Primarily developed for trading the E-MINI Futures Markets like NQ or ES from the CME Group, but also more than suitable for Crypto or other instruments.
This indicator highlights the chosen session, which can be Globex, Asian, London and New York. It plots the important levels and also renders the Opening Range as it forms (a.k.a. Initial Balance). After the 1st hour Opening Range is finished, it can plot the Standard Deviations / Projections.
Enable the Globex Overnight session. Basically in the Futures Market, the Globex session is everything outside of US trading hours of Stocks. This draws the important overnight levels, like the Low, 25%, 50%, 75% and the High.
Enable the New York Session with Levels and Opening Range. Generally, 70% of the time the 1st hour will put a Low or High of the day.
If the price is trading above the Globex Low, most likely the Low of the Day is formed and the price target for the day will be 1.5x Standard Deviation and 2x Standard Deviation. [*} Deviation of the Initial Balance depends on the volume ad overall market structure.
** This is not financial advice or any guarantee **
Features:
Show each Session Highlighted on Intraday chart in it's own color (each session can be turned off and has customizable times and color)
Show Line Levels of each session: Low, 25%, 50%, 75% and the High (customizable color)
Show the Opening Range (Initial Balance) of the Asian, London and New York session. Note: NY has more options.
Opening Range is displayed as a box with level lines (customizable color)
Levels are drawn to the end of the NY Cash session (customizable time)
Show IB Standard Deviations 0.5 - 3.0. Calculated from the Opening Range (Initial Balance)
Option to display Higher Timeframe levels: Previous Day Open/Close and Previous Week Open/Close
All level lines and OR boxes size dynamically as the session progresses
Built in Alerts for when price hits key levels. e.g. Alert when price crosses the NY Opening Range High. Or an Alert when the first STDEV is hit.
Option to toggle display of drawings for Today's trading session only, or Show all recent session levels. This keeps the chart clean or not.
Extras:
The NY Opening Range also has a 50% level line
The NY Opening Bar can be highlighted separately
The Level Lines can have small labels turned on/off. Values are only shown on mouse over to keep a clean chart
Keep in mind:
1) This indicator works on all instruments, but on instruments with limited market hours, your chart setting has to be set to "Extended Hours" otherwise. For example TSLA on NASDAQ.
2) The Exchange Time Zone for the CME Group is Chicago UTC-6. So the session times you configure in the settings menu are based on that timezone too.
3) Globex opens at 5pm CST and closes when the US session starts 8:30CST.
4) When enabling the Alerts in the Indicator settings, be sure to also create an alarm for this indicator using the Alarm function of Tradingview.
版本注释
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Bug fixes:
OR Box and Levels started drawing too early at session start, instead of OR Start. Fixed
OR Logic sometimes used the high and low from pre-market instead of the high and low inside the OR 1st hour. Fixed.
Color of Level lines could not be changed in Asian and London session. Fixed
New Features:
* Asian and London OR now have a 50% line too, like NY * Asian and London OR now have a 0.5 STDEV Projection line too, like NY
版本注释
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A new version of my Session Levels - Ultimate Range Indicator is available.
The following changes have been made:
Option to change colors of the HTF levels + add a small labels for more clarity. Like PDO = Previous Day's Open.
Option to toggle historic levels per session. This allows more control over what sessions you want to see. Example: show all New York sessions and only today's Globex session.
Reorganized the Settings panel a bit
Implemented a Timezone mechanism so it's easier to use on non-Futures instruments
Removed the Asian and London offset options
Examples of what you can do with this indicator:
Show historic New York sessions and only today's Globex levels:
Show only today's sessions: Asia, London and New York
Show All New York and All Globex sessions:
If you want to know more on how to use the Initial Balance or the find the IB times for different instruments, like Futures, Forex or Gold, then go visit Adam's blog which is a wonderful primer on the subject: https://tradingriot.com/market-profile/#Initial_Balance_in_Futures
Utterly sublime. For session indicators for intraday traders this is the best example I've seen of something like this. Great work.
ArdOfCrypto
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@ClassicScott, thanks I appreciate it. Good to hear you like it.
msolomich12
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Does it always hit the PDO and PDC? I’ve only had it on my chart for two days and it’s amazing how accurate it is on NQ
contrarian_guru
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Not sure why every time you make a setting change, the VWAPS come back on. Even just unselecting price labels, etc.. All daily, weekly, quarterly, and yearly VWAPS turn back on for no reason.
gabx11
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Is it normal for the indicator to show a different Opening Range depending on which time frame you are seeing? The opening range in the 1 minute timeframe is different than the opening range in the 15 minute timeframe.
stop-hunt
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Thanks for your work. How to make an alert so that it works once a day and repeats every day?
// Function to trigger alerts when price crosses the Globex / Overnight Low during the NY Session f_triggerGlobexLow()=> _cu = ta.crossunder(close, Globex_lo) if _cu and NewYorkSession and enableNewYorkalarms alert("Price crossing under Globex Low (" + str.tostring(Globex_lo) + ")", alert.freq_once_per_bar) //
asterisk_544
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Do i need to modify my tradingview timezone or as is?