OPEN-SOURCE SCRIPT
[SkuldX] Trading Sessions + ADR Targets
SkuldX Trading Sessions + ADR Targets — Unified Session & Statistical Range Intelligence
by SkuldX Trading Systems
What is it?
SkuldX Trading Sessions + ADR Targets combines two of the most powerful concepts in intraday technical analysis into a single overlay indicator. It visualizes all four major trading sessions with their High, Low, and Midpoint levels — and simultaneously projects statistically-derived daily price targets using the Average Daily Range. Instead of switching between multiple tools, you get the complete session and volatility picture on one chart.
Session visualization
The indicator tracks four sessions using New York timezone with automatic DST adjustment:
🟠 Asian Session — 19:00–04:00 NY. The accumulation phase where liquidity is built. Asian High and Low define the range that London and New York will interact with.
🔵 London Session — 03:00–12:00 NY. The first major institutional session. Often initiates the directional move of the day by breaking Asian range boundaries.
🟢 New York Session — 09:30–16:00 NY. Highest liquidity. Most significant price moves and OI events occur here.
🟡 London + NY Overlap — 09:30–12:00 NY. The most volatile window of the trading day. Both institutional pools active simultaneously.
Each session displays its High, Low, and optional Midpoint as horizontal lines that extend across the chart for the duration of that session. Historical sessions remain visible for backtesting and pattern recognition.
ADR Target levels
The Average Daily Range is calculated as the simple mean of completed daily High minus Low values over your chosen period. From this single number, the indicator projects price targets in two distinct modes — both can be active simultaneously.
Mode 1 — Daily Open targets
Projects the ADR symmetrically above and below the 00:00 NY daily open:
Open + ADR — the statistical upside limit for the day
Open - ADR — the statistical downside limit for the day
This mode tells you where price is expected to reach if the day moves in either direction from its opening price.
Mode 2 — Asian High/Low targets
Projects the ADR from the Asian session extremes after the Asian session closes at 04:00 NY:
Asian Low + ADR — the bullish daily target. If the day is trending up, this is where price statistically exhausts itself after departing from the Asian floor.
Asian High - ADR — the bearish daily target. If the day is trending down from the Asian ceiling, this is the statistical destination.
This mode is more practical for intraday directional trading because it accounts for where the day actually started its directional move rather than where the clock rolled over to midnight.
Mode 3 — Both simultaneously
Shows all four levels at once. The Daily Open zone (solid fill) and the Asian target zone (lighter fill) overlay each other. When they converge at similar prices, those confluences carry significantly higher weight as targets and reversal points.
Zone fill
The shaded area between the Bull and Bear target for each mode gives an immediate visual read on today's expected range. Price inside the zone has statistical room to move in either direction. Price approaching the zone boundary indicates potential exhaustion.
Range Used %
Each ADR label shows how much of the average daily range has already been consumed today — for example Open+ [ADR 87.30] 72% used. This answers the core intraday question: how much room does the market have left?
Below 50% — substantial range remaining, directional moves viable
50–80% — range being consumed, watch ADR levels for slowdowns
Above 90% — statistical exhaustion, high reversal or consolidation risk
Above 100% — unusual expansion day, often news or institutional driven
Alerts
A configurable alert fires when the daily range consumed exceeds your threshold. The message includes the ADR value, percentage consumed, and both Asian target levels — giving full context without needing to check the chart.
Settings reference
Session groups — each session has independent color, label, and H/L/Mid level toggles
Level Line Width / Style — visual style for session H/L/Mid lines
Show Midpoint Level — toggle the session midpoint line
Show ADR Targets — master toggle for all ADR levels
ADR Period (days) — how many completed days to average. Default 14. Use 5 for recent volatility, 20 for longer-term reference.
