Killzones & Previous High-Low Liquidity [odnac]

4 hari lalu

This indicator is designed for use in intraday trading to visualize key "Killzones" (specific time windows during different global market sessions) and highlight liquidity levels based on previous highs and lows from the previous day and week.

It helps traders identify potential market entry and exit points based on time-based trading zones and price action levels.


Key Features:

• Killzone (Market Session Timeframes):
  

  Asia (2000-0000 UTC): Displays a shaded box over the Asia trading session.
  Europe (0200-0500 UTC): Highlights the European trading session.
  New York AM (0830-1100 UTC): Represents the morning session of the NY market.
  New York PM (1330-1600 UTC): Represents the afternoon session of the NY market.
  

  
  Each of these timeframes can be customized in terms of session start and end times, and the shaded areas will help identify high liquidity periods when the market tends to be more active.
  

• Previous High-Low Liquidity Zones:
  

  Previous Week's High/Low: Displays lines at the high and low of the previous week.
  These are important liquidity levels that can influence price action.
  
  Previous Day's High/Low: Shows the high and low from the previous trading day.
  
  These are also significant levels to watch for potential support and resistance.
  

• Filters and Customization:
  

  Position Filtering: The indicator allows users to filter out previous highs or lows if the current price doesn't align with those levels.
  For example, it can filter out previous week highs if the current price is lower than that level.
  
  Vertical Lines: Optional vertical lines to highlight key time points such as the start and end of the previous week and day.
  

• How It Works:
  

  The indicator visually draws "killzones" as shaded regions on the chart, indicating periods of increased market activity.
  
  This can help traders align their strategies with the most liquid periods of the day.
  
  The previous high and low lines (both for the previous week and the previous day) are drawn as solid lines and can be toggled on/off in the settings.
  
  Labels are added to indicate the specific levels and periods.
  
  The indicator provides clear visual cues, helping traders assess if the price is near important liquidity levels and whether the current market conditions align with those levels.
  

• Customizable Settings:
  

  You can control whether each Killzone and liquidity level is shown on the chart.
  Color customization for the various zones and lines is also available.
  
  The indicator also lets you decide whether to hide weekend data, set time-frame limits, and choose whether or not to show vertical lines at the beginning and end of each trading session.
  

This indicator is aimed at traders who want to trade based on high-liquidity periods and understand where key support and resistance levels are likely to emerge based on previous price action.

3 hari lalu

Nota Keluaran

Fixed the issue where labels were not being deleted.

kelmarin

Nota Keluaran

While displaying yesterday's high and low, the boundary between yesterday and today seemed unclear, so I added a vertical line to indicate today's opening price.