Session+ [txntradez]

[ OVERVIEW ]
ICT Session+ is an educational visualization tool for studying Inner Circle Trader (ICT) concepts related to institutional order flow and time-based trading strategies. It displays session killzone analysis, liquidity levels, fair value zones, and precision timing windows to help traders analyze where and when institutional activity may occur.
[ WHY THESE CONCEPTS ARE COMBINED ]
Institutional traders operate on specific schedules and target liquidity pools in predictable ways. This indicator synthesizes multiple complementary ICT concepts:
• TIME-BASED ANALYSIS: Tracks 7 distinct trading sessions (Asia 8 PM-12 AM, London 2-5 AM, Pre AM 7-9:29 AM, NY AM 9:30-11 AM, NY Lunch 12-1 PM, NY PM 1:30-4 PM, Midnight 12-12:30 AM ET) to identify when "smart money" may be active
• LIQUIDITY MAPPING: Session highs/lows mark where retail stop losses cluster; sweeps of these levels often precede reversals or retracements
• FAIR VALUE ZONES: 50% equilibrium and 25%/75% quartile levels within sessions show optimal entry areas
• GAP ANALYSIS: Opening Range Gaps between previous day regular trading hour close and next day regular trading hour open create imbalances institutions tend to fill
• PRECISION WINDOWS: Three Silver Bullet windows (London 3-4 AM, NY AM 10-11 AM, NY PM 2-3 PM ET) highlight concentrated institutional activity periods
• REFERENCE LEVELS: Key institutional price levels (true day open, pre-session open, opening bell, RTH close) act as magnets for price reactions
[ HOW IT WORKS ]
SESSION KILLZONES (7 Sessions):
Each session automatically tracks high, low, 50% midpoint, and 25%/75% quartiles. When price sweeps a session high/low then reverses, it may signal a liquidity grab. Optional "Extend Until Breached" projects lines forward until price crosses them. Displays session range in handles/ticks for volatility assessment.
SILVER BULLET WINDOWS (3 Windows):
Highlights specific 1-hour periods when directional moves may be more probable. Each window tracks high/low range and can display the range size. These windows represent potential peak institutional order flow times. Note the timing sequence for NY sessions: Opening Range (9:30-10:00 AM, first 30 min) → NY AM Silver Bullet (10:00-11:00 AM, the following hour). Similarly, NY PM Opening Range (1:30-2:00 PM) → NY PM Silver Bullet (2:00-3:00 PM).
OPENING RANGE GAP:
Identifies the gap between prior regular trading hour close and regular trading hour market open. Premium gaps (open above previous close) suggest bearish fill bias; discount gaps (open below previous close) suggest bullish fill bias. Internal 50%/quartile levels divide the gap for partial-fill analysis. Optional breach detection extends lines until price fills them.
CRITICAL CONCEPT - NY AM OPENING RANGE (9:30-10:00 AM):
The first 30 minutes after the opening bell (9:30-10:00 AM) establishes the NY AM Opening Range - the initial balance before the NY AM Silver Bullet window (10:00-11:00 AM) begins. This 30-minute period is significant for several reasons:
• Initial Balance: Captures first institutional positioning after overnight gap formation
• High/Low Reference: These boundaries become key liquidity levels for the session
• Equilibrium Targeting: The opening range 50% midpoint often acts as a magnet for retracements
• Directional Bias: Price breaking and holding above/below the opening range may indicate session direction
• Sequential Analysis: Opening Range behavior → Silver Bullet window reaction provides confluence for understanding institutional order flow
Similarly, NY PM Opening Range (1:30-2:00 PM) establishes the afternoon initial balance before the NY PM Silver Bullet window (2:00-3:00 PM).
TRADING APPLICATION:
Monitor if price respects or violates opening range boundaries. A sweep of the opening range high/low followed by reversal back inside the range may suggest a liquidity grab setup. Partial fills of the ORG that hold at opening range equilibrium could precede directional moves aligned with the gap bias.
KEY PRICE LEVELS (4 Levels):
Plots horizontal lines at specific times capturing institutional reference prices. Each level can track Open/Close/High/Low at the specified hour/minute. Optional "Extend Until Breached" stops projection when price crosses. These levels provide confluence when aligned with session zones or Silver Bullet windows.
LIQUIDITY LABELS (BSL/SSL):
Buy-Side Liquidity (BSL) marks session highs where buy stops may accumulate. Sell-Side Liquidity (SSL) marks session lows where sell stops may accumulate. These levels can be targets for institutional activity before potential reversals.
[ HOW TO USE THIS INDICATOR ]
STEP 1 - ESTABLISH BIAS:
On the daily chart, determine if market structure is bullish (higher highs/lows) or bearish (lower highs/lows). Note the gap type: discount gap = bullish bias, premium gap = bearish bias.
