OPEN-SOURCE SCRIPT
Trading Session Analyzer [AlgoChief]
Trading Session Analyzer [AlgoChief]
Professional Multi-Factor Session Strength Analysis
Trading Session Analyzer is a powerful market analysis tool designed to evaluate the historical strength of the three major trading sessions using multiple market factors. Instead of generating direct Buy or Sell signals, this indicator helps traders identify which session has historically offered the strongest trading conditions.
The indicator analyzes recent market activity over a customizable lookback period and calculates a comprehensive strength score for each major trading session based on volatility, relative volume, momentum, trend consistency, and price action quality.
The analyzed sessions include:
• Asian Session
• European Session
• American Session
Each session is evaluated independently, allowing traders to compare market behavior and identify the session that has historically demonstrated the strongest overall performance.
---
# Features
✅ Multi-Factor Session Analysis
✅ Historical Session Strength Scoring
✅ Volatility Analysis
✅ Relative Volume Analysis
✅ Momentum Analysis
✅ Trend Consistency Evaluation
✅ Price Action Quality Analysis
✅ Automatic Best Session Detection
✅ Detailed Dashboard
✅ Session Score Comparison
✅ Customizable Lookback Period
✅ Optional Analysis Components
✅ Alert Conditions
---
# What Does This Indicator Measure?
This indicator combines several important market characteristics into a single session strength score.
### Volatility
Measures the average price movement during each session.
Higher volatility often indicates greater trading opportunities.
---
### Relative Volume
Compares session volume against the average volume across the selected analysis period.
Higher participation generally results in a stronger score.
---
### Momentum
Measures historical directional movement during each trading session.
Sessions showing stronger momentum receive higher ratings.
---
### Trend Consistency
Evaluates how consistently price moved in one direction throughout the session.
Cleaner trends contribute positively to the overall score.
---
### Price Action
Measures candle body size relative to total candle range.
Sessions with stronger directional candles receive higher scores.
---
# Dashboard Information
The dashboard displays:
• Session Strength Score
• Average Volatility
• Average Volume
• Momentum
• Trend Score
• Best Performing Session
• Overall Session Rating
All calculations update automatically using the selected lookback period.
---
# Rating System
The indicator classifies the strongest session into one of four categories:
🟢 Excellent
🔵 Good
🟠 Moderate
🔴 Poor
The rating is based on recent historical performance rather than fixed thresholds, allowing it to adapt naturally to changing market conditions.
---
# How To Use
### Step 1
Add the indicator to your chart.
---
### Step 2
Choose the number of historical days you want to analyze.
A larger value provides smoother long-term analysis.
A smaller value reacts more quickly to recent market changes.
---
### Step 3
Enable or disable individual analysis modules according to your preference.
• Volatility
• Volume
• Momentum
• Trend
• Price Action
---
### Step 4
Watch the dashboard.
The session with the highest score represents the strongest historical market conditions.
---
# How To Trade Using This Indicator
This indicator is designed as a market analysis tool and should be used together with your existing trading strategy.
A simple workflow:
① Identify the highest-scoring trading session.
② Wait for that session to begin.
③ Confirm market direction using your preferred strategy such as:
• Market Structure
• Support & Resistance
• Breakout
• Trend Following
• Price Action
• Moving Averages
• Supply & Demand
• Smart Money Concepts (SMC)
• ICT Concepts
④ Enter a trade only when your own setup aligns with the strongest trading session.
⑤ Always use proper Stop Loss and Risk Management.
The indicator helps traders focus on periods where historical market conditions have been stronger, but it does not guarantee profitable trades.
---
# Best Use Cases
• Forex
• Gold (XAUUSD)
• Silver (XAGUSD)
• Indices
• Crypto
• Commodities
• Intraday Trading
• Day Trading
• Scalping
• Swing Trading
---
# Recommended Timeframes
Works on all TradingView supported timeframes including:
• 1 Minute
• 3 Minutes
• 5 Minutes
• 15 Minutes
• 30 Minutes
• 1 Hour
• 4 Hours
• Daily
---
# Alerts
The script includes alert conditions for:
• Excellent Session Detection
• Session Score Crossing Important Levels
These alerts highlight strong session conditions and should be combined with your own trading confirmation before entering any position.
---
# Settings
**Days to Analyze**
Controls how many historical trading days are included in the calculations.
**Volatility Analysis**
Include or exclude volatility from the final score.
**Volume Analysis**
Enable or disable relative volume analysis.
**Momentum Analysis**
Enable or disable momentum calculations.
**Trend Analysis**
Include trend consistency in the overall score.
**Price Action Analysis**
Include candle body quality in the final session rating.
**Dashboard**
Show or hide the information dashboard.
**Score Bars**
Display or hide session score lines.
**Dashboard Position**
Choose where the dashboard appears on the chart.
---
# Important Notes
• This indicator is an analytical tool and does not generate direct Buy or Sell signals.
• It evaluates historical market behavior and should be used alongside your own trading strategy.
• Session times are based on your chart's timezone settings and may vary depending on the selected timezone.
• Historical performance does not guarantee future results.
• Always use proper risk management before entering any trade.
