SJ Fx Session RangeSJ Fx Session Range Indicator
A Professional Forex Session Tracking Tool with Opening Range Analysis
Overview
The SJ Fx Session Range indicator is a comprehensive tool designed to help forex traders visualize major trading sessions (Asia, Europe+London, and New York) along with their first 15-minute opening ranges. Built with Pine Script v5, this indicator provides clear session boundaries, high/low ranges, and customizable opening range analysis to enhance your trading decisions.
Key Features
1. Trading Session Boxes
- Three major forex sessions: Asia, Europe+London, and New York
- Color-coded session boxes with transparent backgrounds for easy visualization
- Automatic session high/low tracking
- Session labels displayed inside boxes for quick identification
- Displays up to 50 historical sessions for pattern analysis
2. Opening Range Analysis
- Tracks first 15-minute opening range for Europe, London, and NY sessions
- Plots high, low, and mid-range levels
- Customizable line colors for each session's opening range
- Background highlights during the first 15 minutes of each session
- Helps identify potential breakout or reversal zones
3. Daylight Saving Time Support
- Built-in DST toggle for easy seasonal adjustment
- Automatically adjusts all session timings by 1 hour when enabled
- Clear tooltip instructions for when to enable/disable DST
- Default timings configured for IST timezone (Asia/Kolkata)
4. User-Friendly Design
- Clean input interface organized by session categories
- Fixed optimal settings for boxes and lines (50-day history)
- All session times are easily customizable with helpful tooltips
- Warning tooltips to prevent accidental timing changes
Default Session Times (when DST is disabled)
- Asia Session: 04:00 - 12:30 IST
- Europe + London Session: 12:30 - 20:00 IST
- New York Session: 20:00 - 02:30 IST
How to Use
1. Add to Chart: Apply the indicator to any forex pair chart
2. Adjust DST: Enable the "Start Daylight Saving Time Change" checkbox on the second Sunday in March; disable on the first Sunday in November
3. Customize Sessions: Toggle individual sessions on/off based on your trading preference
4. Opening Range Colors: Customize the opening range line colors for better visibility
5. Session Times: Default times are optimized for IST; modify only if trading from a different timezone
Technical Specifications
- Version: Pine Script v5
- Overlay: Yes (draws directly on price chart)
- Maximum Objects: 500 boxes, 500 lines
- History: 50 days of session data
- Timezone: Asia/Kolkata (IST) - customizable in code
Use Cases
- Identify high-liquidity trading periods
- Track session volatility patterns
- Monitor opening range breakouts/breakdowns
- Analyze session-specific price action
- Plan entries around major session opens
- Avoid trading during low-liquidity periods
Performance
Optimized for efficient rendering with:
- Fixed 50-day history limit for optimal performance
- Automatic cleanup of old session boxes and lines
- Lightweight code structure for fast chart loading
Customization Options
Available Inputs:
- Enable/disable individual sessions
- Adjust session timings (with safety tooltips)
- Toggle DST on/off
- Show/hide opening range analysis
- Customize opening range line colors for each session
Fixed for Optimal Performance:
- Session box colors (Asia: Aqua, Europe: Green, NY: Red)
- 50-day historical display
- Line width and style
- Mid-range line always displayed
Educational Value
This indicator helps traders:
- Understand forex market structure and session overlaps
- Recognize high-probability trading times
- Develop session-based trading strategies
- Improve timing of trade entries and exits
Open Source License
This script is published under Mozilla Public License 2.0, allowing you to:
- Use freely for personal trading
- Modify and adapt to your needs
- Learn from the code structure
- Share improvements with the community
Credits
Developed by Shantanu Joshi
- Designed for forex traders focusing on session-based strategies
- Built with clean, well-documented Pine Script v5 code
- Regular updates and improvements based on user feedback
Support & Feedback
If you find this indicator useful:
- Give it a thumbs up
- Share your trading results in the comments
- Suggest improvements or new features
- Report any issues for quick resolution
Disclaimer
This indicator is for educational and informational purposes only. It does not constitute financial advice. Always conduct your own research and risk management before making trading decisions. Past performance does not guarantee future results.
Compatible with: CFDs of forex pairs, commodities, indices, and crypto.
Best used on: 5-minutes
Recommended chart type: Candlestick charts
Поиск скриптов по запросу "sessions"
Opening Range Breakout with Multi-Timeframe Liquidity]═══════════════════════════════════════
OPENING RANGE BREAKOUT WITH MULTI-TIMEFRAME LIQUIDITY
═══════════════════════════════════════
A professional Opening Range Breakout (ORB) indicator enhanced with multi-timeframe liquidity detection, trading session visualization, volume analysis, and trend confirmation tools. Designed for intraday trading with comprehensive alert system.
───────────────────────────────────────
WHAT THIS INDICATOR DOES
───────────────────────────────────────
This indicator combines multiple trading concepts:
- Opening Range Breakout (ORB) - Customizable time period detection with automatic high/low identification
- Multi-Timeframe Liquidity - HTF (Higher Timeframe) and LTF (Lower Timeframe) key level detection
- Trading Sessions - Tokyo, London, New York, and Sydney session visualization
- Volume Analysis - Volume spike detection and strength measurement
- Multi-Timeframe Confirmation - Trend bias from higher timeframes
- EMA Integration - Trend filter and dynamic support/resistance
- Smart Alerts - Quality-filtered breakout notifications
───────────────────────────────────────
HOW IT WORKS
───────────────────────────────────────
OPENING RANGE BREAKOUT (ORB):
Concept:
The Opening Range is a period at the start of a trading session where price establishes an initial high and low. Breakouts beyond this range often indicate the direction of the day's trend.
Detection Method:
- Default: 15-minute opening range (configurable)
- Custom Range: Set specific session times with timezone support
- Automatically identifies ORH (Opening Range High) and ORL (Opening Range Low)
- Tracks ORB mid-point for reference
Range Establishment:
1. Session starts (or custom time begins)
2. Tracks highest high and lowest low during the period
3. Range confirmed at end of opening period
4. Levels extend throughout the session
Breakout Detection:
- Bullish Breakout: Close above ORH
- Bearish Breakout: Close below ORL
- Mid-point acts as bias indicator
Visual Display:
- Shaded box during range formation
- Horizontal lines for ORH, ORL, and mid-point
- Labels showing level values
- Color-coded fills based on selected method
Fill Color Methods:
1. Session Comparison:
- Green: Current OR mid > Previous OR mid
- Red: Current OR mid < Previous OR mid
- Gray: Equal or first session
- Shows day-over-day momentum
2. Breakout Direction (Recommended):
- Green: Price currently above ORH (bullish breakout)
- Red: Price currently below ORL (bearish breakout)
- Gray: Price inside range (no breakout)
- Real-time breakout status
MULTI-TIMEFRAME LIQUIDITY:
Two-Tier System for comprehensive level identification:
HTF (Higher Timeframe) Key Liquidity:
- Default: 4H timeframe (configurable to Daily, Weekly)
- Identifies major institutional levels
- Uses pivot detection with adjustable parameters
- Suitable for swing highs/lows where large orders rest
LTF (Lower Timeframe) Key Liquidity:
- Default: 1H timeframe (configurable)
- Provides precision entry/exit levels
- Finer granularity for intraday trading
- Captures minor swing points
Calculation Method:
- Pivot high/low detection algorithm
- Configurable left bars (lookback) and right bars (confirmation)
- Timeframe multiplier for accurate multi-timeframe detection
- Automatic level extension
Mitigation System:
- Tracks when levels are swept (broken)
- Configurable mitigation type: Wick or Close-based
- Option to remove or show mitigated levels
- Display limit prevents chart clutter
Asset-Specific Optimization:
The indicator includes quick reference settings for different assets:
- Major Forex (EUR/USD, GBP/USD): Default settings optimal
- Crypto (BTC/ETH): Left=12, Right=4, Display=7
- Gold: HTF=1D, Left=20
TRADING SESSIONS:
Four Major Sessions with Full Customization:
Tokyo Session:
- Default: 04:00-13:00 UTC+4
- Asian trading hours
- Often sets daily range
London Session:
- Default: 11:00-20:00 UTC+4
- Highest liquidity period
- Major institutional activity
New York Session:
- Default: 16:00-01:00 UTC+4
- US market hours
- High-impact news events
Sydney Session:
- Default: 01:00-10:00 UTC+4
- Earliest Asian activity
- Lower volatility
Session Features:
- Shaded background boxes
- Session name labels
- Optional open/close lines
- Session high/low tracking with colored lines
- Each session has independent color settings
- Fully customizable times and timezones
VOLUME ANALYSIS:
Volume-Based Trade Confirmation:
Volume MA:
- Configurable period (default: 20)
- Establishes average volume baseline
- Used for spike detection
Volume Spike Detection:
- Identifies when volume exceeds MA * multiplier
- Default: 1.5x average volume
- Confirms breakout strength
Volume Strength Measurement:
- Calculates current volume as percentage of average
- Shows relative volume intensity
- Used in alert quality filtering
High Volume Bars:
- Identifies bars above 50th percentile
- Additional confirmation layer
- Indicates institutional participation
MULTI-TIMEFRAME CONFIRMATION:
Trend Bias from Higher Timeframes:
HTF 1 (Trend):
- Default: 1H timeframe
- Uses EMA to determine intermediate trend
- Compares current timeframe EMA to HTF EMA
HTF 2 (Bias):
- Default: 4H timeframe
- Uses 50 EMA for longer-term bias
- Confirms overall market direction
Bias Classifications:
- Bullish Bias: HTF close > HTF 50 EMA AND Current EMA > HTF1 EMA
- Bearish Bias: HTF close < HTF 50 EMA AND Current EMA < HTF1 EMA
- Neutral Bias: Mixed signals between timeframes
EMA Stack Analysis:
- Compares EMA alignment across timeframes
- +1: Bullish stack (lower TF EMA > higher TF EMA)
- -1: Bearish stack (lower TF EMA < higher TF EMA)
- 0: Neutral/crossed
Usage:
- Filters false breakouts
- Confirms trend direction
- Improves trade quality
EMA INTEGRATION:
Dynamic EMA for Trend Reference:
Features:
- Configurable period (default: 20)
- Customizable color and width
- Acts as dynamic support/resistance
- Trend filter for ORB trades
Application:
- Above EMA: Favor long breakouts
- Below EMA: Favor short breakouts
- EMA cross: Potential trend change
- Distance from EMA: Momentum gauge
SMART ALERT SYSTEM:
Quality-Filtered Breakout Notifications:
Alert Types:
1. Standard ORB Breakout
2. High Quality ORB Breakout
Quality Criteria:
- Volume Confirmation: Volume > 1.2x average
- MTF Confirmation: Bias aligned with breakout direction
Standard Alert:
- Basic breakout detection
- Price crosses ORH or ORL
- Icon: 🚀 (bullish) or 🔻 (bearish)
High Quality Alert:
- Both volume AND MTF confirmed
- Stronger probability setup
- Icon: 🚀⭐ (bullish) or 🔻⭐ (bearish)
Alert Information Includes:
- Alert quality rating
- Breakout level and current price
- Volume strength percentage (if enabled)
- MTF bias status (if enabled)
- Recommended action
One Alert Per Bar:
- Prevents alert spam
- Uses flag system to track sent alerts
- Resets on new ORB session
───────────────────────────────────────
HOW TO USE
───────────────────────────────────────
OPENING RANGE SETUP:
Basic Configuration:
1. Select time period for opening range (default: 15 minutes)
2. Choose fill color method (Breakout Direction recommended)
3. Enable historical data display if needed
Custom Range (Advanced):
