.
For Longs, the profit target options are:
Nearest Swing High Above Entry
Previous Day High
For Longs, the stop loss options are:
Nearest Swing Low
Previous Day Low
The image above shows the short version of the Silver Bullet Model in action!
For Shorts, the profit target options are:
Nearest Swing Low Below Entry
Previous Day Low
For Shorts, the stop loss options are:
Nearest Swing High
Previous Day High
Order blocks
The image above shows indicator identifying and labeling order blocks.
The color of the order blocks, and how many should be shown, are configurable in the settings!
Breaker Blocks
The image above shows indicator identifying and labeling order blocks.
The color of the breaker blocks, and how many should be shown, are configurable in the settings!
Rejection Blocks
The image above shows indicator identifying and labeling rejection blocks.
The color of the rejection blocks, and how many should be shown, are configurable in the settings!
Fair Value Gaps
The image above shows indicator identifying and labeling fair value gaps.
The color of the fair value gaps, and how many should be shown, are configurable in the settings!
Additionally, you can select to only show fair values gaps that form after a liquidity sweep. Doing so reduces "noisy" FVGs and focuses on identifying FVGs that form after a significant trading event.
The image above shows the feature enabled. A fair value gap that occurred after a liquidity sweep is shown.
Market Structure
The image above shows the ICT Master Suite calculating market structure shots and break of structures!
The color of MSS and BoS, and whether they should be displayed, are configurable in the settings.
Displacements
The images above show indicator identifying and labeling displacements.
The color of the displacements, and how many should be shown, are configurable in the settings!
Equal Price Points
The image above shows the indicator identifying and labeling equal highs and equal lows.
The color of the equal levels, and how many should be shown, are configurable in the settings!
Previous Custom TF High/Low
The image above shows the ICT Master Suite calculating the high and low price for a user-defined timeframe. In this case the previous day’s high and low are calculated.
To illustrate the customizable timeframe function, the image above shows the indicator calculating the previous 4 hour high and low.
Liquidity Sweeps
The image above shows the indicator identifying a liquidity sweep prior to an upside breakout.
The image above shows the indicator identifying a liquidity sweep prior to a downside breakout.
The color and aggressiveness of liquidity sweep identification are adjustable in the settings!
Power Of Three
The image above shows the indicator calculating Po3 for two user-defined higher timeframes!
Macros
The image above shows the ICT Master Suite identifying the ICT macros!
ICT Macros are only displayable on the 5 minute timeframe or less.
Strategy Performance Table
In addition to a full-fledged TradingView backtest for any of the ICT strategy models the indicator offers, a quick-and-easy strategy table exists for the indicator!
The image above shows the strategy performance table in action.
Keep in mind that, because the ICT Master Suite is a strategy script, you can perform fully automatic backtests, deep backtests, easily add commission and portfolio balance and look at pertinent metrics for the ICT strategies you are testing!
Lite Mode
Traders who want the cleanest chart possible can toggle on “Lite Mode”!
In Lite Mode, any neon or “glow” like effects are removed and key levels are marked as strict border boxes. You can also select to remove box borders if that’s what you prefer!
Settings Used For Backtest
For the displayed backtest, a starting balance of $1000 USD was used. A commission of 0.02%, slippage of 2 ticks, a verify price for limit orders of 2 ticks, and 5% of capital investment per order.
A commission of 0.02% was used due to the backtested asset being a perpetual future contract for a crypto currency. The highest commission (lowest-tier VIP) for maker orders on many exchanges is 0.02%. All entered positions take place as maker orders and so do profit target exits. Stop orders exist as stop-market orders.
A slippage of 2 ticks was used to simulate more realistic stop-market orders. A verify limit order settings of 2 ticks was also used. Even though BTCUSDT.P on Binance is liquid, we just want the backtest to be on the safe side. Additionally, the backtest traded 100+ trades over the period. The higher the sample size the better; however, this example test can serve as a starting point for traders interested in ICT concepts.
Community Assistance And Feedback
Given the complexity and idiosyncratic applications of ICT concepts amongst its proponents, the ICT Master Suite’s built-in strategies and level identification methods might not align with everyone's interpretation.
That said, the best we can do is precisely define ICT strategy rules and concepts to a repeatable process, test, and apply them! Whether or not an ICT strategy is trading precisely how you would trade it, seeing the model in action, taking trades, and with performance statistics is immensely helpful in assessing predictive utility.
If you think we missed something, you notice a bug, have an idea for strategy model improvement, please let us know! The ICT Master Suite is an ongoing project that will, ideally, be shaped by the community.
A big thank you to the @PineCoders for their Time Library!
Thank you!
