OPEN-SOURCE SCRIPT
Updated Niveles 7-8 AM México + EMAs + Cruces
Mexico 7-8 AM Levels + EMAs + Crossovers
Overview
This Pine Script indicator combines three powerful trading tools in one comprehensive overlay:
1. **Mexico 7-8 AM session levels** (high/low detection with dynamic color changes)
2. **Four customizable EMAs** (8, 13, 21, 55 periods)
3. **EMA crossover signals** (EMA 8 vs EMA 55)
Key Features
🕐 Mexico 7-8 AM Session Levels
- **Timezone Support**: Automatically adjusts for Mexico City timezone (America/Mexico_City)
- **Session Detection**: Identifies the crucial 7-8 AM Mexico trading session
- **Dynamic Levels**: Captures session high and low levels
- **Smart Color System**:
- Lines start **WHITE** after session ends
- Turn **RED** when price closes above the session high
- Turn **GREEN** when price closes below the session low
- **Duration**: Lines extend for 2 hours 30 minutes after session
- **Clean Labels**: Session levels clearly labeled on the left side
📈 Exponential Moving Averages (EMAs)
- **EMA 8** (Blue line) - Fast trend indicator
- **EMA 13** (Green line) - Short-term momentum
- **EMA 21** (Yellow line) - Medium-term trend
- **EMA 55** (Red line) - Long-term trend
- **Toggle Display**: Option to show/hide all EMAs
- **Customizable Periods**: All EMA periods can be adjusted
🎯 EMA Crossover Signals
- **Bullish Signal**: Green triangle up when EMA 8 crosses above EMA 55
- **Bearish Signal**: Red triangle down when EMA 8 crosses below EMA 55
- **Adjustable Size**: Choose from tiny, small, normal, or large markers
- **Clean Placement**: Bullish signals below bars, bearish signals above bars
- **Built-in Alerts**: Automatic alert conditions for both crossover types
How to Use
For Day Traders:
1. **Morning Setup**: Watch for price action around 7-8 AM Mexico levels
2. **Trend Confirmation**: Use EMA crossovers to confirm trend direction
3. **Entry Signals**: Combine level breaks with EMA crossovers for entries
4. **Risk Management**: Use session levels as support/resistance for stop losses
For Swing Traders:
1. **Trend Analysis**: Monitor EMA alignment for overall trend direction
2. **Key Levels**: Use Mexico session levels as important S/R zones
3. **Signal Confluence**: Look for crossovers near session levels for stronger signals
Configuration Options
Session Settings:
- **Session Time**: Default 7-8 AM (customizable)
- **Timezone**: Mexico City timezone with GMT offset options
EMA Settings:
- **Show/Hide**: Toggle EMA display
- **Period Adjustment**: Customize all four EMA periods
- **Color Coding**: Each EMA has distinct colors for easy identification
Crossover Settings:
- **Show/Hide**: Toggle crossover signals
- **Marker Size**: Adjust signal marker size
- **Alert Setup**: Enable notifications for crossover events
## Best Practices
1. **Combine Signals**: Don't rely on single indicators - look for confluence
2. **Respect Levels**: Pay attention to how price reacts at session levels
3. **Trend Context**: Use EMAs to understand the broader trend context
4. **Risk Management**: Always use proper position sizing and stop losses
Alert Conditions
- **Bullish Crossover**: EMA 8 crosses above EMA 55
- **Bearish Crossover**: EMA 8 crosses below EMA 55
Technical Requirements
- **Version**: Pine Script v5
- **Chart Type**: Works on all timeframes
- **Overlay**: Yes - plots directly on price chart
- **Resource Usage**: Lightweight and efficient
Disclaimer
This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Always practice proper risk management and consider your risk tolerance before trading.
