SessionStat+ [JJumbo]

SessionStat+ [JJumbo]

The SessionStat+ indicator is a sophisticated and dynamic tool crafted for TradingView, designed to empower traders with precise, data-driven insights into price movements across customizable trading sessions and timeframes. Tailored for day traders, swing traders, and market analysts, this script generates critical pivot points—such as highs, lows, and projections—by analyzing historical price ranges, enabling traders to anticipate key support, resistance, and breakout levels with confidence. Whether you’re targeting the volatility of the New York session, tracking the daily range during Regular Trading Hours, or analyzing custom sessions like the Asia market, SessionStat+ delivers actionable intelligence to align with your trading strategy. Its intuitive interface, robust customization options, and rich visualizations make it an essential tool for navigating diverse markets, from stocks and forex to cryptocurrencies.

Key Features:
Customizable Sessions: Define up to four unique sessions with user-specified start/end times and timezone support .

Multiple Timeframes: Analyze 15-minute, 1-hour, 4-hour, daily, weekly, or custom sessions for versatility across asset classes.

Pivot Point Projections: Generates high, low, and extended projection levels based on average and median price ranges over a configurable lookback period.

Advanced Visualizations: Plots levels as lines with optional boxes, midpoint lines, and customizable labels displaying price values and session identifiers.

Dynamic Statistics Table: Displays real-time metrics, including average expansion, distribution, and minum average ranges, for each active session or timeframe.

Flexible Extension Options: Choose to extend levels until the session ends or to the end of the trading day (6:00 PM in the selected timezone).

Robust Customization: Adjust line styles (solid, dashed, dotted), colors, label sizes, and toggle features like boxes, projections, and manipulation levels.

Historical Data Analysis: Leverages past session data to project reliable levels, ideal for both real-time trading and backtesting strategies.

Market Adaptability: Suitable for stocks, forex, cryptocurrencies, with support for historical data analysis during market closures.