Sessiontrading — Indicators and Strategies

True Close – Institutional Trading Sessions (Zeiierman)█ Overview True Close – Institutional Trading Sessions (Zeiierman) is a professional-grade session mapping tool designed to help traders align with how institutions perceive the market’s true close. Unlike the textbook “daily close” used by retail traders, institutional desks often anchor their risk management, execution benchmarks, and exposure metrics to the first hour of the next session. This indicator visualizes that logic directly on your chart — drawing session boxes, true close levels, and time-aligned labels across Sydney, Tokyo, London, and New York. It highlights the first hour of each session, projects the institutional closing price, and builds a live dashboard that tells you which sessions are active, which are in the critical opening phase, and what levels matter most right now. More than just a visual tool, this indicator embeds institutional rhythm directly into your workflow — giving you a window into where big players finalize yesterday’s business, rebalance exposure, and execute delayed orders. It’s not just about painting sessions on your chart — it’s about adopting the mindset of those who truly move the market. Institutions don’t settle risk at the bell; they complete it in the next session. This tool lets you see that transition in real time, giving you an edge that goes beyond candles and indicators. █ How It Works ⚪ Session Detection Engine Each session is identified by its own time block (e.g., 09:00–17:30 for London). Once a session opens: A full-session box is drawn to track its range. The first hour is highlighted separately. Once the first hour completes, the true close line is plotted, representing the price institutions often treat as the "real" close of the prior day. ⚪ Institutional True Close Logic The script captures the close of the first hour, not the end of the day. This line becomes a static reference across your chart, letting you visualize how price interacts with that institutional anchor: Rejections from it show where yesterday's flow is respected. Breaks through it may indicate that today's flows are rewriting the narrative. ⚪ Dynamic Dashboard Table A live table appears in the corner of your screen, showing: Each session's active status Whether we’re inside the first hour The current “true close” price if available Each cell comes with advanced tooltips giving institutional context, flow dynamics, and market microstructure insights — from rebalancing spillovers to VWAP/TWAP lag effects. █ How to Use ⚪ Use the First-Hour Line as Your Institutional Anchor Treat it like the price level that big funds care about. Watch how the price behaves around level. Fades, re-tests, or continuation moves often occur as the market finishes recapping yesterday’s leftover orders. ⚪ Structure Entries Around the Session Context Are you inside the first hour? Expect more volatility, more decisive flow. After the first session hour, expect fading liquidity as the market slows down and awaits the next session to open. █ Settings UTC Offset – Select your preferred time zone; all sessions adjust accordingly. Session Toggles – Enable/disable Sydney, Tokyo, London, or NY. Box Display Options – Show/hide session background, first-hour fill, borders. True Close Line Controls – Enable line, label, and customize width & color. Execution Hour Labels – Optional toggle for first-hour label placement. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Hourly Volatility Explorer 📊 Hourly Volatility Explorer: Master The Market's Pulse Unlock the hidden rhythms of price action with this sophisticated volatility analysis tool. The Hourly Volatility Explorer reveals the most potent trading hours across multiple time zones, giving you a strategic edge in timing your trades. 🌟 Key Features: ⏰ Multi-Timezone Analysis • GMT (UTC+0) • EST (UTC-5) - New York • BST (UTC+1) - London • JST (UTC+9) - Tokyo • AEST (UTC+10) - Sydney Perfect for tracking major market sessions and their overlaps! 📈 Dynamic Visualization • Color-gradient hourly bars for instant pattern recognition • Real-time volatility comparison • Interactive data table with comprehensive statistics • Automatic highlighting of peak volatility periods 🎯 Strategic Applications: Day Trading: • Identify optimal trading windows • Avoid low-liquidity periods • Capitalize on session overlaps • Fine-tune entry/exit timing Risk Management: • Set appropriate stop losses based on hourly volatility • Adjust position sizes for different market hours • Optimize risk-reward ratios • Plan around high-impact hours Global Market Analysis: • Track volatility across all major sessions • Spot institutional trading patterns • Identify quiet vs. active periods • Monitor 24/7 market dynamics 💡 Perfect For: • Forex traders navigating global sessions • Crypto traders in 24/7 markets • Day traders optimizing execution times • Algorithmic traders fine-tuning strategies • Risk managers calibrating exposure 📊 Advanced Features: • Rolling 3-month analysis for reliable patterns • Precise pip movement calculations • Sample size tracking for statistical validity • Real-time current hour comparison • Color-coded visual system for instant insights ⚡ Pro Trading Tips: • Use during major session overlaps for maximum opportunity • Compare patterns across different instruments • Combine with volume analysis for deeper insights • Track seasonal variations in hourly patterns • Build trading schedules around peak hours 🎓 Educational Value: • Understand market microstructure • Learn global market dynamics • Master timezone relationships • Develop timing intuition 🛠️ Customization: • Adjustable lookback period • Flexible pip multiplier • Multiple timezone options • Visual preference settings Whether you're scalping the 1-minute chart or managing longer-term positions, the Hourly Volatility Explorer provides the precise timing intelligence needed for today's global markets. Transform your trading schedule from guesswork to science. Know exactly when markets move, why they move, and how to position yourself for maximum opportunity. #TechnicalAnalysis #Trading #Volatility #MarketTiming #DayTrading #Forex #Crypto #TradingView #PineScript #MarketAnalysis #TradingStrategy #RiskManagement #GlobalMarkets #FinancialMarkets #TradingTools #MarketStructure #PriceAction #Scalping #SwingTrading #AlgoTrading