AMDX/XAMD indicatorThe AMDX/XAMD indicator is designed to highlight specific trading sessions on the chart using distinct colors and optional vertical lines. Users can choose between two session types, AMDX or XAMD, and customize the visual appearance of the sessions. This tool is particularly useful for traders who want to analyze market behavior during different trading periods.
Meaning of AMDX:
A: Accumulation
M: Manipulation
D: Distribution
X: Continuation Or Reversal
Features:
Session Highlighting:
AMDX Sessions: Split into four segments - A, M, D, X.
XAMD Sessions: Split into four segments - X, A, M, D.
Customizable Colors:
Choose individual colors for each session (A, M, D, X).
Adjust the transparency of the session boxes for better visual integration with the chart.
Drawing Styles:
Box Style: Draws colored boxes around the session ranges.
Line Style: Draws vertical lines at session start and end times.
Vertical Lines:
Option to enable or disable vertical lines at session boundaries.
Customizable line style: Solid, Dotted, or Dashed.
Session Labels:
Automatically labels each session for easy identification.
Customization Options:
Session Type: Select between AMDX and XAMD session types.
Colors: Set custom colors for each session and vertical lines.
Border Width: Adjust the width of the session box borders.
Transparency: Control the transparency level of the session boxes.
Drawing Style: Choose between Box and Line styles for session representation.
Vertical Lines: Enable or disable vertical lines and select the line style.
How It Works:
The indicator calculates the start and end times for each session based on the selected session type (AMDX or XAMD). It then draws either boxes or lines to highlight these sessions on the chart. The indicator also includes options to draw vertical lines at the session boundaries and labels each session with a corresponding letter (A, M, D, X).
Use Cases:
Market Session Analysis: Easily identify and analyze market behavior during different trading sessions.
Intraday Trading: Helps intraday traders to focus on specific time segments of the trading day.
Visual Segmentation: Provides a clear visual segmentation of the trading day, aiding in better decision-making.
Times for AMDX/XAMD session:
A Session: 18:00 (previous day) to 03:00 (current day)
M Session: 03:00 to 09:00
D Session: 09:00 to 12:00
X Session: 12:00 to 18:00
Time for the XAMD session :
X Session: 18:00 (previous day) to 00:00 (current day)
A Session: 00:00 to 09:00
M Session: 09:00 to 12:00
D Session: 12:00 to 18:00
Session candles & reversals / quantifytools— Overview
Like traditional candles, session based candles are a visualization of open, high, low and close values, but based on session time periods instead of typical timeframes such as daily or weekly. Session candles are formed by fetching price at session start (open), highest price during session (high), lowest price during session (low) and price at session end (close). On top of candles, session based moving average is formed and session reversals detected. Session reversals are also backtested, using win rate and magnitude metrics to better understand what to expect from session reversals and which ones have historically performed the best.
By default, following session time periods are used:
Session #1: London (08:00 - 17:00, UTC)
Session #2: New York (13:00 - 22:00, UTC)
Session #3: Sydney (21:00 - 06:00, UTC)
Session #4: Tokyo (00:00 - 09:00, UTC)
Session time periods can be changed via input menu.
— Reversals
Session reversals are patterns that show a rapid change in direction during session. These formations are more familiarly known as wicks or engulfing candles. Following criteria must be met to qualify as a session reversal:
Wick up:
Lower high, lower low, close >= 65% of session range (0% being the very low, 100% being the very high) and open >= 40% of session range.
Wick down:
Higher high, higher low, close <= 35% of session range and open <= 60% of session range.
Engulfing up:
Higher high, lower low, close >= 65% of session range.
Engulfing down:
Higher high, lower low, close <= 35% of session range.
Session reversals are always based on prior corresponding session , e.g. to qualify as a NY session engulfing up, NY session must have a higher high and lower low relative to prior NY session , not just any session that has taken place in between. Session reversals should be viewed the same way wicks/engulfing formations are viewed on traditional timeframe based candles. Essentially, wick reversals (light green/red labels) tell you most of the motion during session was reversed. Engulfing reversals (dark green/red labels) on the other hand tell you all of the motion was reversed and new direction set.
— Backtesting
Session reversals are backtested using win rate and magnitude metrics. A session reversal is considered successful when next corresponding session closes higher/lower than session reversal close . Win rate is formed by dividing successful session reversal count with total reversal count, e.g. 5 successful reversals up / 10 reversals up total = 50% win rate. Win rate tells us what are the odds (historically) of session reversal producing a clean supporting move that was persistent enough to close that way too.
When a session reversal is successful, its magnitude is measured using percentage increase/decrease from session reversal close to next corresponding session high/low . If NY session closes higher than prior NY session that was a reversal up, the percentage increase from prior session close (reversal close) to current session high is measured. If NY session closes lower than prior NY session that was a reversal down, the percentage decrease from prior session close to current session low is measured.