1. Enable Custom Range toggle
2. Set specific session time (e.g., 0930-0945)
3. Select appropriate timezone
4. Useful for specific market opens (NYSE, LSE, etc.)
LIQUIDITY LEVELS SETUP:
Quick Configuration by Asset:
- Forex: Use default settings (Left=15, Right=5)
- Crypto: Set Left=12, Right=4, Display=7
- Gold: Set HTF=1D, Left=20
HTF Liquidity:
- Purpose: Major support/resistance levels
- Recommended: 4H for day trading, 1D for swing trading
- Use as profit targets or reversal zones
LTF Liquidity:
- Purpose: Entry/exit refinement
- Recommended: 1H for day trading, 4H for swing trading
- Use for position management
Mitigation Settings:
- Wick-based: More sensitive (default)
- Close-based: More conservative
- Remove or Show mitigated levels based on preference
TRADING SESSIONS SETUP:
Enable/Disable Sessions:
- Master toggle for all sessions
- Individual session controls
- Show/hide session names
Session High/Low Lines:
- Enable to see session extremes
- Each session has custom colors
- Useful for range trading
Customization:
- Adjust session times for your broker
- Set timezone to match your location
- Customize colors for visibility
VOLUME ANALYSIS SETUP:
Enable Volume Analysis:
1. Toggle on Volume Analysis
2. Set MA length (20 recommended)
3. Adjust spike multiplier (1.5 typical)
Usage:
- Confirm breakouts with volume
- Identify climactic moves
- Filter false signals
MULTI-TIMEFRAME SETUP:
HTF Selection:
- HTF 1 (Trend): 1H for day trading, 4H for swing
- HTF 2 (Bias): 4H for day trading, 1D for swing
Interpretation:
- Trade only with bias alignment
- Neutral bias: Be cautious
- Bias changes: Potential reversals
EMA SETUP:
Configuration:
- Period: 20 for responsive, 50 for smoother
- Color: Choose contrasting color
- Width: 1-2 for visibility
Usage:
- Filter trades: Long above, Short below
- Dynamic support/resistance reference
- Trend confirmation
ALERT SETUP:
TradingView Alert Creation:
1. Enable alerts in indicator settings
2. Enable ORB Breakout Alerts
3. Right-click chart → Add Alert
4. Select this indicator
5. Choose "Any alert() function call"
6. Configure delivery method (mobile, email, webhook)
Alert Filtering:
- All alerts include quality rating
- High Quality alerts = Volume + MTF confirmed
- Standard alerts = Basic breakout only
───────────────────────────────────────
TRADING STRATEGIES
───────────────────────────────────────
CLASSIC ORB STRATEGY:
Setup:
1. Wait for opening range to complete
2. Price breaks and closes above ORH or below ORL
3. Volume > average (if enabled)
4. MTF bias aligned (if enabled)
Entry:
- Bullish: Buy on break above ORH
- Bearish: Sell on break below ORL
- Consider retest entries for better risk/reward
Stop Loss:
- Bullish: Below ORL or range mid-point
- Bearish: Above ORH or range mid-point
- Adjust based on volatility
Targets:
- Initial: Range width extension (ORH + range width)
- Secondary: HTF liquidity levels
- Final: Session high/low or major support/resistance
ORB + LIQUIDITY CONFLUENCE:
Enhanced Setup:
1. Opening range established
2. HTF liquidity level near or beyond ORH/ORL
3. Breakout occurs with volume
4. Price targets the liquidity level
Entry:
- Enter on ORB breakout
- Target the HTF liquidity level
- Use LTF liquidity for position management
Management:
- Partial profits at ORB + range width
- Move stop to breakeven at LTF liquidity
- Final exit at HTF liquidity sweep
ORB REJECTION STRATEGY (Counter-Trend):
Setup:
1. Price breaks above ORH or below ORL
2. Weak volume (below average)
3. MTF bias opposite to breakout
4. Price closes back inside range
Entry:
- Failed bullish break: Short below ORH
- Failed bearish break: Long above ORL
Stop Loss:
- Beyond the failed breakout level
- Or beyond session extreme
Target:
- Opposite end of opening range
- Range mid-point for partial profit
SESSION-BASED ORB TRADING:
Tokyo Session:
- Typically narrower ranges
- Good for range trading
- Wait for London open breakout
London Session:
- Highest volume and volatility
- Strong ORB setups
- Major liquidity sweeps common
New York Session:
- Strong trending moves
- News-driven volatility
- Good for momentum trades
Sydney Session:
- Quieter conditions
- Suitable for range strategies
- Sets up Tokyo session
EMA-FILTERED ORB:
Rules:
- Only take bullish breaks if price > EMA
- Only take bearish breaks if price < EMA
- Ignore counter-trend breaks
Benefits:
- Reduces false signals
- Aligns with larger trend
- Improves win rate
───────────────────────────────────────
CONFIGURATION GUIDE
───────────────────────────────────────
OPENING RANGE SETTINGS:
Time Period:
- 15 min: Standard for most markets
- 30 min: Wider range, fewer breakouts
- 60 min: For slower markets or swing trades
Custom Range:
- Use for specific market opens
- NYSE: 0930-1000 EST
- LSE: 0800-0830 GMT
- Set timezone to match exchange
Historical Display:
- Enable: See all previous session data
- Disable: Cleaner chart, current session only
LIQUIDITY SETTINGS:
Left Bars (5-30):
- Lower: More frequent, sensitive levels
- Higher: Fewer, more significant levels
- Recommended: 15 for most markets
Right Bars (1-25):
- Confirmation period
- Higher: More reliable, less frequent
- Recommended: 5 for balance
Display Limit (1-20):
- Number of active levels shown
- Higher: More context, busier chart
- Recommended: 7 for clarity
Extension Options:
- Short: Levels visible near formation
- Current: Extended to current bar (recommended)
- Max: Extended indefinitely
VOLUME SETTINGS:
MA Length (5-50):
- Shorter: More responsive to spikes
- Longer: Smoother baseline
- Recommended: 20 for balance
Spike Multiplier (1.0-3.0):
- Lower: More sensitive spike detection
- Higher: Only extreme spikes
- Recommended: 1.5 for day trading
MULTI-TIMEFRAME SETTINGS:
HTF 1 (Trend):
- 5m chart: Use 15m or 1H
- 15m chart: Use 1H or 4H
- 1H chart: Use 4H or 1D
HTF 2 (Bias):
- One level higher than HTF 1
- Provides longer-term context
- Don't use same as HTF 1
EMA SETTINGS:
Length:
- 20: Responsive, more signals
- 50: Smoother, stronger filter
- 200: Long-term trend only
Style:
- Choose contrasting color
- Width 1-2 for visibility
- Match your trading style
───────────────────────────────────────
BEST PRACTICES
───────────────────────────────────────
Chart Timeframe Selection:
- ORB Trading: Use 5m or 15m charts
- Session Review: Use 1H or 4H charts
- Swing Trading: Use 1H or 4H charts
Quality Over Quantity:
- Wait for high-quality alerts (volume + MTF)
- Avoid trading every breakout
- Focus on confluence setups
Risk Management:
- Position size based on range width
- Wider ranges = smaller positions
- Use stop losses always
- Take partial profits at targets
Market Conditions:
- Best results in trending markets
- Reduce position size in choppy conditions
- Consider session overlaps for volatility
- Avoid trading near major news if inexperienced
Continuous Improvement:
- Track win rate by session
- Note which confluence factors work best
- Adjust settings based on market volatility
- Review performance weekly
───────────────────────────────────────
PERFORMANCE OPTIMIZATION
───────────────────────────────────────
This indicator is optimized with:
- max_bars_back declarations for efficient processing
- Conditional calculations based on enabled features
- Proper memory management for drawing objects
- Minimal recalculation on each bar
Best Practices:
- Disable unused features (sessions, MTF, volume)
- Limit historical display to reduce rendering
- Use appropriate timeframe for your strategy
- Clear old drawing objects periodically
───────────────────────────────────────
EDUCATIONAL DISCLAIMER
───────────────────────────────────────
This indicator combines established trading concepts:
- Opening Range Breakout theory (price action)
- Liquidity level detection (pivot analysis)
- Session-based trading (time-of-day patterns)
- Volume analysis (confirmation technique)
- Multi-timeframe analysis (trend alignment)
All calculations use standard technical analysis methods:
- Pivot high/low detection algorithms
- Moving averages for trend and volume
- Session time filtering
- Timeframe security functions
The indicator identifies potential trading setups but does not predict future price movements. Success requires proper application within a complete trading strategy including risk management, position sizing, and market context.
───────────────────────────────────────
USAGE DISCLAIMER
───────────────────────────────────────
This tool is for educational and analytical purposes. Opening Range Breakout trading involves substantial risk. The alert system and quality filters are designed to identify potential setups but do not guarantee profitability. Always conduct independent analysis, use proper risk management, and never risk capital you cannot afford to lose. Past performance does not indicate future results. Trading intraday breakouts requires experience and discipline.
───────────────────────────────────────
CREDITS & ATTRIBUTION
───────────────────────────────────────
ORIGINAL SOURCE:
This indicator builds upon concepts from LuxAlgo's-ORB
Composite Time ProfileComposite Time Profile Overlay (CTPO) - Market Profile Compositing Tool
Automatically composite multiple time periods to identify key areas of balance and market structure
What is the Composite Time Profile Overlay?
The Composite Time Profile Overlay (CTPO) is a Pine Script indicator that automatically composites multiple time periods to identify key areas of balance and market structure. It's designed for traders who use market profile concepts and need to quickly identify where price is likely to find support or resistance.
The indicator analyzes TPO (Time Price Opportunity) data across different timeframes and merges overlapping profiles to create composite levels that represent the most significant areas of balance. This helps you spot where institutional traders are likely to make decisions based on accumulated price action.
Why Use CTPO for Market Profile Trading?
Eliminate Manual Compositing Work
Instead of manually drawing and compositing profiles across different timeframes, CTPO does this automatically. You get instant access to composite levels without spending time analyzing each individual period.
Spot Areas of Balance Quickly
The indicator highlights the most significant areas of balance by compositing overlapping profiles. These areas often act as support and resistance levels because they represent where the most trading activity occurred across multiple time periods.
Focus on What Matters
Rather than getting lost in individual session profiles, CTPO shows you the composite levels that have been validated across multiple timeframes. This helps you focus on the levels that are most likely to hold.
How CTPO Works for Market Profile Traders
Automatic Profile Compositing
CTPO uses a proprietary algorithm that:
- Identifies period boundaries based on your selected timeframe (sessions, daily, weekly, monthly, or auto-detection)
- Calculates TPO profiles for each period using the C2M (Composite 2 Method) row sizing calculation
- Merges overlapping profiles using configurable overlap thresholds (default 50% overlap required)
- Updates composite levels as new price action develops in real-time
Key Levels for Market Profile Analysis
The indicator displays:
- Value Area High (VAH) and Value Area Low (VAL) levels calculated from composite TPO data
- Point of Control (POC) levels where most trading occurred across all composited periods
- Composite zones representing areas of balance with configurable transparency
- 1.618 Fibonacci extensions for breakout targets based on composite range
Multiple Timeframe Support
- Sessions: For intraday market profile analysis
- Daily: For swing trading with daily profiles
- Weekly: For position trading with weekly structure
- Monthly: For long-term market profile analysis
- Auto: Automatically selects timeframe based on your chart
Trading Applications for Market Profile Users
Support and Resistance Trading
Use composite levels as dynamic support and resistance zones. These levels often hold because they represent areas where significant trading decisions were made across multiple timeframes.
Breakout Trading
When composite levels break, they often lead to significant moves. The indicator calculates 1.618 Fibonacci extensions to give you clear targets for breakout trades.
Mean Reversion Strategies
Value Area levels represent the price range where most trading activity occurred. These levels often act as magnets, drawing price back when it moves too far from the mean.
Institutional Level Analysis
Composite levels represent areas where institutional traders have made significant decisions. These levels often hold more weight than traditional technical analysis levels because they're based on actual trading activity.
Key Features for Market Profile Traders
Smart Compositing Logic
- Automatic overlap detection using price range intersection algorithms
- Configurable overlap thresholds (minimum 50% overlap required for merging)
- Dead composite identification (profiles that become engulfed by newer composites)
- Real-time updates as new price action develops using barstate.islast optimization
Visual Customization
- Customizable colors for active, broken, and dead composites
- Adjustable transparency levels for each composite state
- Premium/Discount zone highlighting based on current price vs composite range
- TPO aggression coloring using TPO distribution analysis to identify buying/selling pressure
- Fibonacci level extensions with 1.618 target calculations based on composite range
Clean Chart Presentation
- Only shows the most relevant composite levels (maximum 10 active composites)
- Eliminates clutter from individual session profiles
- Focuses on areas of balance that matter most to current price action
Real-World Trading Examples
Day Trading with Session Composites
Use session-based composites to identify intraday areas of balance. The VAH and VAL levels often act as natural profit targets and stop-loss levels for scalping strategies.
