Intraday Pivot Highs & Lows (Asia London NY)

6 Mei

Intraday Pivot Highs & Lows (Asia London NY)

Script Description

This TradingView indicator is optimized for Forex, scalping, intraday, and day trading strategies. It accurately plots Pivot Points and levels, high/low, support and resistance levels. These are clearly identified to aid the trader during killzone sessions and session opens. Ideal for scalp trading, intraday sessions, and leveraging SMT (Smart Money Techniques). Utilize these Price Levels effectively during London Open, NY Open, and the Asia Session, utilizing Market Structure to pinpoint key levels and reversal zones for successful trading. Improve your Trade Setups, recognize reliable Chart Patterns, identify critical Price Pivots, and trade confidently off Institutional Levels.

This script marks the intraday pivot highs, lows and midpoints retracement levels for

1. Asia
   
2. London
   
3. New York
   

It also plots the previous day's high, low, midpoint, and 0.618 Fibonacci retracement levels, providing traders with critical price reference points for making intraday trading decisions.

Originality & Usefulness

This indicator uniquely integrates pivot calculations across three major Forex sessions (Asia, London, NY), clearly delineating session boundaries.

It enhances visibility by using distinct styling

1. solid for New York
   
2. dashed for London
   
3. dotted lines for Asia
   

And colour co-ordinated labeling, improving traders' ability to identify important intraday price action zones efficiently. Unlike standard pivot indicators, this script emphasizes session-specific trading dynamics.

### Key Features ###

Session-Based Levels: Automatically plots high, low, midpoint, and Fibonacci (.618) levels for each major session (Asia, London, NY).
Distinct Visual Cues: Lines and labels use session-specific styles and colors to easily differentiate between sessions.
Previous Day Reference: Clearly plots and labels yesterday's high, low, midpoint, and Fibonacci levels.
Flexible Visibility: Traders can set timeframe visibility to maintain clean charts on higher timeframes.

### How It Works

At the start of next day's session, previous session lines are cleared, ensuring the chart remains uncluttered.
High, low, midpoint, and Fibonacci retracement levels (.618) are dynamically calculated and displayed at the close of each session.
All session levels remain visible until the start of the next respective session, providing continuous actionable insights.

Trading Application:

• Session highs and lows act as strong intraday support and resistance zones.
  
• Midpoints and Fibonacci levels are effective for identifying potential reversal zones and retracements.
  
• Daily levels provide a broader context, useful for gauging intraday volatility and range.
  

### Limitations and Considerations ##

Best used on liquid assets with clear session-based price action, such as Forex major pairs, if used on indexes make sure they contain 24 hour price action not just New York session.

This indicator is designed to streamline intraday trading by clearly marking essential pivot points and session-based levels, significantly improving traders' market context and decision-making accuracy. Can be used to enhance SMT decision making when scalping killzones.

13 Mei

Nota Keluaran

1. Added the menu option to show or hide any specific session or daily levels
   
2. Added Point of Control (POC) level to the script, shows you the price level at which the highest volume was traded. Can be enabled in the menu.