OPEN-SOURCE SCRIPT
Session Dominance Profile [Pointalgo]
Session Dominance Profile is a visual volume-distribution tool that shows which global trading session (Asia, London, or New York) dominates price activity across different price levels within a defined historical range.
The indicator builds a horizontal volume profile using candle close prices and volume, then classifies each price level by the session that contributed the highest volume.
How It Works :
This results in a Session-based Dominance Profile, helping traders visually identify:
Practical Use Cases :
Identify price levels dominated by a specific session
Understand session rotation and participation
Combine with:
Useful for intraday, scalping, and swing trading
Inputs Explained:
Session Time Reference:
All sessions are calculated using UTC time.
Important Notes:
Disclaimer:
This script does not provide financial advice.
Trading involves risk, and past volume behavior does not guarantee future results.
Always confirm signals using additional analysis and proper risk management.
The indicator builds a horizontal volume profile using candle close prices and volume, then classifies each price level by the session that contributed the highest volume.
How It Works :
- The script analyzes a configurable lookback period
- Price range is divided into multiple horizontal bins
- Volume is accumulated per price level
- Each bin is split into three session buckets:
- Asia Session (Yellow)
- London Session (Blue)
- New York Session (Red)
- The session with the highest volume at that price level determines the color
This results in a Session-based Dominance Profile, helping traders visually identify:
- Where major sessions were most active
- Session-specific acceptance or rejection zones
- Potential intraday and swing reaction areas
Practical Use Cases :
Identify price levels dominated by a specific session
Understand session rotation and participation
Combine with:
- Market structure
- Support & resistance
- VWAP or moving averages
Useful for intraday, scalping, and swing trading
Inputs Explained:
- Lookback – Number of historical bars used to build the profile
- Resolution – Number of price bins (higher = more detail)
- Fixed Width (Bars) – Maximum horizontal width of the profile
- Offset (Bars) – Distance of the profile from the current bar
- Profile Direction – Left-to-Right or Right-to-Left rendering
Session Time Reference:
All sessions are calculated using UTC time.
Important Notes:
- This indicator is visual and analytical only
- It does not generate buy or sell signals
- No repainting: the profile is calculated on the last bar only
- Designed for educational and research purposes
Disclaimer:
This script does not provide financial advice.
Trading involves risk, and past volume behavior does not guarantee future results.
Always confirm signals using additional analysis and proper risk management.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Unlock powerful tools & indicators → pointalgo.com
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Unlock powerful tools & indicators → pointalgo.com
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.