OPEN-SOURCE SCRIPT
Hitesh Nimje Indicator
# Hitesh Nimje Indicator
The **Hitesh Nimje Indicator** is a comprehensive all-in-one market structure and session analysis tool designed for intraday, swing, and institutional-style traders. It combines multi-timeframe key levels, global market session tracking, support/resistance zones, session volume analysis, VWAP, trend detection, and an advanced market dashboard into a single indicator.
## Key Features
### Multi-Timeframe Highs & Lows
Track important market reference levels directly on your chart:
* Today's High & Low
* Previous Day High & Low (PDH / PDL)
* Previous Week High & Low (PWH / PWL)
* Previous Month High & Low (PMH / PML)
* All-Time High & Low (ATH / ATL)
Each level is automatically updated and labeled for easy identification.
### Dynamic Support & Resistance
Built-in standard pivot calculations provide:
* Daily R1, R2, S1, S2
* Weekly R1, R2, S1, S2
* Monthly R1, R2, S1, S2
These levels help identify potential reversal zones, breakout areas, and profit targets.
### Global Market Session Tracking
Monitor major trading sessions simultaneously:
* New York Session
* London Session
* Tokyo Session
* Sydney Session
Each session can be independently customized with:
* Session Range Boxes
* Trendlines
* Session Mean Price
* Session VWAP
* Session High/Low Tracking
### Session Range Analysis
Visual session boxes display:
* Session High
* Session Low
* Price Expansion
* Market Volatility
This allows traders to quickly identify liquidity zones and session breakout opportunities.
### Session VWAP
Calculate a separate VWAP for each trading session to help determine:
* Institutional price positioning
* Fair value areas
* Potential support and resistance levels
### Session Trend Detection
Built-in linear regression analysis identifies the dominant direction within each session:
* Bullish Trend
* Bearish Trend
Useful for aligning trades with session momentum.
### Volume Delta Analysis
The indicator measures:
* Buyer Volume
* Seller Volume
* Volume Delta
This provides insight into which side of the market is currently in control.
### Advanced Market Dashboard
The dashboard displays real-time information for all sessions, including:
* Session Status (Active / Inactive)
* Price Trend
* Volume Trend
* Buyer Volume
* Seller Volume
* Volume Delta
* Dominant Market Side (Buyers / Sellers)
An overall market sentiment summary is also generated automatically.
### Timezone Flexibility
Choose between:
* Exchange Timezone
* Custom Timezone
This makes the indicator suitable for traders worldwide.
### Session & Daily Dividers
Optional visual dividers help separate:
* Trading Sessions
* Trading Days
for improved chart readability.
## Best Used For
* Intraday Trading
* Scalping
* Futures Trading
* Forex Trading
* Index Trading
* Session Breakout Strategies
* Smart Money Concepts (SMC)
* ICT-Based Trading Approaches
* Liquidity and Range Analysis
## Notes
* Works on all markets and timeframes.
* For best results, use intraday charts where session activity and volume behavior are most relevant.
* Session times are fully customizable to match your trading style and market preferences.
Thank you for using the Hitesh Nimje Indicator. Trade smart, manage risk, and always follow your trading plan.
The **Hitesh Nimje Indicator** is a comprehensive all-in-one market structure and session analysis tool designed for intraday, swing, and institutional-style traders. It combines multi-timeframe key levels, global market session tracking, support/resistance zones, session volume analysis, VWAP, trend detection, and an advanced market dashboard into a single indicator.
## Key Features
### Multi-Timeframe Highs & Lows
Track important market reference levels directly on your chart:
* Today's High & Low
* Previous Day High & Low (PDH / PDL)
* Previous Week High & Low (PWH / PWL)
* Previous Month High & Low (PMH / PML)
* All-Time High & Low (ATH / ATL)
Each level is automatically updated and labeled for easy identification.
### Dynamic Support & Resistance
Built-in standard pivot calculations provide:
* Daily R1, R2, S1, S2
* Weekly R1, R2, S1, S2
* Monthly R1, R2, S1, S2
These levels help identify potential reversal zones, breakout areas, and profit targets.
### Global Market Session Tracking
Monitor major trading sessions simultaneously:
* New York Session
* London Session
* Tokyo Session
* Sydney Session
Each session can be independently customized with:
* Session Range Boxes
* Trendlines
* Session Mean Price
* Session VWAP
* Session High/Low Tracking
### Session Range Analysis
Visual session boxes display:
* Session High
* Session Low
* Price Expansion
* Market Volatility
This allows traders to quickly identify liquidity zones and session breakout opportunities.
### Session VWAP
Calculate a separate VWAP for each trading session to help determine:
* Institutional price positioning
* Fair value areas
* Potential support and resistance levels
### Session Trend Detection
Built-in linear regression analysis identifies the dominant direction within each session:
* Bullish Trend
* Bearish Trend
Useful for aligning trades with session momentum.
### Volume Delta Analysis
The indicator measures:
* Buyer Volume
* Seller Volume
* Volume Delta
This provides insight into which side of the market is currently in control.
### Advanced Market Dashboard
The dashboard displays real-time information for all sessions, including:
* Session Status (Active / Inactive)
* Price Trend
* Volume Trend
* Buyer Volume
* Seller Volume
* Volume Delta
* Dominant Market Side (Buyers / Sellers)
An overall market sentiment summary is also generated automatically.
### Timezone Flexibility
Choose between:
* Exchange Timezone
* Custom Timezone
This makes the indicator suitable for traders worldwide.
### Session & Daily Dividers
Optional visual dividers help separate:
* Trading Sessions
* Trading Days
for improved chart readability.
## Best Used For
* Intraday Trading
* Scalping
* Futures Trading
* Forex Trading
* Index Trading
* Session Breakout Strategies
* Smart Money Concepts (SMC)
* ICT-Based Trading Approaches
* Liquidity and Range Analysis
## Notes
* Works on all markets and timeframes.
* For best results, use intraday charts where session activity and volume behavior are most relevant.
* Session times are fully customizable to match your trading style and market preferences.
Thank you for using the Hitesh Nimje Indicator. Trade smart, manage risk, and always follow your trading plan.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.