Zinc Model [Mr Zinc x MMT]

19 ore fa

The Zinc Model [Mr Zinc x MMT] is a TradingView indicator designed to assist traders by plotting key price levels from two defined trading sessions: the previous day's session (4:00 AM to 8:00 PM) and the current day's London session (4:00 AM to 9:15 AM). It overlays horizontal lines for session highs, lows, and midpoints (EQ levels), along with a vertical anchor line to mark session starts. The indicator is highly customizable, allowing traders to tailor its appearance and focus on specific sessions for strategic analysis.

Features

• Session-Based Levels: Tracks and displays high, low, and midpoint (50% EQ) levels for two sessions: the previous day's session and the current day's London session.
  
• Customizable Display: Users can toggle visibility of high, low, EQ levels, and session anchor lines, with options to adjust line styles, colors, and widths.
  
• Session Selection: Configurable session show times (default: 8:00 AM to 4:00 PM in New York time) for displaying levels, with a projection offset to extend lines into future bars.
  
• Labels: Optional labels for each level (High, Low, EQ) with customizable sizes (Tiny, Small, Normal, Large) for clear identification.
  
• Time Zone Support: Anchors sessions to a specified time zone (default: America/New_York).
  

How It Works
The indicator calculates key price levels based on two user-defined sessions:

- Previous Day Session (4:00 AM–8:00 PM): Tracks the high, low, and midpoint (50% of the range) of the previous day's session.
- London Session (4:00 AM–9:15 AM): Tracks the high, low, and midpoint of the current day's London session.
- Levels Displayed:

• High/Low Levels: Horizontal lines at the highest and lowest prices of each session.
  
• EQ Level: A horizontal line at the 50% midpoint of the session's range.
  
• Anchor Line: A vertical line marking the start of the user-defined display session.
  

- Levels are plotted during a user-specified "Show Session" time window (default: 8:00 AM–4:00 PM) and extended forward by a configurable number of bars (default: 15).
- The indicator updates dynamically as new highs or lows occur within the active session.

Usage

- Add to Chart: Apply the indicator to any TradingView chart.
- Configure Settings:

• Session Settings: Adjust the "Session Show Time" (default: 8:00 AM–4:00 PM) and time zone to align with your trading strategy.
  
• Projection Offset: Set the number of bars to extend level lines into the future.
  
• Anchor Line: Toggle the vertical line at session start and customize its style, color, and width.
  
• High/Low/EQ Levels: Enable or disable lines and labels for each session's high, low, and midpoint, and customize their appearance.
  
• Label Size: Choose from Tiny, Small, Normal, or Large for level labels.
  

- Interpret Levels:

• High/Low Lines: Act as potential resistance (high) or support (low) levels.
  
• EQ Line: Represents the session's midpoint, often a pivot point for price action.
  
• Anchor Line: Marks the start of the display session for context.
  

- Trading Application: Use levels to identify support/resistance zones, set entry/exit points, or confirm breakouts during the specified session.

Settings

- Session Settings:

• Session Show Time: Defines when levels are displayed (default: 8:00 AM–4:00 PM).
  
• Projection Offset: Extends lines forward (default: 15 bars).
  
• Time Zone: Sets the session time zone (default: America/New_York).
  

- Anchor Line Settings: Toggle visibility, style (Solid, Dashed, Dotted), color, and width.
- High/Low/EQ Settings: Separate controls for previous day and London sessions to toggle visibility, adjust line styles (Solid, Dashed, Dotted), colors, widths, and label visibility.
- Label Size: Options for Tiny, Small, Normal, or Large to adjust label appearance.

Ideal Use Case
The Zinc Model [Mr Zinc x MMT] is ideal for day traders and swing traders focusing on session-based price action, particularly those trading forex, indices, or other markets with significant activity during the London session. It helps identify key support, resistance, and pivot levels for intraday strategies, with flexible settings to suit various timeframes and trading styles.

2 ore fa

Note di rilascio

Features added:

1. London Session Tracker is now extended until 9:30AM to capture 9:15AM 15m Candle range
   
2. Info Table is added
   
3. Alert is added
   
4. Signal based on the touch of the level is added
   
5. Bias is added
   

1 ora fa

Note di rilascio

Revert back London ending session to the end of 9AM 15m candle

42 minuti fa

Note di rilascio

Revert the revert. Confirmed by Zinc that London session ends at 9:30AM