This indicator is specifically designed for CRT (Candle Range Theory) to provide valuable insights into the daily price range, facilitating more informed intraday trading decisions. It helps traders analyze price action within the context of the day's overall movement, potentially improving their ability to identify optimal entry and exit points.
To keep charts uncluttered, a Cutoff Time will prevent drawings from extending beyond a specific point. The indicator automatically uses this to avoid messy charts with multiple drawings starting and stopping at various times.
The indicator features four customizable trading sessions (Killzones), each with adjustable times and labels. Traders can modify these sessions to match their preferred trading style, whether it's a variation on traditional ICT Killzones or entirely different timeframes. The sessions dynamically track high and low prices within their periods, extending pivot points until they're broken.
I'm excited by the positive response to this indicator and welcome your suggestions for improvements and future features. Please share your ideas!
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.
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.