---
*Perfect for traders focusing on Mexico market hours and EMA-based strategies. Combines session-based levels with proven moving average crossover signals for comprehensive market analysis.*
Overview
This Pine Script indicator combines three powerful trading tools in one comprehensive overlay:
1. **Mexico 7-8 AM session levels** (high/low detection with dynamic color changes)
2. **Four customizable EMAs** (8, 13, 21, 55 periods)
3. **EMA crossover signals** (EMA 8 vs EMA 55)
Key Features
🕐 Mexico 7-8 AM Session Levels
- **Timezone Support**: Automatically adjusts for Mexico City timezone (America/Mexico_City)
- **Session Detection**: Identifies the crucial 7-8 AM Mexico trading session
- **Dynamic Levels**: Captures session high and low levels
- **Smart Color System**:
- Lines start **WHITE** after session ends
- Turn **RED** when price closes above the session high
- Turn **GREEN** when price closes below the session low
- **Duration**: Lines extend for 2 hours 30 minutes after session
- **Clean Labels**: Session levels clearly labeled on the left side
📈 Exponential Moving Averages (EMAs)
- **EMA 8** (Blue line) - Fast trend indicator
- **EMA 13** (Green line) - Short-term momentum
- **EMA 21** (Yellow line) - Medium-term trend
- **EMA 55** (Red line) - Long-term trend
- **Toggle Display**: Option to show/hide all EMAs
- **Customizable Periods**: All EMA periods can be adjusted
🎯 EMA Crossover Signals
- **Bullish Signal**: Green triangle up when EMA 8 crosses above EMA 55
- **Bearish Signal**: Red triangle down when EMA 8 crosses below EMA 55
- **Adjustable Size**: Choose from tiny, small, normal, or large markers
- **Clean Placement**: Bullish signals below bars, bearish signals above bars
- **Built-in Alerts**: Automatic alert conditions for both crossover types
How to Use
For Day Traders:
1. **Morning Setup**: Watch for price action around 7-8 AM Mexico levels
2. **Trend Confirmation**: Use EMA crossovers to confirm trend direction
3. **Entry Signals**: Combine level breaks with EMA crossovers for entries
4. **Risk Management**: Use session levels as support/resistance for stop losses
For Swing Traders:
1. **Trend Analysis**: Monitor EMA alignment for overall trend direction
2. **Key Levels**: Use Mexico session levels as important S/R zones
3. **Signal Confluence**: Look for crossovers near session levels for stronger signals
Configuration Options
Session Settings:
- **Session Time**: Default 7-8 AM (customizable)
- **Timezone**: Mexico City timezone with GMT offset options
EMA Settings:
- **Show/Hide**: Toggle EMA display
- **Period Adjustment**: Customize all four EMA periods
- **Color Coding**: Each EMA has distinct colors for easy identification
Crossover Settings:
- **Show/Hide**: Toggle crossover signals
- **Marker Size**: Adjust signal marker size
- **Alert Setup**: Enable notifications for crossover events
## Best Practices
1. **Combine Signals**: Don't rely on single indicators - look for confluence
2. **Respect Levels**: Pay attention to how price reacts at session levels
3. **Trend Context**: Use EMAs to understand the broader trend context
4. **Risk Management**: Always use proper position sizing and stop losses
Alert Conditions
- **Bullish Crossover**: EMA 8 crosses above EMA 55
- **Bearish Crossover**: EMA 8 crosses below EMA 55
Technical Requirements
- **Version**: Pine Script v5
- **Chart Type**: Works on all timeframes
- **Overlay**: Yes - plots directly on price chart
- **Resource Usage**: Lightweight and efficient
Disclaimer
This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Always practice proper risk management and consider your risk tolerance before trading.
---
*Perfect for traders focusing on Mexico market hours and EMA-based strategies. Combines session-based levels with proven moving average crossover signals for comprehensive market analysis.*
Release Notes
# Mexico 7-8 AM Levels + EMAs + EMA 8x13 NY Crossovers## 📊 Overview
This indicator combines two complementary trading strategies: **key levels from the Mexican morning session** and **exponential moving average crossovers** during the New York session. Specifically designed for traders operating in Mexico timezone.
## 🎯 Key Features
### 1. Mexico 7-8 AM Session Levels
- **Automatic detection** of highs and lows during the first trading hour (7:00-8:00 AM Mexico time)
- **Support/resistance lines** that extend for 2.5 hours after the session
- **Dynamic color change**:
- ⚪ **White**: Initial untouched levels
- 🔴 **Red**: When price breaks above the high
- 🟢 **Green**: When price breaks below the low
### 2. EMA System
- **EMA 8** (Blue): Fast signal
- **EMA 13** (Green): Confirmation signal
- **EMA 21** (Yellow): Short-term trend
- **EMA 55** (Red): Medium-term trend
### 3. EMA 8 x EMA 13 Crossovers (NY Session Only)
- **Session filter**: Only marks crossovers between 6:00 AM - 4:00 PM Mexico time
- **Visual signals**:
- 🔺 **Green triangle**: EMA 8 crosses above EMA 13 (bullish signal)
- 🔻 **Red triangle**: EMA 8 crosses below EMA 13 (bearish signal)
- **Configurable alerts** to never miss opportunities
## ⚙️ Configuration
- **Adjustable timezone**: Support for Mexico time (CST/CDT)
- **Customizable EMAs**: Modify periods according to your strategy
- **Show/hide elements**: Full control over what to display on chart
## 🎪 Use Cases
1. **Scalping**: Use EMA 8x13 crossovers for quick entries during NY session
2. **Swing Trading**: Combine 7-8 AM levels with crossovers for confirmation
3. **Day Trading**: Levels as support/resistance and crossovers for entry timing
## 📈 Advantages
- **Mexico timezone optimized**: Perfect for Latin American traders
- **Session filtered**: Avoids false signals during low volatility hours
- **Complete strategy**: Combines price action and momentum in one indicator
- **Smart alerts**: Only during high-probability hours
## 🚨 Recommendations
- Use on 1m to 15m timeframes for better precision
- Combine with volume analysis for additional confirmation
- 7-8 AM levels work best on highly liquid pairs
- Always use proper risk management
## 📊 Ideal for:
- Forex (EUR/USD, GBP/USD, USD/JPY, etc.)
- Indices (SPX, NAS100, etc.)
- Any high-liquidity asset during NY session
---
*Developed by Mexican traders, for Mexican traders. Harness NY volatility with morning level precision.*
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.