Session Range and Breakout Summary

This script presents the session range and post session movements relative to that range of all the majors and crosses on a single page. You can also set it to a daily range and weekly range (beta). It will even show you the pip value of the range. I made the indicator to easily stay on top of market movements at london open relative to the Asia session range. Its very easy to see which entire currency group is breaking its asia range WHIST ITS HAPPENING. Focus on NZD in the examples as it was the market lead today - I was able to get some of it when I saw the entire group breaking its range

Showing all the majors and crosses relative to the Asia range (00:00 - 07:00 GMT )

Active 'show on chart' to verify the indicator is measuring the range correctly. Compare below to the NZD box above - you can see how NZD had control of the market this morning and all NZD pairs broke out of their ranges.

'PIP MODE' - active pip mode to see what the pip range was of the session

The information is presented RELATIVELY - this means that all the ranges and movements are scaled to be the same size. You are therefore seeing the movements relative to their ranges. When you see a breakout it relative to the size of the range - for example, if GBPJPY had a range of 50pips and breaks out of the range by 100 pip and GBPEUR has a range of 20 pips and breaks out by 40 pips they have both broken out double the range and will be displayed as the same distance.

The indicator will show the movements whilst the range is forming. I did this so I can see what the groups are doing before Europe open and be ready - such as lingering at the top end of its INCOMPLETE asia range. Be aware through that if the lines are flat at the top of the range WHILST THE RANGE IS STILL FORMING this does not mean price was flat, it means that price was pushing up and growing the range. (Price can't breakout until the range has formed at the end of the session)

The currency pairs are organised to show the strength or weakness of the selected group - this means that the base currency is always the select group. This is to present the data with currencies moving in the same direction rather than some reversed but meaning the same in relation to currency strength. In the NZD example:


I hope its useful. This is the most powerful indicator I've managed to write yet. It was difficult to make the code efficient enough to fit into the pinescript limit and still do everything.
Note di rilascio: This is my favourite indicator - its incredible how powerful it is.

I cleaned all the code so this version...

-loads faster
-will function as low as 1 min timeframe
-has an organised input panel
Note di rilascio: .
-Title Block
-Summary Score
Note di rilascio: bug fix
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

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