Average magnitude is formed by dividing all percentage increases/decreases with total reversal count, e.g. 10 total reversals up with 1% increase each -> 10% net increase from all reversals -> 10% total increase / 10 total reversals up = 1% average magnitude. Magnitude metric supports win rate by indicating the depth of successful session reversal moves.
To better understand the backtesting calculations and more importantly to verify their validity, backtesting visuals for each session can be plotted on the chart:
All backtesting results are shown in the backtesting panel on top right corner, with highest win rates and magnitude metrics for both reversals up and down marked separately. Note that past performance is not a guarantee of future performance and session reversals as they are should not be viewed as a complete strategy for long/short plays. Always make sure reversal count is sufficient to draw reliable conclusions of performance.
— Session moving average
Users can form a session based moving average with their preferred smoothing method (SMA , EMA , HMA , WMA , RMA) and length, as well as choose which sessions to include in the moving average. For example, a moving average based on New York and Tokyo sessions can be formed, leaving London and Sydney completely out of the calculation.
— Visuals
By default, script hides your candles/bars, although in the case of candles borders will still be visible. Switching to bars/line will make your regular chart visuals 100% hidden. This setting can be turned off via input menu. As some sessions overlap, each session candle can be separately offsetted forward, clearing the overlaps. Users can also choose which session candles to show/hide.
Session periods can be highlighted on the chart as a background color, applicable to only session candles that are activated. By default, session reversals are referred to as L (London), N (New York), S (Sydney) and T (Tokyo) in both reversal labels and backtesting table. By toggling on "Numerize sessions", these will be replaced with 1, 2, 3 and 4. This will be helpful when using a custom session that isn't any of the above.
Visual settings example:
Session candles are plotted in two formats, using boxes and lines as well as plotcandle() function. Session candles constructed using boxes and lines will be clear and much easier on the eyes, but will apply only to first 500 bars due to Tradingview related limitations. Rest of the session candles go back indefinitely, but won't be as clean:
All colors can be customized via input menu.
— Timeframe & session time period considerations
As a rule of thumb, session candles should be used on timeframes at or below 1H, as higher timeframes might not match with session period start/end, leading to incorrect plots. Using 1 hour timeframe will bring optimal results as greatest amount historical data is available without sacrificing accuracy of OHLC values. If you are using a custom session that is not based on hourly period (e.g. 08:00 - 15:00 vs. 08.00 - 15.15) make sure you are using a timeframe that allows correct plots.
Session time periods applied by default are rough estimates and might be out of bounds on some charts, like NYSE listed equities. This is rarely a problem on assets that have extensive trading hours, like futures or cryptocurrency. If a session is out of bounds (asset isn't traded during the set session time period) the script won't plot given session candle and its backtesting metrics will be NA. This can be fixed by changing the session time periods to match with given asset trading hours, although you will have to consider whether or not this defeats the purpose of having candles based on sessions.
— Practical guide
Whether based on traditional timeframes or sessions, reversals should always be considered as only one piece of evidence of price turning. Never react to them without considering other factors that might support the thesis, such as levels and multi-timeframe analysis. In short, same basic charting principles apply with session candles that apply with normal candles. Use discretion.
Example #1 : Focusing efforts on session reversals at distinct support/resistance levels
A reversal against a level holds more value than a reversal by itself, as you know it's a placement where liquidity can be expected. A reversal serves as a confirming reaction for this expectation.
Example #2 : Focusing efforts on highest performing reversals and avoiding poorly performing ones
As you have data backed evidence of session reversal performance, it makes sense to focus your efforts on the ones that perform best. If some session reversal is clearly performing poorly, you would want to avoid it, since there's nothing backing up its validity.
Example #3 : Reversal clusters
Two is better than one, three is better than two and so on. If there are rapid changes in direction within multiple sessions consecutively, there's heavier evidence of a dynamic shift in price. In such case, it makes sense to hold more confidence in price halting/turning.
Session Levels - Ultimate Range IndicatorSession Levels - Ultimate Range Indicator
Primarily developed for trading the E-MINI Futures Markets like NQ or ES from the CME Group,
but also more than suitable for Crypto or other instruments.
This indicator highlights the chosen session, which can be Globex, Asian, London and New York.
It plots the important levels and also renders the Opening Range as it forms (a.k.a. Initial Balance).
After the 1st hour Opening Range is finished, it can plot the Standard Deviations / Projections.
See below for a complete feature list.
All Opening Ranges on chart and for the New York session the Range Projections are turned on:
s3.tradingview.com
How to use (example):
If you are trading the Nasdaq Futures (NQ!)