Swing Trading with Daily Composites
Daily composites provide excellent swing trading levels. Look for price reactions at composite zones and use the 1.618 extensions for profit targets.
Position Trading with Weekly Composites
Weekly composites help identify major trend changes and long-term areas of balance. These levels often hold for months or even years.
Risk Management
Composite levels provide natural stop-loss levels. If a composite level breaks, it often signals a significant shift in market sentiment, making it an ideal place to exit losing positions.
Why Composite Levels Work
Composite levels work because they represent areas where significant trading decisions were made across multiple timeframes. When price returns to these levels, traders often remember the previous price action and make similar decisions, creating self-fulfilling prophecies.
The compositing process uses a proprietary algorithm that ensures only levels validated across multiple time periods are displayed. This means you're looking at levels that have proven their significance through actual market behavior, not just random technical levels.
Technical Foundation
The indicator uses TPO (Time Price Opportunity) data combined with price action analysis to identify areas of balance. The C2M row sizing method ensures accurate profile calculations, while the overlap detection algorithm (minimum 50% price range intersection) ensures only truly significant composites are displayed. The algorithm calculates row size based on ATR (Average True Range) divided by 10, then converts to tick size for precise level calculations.
How the Code Actually Works
1. Period Detection and ATR Calculation
The code first determines the appropriate timeframe based on your chart:
- 1m-5m charts: Session-based profiles
- 15m-2h charts: Daily profiles
- 4h charts: Weekly profiles
- 1D charts: Monthly profiles
For each period type, it calculates the number of bars needed for ATR calculation:
- Sessions: 540 minutes divided by chart timeframe
- Daily: 1440 minutes divided by chart timeframe
- Weekly: 7 days worth of minutes divided by chart timeframe
- Monthly: 30 days worth of minutes divided by chart timeframe
2. C2M Row Size Calculation
The code calculates True Range for each bar in the determined period:
- True Range = max(high-low, |high-prevClose|, |low-prevClose|)
- Averages all True Range values to get ATR
- Row Size = (ATR / 10) converted to tick size
- This ensures each TPO row represents a meaningful price movement
3. TPO Profile Generation
For each period, the code:
- Creates price levels from lowest to highest price in the range
- Each level is separated by the calculated row size
- Counts how many bars touch each price level (TPO count)
- Finds the level with highest count = Point of Control (POC)
- Calculates Value Area by expanding from POC until 68.27% of total TPO blocks are included
4. Overlap Detection Algorithm
When a new profile is created, the code checks if it overlaps with existing composites:
- Calculates overlap range = min(currentVAH, prevVAH) - max(currentVAL, prevVAL)
- Calculates current profile range = currentVAH - currentVAL
- Overlap percentage = (overlap range / current profile range) * 100
- If overlap >= 50%, profiles are merged into a composite
5. Composite Merging Logic
When profiles overlap, the code creates a new composite by:
- Taking the earliest start bar and latest end bar
- Using the wider VAH/VAL range (max of both profiles)
- Keeping the POC from the profile with more TPO blocks
- Marking the composite as "active" until price breaks through
6. Real-Time Updates
The code uses barstate.islast to optimize performance:
- Only recalculates on the last bar of each period
- Updates active composite with live price action if enabled
- Cleans up old composites to prevent memory issues
- Redraws all visual elements from scratch each bar
7. Visual Rendering System
The code uses arrays to manage drawing objects:
- Clears all lines/boxes arrays on every bar
- Iterates through composites array to redraw everything
- Uses different colors for active, broken, and dead composites
- Calculates 1.618 Fibonacci extensions for broken composites
Getting Started with CTPO
Step 1: Choose Your Timeframe
Select the period type that matches your trading style:
- Use "Sessions" for day trading
- Use "Daily" for swing trading
- Use "Weekly" for position trading
- Use "Auto" to let the indicator choose based on your chart timeframe
Step 2: Customize the Display
Adjust colors, transparency, and display options to match your charting preferences. The indicator offers extensive customization options to ensure it fits seamlessly into your existing analysis.
Step 3: Identify Key Levels
Look for:
- Composite zones (blue boxes) - major areas of balance
- VAH/VAL lines - value area boundaries
- POC lines - areas of highest trading activity
- 1.618 extension lines - breakout targets
Step 4: Develop Your Strategy
Use these levels to:
- Set entry points near composite zones
- Place stop losses beyond composite levels
- Take profits at 1.618 extension levels
- Identify trend changes when major composites break
Perfect for Market Profile Traders
If you're already using market profile concepts in your trading, CTPO eliminates the manual work of compositing profiles across different timeframes. Instead of spending time analyzing each individual period, you get instant access to the composite levels that matter most.
The indicator's automated compositing process ensures you're always looking at the most relevant areas of balance, while its real-time updates keep you informed of changes as they happen. Whether you're a day trader looking for intraday levels or a position trader analyzing long-term structure, CTPO provides the market profile intelligence you need to succeed.
Streamline Your Market Profile Analysis
Stop wasting time on manual compositing. Let CTPO do the heavy lifting while you focus on executing profitable trades based on areas of balance that actually matter.
Ready to Streamline Your Market Profile Trading?
Add the Composite Time Profile Overlay to your charts today and experience the difference that automated profile compositing can make in your trading performance.
Liquidity Sweep Sniper AP StyleAP Capital – Liquidity Sweep Sniper (Fab-Style)
📌 Overview
This indicator is a precision scalping tool inspired by professional liquidity-based trading concepts often demonstrated by elite intraday scalpers.
The script focuses on liquidity sweeps followed by strong displacement, aiming to capture short, high-probability momentum moves — particularly effective on lower timeframes (1–5 min) during active market sessions.
It is not a signal spam tool. Signals appear only when multiple objective conditions align.
🧠 Core Concept
Markets do not move randomly — they seek liquidity before expanding.
This indicator identifies:
Buy-side / Sell-side liquidity
Liquidity sweeps (stop-hunts)
Strong displacement candles reclaiming price
Optional higher-timeframe trend alignment
Only when all conditions are met does a signal print.
🔍 What the Indicator Detects
1️⃣ Liquidity Pools
Equal highs or equal lows detected within a configurable lookback
Minimum number of touches required
ATR-based tolerance to adapt to volatility
These levels represent areas where stop orders are likely resting.
2️⃣ Liquidity Sweep
A valid sweep requires:
Price to wick beyond the liquidity level
Candle to close back inside the range
This indicates failed breakout / stop-hunt behaviour.
3️⃣ Displacement Confirmation
After the sweep, the candle must show:
Strong body (default >60% of candle range)
Candle range large relative to ATR
Clear directional intent (momentum)
This filters out weak reactions and chop.
4️⃣ Optional Trend Filter
EMA-based higher-timeframe bias
Helps align scalps with dominant direction
Can be enabled or disabled
📈 Signals
BUY: Sell-side liquidity sweep → bullish displacement
SELL: Buy-side liquidity sweep → bearish displacement
Signals are plotted directly on the chart and can be used with alerts.
⚙️ Recommended Usage
Markets: XAUUSD, indices, liquid FX pairs
Timeframes: 1m–5m
Sessions: London & New York (best performance)
Risk Management: Always required — this tool does not place trades
Best used as a confirmation tool, not standalone.
⚠️ Important Notes
This indicator is inspired by liquidity-based scalping concepts, not an exact replication of any individual trader’s private strategy.
No indicator predicts the future — this tool highlights high-probability scenarios, not guarantees.
Past performance is not indicative of future results.
Session Highs and Lows🔑 Key Levels: Session Liquidity & Structure Mapper
The Key Levels indicator is an essential tool for traders as it automatically plots and projects critical Highs and Lows established during key trading sessions. These levels represent major liquidity pools and define the current market structure, serving as high-probability targets, support, or resistance for the remainder of the trading day.
⚙️ Core Functionality
The indicator operates in two distinct modes, tailored for different asset classes:
1. Asset Class Mode (Toggle)
You can switch between two predefined setups depending on the asset you are trading:
Stock Mode (RTH/ETH): Designed for US stocks and futures (e.g., NQ, ES, YM). It tracks and projects levels for Regular Trading Hours (RTH) (09:30-16:00) and Extended Hours (ETH) (16:00-09:30).
Forex/Default Mode (Asia/London/NY): Designed for global markets (e.g., currency pairs). It tracks and projects levels for the three major liquidity sessions: Asia (19:00-03:00), London (03:00-09:30), and New York (09:30-16:00).
🗺️ Key Levels Mapped
The script continuously tracks and plots the most significant structural levels:
Current Session High/Low: The running high and low of the currently active session.
Previous Session High/Low: The confirmed high and low from the most recently completed session. These are often targeted by market makers.
Previous Day High/Low (PDH/PDL): The high and low of the prior 24-hour day, acting as major structural boundaries and a crucial macro market filter.
🎛️ Advanced Liquidity Management
The indicator is built with specific controls for high-level liquidity analysis:
Extend Through Sweeps (Critical Setting):
OFF (Recommended): The projected line is automatically stopped or deleted the moment the price candle wicks or closes past it. This visually confirms that the liquidity at that level has been "swept" or "mitigated."
ON: The line extends indefinitely, treating the level as simple support/resistance, regardless of interaction.
Previous vs. Current View: You can select a checkbox (e.g., Use PREVIOUS London Level) to hide the current session's running levels and only display the static, confirmed high/low from the prior completed session. This helps declutter the chart and focus only on the confirmed structural levels.
Show Older History: Toggle to keep lines from prior days visible, allowing you to track multi-day structural context.
🎯 Trading Application
The lines plotted by the Key Levels indicator provide immediate, actionable information:
Bias Filter: Use the PDH/PDL to determine the overall market context. Trading above the PDH suggests a bullish bias, while trading below the PDL suggests a bearish bias.
Manipulation/Entry: Wait for price to aggressively sweep a Previous Session High/Low (line stops extending). This often signals a liquidity grab or "manipulation" phase. Look for entries in the opposite direction for the main move (Distribution).
Targets: Key levels (especially unmitigated ones) serve as excellent, objective take-profit targets for active trades.
Blue Ocean BOATS 24/5 US Market DataThis script utilizes Blue Ocean's ATS (Alternative Trading System) and U.S. exchange market data to create a continuous candlestick chart. The continuous data has the option to be used as an indicator or strategy source.
Requirements
The main chart symbol (which can be unrelated to the user-input Ticker Symbol) needs to be a 24/7 chart. An example symbol is CRYPTO:BTCUSD. CME_MINI:ES1! and FX:SPX500 work too, but are not truly 24/5 and will miss ~4 hours of the total trading week from the extended U.S. session.
The main chart's timeframe needs to be intraday. Because the script's output is currently inconsistent on daily or higher timeframes, it will disable itself.
The Ticker Symbol chosen should be a ticker that is traded on U.S. exchanges. This will provide both U.S. extended session data and a BOATS equivalent.
Usage & configuration
This script visualizes the 24-hour Monday-Friday chart of a U.S. exchange ticker. Going a step further, it can be used to compare the performance indices or cryptocurrencies to stock constituents of indices, cryptocurrency treasury stocks or holding ETFs.
The script's output, candlesticks, can be overlaid on the main chart or used as is. A "Price Source" plot is used for indicators or strategies.
Ticker Symbol: The U.S. ticker you'd like to view extended session and Blue Ocean ATS session data for.
Price Source: Price source that can be used for indicators or strategies.
Highlight Sessions: Highlight the different trading sessions.
Last Price Line: Show a horizontal line at the last traded price.
Ticker Symbol Check: Plots a label that will display only if the selected Ticker Symbol is not detected as a U.S. exchange traded ticker.
Earnings Label: Creates a label at the time of past earnings of the chosen Ticker Symbol. The time that the earnings are plotted is approximate. Because of this, the label is meant as an explanation for price action.
What this script does and how it works
It creates OHLC candlesticks by merging Blue Ocean's ATS market data and U.S. exchange data. From the OHLC data of both, a single output can be used for indicators or strategies.