ADR Base Mode — Daily Open / Asian High/Low / Both
ADR Target Color — color for all ADR target lines and fills
Show Zone Fill — toggle the shaded zone between bull and bear targets
Fill Transparency — opacity of the zone fill
Show ADR Labels — toggle right-edge labels
Show Range Used % — include consumption percentage in labels
Label Offset — horizontal distance from last bar to labels
ADR Line Width / Style / Label Size — visual customization
Enable Exhaustion Alert / Alert Threshold % — configure the range exhaustion notification
How to use it in practice
Reading the day before it starts — when Asian session closes at 04:00 NY, the Asian Bull and Bear targets appear immediately. Combined with the London Bias (did London open above or below Asian Mid?), you have a directional hypothesis and a statistical price target before London and NY even reach full activity.
Identifying high-probability targets — when an ADR target level aligns with a session High or Low from a previous session, that confluence becomes a significant reference. For example, if Asian Bull Target coincides with the previous day's London High, price reaching that area carries double the structural significance.
Managing trades — use ADR targets as take-profit references. If price is approaching Asian Bull Target with 85%+ range consumed, the statistical case for further upside deteriorates. Consider taking profit rather than holding for extension.
Filtering entries — avoid entering new directional longs when price is already near the ADR Bull Target with high range used. The edge has diminished. Wait for a fresh session reset.
Overlap as the trigger — the Overlap zone (09:30–12:00 NY) highlighted in yellow is where ADR targets are most frequently reached or rejected. Watch how price behaves at ADR levels during this window. A clean rejection at Asian Bull Target during Overlap with declining momentum is a high-probability reversal setup.
Combining with OI data — if price reaches Asian Bull Target while OI Delta shows Short Squeeze conditions, the move is likely unsustained. If price reaches the same level with Bullish Trend OI, the day may extend beyond the statistical average.
Why 00:00 NY as the daily open
Crypto trades 24/7 without a traditional open. The New York midnight open is used as the anchor because it aligns with institutional risk resets and matches the TDO reference used across the full SkuldX suite. All session times use America/New_York timezone with automatic DST handling — no manual adjustment needed across summer and winter.
Built for SkuldX ecosystem
SkuldX Trading Sessions + ADR Targets is the central context layer of the SkuldX suite. Session structure and statistical range targets combined with OI Delta signals, Level Patterns reactions, and FVG analysis provide a complete institutional picture of where price is likely to move, pause, or reverse on any given day.
by SkuldX Trading Systems
What is it?
SkuldX Trading Sessions + ADR Targets combines two of the most powerful concepts in intraday technical analysis into a single overlay indicator. It visualizes all four major trading sessions with their High, Low, and Midpoint levels — and simultaneously projects statistically-derived daily price targets using the Average Daily Range. Instead of switching between multiple tools, you get the complete session and volatility picture on one chart.
Session visualization
The indicator tracks four sessions using New York timezone with automatic DST adjustment:
🟠 Asian Session — 19:00–04:00 NY. The accumulation phase where liquidity is built. Asian High and Low define the range that London and New York will interact with.
🔵 London Session — 03:00–12:00 NY. The first major institutional session. Often initiates the directional move of the day by breaking Asian range boundaries.
🟢 New York Session — 09:30–16:00 NY. Highest liquidity. Most significant price moves and OI events occur here.
🟡 London + NY Overlap — 09:30–12:00 NY. The most volatile window of the trading day. Both institutional pools active simultaneously.
Each session displays its High, Low, and optional Midpoint as horizontal lines that extend across the chart for the duration of that session. Historical sessions remain visible for backtesting and pattern recognition.
ADR Target levels
The Average Daily Range is calculated as the simple mean of completed daily High minus Low values over your chosen period. From this single number, the indicator projects price targets in two distinct modes — both can be active simultaneously.
Mode 1 — Daily Open targets
Projects the ADR symmetrically above and below the 00:00 NY daily open:
Open + ADR — the statistical upside limit for the day
Open - ADR — the statistical downside limit for the day
This mode tells you where price is expected to reach if the day moves in either direction from its opening price.
Mode 2 — Asian High/Low targets
Projects the ADR from the Asian session extremes after the Asian session closes at 04:00 NY:
Asian Low + ADR — the bullish daily target. If the day is trending up, this is where price statistically exhausts itself after departing from the Asian floor.
Asian High - ADR — the bearish daily target. If the day is trending down from the Asian ceiling, this is the statistical destination.