Enable the Globex Overnight session. Basically in the Futures Market, the Globex session is everything outside of US trading hours of Stocks. This draws the important overnight levels, like the Low, 25%, 50%, 75% and the High.
Enable the New York Session with Levels and Opening Range. Generally, 70% of the time the 1st hour will put a Low or High of the day.
If the price is trading above the Globex Low, most likely the Low of the Day is formed and the price target for the day will be 1.5x Standard Deviation and 2x Standard Deviation.
[*} Deviation of the Initial Balance depends on the volume ad overall market structure.
** This is not financial advice or any guarantee **
Features:
Show each Session Highlighted on Intraday chart in it's own color (each session can be turned off and has customizable times and color)
Show Line Levels of each session: Low, 25%, 50%, 75% and the High (customizable color)
Show the Opening Range (Initial Balance) of the Asian, London and New York session. Note: NY has more options.
Opening Range is displayed as a box with level lines (customizable color)
Levels are drawn to the end of the NY Cash session (customizable time)
Show IB Standard Deviations 0.5 - 3.0. Calculated from the Opening Range (Initial Balance)
Option to display Higher Timeframe levels: Previous Day Open/Close and Previous Week Open/Close
All level lines and OR boxes size dynamically as the session progresses
Built in Alerts for when price hits key levels. e.g. Alert when price crosses the NY Opening Range High. Or an Alert when the first STDEV is hit.
Option to toggle display of drawings for Today's trading session only, or Show all recent session levels. This keeps the chart clean or not.
Extras:
The NY Opening Range also has a 50% level line
The NY Opening Bar can be highlighted separately
The Level Lines can have small labels turned on/off. Values are only shown on mouse over to keep a clean chart
Keep in mind:
1) This indicator works on all instruments, but on instruments with limited market hours, your chart setting
has to be set to "Extended Hours" otherwise. For example TSLA on NASDAQ.
2) The Exchange Time Zone for the CME Group is Chicago UTC-6. So the session times you configure in the settings menu are based on that timezone too.
3) Globex opens at 5pm CST and closes when the US session starts 8:30CST.
4) When enabling the Alerts in the Indicator settings, be sure to also create an alarm for this indicator using the Alarm function of Tradingview.
Forex Currency Strength What this indicator does
It compares the relative strength of the 8 major currencies (USD, EUR, GBP, JPY, AUD, CAD, NZD, CHF) by looking at all 28 currency pairs. Each currency is smoothed (averaged) with a moving average to reduce noise.
From this it shows:
• Currency strength lines → how each major currency is performing over time (optional view).
• Pair divergence histogram → the difference in strength between the two currencies of the chart pair (e.g. EUR vs USD on an EURUSD chart). Green means the base currency is stronger, red means the quote currency is stronger.
• Ranking table → shows the strongest to weakest currency at the current moment. The strongest is highlighted green, the weakest red.
• Session highlighting → shows your chosen trading session on the chart (background shading, optional vertical line at the session start).
• Alerts → you can set TradingView alerts when:
• the pair divergence crosses above or below zero
• the divergence strength gets big enough (above your threshold)
• the difference between the strongest and weakest currency becomes large
⸻
👉 In plain words:
This indicator helps you quickly see which currencies are strong, which are weak, and whether the pair you are trading has a clear directional bias. It also highlights trading sessions and can notify you when strong moves or imbalances appear.
// ─────────────────────────────────────────────────────────────
// Forex Currency Strength (8 Majors, %R) + Divergence + Ranking
// ─────────────────────────────────────────────────────────────
//
// === Inputs ===
//
// exchPrefix → Broker/feed prefix (e.g. "OANDA:", "FX:", or "" for ICMarkets)
// tf → Data timeframe (empty = chart timeframe)
// smoothLen → Smoothing length (MA) for currency strength (default = 14)
// smoothMethod → MA method (SMA, EMA, WMA, DEMA)
// viewMode → Display mode: "Strength Lines", "Pair Divergence", "Both"
// (Tip: set to "Pair Divergence" to hide lines by default)
// barsLimit → Number of bars to display
//
// sessionStr → Trading session time (e.g. "0800-1700"); session is highlighted on chart
//
// alertDivAbs → Threshold for alerts on |divergence|
// alertGapTF → Threshold for alerts on Top–Flop ranking gap
//
// scaleK → Scaling factor (here ×1000)
//
// rankPos → Position of the ranking table (top/bottom left/right)
// rankTextSize → Font size for the ranking table (tiny, small, normal, large, huge)
//
// === Outputs ===
//
// • 8 currency strength lines (optionally visible)
// • Divergence (current pair) as histogram
// • Ranking table (top & flop highlighted)
// • Session highlighting (background color + optional vertical line)
// • Alerts on divergence crosses, |divergence| thresholds & top–flop gaps
//
// === Alert Conditions ===
//
// longDivCross → Divergence (current pair) crosses above 0
// shortDivCross → Divergence (current pair) crosses below 0
// divAbsUp → |Divergence| exceeds alertDivAbs threshold
// gapUp → Top–Flop ranking gap exceeds alertGapTF threshold
//
// ─────────────────────────────────────────────────────────────
Session Liquidity & Sweep DetectorThe indicator is an advanced trading tool designed to give traders a complete visual and analytical overview of major market sessions. By tracking the Asia, London, and New York sessions, this indicator highlights session highs/lows, liquidity sweeps, and advanced A++ patterns to help identify high-probability trade setups.