References and further information
www.tradingview.com
The Blue Ocean ATS allows trading from 20:00 to 4:00 Eastern Time, Sunday through Thursday. This critical timeframe bridges the eight-hour overnight gap when major U.S. exchanges are closed.
blueocean-tech.io
Blue Ocean ATS, LLC is a US broker dealer which operates the alternative trading system BOATS. Our trading platform offers electronic access, price discovery, compliant regulatory reporting requirements, and standard clearing and settlement processes.
www.nyse.com
Hours mentioned are in Eastern Time.
Overnight trading remains far less active than extended hours trading. The hour with the highest overnight volume is 9:00PM, which averages 2.94 million shares per day and coincides with several Asian market opens. This volume is a fraction of the last hour of extended hours trading, which averages 43.22 million shares. The first hour of pre-core reported volume averages 113.30 million shares per day.
Overnight executions, in addition to the peak in the 9:00PM hour, also exhibits a smaller peak at 3:00AM, of 2.35 million shares. This coincides with several Asian bourses’ end of their regular trading day.
Example of using the script in the main chart window and the difference in how RSI may be calculated.
Note: ATS is not the name of the 20:00 to 4:00 ET session itself, and the term refers to a broader definition of trading systems that include dark pools, which can be different.
24/5 Monday-Friday really means NY time Sunday night to Friday afternoon.
Momentum Reversal StrategyBEST USE IN 15MIN TIME FRAME EURUSD / XAUSUD
1. Strategy Overview
This strategy hunts short-term momentum reversals at key levels during high-liquidity sessions.
Timeframes: 5-minute for entries; 15-minute for trend context
Sessions: London for EUR/USD & GBP/USD; New York for XAU/USD
Pairs: EUR/USD, GBP/USD, XAU/USD
Indicators (3 max):
EMA(20) and EMA(50) (close)
MACD (12, 26, 9) histogram
Optional: RSI(14) (for divergence filter)
2. Entry Rules
Trend Filter (15 min):
Long only if EMA20 > EMA50; short only if EMA20 < EMA50.
Price-Action Zone (5 min):
Identify recent swing high/low within past 20 bars.
Draw horizontal support (for longs) or resistance (for shorts).
Indicator Alignment (5 min):
MACD histogram crossing from negative to positive for longs, positive to negative for shorts.
Candle close beyond EMA20 in direction of trade.
Candle Confirmation:
Bullish engulfing or hammer at support for longs; bearish engulfing or shooting star at resistance for shorts.
Entry Execution:
Place market order on candle close that meets all above.
3. Exit Rules
Stop-Loss (SL):
Long: 1.5× ATR(14) below entry candle low.
Short: 1.5× ATR(14) above entry candle high.
Take-Profit (TP):
Set at 2× SL distance (RR 1:2).
Trailing SL:
After price moves 1× SL in profit, trail SL to breakeven.
Partial Booking:
Close 50% at 1× SL (50% of TP), move SL to entry.
Close remaining at full TP.
4. Trade Management
False Signal Filter: Skip trades when RSI(14) > 70 for longs or < 30 for shorts (avoids overbought/oversold extremes).
One Trade at a Time: No multiple positions on same pair.
Session Cutoff: Close any open trade 15 minutes before session end.
5. Risk Parameters
Risk per Trade: 1% of account equity.
Reward Target: ≥2% (1:2 RR) per trade.
Win-Rate Expectancy: ≥75% based on indicator confluence and price-action confirmation.
Session Extremes High/Low ZonesThis indicator highlights the High and Low of the three main trading sessions: Asia, London, and New York, based on configurable time ranges and UTC offset.
It also displays the previous day's and previous week's High and Low as dynamic lines with labels for reference.
🛠️ Features:
Customizable session times (HHMM-HHMM format)
Adjustable UTC offset for correct timezone alignment
Styling options for line colors, widths, styles and transparency
Optional session range shading
🔎 Ideal for traders who use intraday support/resistance levels or want to visualize volatility zones during different sessions.
Built with Pine Script v5. No alerts or trading signals included.
This script is intended for educational and informational purposes only.
Multi-Session ORBThe Multi-Session ORB Indicator is a customizable Pine Script (version 6) tool designed for TradingView to plot Opening Range Breakout (ORB) levels across four major trading sessions: Sydney, Tokyo, London, and New York. It allows traders to define specific ORB durations and session times in Central Daylight Time (CDT), making it adaptable to various trading strategies.
Key Features:
1. Customizable ORB Duration: Users can set the ORB duration (default: 15 minutes) via the inputMax parameter, determining the time window for calculating the high and low of each session’s opening range.
2. Flexible Session Times: The indicator supports user-defined session and ORB times for:
◦ Sydney: Default ORB (17:00–17:15 CDT), Session (17:00–01:00 CDT)
◦ Tokyo: Default ORB (19:00–19:15 CDT), Session (19:00–04:00 CDT)
◦ London: Default ORB (02:00–02:15 CDT), Session (02:00–11:00 CDT)
◦ New York: Default ORB (08:30–08:45 CDT), Session (08:30–16:00 CDT)
3. Session-Specific ORB Levels: For each session, the indicator calculates and tracks the high and low prices during the specified ORB period. These levels are updated dynamically if new highs or lows occur within the ORB timeframe.
4. Visual Representation:
◦ ORB high and low lines are plotted only during their respective session times, ensuring clarity.
◦ Each session’s lines are color-coded for easy identification:
▪ Sydney: Light Yellow (high), Dark Yellow (low)
▪ Tokyo: Light Pink (high), Dark Pink (low)
▪ London: Light Blue (high), Dark Blue (low)
▪ New York: Light Purple (high), Dark Purple (low)
◦ Lines are drawn with a linewidth of 2 and disappear when the session ends or if the timeframe is not intraday (or exceeds the ORB duration).
5. Intraday Compatibility: The indicator is optimized for intraday timeframes (e.g., 1-minute to 15-minute charts) and only displays when the chart’s timeframe multiplier is less than or equal to the ORB duration.
How It Works:
• Session Detection: The script uses the time() function to check if the current bar falls within the user-defined ORB or session time windows, accounting for all days of the week.
• ORB Logic: At the start of each session’s ORB period, the script initializes the high and low based on the first bar’s prices. It then updates these levels if subsequent bars within the ORB period exceed the current high or fall below the current low.
• Plotting: ORB levels are plotted as horizontal lines during the respective session, with visibility controlled to avoid clutter outside session times or on incompatible timeframes.
Use Case:
Traders can use this indicator to identify key breakout levels for each trading session, facilitating strategies based on price action around the opening range. The flexibility to adjust ORB and session times makes it suitable for various markets (e.g., forex, stocks, or futures) and time zones.
Limitations:
• The indicator is designed for intraday timeframes and may not display on higher timeframes (e.g., daily or weekly) or if the timeframe multiplier exceeds the ORB duration.
• Time inputs are in CDT, requiring users to adjust for their local timezone or market requirements.
• If you need to use this for GC/CL/SPY/QQQ you have to adjust the times by one hour.
This indicator is ideal for traders focusing on session-based breakout strategies, offering clear visualization and customization for global market sessions.
Weekday Signal [QuantAlchemy]### Weekday Signal Indicator
#### Overview
The "Weekday Signal " indicator offers a method for triggering entry and exit signals based on specific weekdays and defined trading sessions. This allows traders to tailor their strategies to time slots and days, ensuring strategic execution and optimal trading periods.
Additionally, this indicator exposes signals for external use in other scripts, enabling integration with additional trading strategies or indicators, thereby enhancing its utility and flexibility for trading systems.
#### Definitions
- **Weekday Signal**: An indicator designed to trigger entry and exit signals based on specific weekdays within defined trading sessions.
- **Time Zone**: The local or preferred time zone setting to match market hours across global exchanges.
- **Trading Session**: The specific hours within a day when the trading signals are active.
#### Plots
- **Enter Signal**: Plots a signal when the conditions for entering a trade are met.
- **Exit Signal**: Plots a signal when the conditions for exiting a trade are met.
#### Properties
- **Flexible Time Zones**: Allows users to set their preferred time zone to align with global market hours.
- **Customizable Entry and Exit Days**: Users can select specific weekdays for entry and exit signals.
- **Defined Trading Sessions**: Users can define trading session hours to restrict signals to optimal market times.
- **Visual Indicators**: Provides clear visual plots and background colors on the chart to indicate when entry and exit criteria are met.
- **Dual Group Configuration**: Separate controls for entry and exit setups, offering flexibility in managing trading signals.
#### How to Read
1. **Green Background**: Indicates a potential entry signal.
2. **Red Background**: Indicates a potential exit signal.
3. **Status Line and Data Window**: Shows a value of 1 when an entry or exit condition is met and 0 otherwise.
#### Proposed Interpretations
- **Entry Signals**: When the background turns green and the status line/data window shows a value of 1, it indicates a potential time to enter a trade based on the selected weekday and session.
- **Exit Signals**: When the background turns red and the status line/data window shows a value of 1, it indicates a potential time to exit a trade based on the selected weekday and session.
#### Essential Knowledge
- **Weekdays and Trading Sessions**: Understanding the significance of specific trading days and sessions can help in optimizing trade timings.
- **Time Zones**: Correctly setting the time zone ensures alignment with market hours and accurate signal generation.
#### Deeper Concepts
- **Signal Filtering**: The script uses the `time_filter` library to determine if the current time falls within the defined entry or exit periods.
#### Typical Use Cases
- **Intraday Trading**: Traders who want to restrict their trades to specific weekdays and trading sessions.
- **Strategy Integration**: Users can integrate the signals from this indicator into broader trading strategies or other Pine Scripts using the signals as an external reference to an input.
#### Limitations
- **Time Zone Settings**: Incorrect time zone settings can lead to misaligned signals.
- **Trading Sessions**: Signals are limited to the defined trading session hours, which may not cover all market conditions.
#### Final Thoughts
The "Weekday Signal " indicator is a tool for traders looking to refine their entry and exit points based on specific days and sessions. By leveraging customizable time zones and trading sessions, traders can refine their strategic execution.
#### Disclaimer
This indicator is for educational purposes only and should not be construed as financial advice. Trading involves risk, and you should consult with a qualified financial advisor before making any trading decisions.
RTH/ETH Session RangesSimple script that adds a table to the bottom left of the chart - shows the high and low of the Full Session with range, and shows the high and low of the RTH/USA session with same calculations.
This simple script enhances your charting experience by adding a comprehensive table to the bottom left corner of your trading chart. The table is designed to provide key market data at a glance, specifically focusing on the high and low metrics for different trading sessions. Here's a breakdown of what the script offers:
Features of the Script
Full Session Data:
High: The highest price point reached during the entire trading session.
Low: The lowest price point reached during the entire trading session.
Range: The difference between the high and low prices, providing insight into the session's volatility.
RTH/USA Session Data (Regular Trading Hours):
High: The highest price point reached during the RTH, typically reflecting the most active part of the trading day.
Low: The lowest price point reached during the RTH.
Range: The difference between the high and low prices during the RTH, indicating the session's intraday volatility.
How to Use the Script for Trading
Identify Key Levels:
Use the high and low points to identify significant support and resistance levels. These levels can guide your entry and exit points, helping you make informed trading decisions.
Gauge Market Volatility:
The range values for both the Full Session and RTH provide a quick snapshot of market volatility. Higher ranges suggest more significant price movements, which can inform your risk management strategies and position sizing.
Compare Sessions:
By comparing the Full Session data with the RTH data, you can identify differences in price behavior between the broader market hours and the more active trading periods. This comparison can help in understanding market dynamics and planning trades accordingly.
Unique Aspects of the Script
Ease of Access: The table's placement in the bottom left corner ensures that it is always visible without obstructing the main chart view, allowing for quick reference without disrupting your analysis.
Comprehensive Insights: By covering both the Full Session and RTH, the script provides a holistic view of the market, catering to traders who focus on different timeframes.
Customization Potential: Although simple, the script can be customized further to include additional metrics or visual tweaks to better suit individual trading strategies.
Practical Example
Imagine you're trading a particular stock and want to decide on a potential breakout strategy. By using this script, you can quickly identify the high of the Full Session as a potential breakout point. If the price approaches this level during the RTH, you can prepare to enter a trade with the confidence that this level has previously acted as a significant resistance. Conversely, knowing the low of the RTH can help you set stop-loss orders to manage risk effectively.
