Helios

# Helios Trading Strategy Analysis

This Pine Script implements the "Helios" trading strategy, which is a session-based approach focusing on the Asian and London trading sessions. Here's a breakdown of its key components:

## Key Features

1. **Session Detection**:
- Asian session (18:00-02:30 UTC)
- London session (03:00-11:00 UTC)
- Tracks highs/lows for each session

2. **Fibonacci Retracement Levels**:
- Draws Fib levels (0.0, 0.5, 0.618, 0.786, 0.886, 1.0) based on breakout conditions
- Special highlight between 0.786-1.0 levels
- Option to display reverse Fib levels

3. **Trading Logic**:
- **Long Entry**: When price breaks Asian high with bullish candle and closes above
- **Short Entry**: When price breaks Asian low with bearish candle and closes below
- Entries are taken at the 61.8% retracement level

4. **Risk Management**:
- Customizable stop loss buffer (in pips)
- Two take profit levels with adjustable risk-reward ratios
- Visual display of entry, SL, TP1, and TP2 levels

5. **Visual Elements**:
- Colored session boxes (optional)
- Watermark with strategy name
- Clean labeling of all levels

## How It Works

1. During the Asian session, it tracks the high and low range.
2. In the London session, it monitors for breakouts of the Asian range.
3. When a breakout occurs (with confirmation by candle close), it draws Fibonacci retracement levels from the London high/low to the opposite Asian extreme.
4. Trading signals are generated when price retraces to the 61.8% Fib level.
5. Stop loss is placed below the Asian low (for longs) or above the Asian high (for shorts), plus a buffer.
6. Take profit levels are calculated based on the risk-reward ratios.

## Customization Options

Users can adjust:
- Session display colors
- Fibonacci level colors
- Risk-reward ratios
- Stop loss buffer size
- Whether to show session boxes
- Whether to show Fibonacci levels

This strategy is designed for intraday trading, particularly focusing on the interaction between Asian and London sessions in the forex market.