It combines session analysis, sweep detection, and pattern recognition into a single, customizable indicator. Traders can use it for spotting breakout points, reversal setups, and areas of stop hunts or liquidity grabs.
Key Features:
1. Session Liquidity Boxes:
Automatically draws boxes representing Asia, London, and NY trading sessions on the chart.
Each session box is color-coded and fully customizable (colors, transparency, border width).
Option to display only the most recent session box, reducing chart clutter.
Helps traders visually separate trading sessions and understand session structure.
2. High/Low Sweep Detection:
Detects when price sweeps the high or low of a completed session, indicating liquidity grabs or stop-hunting behavior.
Labels are added to the chart for clear visualization:
AHS: Asia High Swept
ALS: Asia Low Swept
LHS: London High Swept
LLS: London Low Swept
Horizontal lines are drawn at swept levels to track key support/resistance points.
Sweep detection occurs only within the same trading day, preventing false signals.
3. A++ Pattern Detection:
Detects advanced Long/Short A++ patterns based on session sweep behavior:
Long A++ Pattern: Both Asia and London lows are swept, but highs remain intact.
Short A++ Pattern: Both Asia and London highs are swept, but lows remain intact.
Patterns are plotted with customizable labels to highlight potential high-probability setups.
Helps traders identify early directional bias for the trading day.
4. Customizable Visual Settings:
Box colors, sweep line colors, and label colors are fully customizable.
Label sizes can be set to “auto”, “tiny”, “small”, “normal”, “large”, or “huge”.
Sweep line width and box border width are adjustable.
Clear visualization ensures traders can analyze sessions quickly and efficiently.
5. Multi-Session Tracking:
Tracks Asia, London, and New York sessions independently.
Keeps historical session data while dynamically updating the latest session in real-time.
Allows traders to see inter-session liquidity interactions, which are key for breakout and reversal strategies.
6. Optimized for Real-Time Trading:
Updates session highs/lows bar by bar during live trading.
Works on any timeframe, making it suitable for scalping, intraday, and swing trading.
Integrates seamlessly with other indicators like FU Candle Indicator, VWAP, Order Blocks, and more for advanced strategies.
Use Cases:
Liquidity Hunting: Spot where institutional traders may be triggering stop losses or grabbing liquidity.
Breakout Analysis: Identify when price breaks through session highs/lows and confirm trade direction.
Session Pattern Trading: Use A++ patterns to anticipate strong directional moves early in the trading day.
Multi-Session Strategies: Analyze relationships between Asia, London, and NY sessions to find high-probability entries.
Scalping & Day Trading: Visualize key levels for quick trade decisions.
Ideal Users:
Forex, crypto, and futures traders who want a session-based liquidity and sweep analysis.
Traders who use high-probability patterns and breakout strategies.
Scalpers, intraday traders, and swing traders looking for clear visual cues and actionable signals.
Anyone seeking a comprehensive session overview for smarter trading decisions.
This indicator essentially combines session boxes, liquidity sweep labels (AHS, ALS, LHS, LLS), horizontal lines for swept levels, and A++ pattern detection to give traders a full view of market structure, liquidity, and potential directional bias.
Indian market session on Gift Nifty chartsGift Nifty Market Session Highlighter
This indicator highlights the official Indian market session on Gift Nifty charts — from 9:15 AM to 3:30 PM IST. It shades the background during this time window so traders can instantly identify when the local market is open.
Features:
Marks 9:15 AM to 3:30 PM (IST) session on intraday charts.
Adjustable highlight color and transparency.
Works seamlessly across lower timeframes (1m, 5m, 15m, etc.).
Helps traders align Gift Nifty activity with NSE market hours.
Use Cases:
Quickly distinguish active market hours from overnight or global sessions.
Backtest trading strategies specific to Indian session volatility.