Breaking Bar [5ema]I reused some functions, made by (i believe that):
@LeviathanCapital: Market Sessions.
-----
How to use?
More suitable for Scalping
1. Plan A: Break out the highest bar
Find the bar with the largest range (high – low) and high volume of the previous N bars.
When the price close breaks down to highest bar, give a SELL signal.
When the price close breaks up the highest, give a BUY signal.
2. Plan B: Break out the bar opened market
The price close breaks through the open bar, give a Buy and Sell signal.
Market sessions: Tokyo, London, Sydney, New York.
-----
How to set up?
Choose the plan.
Lookback bar to find highest bar.
Right bar: What position of signal will appear from the open market bar (or high bar).
Number break: The maximum bars have price close breaked before giving signal.
Session time: The open and close of market.
-----
This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
EMA20 Cross Strategy with countertrades and signalsEMA20 Cross Strategy Documentation
Overview
The EMA20 Cross Strategy with Counter-Trades and Instant Signals is a Pine Script (version 6) trading strategy designed for the TradingView platform. It implements an Exponential Moving Average (EMA) crossover system to generate buy and sell signals, with optional trend filtering, session-based trading, instant signal processing, and visual/statistical feedback. The strategy supports counter-trades (closing opposing positions before entering new ones) and operates with a fixed trade size in EUR.
Features
EMA Crossover Mechanism:
Uses a short-term EMA (configurable length, default: 1) and a long-term EMA (default: 20) to detect crossovers.
A buy signal is generated when the short EMA crosses above the long EMA.
A sell signal is generated when the short EMA crosses below the long EMA.
Instant Signals:
If enabled (useInstantSignals), signals are based on the current price crossing the short EMA, rather than waiting for the candle close.
This allows faster trade execution but may increase sensitivity to price fluctuations.
Trend Filter:
Optionally filters trades based on the trend direction (useTrendFilter).
Long trades are allowed only when the short EMA (or price, for instant signals) is above the long EMA.
Short trades are allowed only when the short EMA (or price) is below the long EMA.
Session Filter:
Restricts trading to specific market hours (sessionStart, default: 09:00–17:00) if enabled (useSessionFilter).
Ensures trades occur only during active market sessions, reducing exposure to low-liquidity periods.
Customizable Timeframe:
The EMA calculations can use a higher timeframe (e.g., 5m, 15m, 1H, 4H, 1D, default: 1H) via request.security.
This allows the strategy to base signals on longer-term trends while operating on a shorter-term chart.
Trade Management:
Fixed trade size of €100,000 per trade (tradeAmount), with a maximum quantity cap (maxQty = 10,000) to prevent oversized trades.
Counter-trades: Closes short positions before entering a long position and vice versa.
Trades are executed with a minimum quantity of 1 to ensure valid orders.
Visualization:
EMA Lines: The short EMA is colored based on the last signal (green for buy, red for sell, gray for neutral), and the long EMA is orange.
Signal Markers: Displays buy/sell signals as arrows (triangles) above/below candles if enabled (showSignalShapes).
Background/Candle Coloring: Optionally colors the chart background or candles green (bullish) or red (bearish) based on the trend (useColoredBars).
Statistics Display:
If enabled (useStats), a label on the chart shows:
Total closed trades
Open trades
Win rate (%)
Number of winning/losing trades
Profit factor (gross profit / gross loss)
Net profit
Maximum drawdown
Configuration Inputs
EMA Short Length (emaLength): Length of the short-term EMA (default: 1).
Trend EMA Length (trendLength): Length of the long-term EMA (default: 20).
Enable Trend Filter (useTrendFilter): Toggles trend-based filtering (default: true).
Color Candles (useColoredBars): Colors candles instead of the background (default: true).
Enable Session Filter (useSessionFilter): Restricts trading to specified hours (default: false).
Trading Session (sessionStart): Defines trading hours (default: 09:00–17:00).
Show Statistics (useStats): Displays performance stats on the chart (default: true).
Show Signal Arrows (showSignalShapes): Displays buy/sell signals as arrows (default: true).
Use Instant Signals (useInstantSignals): Generates signals based on live price action (default: false).
EMA Timeframe (emaTimeframe): Timeframe for EMA calculations (options: 5m, 15m, 1H, 4H, 1D; default: 1H).
Strategy Logic
Signal Generation:
Standard Mode: Signals are based on EMA crossovers (short EMA crossing long EMA) at candle close.
Instant Mode: Signals are based on the current price crossing the short EMA, enabling faster reactions.
Trade Execution:
On a buy signal, closes any short position and opens a long position.
On a sell signal, closes any long position and opens a short position.
Position size is calculated as the minimum of €100,000 or available equity, divided by the current price, capped at 10,000 units.
Filters:
Trend Filter: Ensures trades align with the trend direction (if enabled).
Session Filter: Restricts trades to user-defined market hours (if enabled).
Visual Feedback
EMA Lines: Provide a clear view of the short and long EMAs, with the short EMA’s color reflecting the latest signal.
Signal Arrows: Large green triangles (buy) below candles or red triangles (sell) above candles for easy signal identification.
Chart Coloring: Highlights bullish (green) or bearish (red) trends via background or candle colors.
Statistics Label: Displays key performance metrics in a label above the chart for quick reference.
Usage Notes
Initial Capital: €100,000 (configurable via initial_capital).
Currency: EUR (set via currency).
Order Processing: Orders are processed at candle close (process_orders_on_close=true) unless instant signals are enabled.
Dynamic Requests: Allows dynamic timeframe adjustments for EMA calculations (dynamic_requests=true).
Platform: Designed for TradingView, compatible with any market supported by the platform (e.g., stocks, forex, crypto).
Example Use Case
Scenario: Trading on a 5-minute chart with a 1-hour EMA timeframe, trend filter enabled, and session filter set to 09:00–17:00.
Behavior: The strategy will:
Calculate EMAs on the 1-hour timeframe.
Generate buy signals when the short EMA crosses above the long EMA (and price is above the long EMA).
Generate sell signals when the short EMA crosses below the long EMA (and price is below the long EMA).
Execute trades only during 09:00–17:00.
Display green/red candles and performance stats on the chart.
Limitations
Instant Signals: May lead to more frequent signals, increasing the risk of false positives in volatile markets.
Fixed Trade Size: Does not adjust dynamically based on market conditions beyond equity and max quantity limits.
Session Filter: Simplified and may not account for complex session rules or holidays.
Statistics: Displayed on-chart, which may clutter the view in smaller charts.
Customization
Adjust emaLength and trendLength to suit different market conditions (e.g., shorter for scalping, longer for swing trading).
Toggle useInstantSignals for faster or more stable signal generation.
Modify sessionStart to align with specific market hours.
Disable useStats or showSignalShapes for a cleaner chart.
This strategy is versatile for both manual and automated trading, offering flexibility for various markets and trading styles while providing clear visual and statistical feedback.
Session Filter [Trendoscope]🎲 Session Filter: A Customisable Trading Indicator for Defining Preferred Trade Sessions
Session Filter is a simple trading indicator that enables traders to define their preferred trading sessions and optimise their approach based on individual preferences. By providing a range of flexible customisation options, Session Filter can help traders reduce risk, increase accuracy, by helping them to adhere to their trading sessions. Features include
🎯 Customisable Trading Sessions
One of the key features of Session Filter is the ability to select from four different trading sessions. These sessions are designed to be flexible, making it easy to tailor your approach to specific markets, assets, and trading styles. By selecting the sessions that are most relevant to your strategy, you can reduce the risk of making trades during less favourable market conditions.
For example, if you prefer to trade during the Asian session, you can set the session times to "Asian Session" in input settings. This will highlight the specific times when the Asian markets are open, allowing you to focus your trading activity during these periods. By doing so, you can avoid trading during times when the market is less active or more volatile.
🎯 Customisable Timezone and Days of the Week:
In addition to customisable trading sessions, Session Filter also allows users to select a timezone and specific days of the week. This ensures that the displayed trading zones and signals are aligned with your local time, and that you can tailor your approach to your preferred schedule. This is particularly useful for traders who have other commitments, or who prefer to focus on specific markets or assets on certain days.
For example, if you are based in New York and prefer to trade during the European session, you can select the "European Session" option in Session Filter and adjust the timezone to reflect your local time. You can also select specific days of the week when you prefer to trade during the European session, such as Tuesday through Thursday. This allows you to optimize your approach based on your personal preferences and schedule.
🎯 Easy Visual Interpretation:
Session Filter uses green and red overlays on the chart to indicate the trading zones, making it easy for users to visually identify their trading sessions
For example, when a green overlay is displayed on the chart, this indicates that the market is within the selected trading session and that it may be a good time to start trade. Conversely, when a red overlay is displayed, this indicates that the market is outside of the selected trading session and that it may be a good time close all trading. By providing this visual feedback, Session Filter helps traders stay focused and disciplined, and avoid making impulsive trading decisions.
🎯Force Exit Signal for Risk Management:
Session Filter also offers the ability to generate a force exit signal when not in any of the selected sessions. This can be used in conjunction with alerts to exit all trades outsize session zone.
For example, if you are using Session Filter to trade during the European session, but the market is particularly volatile during a specific day, the force exit signal will be generated to indicate that it may be a good time to exit your trade. This helps you avoid potential losses and stay disciplined during periods of market turbulence.
🎯External Signal Plots:
In addition to the chart overlays, Session Filter also plots signals on the data window that can be used as external inputs in other indicators and strategies. This feature allows traders to incorporate the signals generated by Session Filter into their existing trading systems and this can be used as additional filters on an existing strategy or methodology.
🎯Alerts using Alert Conditions
Alerts are provided for start and end of session so that users can make use of it to set auto turn on or off their bots.
Settings are pretty simple and are explained here.
Macro Times [Blu_Ju]About ICT Macro Times:
The Inner Circle Trader (ICT) has taught that there are certain time sessions when the Interbank Price Delivery Algorithm (IPDA) is running a macro. The macro itself could be a repricing macro, a consolidation macro, etc. - this depends on where price currently is in relation to its draw. The times the macro is active do not change however, and are always the following (in New York local time):
8:50-9:10 (premarket macro)
9:50-10:10 (AM macro 1)
10:50-11:10 (AM macro 2)
11:50-12:10 (lunch macro)
13:10-13:40 (PM macro)
15:15-15:45 (final hour macro)
Because these times are fixed, traders can anticipate a setup is likely to form in or around these sessions. Setups may involve sweeps of liquidity (highs/lows), repricing to inefficiencies (e.g., fair value gaps), breaker setups, etc. (The specific setup involved is beyond the scope of this script; this script is concerned with visually marking the time sessions only.)
About this Script:
The scope of this script is to visually identify the macro active time sessions. This script draws vertical lines to mark the start and end of the macro time sessions. Optionally, the user can use a background color for the macro session with or without the vertical lines. The user can also toggle on or off any of the macro sessions, if he or she is only interested in certain ones. The user also has the freedom to change the times of the macro sessions if he or she is interested in a different time.
What makes this script unique is that it plots the macro time sessions after midnight for each day, before the real-time bar reaches the macro times. This is advantageous to the trader, as it gives the trader a visual cue that the macro times are approaching. When watching price it is easy to lose track of time, and the purpose of this script is to help the trader maintain where price is in relation to the macro time sessions in a simple, visual way.
Power Hour Trendlines [LuxAlgo]The Power Hour Trendlines indicator is based on Power Hours detection, and includes up to three displayed trendlines derived from the closing prices of all the bars within the last user-selected Power Hours.
Users can edit the time of Power Hours, choose how many sessions to take into account, enable or disable any trendlines, and change their colors.
🔶 USAGE
The Power Hour is defined as the last hour of the trading session and is set by default from 3:00 p.m. to 4:00 p.m. New York time. During this period, volume and volatility enter the market. Traders using higher timeframes may use this period to enter or exit positions by placing MOC (Market on Close) orders.
This tool works under the hypothesis that prices made during power hours (periods with high trading activity) are more relevant when used for the construction of trendlines.
An initial trendline is fit using linear regression; prices from power hours located above this initial fit are used for the upper trendline, while the ones below the fit are used for the lower one.
As with any trendline, traders can analyze the slope to determine the market's direction:
Positive slope: The market is trending up.
