ajithcpas

Session Levels

ajithcpas Updated   
This indicator plots important session (intraday) levels for the day. It plots high and low of previous day, week, month, 52 week and all time. Also plots the vix range which shows the daily expected trading range of the instrument. These levels acts as important support/resistance for the day.

For example, if price closes above previous day, week, or month high/low it indicates bullish sentiment and vice versa for bearish.

Vix Range plots top, center, bottom line for expected trading range for the day. It is calculated based on the volatility index selected (NSE:India VIX is used by default).
Release Notes:
Similar to Vix Range, two new range have been added.
1. ATR Range - plots high, low line for expected trading range for the day based on ATR.
2. Percentage Range - plots high, low line based on given percentage input from the previous day close.
Release Notes:
1. Option to show current day, week, month open line.
2. Option to change line color and style.
Release Notes:
Bug fixes and minor updates.
Release Notes:
Option for previous N days high low added.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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