Improv
e focus on expiry-day setups and intraday opportunities.
Disclaimer:
This tool is provided for educational and informational purposes only. It is not financial advice, nor does it guarantee trading success. Always do your own research and consult a licensed financial professional before making investment decisions.
Essa - Market Structure Crystal Ball SystemEssa - Market Structure Crystal Ball V2.0
Ever wished you had a glimpse into the market's next move? Stop guessing and start anticipating with the Market Structure Crystal Ball!
This isn't just another indicator that tells you what has happened. This is a comprehensive analysis tool that learns from historical price action to forecast the most probable future structure. It combines advanced pattern recognition with essential trading concepts to give you a unique analytical edge.
Key Features
The Predictive Engine (The Crystal Ball)
This is the core of the indicator. It doesn't just identify market structure; it predicts it.
Know the Odds: Get a real-time probability score (%) for the next structural point: Higher High (HH), Higher Low (HL), Lower Low (LL), or Lower High (LH).
Advanced Analysis: The engine considers the pattern sequence, the speed (velocity) of the move, and its size to find the most accurate historical matches.
Dynamic Learning: The indicator constantly updates its analysis as new price data comes in.
The All-in-One Dashboard
Your command center for at-a-glance information. No need to clutter your screen!
Market Phase: Instantly know if the market is in a "🚀 Strong Uptrend," "📉 Steady Downtrend," or "↔️ Consolidation."
Live Probabilities: See the updated forecasts for HH, HL, LL, and LH in a clean, easy-to-read format.
Confidence Level: The dashboard tells you how confident the algorithm is in its current prediction (Low, Medium, or High).
🎯 Dynamic Prediction Zones
Turn probabilities into actionable price areas.
Visual Targets: Based on the highest probability outcome, the indicator draws a target zone on your chart where the next structure point is likely to form.
Context-Aware: These zones are calculated using recent volatility and average swing sizes, making them adaptive to the current market conditions.
🔍 Fair Value Gap (FVG) Detector
Automatically identify and track key price imbalances.
Price Magnets: FVGs are automatically detected and drawn, acting as potential targets for price.
Smart Tracking: The indicator tracks the status of each FVG (Fresh, Partially Filled, or Filled) and uses this data to refine its predictions.
🌍 Trading Session Analysis
Never lose track of key session levels again.
Visualize Sessions: See the Asia, London, and New York sessions highlighted with colored backgrounds.
Key Levels: Automatically plots the high and low of each session, which are often critical support and resistance levels.
Breakout Alerts: Get notified when price breaks a session high or low.
📈 Multi-Timeframe (MTF) Context
Understand the bigger picture by integrating higher timeframe analysis directly onto your chart.
BOS & MSS: Automatically identifies Breaks of Structure (trend continuation) and Market Structure Shifts (potential reversals) from up to two higher timeframes.
Trade with the Trend: Align your intraday trades with the dominant trend for higher probability setups.
⚙️ How It Works in Simple Terms
1️⃣ It Learns: The indicator first identifies all the past swing points (HH, HL, LL, LH) and analyzes their characteristics (speed, size, etc.).
2️⃣ It Finds a Match: It looks at the most recent price action and searches through hundreds of historical bars to find moments that were almost identical.
3️⃣ It Analyzes the Outcome: It checks what happened next in those similar historical scenarios.
4️⃣ It Predicts: Based on that historical data, it calculates the probability of each potential outcome and presents it to you.
🚀 How to Use This Indicator in Your Trading
Confirmation Tool: Use a high probability score (e.g., >60% for a HH) to confirm your own bullish analysis before entering a trade.
Finding High-Probability Zones: Use the Prediction Zones as potential areas to take profit, or as reversal zones to watch for entries in the opposite direction.
Gauging Market Sentiment: Check the "Market Phase" on the dashboard. Avoid forcing trades when the indicator shows "😴 Low Volatility."
Confluence is Key: This indicator is incredibly powerful when combined with your existing strategy. Use it alongside supply/demand zones, moving averages, or RSI for ultimate confirmation.
We hope this tool gives you a powerful new perspective on the market. Dive into the settings to customize it to your liking!
If you find this indicator helpful, please give it a Boost 👍 and leave a comment with your feedback below! Happy trading!
Disclaimer: All predictions are probabilistic and based on historical data. Past performance is not indicative of future results. Always use proper risk management.
ORB & Sessions [Capitalize Labs]ORB & Sessions Indicator
The ORB & Sessions Indicator provides a structured way to analyze intraday price action by combining two well-established concepts: global trading sessions and Opening Range Breakouts (ORB). It is designed to help traders identify where liquidity forms, when volatility expands, and how price behaves around key session and range levels.