This mode is more practical for intraday directional trading because it accounts for where the day actually started its directional move rather than where the clock rolled over to midnight.
Mode 3 — Both simultaneously
Shows all four levels at once. The Daily Open zone (solid fill) and the Asian target zone (lighter fill) overlay each other. When they converge at similar prices, those confluences carry significantly higher weight as targets and reversal points.
Zone fill
The shaded area between the Bull and Bear target for each mode gives an immediate visual read on today's expected range. Price inside the zone has statistical room to move in either direction. Price approaching the zone boundary indicates potential exhaustion.
Range Used %
Each ADR label shows how much of the average daily range has already been consumed today — for example Open+ [ADR 87.30] 72% used. This answers the core intraday question: how much room does the market have left?
Below 50% — substantial range remaining, directional moves viable
50–80% — range being consumed, watch ADR levels for slowdowns
Above 90% — statistical exhaustion, high reversal or consolidation risk
Above 100% — unusual expansion day, often news or institutional driven
Alerts
A configurable alert fires when the daily range consumed exceeds your threshold. The message includes the ADR value, percentage consumed, and both Asian target levels — giving full context without needing to check the chart.
Settings reference
Session groups — each session has independent color, label, and H/L/Mid level toggles
Level Line Width / Style — visual style for session H/L/Mid lines
Show Midpoint Level — toggle the session midpoint line
Show ADR Targets — master toggle for all ADR levels
ADR Period (days) — how many completed days to average. Default 14. Use 5 for recent volatility, 20 for longer-term reference.
ADR Base Mode — Daily Open / Asian High/Low / Both
ADR Target Color — color for all ADR target lines and fills
Show Zone Fill — toggle the shaded zone between bull and bear targets
Fill Transparency — opacity of the zone fill
Show ADR Labels — toggle right-edge labels
Show Range Used % — include consumption percentage in labels
Label Offset — horizontal distance from last bar to labels
ADR Line Width / Style / Label Size — visual customization
Enable Exhaustion Alert / Alert Threshold % — configure the range exhaustion notification
How to use it in practice
Reading the day before it starts — when Asian session closes at 04:00 NY, the Asian Bull and Bear targets appear immediately. Combined with the London Bias (did London open above or below Asian Mid?), you have a directional hypothesis and a statistical price target before London and NY even reach full activity.
Identifying high-probability targets — when an ADR target level aligns with a session High or Low from a previous session, that confluence becomes a significant reference. For example, if Asian Bull Target coincides with the previous day's London High, price reaching that area carries double the structural significance.
Managing trades — use ADR targets as take-profit references. If price is approaching Asian Bull Target with 85%+ range consumed, the statistical case for further upside deteriorates. Consider taking profit rather than holding for extension.
Filtering entries — avoid entering new directional longs when price is already near the ADR Bull Target with high range used. The edge has diminished. Wait for a fresh session reset.
Overlap as the trigger — the Overlap zone (09:30–12:00 NY) highlighted in yellow is where ADR targets are most frequently reached or rejected. Watch how price behaves at ADR levels during this window. A clean rejection at Asian Bull Target during Overlap with declining momentum is a high-probability reversal setup.
Combining with OI data — if price reaches Asian Bull Target while OI Delta shows Short Squeeze conditions, the move is likely unsustained. If price reaches the same level with Bullish Trend OI, the day may extend beyond the statistical average.
Why 00:00 NY as the daily open
Crypto trades 24/7 without a traditional open. The New York midnight open is used as the anchor because it aligns with institutional risk resets and matches the TDO reference used across the full SkuldX suite. All session times use America/New_York timezone with automatic DST handling — no manual adjustment needed across summer and winter.
Built for SkuldX ecosystem
SkuldX Trading Sessions + ADR Targets is the central context layer of the SkuldX suite. Session structure and statistical range targets combined with OI Delta signals, Level Patterns reactions, and FVG analysis provide a complete institutional picture of where price is likely to move, pause, or reverse on any given day.
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.
Visit skuldxtrade.com to learn more about SkuldX Trading Systems.
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.
Visit skuldxtrade.com to learn more about SkuldX Trading Systems.
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.