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Session Open Lines [iFarsheed]
Overview:
The "Session Open Lines [iFarsheed]" indicator is mainly designed for Al Brooks Price Action traders using 5-minute charts, particularly during the NYSE session. It marks Tokyo, London, and NYSE session open/close times with dashed lines and optional labels to help you analyze session-based price movements.
Features:
Session Marking:
Draws dashed lines to indicate the open and close times of Tokyo, London, and NYSE sessions.
NYSE session can be split into two or three parts for detailed analysis (e.g., Morning/Afternoon or Open/Middle/Close).
Optional Labels:
Displays labels (e.g., "Tokyo Open", "NYSE Close") below the chart to clearly identify session boundaries.
Labels can be toggled on or off for a cleaner chart view.
Customizable Display:
Choose which sessions to display and customize line colors to match your chart setup
How to Use:
Customize Settings:
Enable or disable specific sessions (Tokyo, London, NYSE) based on your trading focus.
Adjust line colors to ensure visibility against your chart background.
Toggle session labels on or off depending on your chart type (e.g., disable for RTH charts)
Analyze Session Boundaries:
Use the dashed lines to identify session open/close times and analyze price action around these key moments.
For NYSE session, split into two or three parts to break down the session into manageable segments for deeper analysis.
Informed Decision Making:
Leverage session boundaries to spot potential price action setups, such as breakouts or reversals, especially during the NYSE session
Important Note:
Due to Pine Script limitations (max 500 lines), if all sessions are enabled, lines are drawn for the past 5 days. Selecting fewer sessions allows more days to be displayed.
Lines are drawn only up to the current time; future session lines (e.g., NYSE Close) won't appear until the session ends.
For RTH charts, use only the NYSE session. It’s recommended to disable labels in RTH mode, as NYSE Open and Close lines are close together and labels may overlap.
Future Updates:
This indicator is just the beginning! Exciting new features are on the way to make your price action analysis even more powerful—stay tuned for updates!
If you have any suggestions or feedback, please share them in the comments section.
Happy Price Action Trading!
-iFarsheed-
The "Session Open Lines [iFarsheed]" indicator is mainly designed for Al Brooks Price Action traders using 5-minute charts, particularly during the NYSE session. It marks Tokyo, London, and NYSE session open/close times with dashed lines and optional labels to help you analyze session-based price movements.
Features:
Session Marking:
Draws dashed lines to indicate the open and close times of Tokyo, London, and NYSE sessions.
NYSE session can be split into two or three parts for detailed analysis (e.g., Morning/Afternoon or Open/Middle/Close).
Optional Labels:
Displays labels (e.g., "Tokyo Open", "NYSE Close") below the chart to clearly identify session boundaries.
Labels can be toggled on or off for a cleaner chart view.
Customizable Display:
Choose which sessions to display and customize line colors to match your chart setup
How to Use:
Customize Settings:
Enable or disable specific sessions (Tokyo, London, NYSE) based on your trading focus.
Adjust line colors to ensure visibility against your chart background.
Toggle session labels on or off depending on your chart type (e.g., disable for RTH charts)
Analyze Session Boundaries:
Use the dashed lines to identify session open/close times and analyze price action around these key moments.
For NYSE session, split into two or three parts to break down the session into manageable segments for deeper analysis.
Informed Decision Making:
Leverage session boundaries to spot potential price action setups, such as breakouts or reversals, especially during the NYSE session
Important Note:
Due to Pine Script limitations (max 500 lines), if all sessions are enabled, lines are drawn for the past 5 days. Selecting fewer sessions allows more days to be displayed.
Lines are drawn only up to the current time; future session lines (e.g., NYSE Close) won't appear until the session ends.
For RTH charts, use only the NYSE session. It’s recommended to disable labels in RTH mode, as NYSE Open and Close lines are close together and labels may overlap.
Future Updates:
This indicator is just the beginning! Exciting new features are on the way to make your price action analysis even more powerful—stay tuned for updates!
If you have any suggestions or feedback, please share them in the comments section.
Happy Price Action Trading!
-iFarsheed-
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
iFarsheed
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
iFarsheed
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.