STEP 2 - IDENTIFY LIQUIDITY:
On 5m-15m chart, mark prior session highs/lows. Watch for obvious levels with sweep potential where BSL/SSL labels appear.
STEP 3 - WAIT FOR SILVER BULLET WINDOW:
Monitor price as a Silver Bullet window approaches. Observe if price sweeps a high/low, shows strong momentum, or returns to prior session 50%.
STEP 4 - CONFIRM ENTRY:
• EXAMPLE LONG SETUP CRITERIA: Bullish bias + price sweeps SSL during Silver Bullet window + aggressive reversal back inside session range. Potential entry on first bullish close after sweep. Stop below swept low. Targets: session 50%, then high.
• EXAMPLE SHORT SETUP CRITERIA: Bearish bias + price sweeps BSL during Silver Bullet window + aggressive reversal back inside session range. Potential entry on first bearish close after sweep. Stop above swept high. Targets: session 50%, then low.
NOTE: These are example criteria for educational purposes, not trading signals. Traders must develop and backtest their own entry rules.
STEP 5 - MANAGE RISK:
Initial stop beyond swept liquidity level. First target at session 50% or nearest quartile. Move stop to breakeven after 1:1 R:R. Trail using session levels. Final targets at opposite session extreme or gap boundary.
AVOID: Trading against daily bias, entering before Silver Bullet windows, ignoring liquidity sweeps, over-leveraging, or chasing price after windows close.
[ TECHNICAL SPECIFICATIONS ]
• Pine Script v6, overlay indicator
• Max 300 labels/lines/boxes for TradingView limits
• 94 global timezones supported
• Works on all timeframes (ORG limited to ≤30m for data accuracy)
• Configurable 1-60 days lookback (default: 15 days)
• Range display formats: Handles, Ticks, or Both
• High Visibility Mode for light backgrounds
[ EDUCATIONAL CONCEPTS ]
• KILLZONE: Time window of elevated institutional activity
• LIQUIDITY SWEEP: Price spikes through high/low to trigger stops then reverses (stop hunt)
• EQUILIBRIUM (50%): Fair value midpoint where price tends to return
• PREMIUM/DISCOUNT ZONES: Upper/lower portions of range (expensive/cheap areas)
• QUARTILES: 25%/75% subdivisions for refined entries
• BREACH DETECTION: Line extension until price crosses the level
[ CUSTOMIZATION ]
Extensive controls for every element: session times, colors, line widths/styles, box borders, label content (date/name/price/range), breach detection toggles, timezone selection, and visual preferences. All 7 sessions, 3 Silver Bullet windows, ORG, and 4 key levels have independent settings.
[ IMPORTANT NOTE ]
• This Indicator is a VISUALIZATION and EDUCATIONAL TOOL for studying ICT concepts; it does NOT generate buy/sell signals or trading recommendations
• All examples provided are for educational illustration only; traders must develop their own tested strategies
• Trading involves substantial risk of loss; never risk more than you can afford to lose
• Backtesting and demo trading essential before live trading any strategy
• Recommended: Use 10-15 days lookback with selective features for optimal performance
• ORG requires 1-minute data; set Timeframe Limit to prevent display on higher TFs
• Session times based on selected timezone; verify broker alignment
• Past observations of price behavior do not guarantee future results
[ LEARNING PATH ]
Beginner: Enable one session (NY AM), observe 50% reactions, practice paper trading
Intermediate: Add Silver Bullet windows, track gap fills, combine timing + levels
Advanced: Enable all sessions, use breach detection, develop personal confluence rules
Script su invito
Solo gli utenti approvati dall'autore possono accedere a questo script. È necessario richiedere e ottenere l'autorizzazione per utilizzarlo. Tale autorizzazione viene solitamente concessa dopo il pagamento. Per ulteriori dettagli, seguire le istruzioni dell'autore riportate di seguito o contattare direttamente txntradez.
TradingView NON consiglia di acquistare o utilizzare uno script a meno che non si abbia piena fiducia nel suo autore e se ne comprenda il funzionamento. È inoltre possibile trovare alternative gratuite e open source nei nostri script della community.
Istruzioni dell'autore
Declinazione di responsabilità
Script su invito
Solo gli utenti approvati dall'autore possono accedere a questo script. È necessario richiedere e ottenere l'autorizzazione per utilizzarlo. Tale autorizzazione viene solitamente concessa dopo il pagamento. Per ulteriori dettagli, seguire le istruzioni dell'autore riportate di seguito o contattare direttamente txntradez.
TradingView NON consiglia di acquistare o utilizzare uno script a meno che non si abbia piena fiducia nel suo autore e se ne comprenda il funzionamento. È inoltre possibile trovare alternative gratuite e open source nei nostri script della community.