OPEN-SOURCE SCRIPT
Key Prices & Levels
This indicator is designed to visualize key price levels & areas for NY trading sessions based on the price action from previous day, pre-market activity and key areas from NY session itself. The purpose is to unify all key levels into a single indicator, while allowing a user to control which levels they want to visualize and how.
The indicator identifies the following:
Configurability:
How is it different:
Identifies novel concepts such as 9:53 open, root candle that can be used as a bounce/resistance area during AM/PM sessions as well as confirmation of direction once closed over/under to indicate price's willingness to continue moving in the same direction.
It also shows 1st 1m FVG after New York Session open, that can be used to determine direction of the price action depending on PA's reaction to that area. While both 9:53 and 1m FVG are 1m based markers, these levels are visualized by the indicator on all timeframes from 15s to 1h.
Additionally the indicator is able to both highlight key prices in the price scale pane as well as combine labels to minimize clutter when multiple levels have the same price.
Lastly for in-session ranges such as Lunch High/Low the indicator updates the range in real-time as opposed to waiting for the lunch session to be over.
The indicator identifies the following:
- Asia Range High/Lows, along with ability to visualize with a box
- London Range High/Lows, along with ability to visualize with a box
- Previous Day PM Session High/Lows
- Current Day Lunch Session High/Lows, starts appearing after 12pm EST once the lunch session starts
- New York Open (8:30am EST) price
- 9:53 Open (root candle) price
- New York Midnight (12:00am EST) price
- Previous Day High/Lows
- First 1m FVG after NY Session Start (after 9:30am), with the ability to configure minimum FVG size.
- Opening Range Gap, showing regular market hours close price (previous day 16:15pm EST close), new session open price (9:30am EST open) and optionally the mid-point between the two
- Asia Range 50% along with 2, 2.5, 4 and 4.5 deviations of the Asia range in both directions
Configurability:
- Each price level can be turned off
- Styles in terms of line type, color
- Ability to turn on/off labels for price levels and highlighting of prices on price scale
- Ability to control label text for price levels
How is it different:
Identifies novel concepts such as 9:53 open, root candle that can be used as a bounce/resistance area during AM/PM sessions as well as confirmation of direction once closed over/under to indicate price's willingness to continue moving in the same direction.
It also shows 1st 1m FVG after New York Session open, that can be used to determine direction of the price action depending on PA's reaction to that area. While both 9:53 and 1m FVG are 1m based markers, these levels are visualized by the indicator on all timeframes from 15s to 1h.
Additionally the indicator is able to both highlight key prices in the price scale pane as well as combine labels to minimize clutter when multiple levels have the same price.
Lastly for in-session ranges such as Lunch High/Low the indicator updates the range in real-time as opposed to waiting for the lunch session to be over.
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 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.