OPEN-SOURCE SCRIPT
Sessions[Lenny Kiruthu]
Updated
The script below is designed to show up to 4 different trading sessions i.e. London, New York, Tokyo and Sydney sessions, it also displays the days each session is taking place in as well as two horizontal lines one for the previous days high and the other for the previous days low.
It also displays a table that shows the user the highest and lowest price for 4 different currency pairs the previous day as well as their current prices and below it a confirmation row that shows whether price is currently above, below or within yesterdays range. Note that it only states "High Broken" or "Low Broken" if the current close is above or below the lines.
What you can change
It also displays a table that shows the user the highest and lowest price for 4 different currency pairs the previous day as well as their current prices and below it a confirmation row that shows whether price is currently above, below or within yesterdays range. Note that it only states "High Broken" or "Low Broken" if the current close is above or below the lines.
What you can change
- Your time zone for example GMT -4 or GMT +3
- The session start and end time
- The colors, border type and border width of the session ranges
- Displaying the table
- Ability to choose the 4 symbols to view on the table
Release Notes
Version 2 [Sessions and Volatility]
So whats new:- Addition of the Frankfurt session to the indicator
- Addition of the monthly and weekly opens, highs and lows to create a depiction of top down analysis in one time frame.
- Addition of the average ranges[Average daily range, Average weekly range and Average monthly range] which is the average amount of pips you can expect a pair to make in a day, week of month. It has been designed to tell trades whether or not the market has moved too much in a particular day or not for example if the ADR for you chosen pair is 100 pips and the pair has moved more pips than that it might not be wise to trade. I've however only added this to guide you in your own decision making.
Release Notes
So whats new:- Addition of the Frankfurt session to the indicator
- Addition of the monthly and weekly opens, highs and lows to create a depiction of top down analysis in one time frame.
- Addition of the average ranges which is the average amount of pips you can expect a pair to make in a day, week of month. It has been designed to tell trades whether or not the market has moved too much in a particular day or not for example if the ADR for you chosen pair is 100 pips and the pair has moved more pips than that it might not be wise to trade. I've however only added this to guide you in your own decision making.
Release Notes
title changeOpen-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 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.