KillZones + ACD Fisher Sessions + Reversal Levels

The KillZones + ACD Fisher Sessions + Reversal Levels indicator provides a comprehensive trading framework by integrating the ACD methodology, session tracking, and high-volatility Kill Zones. It aims to help traders identify high-probability entry points based on opening ranges and market liquidity cycles.

Usage

This tool combines several technical concepts to provide a complete market overview:

• ACD Methodology: The script identifies the "Opening Range" (OR) for major sessions. It plots specific reference levels: "A" levels (initial breakout markers) and "C" levels (secondary confirmation markers). Traders can use the "A Up" and "A Down" lines as primary entry signals and stop-loss references.
• Sessions and Kill Zones: It visually highlights the Asia, London, and New York trading sessions. Within these, it distinguishes "Kill Zones"—periods of the day historically associated with the highest volume and volatility, often where the "smart money" executes major moves.
• Pivot Ranges: The tool plots Daily and N-Day Pivot Ranges to assist in trend identification. Prices trading above the pivot range suggest a bullish bias, while prices below suggest a bearish bias.

Details

The ACD strategy, popularized by Mark Fisher in "The Logical Trader," relies on the statistical significance of the opening range. By calculating levels based on a multiplier of the ATR (Average True Range), the indicator adapts to current market volatility. The integration of Kill Zones ensures that ACD signals are filtered by time, focusing on periods where price action is most reliable.

Settings

• Global Setting: Toggle extra informational labels and customize their color.
• Pivot Range: Configure the lookback period for the N-Day Pivot Range and toggle the visibility of Daily vs. Multi-day pivots.
• ACD Level Multiplier: Adjust the ATR period and multipliers for "A" and "C" levels to fine-tune signal sensitivity.
• Session & Market (Asia, London, New York):
  • Time & Color: Define the custom start/end times for each session and its associated color on the chart.
  • Kill Zone: Enable specific time blocks for high-volatility zones.
  • Opening Range Time: Set the duration (in minutes) used to establish the daily opening range high and low.
  • A/C Level Multipliers: Individual multipliers for each market to account for varying session volatility.

FAQ

How do I interpret a bullish ACD setup? A bullish setup occurs when the price breaks and sustains above the "A Up" line. Traders often look for a brief stabilization period above this level to avoid fakeouts, using the "A Down" line as a potential stop-loss area.

Can I use this for markets other than Forex? Yes, while highly popular in Forex due to the distinct London and New York sessions, the ACD method and Pivot Ranges are applicable to any liquid market including Stocks and Commodities.

How can I access this tool? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.