(Binance 10m binary contact signals(repainted)

BTCUSDT
Suggestion:use chart of spot instead of swap. using for binance binary contacts(事件合约)
This script is a 10-minute binary event contract trading strategy indicator designed for BTC and ETH on Binance. It combines multiple technical analysis tools with a unique market session filter to generate potential entry and exit signals. Here’s a breakdown of its core functions:

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1. Market Session Visualization

· It highlights four major trading sessions (Tokyo, London, New York, and Sydney) with colored boxes or background zones.
· You can toggle each session on/off and customize its appearance.
· This helps traders quickly identify which financial market is currently active, as volatility and momentum often shift between sessions.

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2. Trading Signals Generation

The indicator combines several technical factors to produce signals:

· Moving Average Crosses: Uses SMA (5) and SMA (9) for golden/death cross signals.
· RSI Momentum: Identifies overbought/oversold conditions and crossovers above/below the 50 level.
· Volume Confirmation: Checks if current volume is above its 20-period average to confirm strength.
· Price Deviation: Measures how far price has moved from its short-term average (SMA 5).

Signals are plotted as green upward triangles (buy) or red downward triangles (sell) below or above the bars.

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3. Smart Session Filtering (Key Feature)

· A unique filter ensures signals are only generated during valid market hours (when only one major session is active).
· It avoids overlap periods (e.g., when London and New York are both open), which often bring erratic price action and false signals.
· This makes the strategy more robust by focusing on periods with clearer trends and higher predictability.

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4. Anti-Repainting Options

· The script includes an option (show not strong signals) to reduce repainting:
· If enabled, it requires signal confirmation on the next candle for stronger, more reliable signals.
· If disabled, all signals are shown in real-time (but may be more prone to repainting).

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5. Alerts and Timeframe Compatibility

· Built-in alert conditions allow you to get notified when new signals appear.
· It is designed specifically for 10-minute charts of BTC and ETH binary event contracts.

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Summary:

This tool is best for traders who want to:

· Trade short-term binary options or event contracts based on 10-minute candles.
· Combine multi-session awareness with classic technical indicators.
· Filter out noisy market periods and focus on high-probability setups.

⚠️ Note: Since some signals may repaint, use the confirmation filter (show not strong signals) for more consistent results. Always test the strategy in a demo account before going live.

Let me know if you need help customizing or interpreting the signals.