Market Sessions Framework
Displays New York, London, and Asian sessions directly on the chart.
Each session can be shown as a highlighted background zone, or with extended highs and lows for liquidity tracking.
Session highs and lows remain projected forward after the session ends, allowing traders to monitor sweeps, retests, and reactions throughout the day.
Session times are fully customizable and can be aligned with the trader’s own timezone or broker feed.
This structure helps traders place price action into context, whether during quiet Asian trading, London-driven volatility, or New York reversals.
Opening Range Breakouts (ORB)
Supports three independent ORBs, each with configurable session times.
During the defined ORB window, the indicator captures the high and low of the range and plots a live updating box.
Once the ORB closes, the range locks and projects breakout targets (T1 and T2) based on user-defined risk-to-reward multiples.
Alerts are included for breakouts of highs, lows, or target levels.
Traders can use a single ORB or multiple—for example, tracking an Asian ORB into London, or London into New York.
Visualization and Clarity
Color-coded boxes and levels for sessions and ORBs.
Labels such as “Range High” and “Range Low” ensure clarity without clutter.
Flexible display settings allow highlighting full zones, just lines, or minimal markers depending on preference.
Practical Applications
This indicator is useful for:
Liquidity and volatility analysis: Observe where session highs and lows form and how they influence later trading.
Breakout and reversal strategies: Use ORB ranges to define risk and plan target projections.
Time-based research: Explore how different session overlaps or ORBs affect markets like indices, FX, and commodities.
Risk planning: Built-in R-multiple targets provide a consistent framework for evaluating setups.
Why It’s Different
Instead of showing sessions and ORBs separately, this indicator integrates them into one framework. Traders can:
See when and where sessions open and establish range levels.
Define precise ORBs with customizable timing.
Track breakout levels and targets in real time with alerts.
The result is a clear, time-structured view of the trading day, helping traders align setups with session dynamics and opening range behavior.
This indicator does not generate buy or sell signals. It is an analytical and visualization tool, providing structure for traders to better interpret intraday price action.
EAOBS by MIGVersion 1
1. Strategy Overview Objective: Capitalize on breakout movements in Ethereum (ETH) price after the Asian open pre-market session (7:00 PM–7:59 PM EST) by identifying high and low prices during the session and trading breakouts above the high or below the low.
Timeframe: Any (script is timeframe-agnostic, but align with session timing).
Session: Pre-market session (7:00 PM–7:59 PM EST, adjustable for other time zones, e.g., 12:00 AM–12:59 AM GMT).
Risk-Reward Ratios (R:R): Targets range from 1.2:1 to 5.2:1, with a fixed stop loss.
Instrument: Ethereum (ETH/USD or ETH-based pairs).
2. Market Setup Session Monitoring: Monitor ETH price action during the pre-market session (7:00 PM–7:59 PM EST), which aligns with the Asian market open (e.g., 9:00 AM–9:59 AM JST).
The script tracks the highest high and lowest low during this session.
Breakout Triggers: Buy Signal: Price breaks above the session’s high after the session ends (7:59 PM EST).
Sell Signal: Price breaks below the session’s low after the session ends.
Visualization: The session is highlighted on the chart with a white background.
Horizontal lines are drawn at the session’s high and low, extended for 30 bars, along with take-profit (TP) and stop-loss (SL) levels.
3. Entry Rules Long (Buy) Entry: Enter a long position when the price breaks above the session’s high price after 7:59 PM EST.
Entry price: Just above the session high (e.g., add a small buffer, like 0.1–0.5%, to avoid false breakouts, depending on volatility).
Short (Sell) Entry: Enter a short position when the price breaks below the session’s low price after 7:59 PM EST.
Entry price: Just below the session low (e.g., subtract a small buffer, like 0.1–0.5%).
Confirmation: Use a candlestick close above/below the breakout level to confirm the entry.
Optionally, add volume confirmation or a momentum indicator (e.g., RSI or MACD) to filter out weak breakouts.
Position Size: Calculate position size based on risk tolerance (e.g., 1–2% of account per trade).
Risk is determined by the stop-loss distance (10 points, as defined in the script).
4. Exit Rules Take-Profit Levels (in points, based on script inputs):TP1: 12 points (1.2:1 R:R).
TP2: 22 points (2.2:1 R:R).
TP3: 32 points (3.2:1 R:R).
TP4: 42 points (4.2:1 R:R).
TP5: 52 points (5.2:1 R:R).
Example for Long: If session high is 3000, TP levels are 3012, 3022, 3032, 3042, 3052.
Example for Short: If session low is 2950, TP levels are 2938, 2928, 2918, 2908, 2898.
