OPEN-SOURCE SCRIPT
Updated Session Range Box
Generic Session Box
Generic Session Box is a lightweight and customizable tool designed to visualize price ranges within user-defined trading sessions.
This indicator automatically draws a dynamic box that tracks the High and Low formed during a selected session period. The box updates in real time while the session is active and preserves historical session ranges for visual reference and analysis.
🔹 Features
⚙️ How It Works
The indicator monitors price activity during the selected session and dynamically builds a range box from the session High and Low. Once the session ends, the box is preserved as part of the historical session dataset.
🎯 Typical Use Cases
This tool is intended for visual and analytical purposes only and does not provide trading signals.
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🌎 Descripción (Español)
Generic Session Box es una herramienta configurable que permite visualizar el rango de precios generado dentro de sesiones de trading definidas por el usuario.
El indicador dibuja automáticamente una caja que representa el máximo y mínimo alcanzado durante la sesión seleccionada, actualizándose en tiempo real mientras la sesión está activa y conservando el historial de sesiones anteriores.
Generic Session Box is a lightweight and customizable tool designed to visualize price ranges within user-defined trading sessions.
This indicator automatically draws a dynamic box that tracks the High and Low formed during a selected session period. The box updates in real time while the session is active and preserves historical session ranges for visual reference and analysis.
🔹 Features
- Fully customizable session time range
- Timezone selection support
- Real-time session High/Low tracking
- Automatic historical session storage
- Adjustable maximum number of displayed boxes
- Customizable box colors and borders
- Efficient performance and memory management
⚙️ How It Works
The indicator monitors price activity during the selected session and dynamically builds a range box from the session High and Low. Once the session ends, the box is preserved as part of the historical session dataset.
🎯 Typical Use Cases
- Identifying session volatility zones
- Monitoring breakout levels
- Comparing session ranges across days
- Supporting intraday trading strategies
This tool is intended for visual and analytical purposes only and does not provide trading signals.
━━━━━━━━━━━━━━━━━━━━
🌎 Descripción (Español)
Generic Session Box es una herramienta configurable que permite visualizar el rango de precios generado dentro de sesiones de trading definidas por el usuario.
El indicador dibuja automáticamente una caja que representa el máximo y mínimo alcanzado durante la sesión seleccionada, actualizándose en tiempo real mientras la sesión está activa y conservando el historial de sesiones anteriores.
Release Notes
Update – Improved Session Box LogicThe session box now includes dynamic state detection and visual feedback based on what happens after the volatility window closes.
New Behavior
- The box is created during the configured session range.
- Once the session ends, the box enters a trade validation phase.
- During this phase the script monitors for a candle closing outside the volatility box.
- If no breakout occurs before the validity window expires, the box is marked as invalid.
Box States
The box color now reflects its current state:
- Building – The box is currently forming during the session.
- Confirmed – The session has ended and the volatility box is locked.
- Bullish Trade – A candle closes above the box high within the validity window.
- Bearish Trade – A candle closes below the box low within the validity window.
- Invalid – No breakout occurs before the validity window expires.
New Inputs
- Box Building Color
- Box Confirmed Color
- Bullish Trade Color
- Bearish Trade Color
- Invalid Box Color
- Trade Validity (minutes) – Defines how long after the session close a breakout remains valid.
Notes
- Additional features are planned for future iterations.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.