OPEN-SOURCE SCRIPT
Key Level Matrix | AlphaScript
Key Level Matrix brings the high-timeframe and session levels traders watch most onto a single chart, then groups any that share the same price into one clean line through its confluence merge engine.
You get a complete map of where significant prices sit across every timeframe and session at once — without the chart turning into a stack of overlapping lines.
🧠 Concept
Markets repeatedly react to a specific set of reference prices: the opens, highs, lows, and midpoints of higher timeframes and sessions, where prior auctions concluded and resting orders concentrate.
What makes a given price matter is how many independent references land on it.
A level that is simultaneously the daily high, the weekly open, and the Asia session mid carries far more weight than any one of them alone — and finding those overlaps by eye, across a dozen sources, is exactly what this tool removes the work from.
🔍 What it does
Plots reference levels across the market's natural cycles, each labeled and color-coded by source and extended to the right of price:
Timeframes — 4H, Daily, Weekly, Monthly, Quarterly, Yearly: open, high, low, mid, and the prior period's high, low, and mid
Sessions — Asia, London, New York (windows configurable, in New York time): high, low, mid, and the prior session's levels
Monday Range — high, low, and mid of the week's opening day
⚙️ How it works
Every enabled level is sorted by price, and any group falling within your Merge Threshold — set in ticks, so it scales to each instrument — collapses into a single line carrying one combined label that names each contributing source, for example "Daily High / Weekly Open / Asia Mid." One line, with an instant read on how much agreement sits behind it.
All values are retrieved with non-repainting historical requests. Levels from closed periods and sessions are final; the active period and session develop in real time and lock once they close.
📈 How to use it
Treat merged, multi-source levels as your highest-conviction zones — primary areas for entries, targets, and invalidation — and single-source levels as secondary structure between them.
Enable only what matches your timeframe: an intraday trader might run New York, London, and Daily; a swing trader Weekly, Monthly, and Quarterly.
Widen the Merge Threshold on volatile, large-tick symbols; tighten it on indices and FX where prices sit closer together.
Every level, session, color, and style is independently configurable. It's a reference and confluence framework meant to complement your analysis, not a buy/sell signal generator, and it works on any market and timeframe.
📝 Notes
A decision-support tool, not a strategy. Levels are drawn from confirmed data and don't repaint. They mark where price has reacted before — not where it will. Always apply your own risk management.
You get a complete map of where significant prices sit across every timeframe and session at once — without the chart turning into a stack of overlapping lines.
🧠 Concept
Markets repeatedly react to a specific set of reference prices: the opens, highs, lows, and midpoints of higher timeframes and sessions, where prior auctions concluded and resting orders concentrate.
What makes a given price matter is how many independent references land on it.
A level that is simultaneously the daily high, the weekly open, and the Asia session mid carries far more weight than any one of them alone — and finding those overlaps by eye, across a dozen sources, is exactly what this tool removes the work from.
🔍 What it does
Plots reference levels across the market's natural cycles, each labeled and color-coded by source and extended to the right of price:
Timeframes — 4H, Daily, Weekly, Monthly, Quarterly, Yearly: open, high, low, mid, and the prior period's high, low, and mid
Sessions — Asia, London, New York (windows configurable, in New York time): high, low, mid, and the prior session's levels
Monday Range — high, low, and mid of the week's opening day
⚙️ How it works
Every enabled level is sorted by price, and any group falling within your Merge Threshold — set in ticks, so it scales to each instrument — collapses into a single line carrying one combined label that names each contributing source, for example "Daily High / Weekly Open / Asia Mid." One line, with an instant read on how much agreement sits behind it.
All values are retrieved with non-repainting historical requests. Levels from closed periods and sessions are final; the active period and session develop in real time and lock once they close.
📈 How to use it
Treat merged, multi-source levels as your highest-conviction zones — primary areas for entries, targets, and invalidation — and single-source levels as secondary structure between them.
Enable only what matches your timeframe: an intraday trader might run New York, London, and Daily; a swing trader Weekly, Monthly, and Quarterly.
Widen the Merge Threshold on volatile, large-tick symbols; tighten it on indices and FX where prices sit closer together.
Every level, session, color, and style is independently configurable. It's a reference and confluence framework meant to complement your analysis, not a buy/sell signal generator, and it works on any market and timeframe.
📝 Notes
A decision-support tool, not a strategy. Levels are drawn from confirmed data and don't repaint. They mark where price has reacted before — not where it will. Always apply your own risk management.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
Gabriel R. | AlphaScript
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
Gabriel R. | AlphaScript
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.