Simple Sessions ========== TLDR ========== The "Simple Sessions" indicator plots vertical lines and labels at the open and close of the US (New York), Asia (Tokyo), and Europe (London), daily session. The existing session indicators I could find all changed the background color of the chart for the entire session or added extra information to the chart that cluttered up my view. This is meant to be a less noisy and easy to interpret indication that the session you trade has started or is ending. ========== Features ========== - Show or hide vertical lines for session opens and closes - Show or hide labels for session opens and closes - Show or hide each session individually - Show or hide just the session close indications - Change the color used for each session open and close - Change the labels text, size, and text color ========== Limitations ========== The session start and end times are hard coded in for their time zones and can't be changed: - US (New York) - 9:30 - 16:00 - Asia (Tokyo) - 9:00 - 15:00 - Europe (London) - 8:30 - 16:30 ========== Use Cases ========== - Easily see when each session started and ended without the chart being too noisy - Make it easier to identify price action patterns and trade setups that may occur on the open of each session ============================= If you'd like more features or options feel free to request them in the comments.

Session Bar Color (US Time)This script is designed to change the color of bars on a trading chart based on different trading sessions in Eastern Time (ET). It is different from currently published scripts in that it specifically focuses on US time sessions and provides a customizable approach to defining and coloring each session. To use this script, you can apply it to a chart by selecting it from the list of available indicators or overlays. The script is meant for traders who are interested in visualizing different trading sessions on their charts. By coloring the bars based on session boundaries, it can help traders quickly identify session changes and potentially adjust their trading strategies accordingly. Mostly it's used to draw the high and low zones of each session. The markets this script is suitable for are those that operate within the US time zones, as it specifically focuses on Eastern Time (ET) sessions. It can be used for various types of markets, including stocks, futures, and forex. The conditions for each session are defined using the input. session function, which allows you to specify the start and end times for each session. The script includes four sessions: Asian, London, USA, and New York. By modifying the defval parameter for each session input, you can customize the session times to fit your specific trading preferences or time zone. The script uses the time function to check if the current bar falls within a particular session. If the condition is met, it sets the color of the bar using the bar color function. Each session is assigned a different color: black for the Asian session, teal for the London session, a custom RGB color (dark red) for the USA session, and red for the New York session. It's important to note that this script assumes the time zone of the trading platform is set to "Etc/GMT+4" to align with Eastern Time (ET). If your platform uses a different time zone, you may need to adjust the time function calls to match your desired time zone.

Session candles & reversals / quantifytools — Overview Like traditional candles, session based candles are a visualization of open, high, low and close values, but based on session time periods instead of typical timeframes such as daily or weekly. Session candles are formed by fetching price at session start (open), highest price during session (high), lowest price during session (low) and price at session end (close). On top of candles, session based moving average is formed and session reversals detected. Session reversals are also backtested, using win rate and magnitude metrics to better understand what to expect from session reversals and which ones have historically performed the best. By default, following session time periods are used: Session #1: London (08:00 - 17:00, UTC) Session #2: New York (13:00 - 22:00, UTC) Session #3: Sydney (21:00 - 06:00, UTC) Session #4: Tokyo (00:00 - 09:00, UTC) Session time periods can be changed via input menu. — Reversals Session reversals are patterns that show a rapid change in direction during session. These formations are more familiarly known as wicks or engulfing candles. Following criteria must be met to qualify as a session reversal: Wick up: Lower high, lower low, close >= 65% of session range (0% being the very low, 100% being the very high) and open >= 40% of session range. Wick down: Higher high, higher low, close <= 35% of session range and open <= 60% of session range. Engulfing up: Higher high, lower low, close >= 65% of session range. Engulfing down: Higher high, lower low, close <= 35% of session range. Session reversals are always based on prior corresponding session , e.g. to qualify as a NY session engulfing up, NY session must have a higher high and lower low relative to prior NY session , not just any session that has taken place in between. Session reversals should be viewed the same way wicks/engulfing formations are viewed on traditional timeframe based candles. Essentially, wick reversals (light green/red labels) tell you most of the motion during session was reversed. Engulfing reversals (dark green/red labels) on the other hand tell you all of the motion was reversed and new direction set. — Backtesting Session reversals are backtested using