Negative slope: The market is trending down.
No slope: The market is trending sideways.
As we can see in the image, Nasdaq and Bitcoin are clearly in downtrends, gold is clearly in an uptrend, and the euro/U.S. dollar is in a sideways market over the last visible sessions.
As you can see, the trend lines may or may not be parallel to each other. The wider the area, the more volatile the data. The narrower the area, the less volatile the data. Let's look at an example.
In the image, the Dow30 and the euro/U.S. dollar have opposite behaviors. The volatility above the middle trendline is growing in the first case but shrinking in the second. In both cases, the volatility in the bottom area seems steady, so there are no big surprises there.
Traders can adjust the number of sessions for calculations, making the tool ideal for analyzing price behavior over different time frames.
As the image shows, we can clearly see how the market behaves over different time periods. XLY has been moving down over the last 10, 20, and 40 sessions, with a steeper decline over shorter periods. However, it has been moving sideways over the last 70 sessions.
One of the main uses of trendlines is to provide key support and resistance. In the image, SPY is shown with trendlines over the last 20 sessions. These lines provide excellent reference points for trading and observing price behavior in those areas, such as whether prices are accepted or rejected, which may trigger a response from other traders.
🔹 Not Allowed Timeframes
For obvious reasons, timeframes larger than 1H are not allowed. The Power Hour is defined as the last hour of the trading session. The tool will display a warning message if the timeframe is longer than 60 minutes.
🔶 SETTINGS
Power Hour (NY Time): Choose a custom Power Hour in New York time
Sessions Memory: Select how many Power Hours to take into account for calculations.
🔹 Style
Top: Enable or disable the top line and choose the line and background colors.
Middle: Enable or disable the middle line and choose the line color.
Bottom: Enable or disable the bottom line and choose the line and background colors.
Background: Enable or disable the background color for top and bottom lines.
Session Opening Bar RangeSession Opening Bar Range (OBR) - Advanced Opening Range Indicator with Statistical Analysis
Overview
The Session First Bar Range (FBR) indicator is a comprehensive tool that captures and projects key levels based on the first bar of a user-defined trading session. Unlike traditional daily opening range indicators, this script allows traders to focus on specific session windows (New York RTH, London, Asia, etc.) and analyze price behavior relative to the initial momentum established in that session's opening bar.
What makes this indicator unique is its combination of three distinct projection methodologies: statistical analysis based on historical range data, Fibonacci extensions, and fixed-point rotation levels commonly used by institutional traders. To our knowledge, this is the only opening range indicator that incorporates statistical standard deviation levels calculated from historical first bar ranges, making it both a technical and probabilistic tool.
Core Concept
The opening range concept is based on the principle that the initial price action of a trading session often sets the tone for the remainder of that session.
Professional traders have long observed that:
The first bar's high and low act as key reference points
Price often respects or breaks these levels with significance
Expansion beyond the opening range tends to occur in measurable increments
This indicator takes these observations and enhances them with:
Historical probability analysis - "Based on the last 60 sessions, price typically extends X standard deviations beyond the opening range"
Proportional projections - Fibonacci-based extensions showing where measured moves typically target
Fixed-point rotations - Institutional rotation levels (e.g., 65 points for NQ, 15 points for ES)
How It Works
Session Detection & First Bar Capture
The indicator uses Pine Script's time() function with timezone support to precisely detect when a trading session begins. When the first bar of the selected timeframe occurs within the session window, the script captures:
High (H): The high of the first bar
Low (L): The low of the first bar
Mid (M): The midpoint (hl2) of the first bar
Critical Detail: These levels are fixed from the first bar only - they do not update as the session progresses. This differs from many "opening range" indicators that use a time period (e.g., first 30 minutes). Here, you select the bar timeframe (default 5-minute), and only that single first bar's range is captured.
Statistical Level Calculation
The indicator maintains a rolling array of the last N session's first bar ranges (default: 60 sessions). For each new session, it calculates:
Average Range: Mean of historical first bar ranges
Standard Deviation: Volatility of those ranges
Projection Levels: High/Low ± (Average Range + Std Dev × Multiplier)
This provides probability-based levels. For example, a +2σ level suggests: "Historically, price extending this far beyond the opening range is a 2-standard-deviation event (approximately 95th percentile)."
Fibonacci Extensions
Using the first bar range as the base unit (100%), the indicator projects Fibonacci levels:
100% extension: One full range above the high / below the low
1.618x extension: (Default) Golden ratio projection
2.618x, 3.618x extensions: Additional Fibonacci levels
Calculation: Range = H - L, then Target = H + (Range × Multiplier) for upside projections.
OR Rotation Levels
These are fixed-point increments from the first bar's high and low. Unlike percentage-based methods, rotations use absolute point values:
NQ traders often use 65-point increments
ES traders often use 15-point increments
Gold/bonds use different values
The indicator draws 5 levels above the high (R+1 through R+5) and 5 below the low (R-1 through R-5), each separated by your specified point increment.
Features:
Session Options
Pre-configured Sessions:
New York RTH (9:30am - 4:00pm)
New York Futures (8:00am - 5:00pm)
London (2:00am - 8:00am)
Asia (7:00pm - 2:00am)
Midnight to 5pm
ZB/Gold/Silver OR (8:20am - 4:00pm)
CL OR (9:00am - 4:00pm)
Custom Session: Define your own start/end times in HHMM format
Timezone Support: All sessions respect the selected timezone (default: America/New_York)
Customizable Timeframe
Select any timeframe for the first bar (1min, 5min, 15min, etc.)
Default: 5-minute bars
Important: This is the timeframe for the first bar capture, independent of your chart's timeframe
Display Options
Historical Ranges: Show/hide past session ranges (with configurable limit to manage performance)
Line Styles: Choose between Solid, Dashed, or Dotted for range lines and midline
Label Position: Left or Right side of range
Show Prices: Optionally display actual price values on labels
Custom Colors: Fully customizable colors for all components
Statistical Levels
Lookback Period: Number of historical sessions to analyze (default: 60)
Two Multiplier Levels: Default 1σ and 2σ, fully adjustable
Separate styling: Different line styles (dashed vs dotted) for each sigma level
Optional Labels: Show/hide sigma notation labels
Fibonacci Extensions
Four Extension Levels: 100%, 1.618x, 2.618x, 3.618x (all customizable)
Bidirectional: Projections both above and below the opening range
Optional Labels: Toggle percentage/multiplier labels
OR Rotation Levels
Configurable Increment: Set the point value for your instrument
Five Levels Each Direction: R±1 through R±5
Dynamic Labels: Show both rotation number and point value (e.g., "R+1 (65)")
Three Line Styles: Solid, Dashed, or Dotted
How to Use
Setup
Add the indicator to your chart
Select your trading session from the dropdown
Set the timeframe for first bar capture (typically 5-15 minutes)
Configure which projection methods you want to see (Statistical, Fibonacci, and/or Rotations)
For Day Traders
Scenario: Trading NQ during New York RTH
Session: Select "New York RTH (9:30am - 4:00pm)"
Timeframe: 5-minute (captures 9:30-9:35 bar)
Enable: OR Rotations with 65-point increments
Strategy:
Watch for acceptance/rejection at rotation levels
Use R+1/R-1 as initial profit targets
R+2/R-2 as extended targets
Statistical levels show when price is in "outlier" territory
and rotation levels
Performance Notes
The indicator limits objects to stay within TradingView's constraints (500 max)
If you enable all features, reduce "Maximum Historical Ranges" to prevent slowdown
Typical configuration: 10-20 historical ranges with all features enabled works well
Settings Guide
Session Settings
Session: Choose from pre-configured sessions or "Custom"
Custom Session Start/End: HHMM format (e.g., "0930" for 9:30am)
Timezone: Critical for accurate session detection
Opening Bar Format
Timeframe: The bar size for capturing the first bar's range
Show Midline: Toggle the mid-point line
Show Historical Ranges: Display previous sessions (recommended: leave ON)
Maximum Historical Ranges: Limit history to manage performance (1-500)
Range Style / MidLine Style: Solid, Dashed, or Dotted
Position: Label placement (Left or Right)
Show Prices: Include actual price values on labels
Statistical Levels
Lookback Periods: How many historical first bar ranges to analyze (default: 60)
Std Dev Multiplier 1/2: The sigma levels to project (default: 1.0 and 2.0)
All visual settings (colors, line width, label size)
Fibonacci Extensions
Show Fib Extensions: Enable/disable Fibonacci projections
Measured Move Extensions 1-4: The multipliers (default: 1.618, 2.618, 3.618, 4.618)
Visual customization options
OR Rotations
Rotation Increment: The point value for your instrument
NQ: 65 points
ES: 15 points
Adjust for other instruments based on their typical rotation behavior
Show Rotation Labels: Display level numbers and point values
Visual customization options
Use Cases
Gap Trading: When price gaps away from previous day's close, the first bar range shows the initial gap acceptance/rejection zone
Breakout Confirmation: Price breaking and holding above the first bar high with volume suggests trend day potential. Rotation levels provide measured targets.
Reversal Identification: Price reaching +2σ statistical level = rare event, potential exhaustion
Range Bound Days: Price oscillating between first bar high/low suggests range-bound session; trade reversals at extremes
Institutional Level Awareness: OR Rotations at 65 points (NQ) align with levels professional traders watch
Technical Notes
The indicator uses request.security() with lookahead=barmerge.lookahead_on to ensure the first bar levels are captured correctly
All drawing objects (lines, labels, fills) are managed in arrays with automatic cleanup to prevent memory issues
The statistical calculations use array.avg() and array.stdev() for accurate probability estimates
Rotation levels use individual line variables (like Fibonacci) rather than loops for reliability
Summary
This indicator is original in its combination of three distinct methodologies for projecting levels from a session's opening range:
Statistical Analysis - No other opening range indicator (to our knowledge) calculates standard deviation projections from historical first bar ranges
Time-Based Session Flexibility - Most OR indicators use only daily or fixed time periods; this allows any custom session window
Multiple Projection Methods - Traders can use statistical, Fibonacci, AND rotation levels together or separately
STOCK EXCHANGE + SILVER BULLET FRAMESThis script is an updated version of the " NY/LDN/TOK Stock Exchange Opening Hours " script.
Objective
Displays global stock exchange sessions (New York, London, Tokyo) with session frames, highs/lows, and opening lines. Includes ICT Silver Bullet windows (NY, London, Tokyo) with configurable shading. Past sessions are frozen at close, ongoing sessions update dynamically until closure, and upcoming sessions are pre-drawn. Fully customizable with options for weekends, labels, padding, opacity, and individual session toggles.
It is designed to help traders quickly interpret market context, liquidity zones, and session-based price behavior.
Main Features
Past sessions (historical data)
• Session Frames:
• Each box is frozen at the session’s close.
• The left edge aligns with the opening time, while the right edge is fixed at the closing time.
• The top and bottom reflect the highest and lowest prices during the session.
• Session Labels:
• Names (NY, LDN, TOK) displayed above the frame, aligned left, in the same color as the frame.
• Opening Lines:
• Vertical dotted lines mark the start of each session.
Ongoing and upcoming sessions (live market)
• Dynamic Session Frames:
• The right edge is locked at the future close time.
• The top and bottom update in real time as new highs and lows form.
• Labels and Lines:
• The session label is visible above the active frame.
• Opening lines are drawn as soon as the session begins.
Silver Bullet Time Windows (ICT concept)
• Highlights key liquidity windows within sessions:
• New York: 10:00–11:00 and 14:00–15:00
• London: 08:00–09:00
• Tokyo: 09:00–10:00
• Silver Bullet zones are shaded with configurable opacity (default 5%).
Customization and Options
• Enable or disable individual sessions (NY, London, Tokyo).
• Toggle weekend display (frames and Silver Bullets).
• Adjust label size, padding, and text visibility.
• Control frame opacity (default 0%).
• Optimized memory management with automatic pruning of old graphical objects.
Range Trading StrategyOVERVIEW
The Range Trading Strategy is a systematic trading approach that identifies price ranges
from higher timeframe candles or trading sessions, tracks pivot points, and generates
trading signals when range extremes are mitigated and confirmed by pivot levels.
