KEY MARKET SESSION EU/US RANGE LEVELS - KLT

This indicator displays key trading levels for the European (EU) and United States (US) sessions, including Overbought (OB) and Oversold (OS) levels. It helps traders identify crucial levels during each session to make informed decisions.

Features:
Session Recognition (EU & US):

The indicator recognizes the European (EU) session from 08:00 to 14:00 UTC and the US session from 14:30 to 21:00 UTC.

Key Levels:

It plots the High and Low of the current session as reference levels.

It calculates Overbought (OB) and Oversold (OS) levels as ±0.5% from the current session's High and Low.

Previous Session Data:

It displays the previous session’s OB/OS levels in the opposite session as white crosses.

EU OB/OS levels are plotted during the US session.

US OB/OS levels are plotted during the EU session.

Line Styles:

Current session's High/Low: Solid lines, color-coded based on session.

Previous session’s OB/OS levels: Displayed as white crosses.

How to Use:
Overbought (OB): A level marked when the price is 0.5% above the High of the session.

Oversold (OS): A level marked when the price is 0.5% below the Low of the session.

Previous OB/OS levels: Key levels for the opposite session are plotted as white crosses to give traders insights from the previous session's price action.

Session Color Coding:
EU Session:

High/Low: Orange and Fuchsia lines.

OB/OS levels: Orange lines for OB and Lime for OS.

US Session:

High/Low: Aqua and Teal lines.

OB/OS levels: Aqua lines for OB and Lime for OS.

Additional Notes:
The Overbought (OB) and Oversold (OS) levels are calculated based on the high/low of the current session, with a ±0.5% deviation from these levels.

The indicator automatically tracks session changes and updates the levels accordingly.

The previous session's OB/OS levels are plotted on the opposite session, so you can compare the previous session’s extremes to the current session’s price action.

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