Sessions High & Low Levels

The Sessions High & Low Levels indicator automatically identifies and plots the highest and lowest price points for multiple trading sessions, providing essential structural context for intraday traders.

Usage

The tool is designed to help traders visualize market structure and liquidity pools based on specific time windows. By default, it tracks the London, New York, and Asian sessions, but it can be adjusted to any custom timeframe. Traders can use these levels to:

• Identify potential liquidity grabs when price sweeps a previous session high or low.
• Establish directional bias based on session breakouts.
• Locate key intraday support and resistance zones.

The indicator extends the session levels forward into the current price action, allowing for real-time monitoring of how the market reacts to historical session extremes.

Details

The script calculates the highest high and lowest low reached during the user-defined time intervals. It utilizes specific timezone offsets to ensure accuracy across different geographical markets. Once a session ends, the levels are locked and projected forward by a user-defined number of bars. This implementation ensures that the intraday narrative remains visible even after the specific session time has elapsed.

Settings

Timezone

• Timezone: Select the reference timezone for session calculations (e.g., New York, London, UTC, or Exchange).
• Custom timezone: Allows for the manual entry of a specific timezone string if "Custom" is selected.

Display

• Show Price on Labels: Toggles the visibility of the exact price value next to the session labels.
• Label Font Size: Adjusts the size of the text labels on the chart.
• Session Projection: Determines how many bars to the right the session lines should extend.

Session 1-3

• Enable Session: Toggles the specific session tracking on or off.
• Session Name: Custom label for the session (e.g., "Asia").
• Start/End Hour & Minute: Defines the precise window for session tracking (0-23 hours, 0-59 minutes).
• Style Settings: Customizable options for line color, label color, line style (Solid, Dashed, Dotted), and line width.

FAQ

How do I change the session times to match my local market?

You can adjust the Start and End hours and minutes within the individual Session settings groups. Ensure the "Timezone" setting is set correctly to match your intended reference point.

Can I track more than three sessions?

This specific tool supports up to three independent sessions simultaneously. You can enable or disable them individually to suit your charting needs.

How can I access Sessions High & Low Levels?

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