CORE CONCEPT
The strategy is based on the principle that when a candle (or session) closes within the
range of the previous candle (or session), that previous candle becomes a "range" with
identifiable high and low extremes. When price breaks through these extremes, it creates
trading opportunities that are confirmed by pivot levels.
RANGE DETECTION MODES
1. HTF (Higher Timeframe) Mode:
Automatically selects a higher timeframe based on the current chart timeframe
Uses request.security() to fetch HTF candle data
Range is created when an HTF candle closes within the previous HTF candle's range
The previous HTF candle's high and low become the range extremes
2. Sessions Mode:
- Divides the trading day into 4 sessions (UTC):
* Session 1: 00:00 - 06:00 (6 hours)
* Session 2: 06:00 - 12:00 (6 hours)
* Session 3: 12:00 - 20:00 (8 hours)
* Session 4: 20:00 - 00:00 (4 hours, spans midnight)
- Tracks high, low, and close for each session
- Range is created when a session closes within the previous session's range
- The previous session's high and low become the range extremes
PIVOT DETECTION
Pivots are detected based on candle color changes (bullish/bearish transitions):
1. Pivot Low:
Created when a bullish candle appears after a bearish candle
Pivot low = minimum of the current candle's low and previous candle's low
The pivot bar is the actual bar where the low was formed (current or previous bar)
2. Pivot High:
Created when a bearish candle appears after a bullish candle
Pivot high = maximum of the current candle's high and previous candle's high
The pivot bar is the actual bar where the high was formed (current or previous bar)
IMPORTANT: There is always only ONE active pivot high and ONE active pivot low at any
given time. When a new pivot is created, it replaces the previous one.
RANGE CREATION
A range is created when:
(HTF Mode) An HTF candle closes within the previous HTF candle's range AND a new HTF
candle has just started
(Sessions Mode) A session closes within the previous session's range AND a new session
has just started
Or Range Can Be Created when the Extreme of Another Range Gets Mitigated and We Have a Pivot low Just Above the Range Low or Pivot High just Below the Range High
Range Properties:
rangeHigh: The high extreme of the range
rangeLow: The low extreme of the range
highStartTime: The timestamp when the range high was actually formed (found by looping
backwards through bars)
lowStartTime: The timestamp when the range low was actually formed (found by looping
backwards through bars)
highMitigated / lowMitigated: Flags tracking whether each extreme has been broken
isSpecial: Flag indicating if this is a "special range" (see Special Ranges section)
RANGE MITIGATION
A range extreme is considered "mitigated" when price interacts with it:
High is mitigated when: high >= rangeHigh (any interaction at or above the level)
Low is mitigated when: low <= rangeLow (any interaction at or below the level)
Mitigation can happen:
At the moment of range creation (if price is already beyond the extreme)
At any point after range creation when price touches the extreme
SIGNAL GENERATION
1. Pending Signals:
When a range extreme is mitigated, a pending signal is created:
a) BEARISH Pending Signal:
- Triggered when: rangeHigh is mitigated
- Confirmation Level: Current pivotLow
- Signal is confirmed when: close < pivotLow
- Stop Loss: Current pivotHigh (at time of confirmation)
- Entry: Short position
Signal Confirmation
b) BULLISH Pending Signal:
- Triggered when: rangeLow is mitigated
- Confirmation Level: Current pivotHigh
- Signal is confirmed when: close > pivotHigh
- Stop Loss: Current pivotLow (at time of confirmation)
- Entry: Long position
IMPORTANT: There is only ever ONE pending bearish signal and ONE pending bullish signal
at any given time. When a new pending signal is created, it replaces the previous one
of the same type.
2. Signal Confirmation:
- Bearish: Confirmed when price closes below the pivot low (confirmation level)
- Bullish: Confirmed when price closes above the pivot high (confirmation level)
- Upon confirmation, a trade is entered immediately
- The confirmation line is drawn from the pivot bar to the confirmation bar
TRADE EXECUTION
When a signal is confirmed:
1. Position Management:
- Any existing position in the opposite direction is closed first
- Then the new position is entered
2. Stop Loss:
- Bearish (Short): Stop at pivotHigh
- Bullish (Long): Stop at pivotLow
3. Take Profit:
- Calculated using Risk:Reward Ratio (default 2:1)
- Risk = Distance from entry to stop loss
- Target = Entry ± (Risk × R:R Ratio)
- Can be disabled with "Stop Loss Only" toggle
4. Trade Comments:
- "Range Bear" for short trades
- "Range Bull" for long trades
SPECIAL RANGES
Special ranges are created when:
- A range high is mitigated AND the current pivotHigh is below the range high
- A range low is mitigated AND the current pivotLow is above the range low
In these cases:
- The pivot value is stored in an array (storedPivotHighs or storedPivotLows)
- A "special range" is created with only ONE extreme:
* If pivotHigh < rangeHigh: Creates a range with rangeHigh = pivotLow, rangeLow = na
* If pivotLow > rangeLow: Creates a range with rangeLow = pivotHigh, rangeHigh = na
- Special ranges can generate signals just like normal ranges
- If a special range is mitigated on the creation bar or the next bar, it is removed
entirely without generating signals (prevents false signals)
Special Ranges
REVERSE ON STOP LOSS
When enabled, if a stop loss is hit, the strategy automatically opens a trade in the
opposite direction:
1. Long Stop Loss Hit:
- Detects when: position_size > 0 AND position_size <= 0 AND low <= longStopLoss
- Action: Opens a SHORT position
- Stop Loss: Current pivotHigh
- Trade Comment: "Reverse on Stop"
2. Short Stop Loss Hit:
- Detects when: position_size < 0 AND position_size >= 0 AND high >= shortStopLoss
- Action: Opens a LONG position
- Stop Loss: Current pivotLow
- Trade Comment: "Reverse on Stop"
The reverse trade uses the same R:R ratio and respects the "Stop Loss Only" setting.
VISUAL ELEMENTS
1. Range Lines:
- Drawn from the time when the extreme was formed to the mitigation point (or current
time if not mitigated)
- High lines: Blue (or mitigated color if mitigated)
- Low lines: Red (or mitigated color if mitigated)
- Style: SOLID
- Width: 1
2. Confirmation Lines:
- Drawn when a signal is confirmed
- Extends from the pivot bar to the confirmation bar
- Bearish: Red, solid line
- Bullish: Green, solid line
- Width: 1
- Can be toggled on/off
STRATEGY SETTINGS
1. Range Detection Mode:
- HTF: Uses higher timeframe candles
- Sessions: Uses trading session boundaries
2. Auto HTF:
- Automatically selects HTF based on current chart timeframe
- Can be disabled to use manual HTF selection
3. Risk:Reward Ratio:
- Default: 2.0 (2:1)
- Minimum: 0.5
- Step: 0.5
4. Stop Loss Only:
- When enabled: Trades only have stop loss (no take profit)
- Trades close on stop loss or when opposite signal confirms
5. Reverse on Stop Loss:
- When enabled: Hitting a stop loss opens opposite trade with stop at opposing pivot
6. Max Ranges to Display:
- Limits the number of ranges kept in memory
- Oldest ranges are purged when limit is exceeded
KEY FEATURES
1. Dynamic Pivot Tracking:
- Pivots update on every candle color change
- Always maintains one high and one low pivot
2. Range Lifecycle:
- Ranges are created when price closes within previous range
- Ranges are tracked until mitigated
- Mitigation creates pending signals
- Signals are confirmed by pivot levels
3. Signal Priority:
- Only one pending signal of each type at a time
- New signals replace old ones
- Confirmation happens on close of bar
4. Position Management:
- Closes opposite positions before entering new trades
- Tracks stop loss levels for reverse functionality
- Respects pyramiding = 1 (only one position per direction)
5. Time-Based Drawing:
- Uses time coordinates instead of bar indices for line drawing
- Prevents "too far from current bar" errors
- Lines can extend to any historical point
USAGE NOTES
- Best suited for trending and ranging markets
- Works on any timeframe, but HTF mode adapts automatically
- Sessions mode is ideal for intraday trading
- Pivot detection requires clear candle color changes
- Range detection requires price to close within previous range
- Signals are generated on bar close, not intra-bar
The strategy combines range identification, pivot tracking, and signal confirmation to
create a systematic approach to trading breakouts and reversals based on price structure, past performance does not in any way predict future performance
Initial Balance Breakout Signals [LuxAlgo]The Initial Balance Breakout Signals help traders identify breakouts of the Initial Balance (IB) range.
The indicator includes automatic detection of IB or can use custom sessions, highlights top and bottom IB extensions, custom Fibonacci levels, and goes further with an IB forecast with two different modes.
🔶 USAGE
The initial balance is the price range made within the first hour of the trading session. It is an intraday concept based on the idea that high volume and volatility enter the market through institutional trading at the start of the session, setting the tone for the rest of the day.
The initial balance is useful for gauging market sentiment, or, in other words, the relationship between buyers and sellers.
Bullish sentiment: Price trades above the IB range.
Mixed sentiment: Price trades within the IB range.
Bearish sentiment: Price trades below the IB range.
The initial balance high and low are important levels that many traders use to gauge sentiment. There are two main ideas behind trading around the IB range.
IB Extreme Breakout: When the price breaks and holds the IB high or low, there is a high probability that the price will continue in that direction.
IB Extreme Rejection: When the price tries to break those levels but fails, there is a high probability that it will reach the opposite IB extreme.
This indicator is a complete Initial Balance toolset with custom sessions, breakout signals, IB extensions, Fibonacci retracements, and an IB forecast. All of these features will be explained in the following sections.
🔹 Custom Sessions and Signals
By default, sessions for Initial Balance and breakout signals are in Auto mode. This means that Initial Balance takes the first hour of the trading session and shows breakout signals for the rest of the session.
With this option, traders can use the tool for open range trading, making it highly versatile. The concept behind open range (OR) is the same as that of initial balance (IB), but in OR, the range is determined by the first minute, three or five minutes, or up to the first 30 minutes of the trading session.
As shown in the image above, the top chart uses the Auto feature for the IB and Breakouts sessions. The bottom chart has the Auto feature disabled to use custom sessions for both parameters. In this case, the first three minutes of the trading session are used, turning the tool into an Open Range trading indicator.
This chart shows another example of using custom sessions to display overnight NASDAQ futures sessions.
The left chart shows a custom session from the Tokyo open to the London open, and the right chart shows a custom session from the London open to the New York open.
The chart shows both the Asian and European sessions, their top and bottom extremes, and the breakout signals from those extremes.
🔹 Initial Balance Extensions
Traders can easily extend both extremes of the Initial Balance to display their preferred targets for breakouts. Enable or disable any of them and set the IB percentage to use for the extension.
As the chart shows, the percentage selected on the settings panel directly affects the displayed levels.
Setting 25 means the tool will use a quarter of the detected initial balance range for extensions beyond the IB extremes. Setting 100 means the full IB range will be used.
Traders can use these extensions as targets for breakout signals.
🔹 Fibonacci Levels
Traders can display default or custom Fibonacci levels on the IB range to trade retracements and assess the strength of market movements. Each level can be enabled or disabled and customized by level, color, and line style.
As we can see on the chart, after the IB was completed, prices were unable to fall below the 0.236 Fibonacci level. This indicates significant bullish pressure, so it is expected that prices will rise.
Traders can use these levels as guidelines to assess the strength of the side trying to penetrate the IB. In this case, the sellers were unable to move the market beyond the first level.
🔹 Initial Balance Forecast
The tool features two different forecasting methods for the current IB. By default, it takes the average of the last ten values and applies a multiplier of one.
IB Against Previous Open: averages the difference between IB extremes and the open of the previous session.
Filter by current day of the week: averages the difference between IB extremes and the open of the current session for the same day of the week.
This feature allows traders to see the difference between the current IB and the average of the last IBs. It makes it very easy to interpret: if the current IB is higher than the average, buyers are in control; if it is lower than the average, sellers are in control.
For example, on the left side of the chart, we can see that the last day was very bullish because the IB was completely above the forecasted value. This is the IB mean of the last ten trading days.
On the right, we can see that on Monday, September 15, the IB traded slightly higher but within the forecasted value of the IB mean of the last ten Mondays. In this case, it is within expectations.
🔶 SETTINGS
Display Last X IBs: Select how many IBs to display.
Initial Balance: Choose a custom session or enable the Auto feature.
