There are three main futures market sessions in a 24-hour period: the London, New York, and Asian Sessions. Each session is given an independent label for the open and close times. The six labels (LO, LC, NYO, NYC, AO, AC) can be individually toggled on or off, the label background color changed, the text switched between black or white, and the height can be lowered or raised. These customizations are intended to give the user full control of the session they are interested in at the moment.
Backgrounds are the heart of this indicator. There are different colored transparent backgrounds for each of the futures sessions. So the user can clearly see the session they want to highlight without cluttering their chart and getting in the way of analyzing the candles.
If you are familiar with the London and New York killzones, these backgrounds are each individually configured.
If you are familiar with the Inner Circle Trader’s (ICT) NY Morning and Afternoon sessions, these are available. Also, most times weird price action occurs during the lunch hour of these sessions. The London and New York have a background for their respective lunch hours so the user is never caught of guard during these periods.
The markets are constantly looking for liquidity. To help the user see runs on liquidity, this indicator projects the previous days highs and lows on to the current day with a line and a price label. The line make it very easy to see where price may be headed. See the image below for the perfect example of this phenomenon. Each of the lines can be independently controlled by color, style, and width. And even the labels can be toggled on or off if the user would prefer just to see the lines. Lastly, there is a line that marks the midnight open price in EST.
- This indicator is specifically designed for futures tickers.
- All of the backgrounds are not designed to be turned on a once (there are many that overlap). They are designed to give the user ultimate control over exactly what timeframe backgrounds to display on their charts.
- The labels only appear when timeframe is 1 hour or less.
- Ability to display last X days of transparent backgrounds & labels
- Capability to move line labels to the right to prevent labels from covering up candles
- Midnight Open EST label can now be toggled on/off
- Reworded Settings Inputs descriptions to make them more clear
- Added tooltips to some of the more advanced Setting Inputs to explain particular behaviors
- Increased the number of labels displayed on a chart to the max allowable by TradingView (500)
- Added 8:30 AM EST Open line
- Can now change label text color of horizontal lines
- Input Settings adjustments
Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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