The Other Side | STATIC

The Other Side | STATIC
Description:

"The Other Side" is a static session indicator designed to visualize two specific trading sessions—London and Frankfurt—along with their Volume Profiles and key price levels directly on your chart. This is a powerful tool for traders who focus on analyzing price behavior during these major market sessions.

Key Features:

Two Customizable Sessions: The indicator focuses on the London and Frankfurt sessions. You can define their timeframes, colors, and visualization styles independently.

Four Visualization Modes:

• Draws: a box around the session's price range.
  
• Area: Fills the entire session's background with a solid color.
  
• Lines: Displays only the high and low lines of the session.
  
• Curved: Renders the session as a filled, curved area, useful for dynamic analysis.
  

Volume Profile (VP): The indicator calculates and displays a volume profile for each session, allowing you to identify price levels with the highest trading volume. Key levels include:

1. POC (Point of Control): The price level with the highest volume.
   
2. VAH (Value Area High): The upper boundary of the value area.
   
3. VAL (Value Area Low): The lower boundary of the value area.
   
4. LVN (Low Volume Node): Price levels with the lowest volume.
   

Fibonacci Levels: Automatically plots the 0, 0.5, and 1 Fibonacci levels based on the high and low of the session's range.

How to Use:
This indicator is an essential tool for intraday traders. It helps you quickly identify:

1. Ranges of consolidation.
   
2. Areas of high or low liquidity.
   
3. Key support and resistance levels.
   
4. Potential entry and exit points based on volume distribution.
   

Settings:

You can easily customize each session's appearance, including colors, line styles, and the inclusion of Volume Profile and Fibonacci levels, directly from the indicator's settings menu.

Note:

This indicator is optimized for intraday trading and works on all timeframes.