OPEN-SOURCE SCRIPT

Closed Market / Back-Test Filter x 'Bull_Trap_9'

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Hello TradingView Traders!

This is a very valuable tool that I believe all traders will find useful.

This indicator / filter is '1 of 2'. I prefer it as a filter because it is not meant for live trade analysis. It is designed to make a trader aware of their individual trade sessions and to help aid in static chart candlestick back-testing.

Also, look for my indicator / filter, '2 of 2': 'Red Report Filter'

There are two functions to this filter.

Primary use: It allows a trader to set a session window: Open / Close.

During a trade session, like YM, I only trade 9:30 - 15:00. Without the filter, many times I have traded past my cutoff because I was focused on the chart and not the time.

With this filter on as close nears with an open trade and the filter starts to apply, I know I am at session close with no more trades upon exit. Otherwise, I know the session is done with no further trades.

It is also nice to have the filter on during the session open as a demarcation boundary.

Secondary use: It is used as a chart back-test tool.

When applied to a traders back-test chart, the trader can control their trade session envelopes for easier and more precise evaluation. The filter will allow only the candles per session that the trader wants to focus on and will filter all other non-session candles.

I can easily compare a whole week of 30m session data, concentrating solely on the filtered trade windows.

Please Note: The filter will be active as far back as the historic data prints.

Thanks for viewing!

Penafian

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