Key Levels & Session Highs/Lows

The Key Levels & Session Highs/Lows indicator is a professional multi-timeframe support and resistance tool that automatically tracks and displays critical price levels across different trading sessions and timeframes. It serves as a comprehensive reference for day and swing traders by visualizing the intraday and higher-timeframe framework of the market.

Usage

The Usage section describes how the script can be used to identify institutional liquidity and market structure. Traders can use the displayed levels to anticipate potential reversals or breakouts.

• Intraday Sessions: Monitor the Highs and Lows of the Asia, London, and New York sessions to identify session-specific ranges.
• Time-Based Opens: Track specific opening candles (such as 08:30 or 09:30 ET) which often act as magnets or pivots for price action throughout the day.
• Higher Timeframes: Identify Previous Day, Weekly, and Monthly highs and lows to understand the broader trend and institutional "protected" levels.
• Mid-Range Analysis: Use the 50% mid-range levels for the Previous Day, Week, or Month to gauge if the market is trading at a premium or discount relative to the prior period.

Details

The script is built to handle global market hours with customizable timezone support. It includes logic to detect when a level has been breached, optionally stopping the line to reduce chart clutter. A "Smart Simplify" feature is included to automatically hide granular session details when moving to higher timeframes (HTF), ensuring the chart remains readable.

The indicator also incorporates advanced pivot calculations:

• Standard Pivot Points: Calculated using (High + Low + Close) / 3 from the previous day.
• Central Pivot Range (CPR): A three-line range consisting of the Pivot Point (PP), Bottom Central (BC), and Top Central (TC), used to identify trending versus range-bound market environments.

Settings

General Settings

• Select Timezone: Adjusts the session calculations to match your specific region (default is America/New_York).
• Show Text Labels/Prices: Toggles the visibility of level names and their corresponding price values.
• Auto-Simplify on Higher Timeframes: Automatically hides lower-timeframe session levels when viewing HTF charts.
• Global Styling: Options to override individual level colors and text sizes for a unified interface.

Market Levels

• Open Candles: Toggles for specific hourly opens (00:00, 08:30, 09:30, etc.) and HTF opens.
• Range Levels: Toggles for the 50% mid-range of daily, weekly, and monthly price action.
• Pivots: Enable/disable Standard Pivot Points and the Central Pivot Range (CPR).

Session Settings (Asia, London, New York)

• Show High/Low: Individual toggles for the high and low of each major trading session.
• Session Time: Customizable input fields to define the start and end times for each session.
• Styling: Independent control over line color, style (solid, dashed, dotted), and width for each session level.

FAQ

How do I access Key Levels & Session Highs/Lows?

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

Can I change the specific times for the London or NY sessions?

Yes, each session has a dedicated "Session Time" input field in the settings menu where you can define the exact hours based on your trading strategy.

Why do some lines disappear when I zoom out to the Daily chart?

This is likely due to the "Auto-Simplify on Higher Timeframes" setting, which hides granular intraday levels to keep the higher timeframe charts clean. This can be disabled in the General Settings.