Strategy: Scale out of the position (e.g., close 20% at TP1, 20% at TP2, etc.) or take full profit at a preferred TP level based on market conditions.
Stop-Loss: Fixed at 10 points from the entry.
Long SL: Session high - 10 points (e.g., entry at 3000, SL at 2990).
Short SL: Session low + 10 points (e.g., entry at 2950, SL at 2960).
Trailing Stop (Optional):After reaching TP2 or TP3, consider trailing the stop to lock in profits (e.g., trail by 10–15 points below the current price).
5. Risk Management per Trade: Limit risk to 1–2% of your trading account per trade.
Calculate position size: Account Size × Risk % ÷ (Stop-Loss Distance × ETH Price per Point).
Example: $10,000 account, 1% risk = $100. If SL = 10 points and 1 point = $1, position size = $100 ÷ 10 = 0.1 ETH.
Daily Risk Limit: Cap daily losses at 3–5% of the account to avoid overtrading.
Maximum Exposure: Avoid taking both long and short positions simultaneously unless using separate accounts or strategies.
Volatility Consideration: Adjust position size during high-volatility periods (e.g., major news events like Ethereum upgrades or macroeconomic announcements).
6. Trade Management Monitoring :Watch for breakouts after 7:59 PM EST.
Monitor price action near TP and SL levels using alerts or manual checks.
Trade Duration: Breakout lines extend for 30 bars (script parameter). Close trades if no TP or SL is hit within this period, or reassess based on market conditions.
Adjustments: If the market shows strong momentum, consider holding beyond TP5 with a trailing stop.
If the breakout fails (e.g., price reverses before TP1), exit early to minimize losses.
7. Additional Considerations Market Conditions: The 7:00 PM–7:59 PM EST session aligns with the Asian market open (e.g., Tokyo Stock Exchange open at 9:00 AM JST), which may introduce higher volatility due to Asian trading activity.
Avoid trading during low-liquidity periods or extreme volatility (e.g., major crypto news).
Check for upcoming events (e.g., Ethereum network upgrades, ETF decisions) that could impact price.
Backtesting: Test the strategy on historical ETH data using the session high/low breakouts for the 7:00 PM–7:59 PM EST window to validate performance.
Adjust TP/SL levels based on backtest results if needed.
Broker and Fees: Use a low-fee crypto exchange (e.g., Binance, Kraken, Coinbase Pro) to maximize R:R.
Account for trading fees and slippage in your position sizing.
Time zone Adjustment: Adjust session time input for your time zone (e.g., "0000-0059" for GMT).
Ensure your trading platform’s clock aligns with the script’s time zone (default: America/New_York).
8. Example Trade Scenario: Session (7:00 PM–7:59 PM EST) records a high of 3050 and a low of 3000.
Long Trade: Entry: Price breaks above 3050 (e.g., enter at 3051).
TP Levels: 3063 (TP1), 3073 (TP2), 3083 (TP3), 3093 (TP4), 3103 (TP5).
SL: 3040 (3050 - 10).
Position Size: For a $10,000 account, 1% risk = $100. SL = 11 points ($11). Size = $100 ÷ 11 = ~0.09 ETH.
Short Trade: Entry: Price breaks below 3000 (e.g., enter at 2999).
TP Levels: 2987 (TP1), 2977 (TP2), 2967 (TP3), 2957 (TP4), 2947 (TP5).
SL: 3010 (3000 + 10).
Position Size: Same as above, ~0.09 ETH.
Execution: Set alerts for breakouts, enter with limit orders, and monitor TPs/SL.
9. Tools and Setup Platform: Use TradingView to implement the Pine Script and visualize breakout levels.
Alerts: Set price alerts for breakouts above the session high or below the session low after 7:59 PM EST.
Set alerts for TP and SL levels.
Chart Settings: Use a 1-minute or 5-minute chart for precise session tracking.
Overlay the script to see high/low lines, TP levels, and SL levels.
Optional Indicators: Add RSI (e.g., avoid overbought/oversold breakouts) or volume to confirm breakouts.
10. Risk Warnings Crypto Volatility: ETH is highly volatile; unexpected news can cause rapid price swings.
False Breakouts: Breakouts may fail, especially in low-volume sessions. Use confirmation signals.
Leverage: Avoid high leverage (e.g., >5x) to prevent liquidation during volatile moves.
Session Accuracy: Ensure correct session timing for your time zone to avoid misaligned entries.
11. Performance Tracking Journaling :Record each trade’s entry, exit, R:R, and outcome.
Note market conditions (e.g., trending, ranging, news-driven).
Review: Weekly: Assess win rate, average R:R, and adherence to the plan.
Monthly: Adjust TP/SL or session timing based on performance.