Professional Multi-Factor Session Strength Analysis
Trading Session Analyzer is a powerful market analysis tool designed to evaluate the historical strength of the three major trading sessions using multiple market factors. Instead of generating direct Buy or Sell signals, this indicator helps traders identify which session has historically offered the strongest trading conditions.
The indicator analyzes recent market activity over a customizable lookback period and calculates a comprehensive strength score for each major trading session based on volatility, relative volume, momentum, trend consistency, and price action quality.
The analyzed sessions include:
• Asian Session
• European Session
• American Session
Each session is evaluated independently, allowing traders to compare market behavior and identify the session that has historically demonstrated the strongest overall performance.
---
# Features
✅ Multi-Factor Session Analysis
✅ Historical Session Strength Scoring
✅ Volatility Analysis
✅ Relative Volume Analysis
✅ Momentum Analysis
✅ Trend Consistency Evaluation
✅ Price Action Quality Analysis
✅ Automatic Best Session Detection
✅ Detailed Dashboard
✅ Session Score Comparison
✅ Customizable Lookback Period
✅ Optional Analysis Components
✅ Alert Conditions
---
# What Does This Indicator Measure?
This indicator combines several important market characteristics into a single session strength score.
### Volatility
Measures the average price movement during each session.
Higher volatility often indicates greater trading opportunities.
---
### Relative Volume
Compares session volume against the average volume across the selected analysis period.
Higher participation generally results in a stronger score.
---
### Momentum
Measures historical directional movement during each trading session.
Sessions showing stronger momentum receive higher ratings.
---
### Trend Consistency
Evaluates how consistently price moved in one direction throughout the session.
Cleaner trends contribute positively to the overall score.
---
### Price Action
Measures candle body size relative to total candle range.
Sessions with stronger directional candles receive higher scores.
---
# Dashboard Information
The dashboard displays:
• Session Strength Score
• Average Volatility
• Average Volume
• Momentum
• Trend Score
• Best Performing Session
• Overall Session Rating
All calculations update automatically using the selected lookback period.
---
# Rating System
The indicator classifies the strongest session into one of four categories:
🟢 Excellent
🔵 Good
🟠 Moderate
🔴 Poor
The rating is based on recent historical performance rather than fixed thresholds, allowing it to adapt naturally to changing market conditions.
---
# How To Use
### Step 1
Add the indicator to your chart.
---
### Step 2
Choose the number of historical days you want to analyze.
A larger value provides smoother long-term analysis.
A smaller value reacts more quickly to recent market changes.
---
### Step 3
Enable or disable individual analysis modules according to your preference.
• Volatility
• Volume
• Momentum
• Trend
• Price Action
---
### Step 4
Watch the dashboard.
The session with the highest score represents the strongest historical market conditions.
---
# How To Trade Using This Indicator
This indicator is designed as a market analysis tool and should be used together with your existing trading strategy.
A simple workflow:
① Identify the highest-scoring trading session.
② Wait for that session to begin.
③ Confirm market direction using your preferred strategy such as:
• Market Structure
• Support & Resistance
• Breakout
• Trend Following
• Price Action
• Moving Averages
• Supply & Demand
• Smart Money Concepts (SMC)
• ICT Concepts
④ Enter a trade only when your own setup aligns with the strongest trading session.
⑤ Always use proper Stop Loss and Risk Management.
The indicator helps traders focus on periods where historical market conditions have been stronger, but it does not guarantee profitable trades.
---
# Best Use Cases
• Forex
• Gold (XAUUSD)
• Silver (XAGUSD)
• Indices
• Crypto
• Commodities
• Intraday Trading
• Day Trading
• Scalping
• Swing Trading
---
# Recommended Timeframes
Works on all TradingView supported timeframes including:
• 1 Minute
• 3 Minutes
• 5 Minutes
• 15 Minutes
• 30 Minutes
• 1 Hour
• 4 Hours
• Daily
---
# Alerts
The script includes alert conditions for:
• Excellent Session Detection
• Session Score Crossing Important Levels
These alerts highlight strong session conditions and should be combined with your own trading confirmation before entering any position.
---
# Settings
**Days to Analyze**
Controls how many historical trading days are included in the calculations.
**Volatility Analysis**
Include or exclude volatility from the final score.
**Volume Analysis**
Enable or disable relative volume analysis.
**Momentum Analysis**
Enable or disable momentum calculations.
**Trend Analysis**
Include trend consistency in the overall score.
**Price Action Analysis**
Include candle body quality in the final session rating.
**Dashboard**
Show or hide the information dashboard.
**Score Bars**
Display or hide session score lines.
**Dashboard Position**
Choose where the dashboard appears on the chart.
---
# Important Notes
• This indicator is an analytical tool and does not generate direct Buy or Sell signals.
• It evaluates historical market behavior and should be used alongside your own trading strategy.
• Session times are based on your chart's timezone settings and may vary depending on the selected timezone.
• Historical performance does not guarantee future results.
• Always use proper risk management before entering any trade.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
For access & queries: algochiefsupport@gmail.com
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
For access & queries: algochiefsupport@gmail.com
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.