win rate and magnitude metrics. A session reversal is considered successful when next corresponding session closes higher/lower than session reversal close . Win rate is formed by dividing successful session reversal count with total reversal count, e.g. 5 successful reversals up / 10 reversals up total = 50% win rate. Win rate tells us what are the odds (historically) of session reversal producing a clean supporting move that was persistent enough to close that way too. When a session reversal is successful, its magnitude is measured using percentage increase/decrease from session reversal close to next corresponding session high/low . If NY session closes higher than prior NY session that was a reversal up, the percentage increase from prior session close (reversal close) to current session high is measured. If NY session closes lower than prior NY session that was a reversal down, the percentage decrease from prior session close to current session low is measured. Average magnitude is formed by dividing all percentage increases/decreases with total reversal count, e.g. 10 total reversals up with 1% increase each -> 10% net increase from all reversals -> 10% total increase / 10 total reversals up = 1% average magnitude. Magnitude metric supports win rate by indicating the depth of successful session reversal moves. To better understand the backtesting calculations and more importantly to verify their validity, backtesting visuals for each session can be plotted on the chart: All backtesting results are shown in the backtesting panel on top right corner, with highest win rates and magnitude metrics for both reversals up and down marked separately. Note that past performance is not a guarantee of future performance and session reversals as they are should not be viewed as a complete strategy for long/short plays. Always make sure reversal count is sufficient to draw reliable conclusions of performance. — Session moving average Users can form a session based moving average with their preferred smoothing method (SMA , EMA , HMA , WMA , RMA) and length, as well as choose which sessions to include in the moving average. For example, a moving average based on New York and Tokyo sessions can be formed, leaving London and Sydney completely out of the calculation. — Visuals By default, script hides your candles/bars, although in the case of candles borders will still be visible. Switching to bars/line will make your regular chart visuals 100% hidden. This setting can be turned off via input menu. As some sessions overlap, each session candle can be separately offsetted forward, clearing the overlaps. Users can also choose which session candles to show/hide. Session periods can be highlighted on the chart as a background color, applicable to only session candles that are activated. By default, session reversals are referred to as L (London), N (New York), S (Sydney) and T (Tokyo) in both reversal labels and backtesting table. By toggling on "Numerize sessions", these will be replaced with 1, 2, 3 and 4. This will be helpful when using a custom session that isn't any of the above. Visual settings example: Session candles are plotted in two formats, using boxes and lines as well as plotcandle() function. Session candles constructed using boxes and lines will be clear and much easier on the eyes, but will apply only to first 500 bars due to Tradingview related limitations. Rest of the session candles go back indefinitely, but won't be as clean: All colors can be customized via input menu. — Timeframe & session time period considerations As a rule of thumb, session candles should be used on timeframes at or below 1H, as higher timeframes might not match with session period start/end, leading to incorrect plots. Using 1 hour timeframe will bring optimal results as greatest amount historical data is available without sacrificing accuracy of OHLC values. If you are using a custom session that is not based on hourly period (e.g. 08:00 - 15:00 vs. 08.00 - 15.15) make sure you are using a timeframe that allows correct plots. Session time periods applied by default are rough estimates and might be out of bounds on some charts, like NYSE listed equities. This is rarely a problem on assets that have extensive trading hours, like futures or cryptocurrency. If a session is out of bounds (asset isn't traded during the set session time period) the script won't plot given session candle and its backtesting metrics will be NA. This can be fixed by changing the session time periods to match with given asset trading hours, although you will have to consider whether or not this defeats the purpose of having candles based on sessions. — Practical guide Whether based on traditional timeframes or sessions, reversals should always be considered as only one piece of evidence of price turning. Never react to them without considering other factors that might support the thesis, such as levels and multi-timeframe analysis. In short, same basic charting principles apply with session candles that apply with normal candles. Use discretion. Example #1 : Focusing efforts on session reversals at distinct support/resistance levels A reversal against a level holds more value than a reversal by itself, as you know it's a placement where liquidity can be expected. A reversal serves as a confirming reaction for this expectation. Example #2 : Focusing efforts on highest performing reversals and avoiding poorly performing ones As you have data backed evidence of session reversal performance, it makes sense to focus your efforts on the ones that perform best. If some session reversal is clearly performing poorly, you would want to avoid it, since there's nothing backing up its validity. Example #3 : Reversal clusters Two is better than one, three is better than two and so on. If there are rapid changes in direction within multiple sessions consecutively, there's heavier evidence of a dynamic shift in price. In such case, it makes sense to hold more confidence in price halting/turning.