KEY MARKET SESSION EU/US RANGE LEVELS - KLT
Features:
Session Recognition (EU & US):
The indicator recognizes the European (EU) session from 08:00 to 14:00 UTC and the US session from 14:30 to 21:00 UTC.
Key Levels:
It plots the High and Low of the current session as reference levels.
It calculates Overbought (OB) and Oversold (OS) levels as ±0.5% from the current session's High and Low.
Previous Session Data:
It displays the previous session’s OB/OS levels in the opposite session as white crosses.
EU OB/OS levels are plotted during the US session.
US OB/OS levels are plotted during the EU session.
Line Styles:
Current session's High/Low: Solid lines, color-coded based on session.
Previous session’s OB/OS levels: Displayed as white crosses.
How to Use:
Overbought (OB): A level marked when the price is 0.5% above the High of the session.
Oversold (OS): A level marked when the price is 0.5% below the Low of the session.
Previous OB/OS levels: Key levels for the opposite session are plotted as white crosses to give traders insights from the previous session's price action.
Session Color Coding:
EU Session:
High/Low: Orange and Fuchsia lines.
OB/OS levels: Orange lines for OB and Lime for OS.
US Session:
High/Low: Aqua and Teal lines.
OB/OS levels: Aqua lines for OB and Lime for OS.
Additional Notes:
The Overbought (OB) and Oversold (OS) levels are calculated based on the high/low of the current session, with a ±0.5% deviation from these levels.
The indicator automatically tracks session changes and updates the levels accordingly.
The previous session's OB/OS levels are plotted on the opposite session, so you can compare the previous session’s extremes to the current session’s price action.
🎥 Want to see our indicators in action?
Join our live trading sessions on YouTube at KeyLevelsTrading-KLT — real charts, real setups, real-time analysis. Don’t miss it!
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Declinazione di responsabilità
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.