OPEN-SOURCE SCRIPT
Asia Session Slope Line

## Function Description: Asia Session Slope Line Indicator
This Pine Script indicator analyzes and visualizes the price movement during the Asia trading session.
### What It Does:
**1. Tracks Asia Session Boundaries**
- Monitors when the Asia session starts (default: 00:00 exchange time)
- Monitors when the Asia session ends (default: 09:00 exchange time)
- Places visual markers (green triangle up at start, orange triangle down at end)
**2. Captures Price Data**
- Records the **closing price** at the exact moment the Asia session begins
- Records the **closing price** at the exact moment the Asia session ends
- Tracks the **highest high** and **lowest low** during the entire session
**3. Draws Slope Line**
- Draws a straight line connecting the session start price to the session end price
- Line is **green** if price went up (positive slope)
- Line is **red** if price went down (negative slope)
- Line stops exactly at session boundaries (no extension)
**4. Calculates Slope**
- Computes slope as: `(End Price - Start Price) / Number of Bars`
- This represents the average price change per bar during the session
**5. Displays Slope Value**
- Places a label at the **center** of the Asia session (both horizontally and vertically)
- Shows the slope number with **+ or - prefix** (e.g., "+0.0023" or "-0.0015")
- **White text** on colored background (green for positive, red for negative)
- Label positioned at midpoint between session high and low for clear visibility
### Practical Use:
- Quickly identify Asia session trend direction
- Measure the strength/rate of price movement during Asian hours
- Compare multiple Asia sessions at a glance
- Useful for forex traders monitoring Asian liquidity and price action
This Pine Script indicator analyzes and visualizes the price movement during the Asia trading session.
### What It Does:
**1. Tracks Asia Session Boundaries**
- Monitors when the Asia session starts (default: 00:00 exchange time)
- Monitors when the Asia session ends (default: 09:00 exchange time)
- Places visual markers (green triangle up at start, orange triangle down at end)
**2. Captures Price Data**
- Records the **closing price** at the exact moment the Asia session begins
- Records the **closing price** at the exact moment the Asia session ends
- Tracks the **highest high** and **lowest low** during the entire session
**3. Draws Slope Line**
- Draws a straight line connecting the session start price to the session end price
- Line is **green** if price went up (positive slope)
- Line is **red** if price went down (negative slope)
- Line stops exactly at session boundaries (no extension)
**4. Calculates Slope**
- Computes slope as: `(End Price - Start Price) / Number of Bars`
- This represents the average price change per bar during the session
**5. Displays Slope Value**
- Places a label at the **center** of the Asia session (both horizontally and vertically)
- Shows the slope number with **+ or - prefix** (e.g., "+0.0023" or "-0.0015")
- **White text** on colored background (green for positive, red for negative)
- Label positioned at midpoint between session high and low for clear visibility
### Practical Use:
- Quickly identify Asia session trend direction
- Measure the strength/rate of price movement during Asian hours
- Compare multiple Asia sessions at a glance
- Useful for forex traders monitoring Asian liquidity and price action
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.