Breakouts: Enable or disable breakouts. Choose custom session or enable the Auto feature.
🔹 Extensions
Top Extension: Enable or disable the top extension and choose the percentage of IB to use.
Bottom extension: Enable or disable the bottom extension and choose the percentage of IB to use.
🔹 Fibonacci Levels
Display Fibonacci: Enable or disable Fibonacci levels.
Reverse: Reverse Fibonacci levels.
Levels, Colors & Style
Display Labels: Enable or disable labels and choose text size.
🔹 Forecast
Display Forecast: Select the forecast method.
- IB Against Previous Open: Calculates the average difference between the IB high and low and the previous day's IB open price.
- Filter by Current Day of Week: Calculates the average difference between the IB high and low and the IB open price for the same day of the week.
Forecast Memory: The number of data points used to calculate the average.
Forecast Multiplier: This multiplier will be applied to the average. Bigger numbers will result in wider predicted ranges.
Forecast Colors: Choose from a variety of colors.
Forecast Style: Choose a line style.
🔹 Style
Initial Balance Colors
Extension Transparency: Choose the extension's transparency. 0 is solid, and 100 is fully transparent.
Session Open Range, Breakout & Trap Framework - TrendPredator OBSession Open Range, Breakout & Trap Framework — TrendPredator Open Box
Stacey Burke’s trading approach combines concepts from George Douglas Taylor, Tony Crabel, Steve Mauro, and Robert Schabacker. His framework focuses on reading price behaviour across daily templates and identifying how markets move through recurring cycles of expansion, contraction, and reversal. While effective, much of this analysis requires real-time interpretation of session-based behaviour, which can be demanding for traders working on lower intraday timeframes.
The TrendPredator indicators formalize parts of this methodology by introducing mechanical rules for multi-timeframe bias tracking and session structure analysis. They aim to present the key elements of the system—bias, breakouts, fakeouts, and range behaviour—in a consistent and objective way that reduces discretionary interpretation.
The Open Box indicator focuses specifically on the opening behaviour of major trading sessions. It builds on principles found in classical Open Range Breakout (ORB) techniques described by Tony Crabel, where a defined time window around the session open forms a structural reference range. Price behaviour relative to this range—breaking out, failing back inside, or expanding—can highlight developing session bias, potential trap formation, and directional conviction.
This indicator applies these concepts throughout the major equity sessions. It automatically maps the session’s initial range (“Open Box”) and tracks how price interacts with it as liquidity and volatility increase. It also incorporates related structural references such as:
* the first-hour high and low of the futures session
* the exact session open level
* an anchored VWAP starting at the session open
* automated expansion levels projected from the Open Box
In combination, these components provide a unified view of early session activity, including breakout attempts, fakeouts, VWAP reactions, and liquidity targeting. The Open Box offers a structured lens for observing how price transitions through the major sessions (Asia → London → New York) and how these behaviours relate to higher-timeframe bias defined in the broader TrendPredator framework.
Core Features
Open Box (Session Structure)
The indicator defines an initial session range beginning at the selected session open. This “Open Box” represents a fixed time window—commonly the first 30 minutes, or any user-defined duration—that serves as a structural reference for analysing early session behaviour.
The range highlights whether price remains inside the box, breaks out, or rejects the boundaries, providing a consistent foundation for interpreting early directional tendencies and recognising breakout, continuation, or fakeout characteristics.
How it works:
* At the session open, the indicator calculates the high and low over the specified time window.
* This range is plotted as the initial structure of the session.
* Price behaviour at the boundaries can illustrate emerging bias or potential trap formation.
* An optional secondary range (e.g., 15-minute high/low) can be enabled to capture early volatility with additional precision.
Inputs / Options:
* Session specifications (Tokyo, London, New York)
* Open Box start and end times (e.g., equity open + first 30 minutes, or any custom length)
* Open Box colour and label settings
* Formatting options for Open Box high and low lines
* Optional secondary range per session (e.g., 15-minute high/low)
* Forward extension of Open Box high/low lines
* Number of historic Open Boxes to display
Session VWAPs
The indicator plots VWAPs for each major trading session—Asia, London, and New York—anchored to their respective session opens. These session-specific VWAPs assist in tracking how value develops through the day and how price interacts with session-based volume distributions.
How it works:
* At each session open, a VWAP is anchored to the open price.
* The VWAP updates throughout the session as new volume and price data arrive.
* Deviations above or below the VWAP may indicate balance, imbalance, or directional control.
* Viewed together, session VWAPs help identify transitions in value across sessions.
Inputs / Options:
* Enable or disable VWAP per session
* Adjustable anchor and end times (optionally to end of day)
* Line styling and label settings
* Number of historic VWAPs to draw
First Hour High/Low Extensions
The indicator marks the high and low formed during the first hour of each session. These reference points often function as early control levels and provide context for assessing whether the session is establishing bias, consolidating, or exhibiting reversal behaviour.
How it works:
* After the session starts, the indicator records the highest and lowest prices during the first hour.
* These levels are plotted and extended across the session.
* They provide a visual reference for observing reactions, targets, or rejection zones.
Inputs / Options:
* Enable or disable for each session
* Line style, colour, and label visibility
* Number of historic sessions displayed
EQO Levels (Equity Open)
The indicator plots the opening price of each configured session. These “Equity Open” levels represent short-term reference points that can attract price early in the session.
Once the level is revisited after the Open Box has formed, it is automatically cut to avoid clutter. If not revisited, the line remains as an untested reference, similar to a naked point of control.
How it works:
* At session open, the open price is recorded.
* The level is plotted as a local reference.
* If price interacts with the level after the Open Box completes, the line is cut.
* Untested EQOs extend forward until interacted with.
Inputs / Options:
* Enable/disable per session
* Line style and label settings
* Optional extension into the next day
* Option for cutting vs. hiding on revisit
* Number of historic sessions displayed
OB Range Expansions (Automatic)
Range expansions are calculated from the height of the Open Box. These levels provide structured reference zones for identifying potential continuation or exhaustion areas within a session.
How it works:
* After the Open Box is formed, multiples of the range (e.g., 1×, 2×, 3×) are projected.
* These expansion levels are plotted above and below the range.
* Price reactions near these areas can illustrate continuation, hesitation, or potential reversal.
Inputs / Options:
* Enable or disable per session
* Select number of multiples
* Line style, colour, and label settings
* Extension length into the session
Stacey Burke 12-Candle Window Marker
The indicator can highlight the 12-candle window often referenced in Stacey Burke’s session methodology. This window represents the key active period of each session where breakout attempts, volatility shifts, and reversal signatures often occur.
How it works:
* A configurable window (default 12 candles) is highlighted from each session open.
* This window acts as a guide for observing active session behaviour.
* It remains visible throughout the session for structural context.
Inputs / Options:
* Enable/disable per session
* Configurable window duration (default: 3 hours)
* Colour and transparency controls
Concept and Integration
The Open Box is built around the same multi-timeframe logic that underpins the broader TrendPredator framework.
While higher-timeframe tools track bias and setups across the H8–D–W–M levels, the Open Box focuses on the H1–M30 domain to define session structure and observe how early intraday behaviour aligns with higher-timeframe conditions.
The indicator integrates with the TrendPredator FO (Breakout, Fakeout & Trend Switch Detector), which highlights microstructure signals on lower timeframes (M15/M5). Together they form a layered workflow:
* Higher timeframes: context, bias, and developing setups
* TrendPredator OB: intraday and intra-session structure
* TrendPredator FO: microstructure confirmation (e.g., FOL/FOH, switches)
This alignment provides a structured way to observe how daily directional context interacts with intraday behaviour.
See the public open source indicator TP FO here (click on it for access):
Practical Application
Before Session Open
* Review previous session Open Box, Open level, and VWAPs
* Assess how higher-timeframe bias aligns with potential intraday continuation or reversal
* Note untested EQO levels or VWAPs that may function as liquidity attractors
During Session Open
* Observe behaviour around the first-hour high/low and higher-timeframe reference levels
* Monitor how the M15 and 30-minute ranges close
* Track reactions relative to the session open level and the session VWAP
After the Open Box completes
* Assess price interaction with Open Box boundaries and first-hour levels
* Use microstructure signals (e.g., FOH/FOL, switches) for potential confirmation
* Refer to expansion levels as reference zones for management or target setting
After Session
* Review how price behaved relative to the Open Box, EQO levels, VWAPs, and expansion zones
* Analyse breakout attempts, fakeouts, and whether intraday structure aligned with the broader daily move
Example Workflow and Trade
1. Higher-timeframe analysis signals a Daily Fakeout Low Continuation (bullish context).
2. The New York session forms an Open Box; price breaks above and holds above the first-hour high.
3. A Fakeout Low + Switch Bar appears on M5 (via FO), after retesting the session VWAP triggering the entry.
4. 1x expansion level serves as reference targets for take profit.
Relation to the TrendPredator Ecosystem
The Open Box is part of the TrendPredator Indicator Family, designed to apply multi-timeframe logic consistently across:
* higher-timeframe context and setups
* intraday and session structure (OB)
* microstructure confirmation (FO)
Together, these modules offer a unified structure for analysing how daily and intraday cycles interact.
Disclaimer
This indicator is for educational purposes only and does not guarantee profits.
It does not provide buy or sell signals but highlights structural and behavioural areas for analysis.
Users are solely responsible for their trading decisions and outcomes.
DCSessionStatsOHLC_v1.0DCSessionStatsOHLC_v1.0
© dc_77 | Pine Script™ v6 | Licensed under Mozilla Public License 2.0
This indicator overlays customizable session-based OHLC (Open, High, Low, Close) statistics on your TradingView chart. It tracks price action within user-defined sessions, calculates average manipulation and distribution levels based on historical data, and visually projects these levels with lines and labels. Additionally, it provides a session count table to monitor bullish and bearish sessions.
Key Features:
Session Customization: Define session time (e.g., "0000-1600") and time zone (e.g., UTC, America/New_York). Analyze up to 20 historical sessions.
Anchor Line: Displays a vertical line at session start with customizable style, color, and optional label.
Session Open Line: Plots a horizontal line at the session’s opening price with adjustable appearance and label.
Manipulation Levels: Calculates and projects average price extensions (high/low relative to open) for manipulative moves, shown as horizontal lines with labels.
Distribution Levels: Displays average price ranges (high/low beyond open) for distribution phases, with customizable lines and labels.
Visual Flexibility: Adjust line styles (solid, dashed, dotted), colors, widths, label sizes, and projection offsets (bars beyond session start).
Session Stats Table: Optional table showing counts of bullish (close > open) and bearish (close < open) sessions, with configurable position and size.
How It Works:
Tracks OHLC data within each session and identifies session start/end based on the specified time range.
Computes averages for manipulation (e.g., low below open in bullish sessions) and distribution (e.g., high above open) levels from past sessions.
Projects these levels forward as horizontal lines, extending them by a user-defined offset for easy reference.
Updates a table with real-time bullish/bearish session counts.
Use Case:
Ideal for traders analyzing intraday or custom session behavior, identifying key price levels, and gauging market sentiment over time.
Toggle individual elements on/off and fine-tune visuals to suit your trading style.
Killzone Session Lines [odnac]This Pine Script indicator displays vertical lines marking the start of key market sessions, known as Killzones, for both today and yesterday. These lines help traders identify important trading hours for the Asia, Europe, and New York sessions.
Killzone Vertical Lines:
Draws vertical lines for the start of the Asia, Europe, and New York sessions.
Displays lines for both today and the previous day to compare price action across sessions.
Customizable Time Settings:
Users can set the exact start hour and minute for each Killzone.
Time zones adjust automatically based on the chart's time zone.
Visual Customization:
Change the color, width, and style of the vertical lines (solid, dotted, dashed).
Toggle each session's lines individually for a cleaner chart.
Previous Start Lines:
Optional lines for the opening of today, the previous day, and the previous week, providing historical context for support and resistance levels.
Why Use This Indicator?
Session Awareness: Know exactly when major market sessions start to identify potential volatility spikes.
Historical Context: Compare today’s price action with previous sessions to spot recurring patterns.
Clean Charting: Automatic updates prevent clutter, keeping your workspace organized.
Flexible Customization: Tailor the display to fit your trading style and preferences.
