PROTECTED SOURCE SCRIPT
Forex LEAcademy
Updated
Forex LEAcademy Indicator
Overview:
The Forex LEAcademy script is designed for forex traders who want to visualize key price levels during the Asian trading session. This script highlights the high and low points of a specified candle time and dynamically draws lines to represent critical levels for market analysis.
Key Features:
Session Time Management:
Users can set the specific time frame to focus on, allowing for targeted analysis during the Asian trading session.
Dynamic Highlighting:
The indicator automatically highlights the background during the specified candle time, making it easy to identify the session at a glance.
Price Level Calculation:
At the beginning of each new session, the script calculates and stores the high and low values of the defined candle, which are essential for identifying potential breakout or reversal points.
Visual Representation:
The indicator draws horizontal lines on the chart to represent:
The first high and low of the session.
Additional levels above and below the initial range (T1, T2, T3, T4), calculated based on the candle height. These levels provide valuable insights for setting target prices and stop-loss levels.
Customizable Input Parameters:
Users can customize the time frame for the candle being analyzed, enhancing flexibility for different trading strategies.
Usage:
This indicator is ideal for traders looking to capitalize on the price movements in the forex market, particularly during the Asian session. By understanding the high and low points within this critical time frame, traders can make informed decisions based on market behavior.
Overview:
The Forex LEAcademy script is designed for forex traders who want to visualize key price levels during the Asian trading session. This script highlights the high and low points of a specified candle time and dynamically draws lines to represent critical levels for market analysis.
Key Features:
Session Time Management:
Users can set the specific time frame to focus on, allowing for targeted analysis during the Asian trading session.
Dynamic Highlighting:
The indicator automatically highlights the background during the specified candle time, making it easy to identify the session at a glance.
Price Level Calculation:
At the beginning of each new session, the script calculates and stores the high and low values of the defined candle, which are essential for identifying potential breakout or reversal points.
Visual Representation:
The indicator draws horizontal lines on the chart to represent:
The first high and low of the session.
Additional levels above and below the initial range (T1, T2, T3, T4), calculated based on the candle height. These levels provide valuable insights for setting target prices and stop-loss levels.
Customizable Input Parameters:
Users can customize the time frame for the candle being analyzed, enhancing flexibility for different trading strategies.
Usage:
This indicator is ideal for traders looking to capitalize on the price movements in the forex market, particularly during the Asian session. By understanding the high and low points within this critical time frame, traders can make informed decisions based on market behavior.
Release Notes
Forex LEAcademy IndicatorOverview:
The Forex LEAcademy script is designed for forex traders who want to visualize key price levels during the Asian trading session. This script highlights the high and low points of a specified candle time and dynamically draws lines to represent critical levels for market analysis.
Key Features:
Session Time Management:
Users can set the specific time frame to focus on, allowing for targeted analysis during the Asian trading session.
Dynamic Highlighting:
The indicator automatically highlights the background during the specified candle time, making it easy to identify the session at a glance.
Price Level Calculation:
At the beginning of each new session, the script calculates and stores the high and low values of the defined candle, which are essential for identifying potential breakout or reversal points.
Visual Representation:
The indicator draws horizontal lines on the chart to represent:
The first high and low of the session.
Additional levels above and below the initial range (T1, T2, T3, T4), calculated based on the candle height. These levels provide valuable insights for setting target prices and stop-loss levels.
Customizable Input Parameters:
Users can customize the time frame for the candle being analyzed, enhancing flexibility for different trading strategies.
Usage:
This indicator is ideal for traders looking to capitalize on the price movements in the forex market, particularly during the Asian session. By understanding the high and low points within this critical time frame, traders can make informed decisions based on market behavior.
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.