OPEN-SOURCE SCRIPT
EU & US Open Levels (session trading)
📌 EU & US Open Levels (Session Trading)
EU & US Open Levels is a simple yet highly practical indicator that automatically marks the opening price levels of the European and U.S. trading sessions on a daily basis.
These levels are widely used in intraday trading as they often act as:
support and resistance zones
key reaction points
reference levels for trend continuation or reversal
⚙️ How it works
The indicator tracks each new trading day and automatically:
captures the opening price at the defined EU session hour
captures the opening price at the defined US session hour
resets all values at the start of a new day
displays levels only for the current day (no historical clutter)
The levels are plotted as horizontal lines and remain active throughout the session.
🔧 Settings
EU Session Open Hour (UTC) – defines the European session open time
US Session Open Hour (UTC) – defines the U.S. session open time
👉 Default values are based on UTC time and can be adjusted to match your broker or personal trading setup.
📊 How to use
This indicator is especially useful for intraday and scalping strategies.
🔹 Trend bias
Price above EU/US open → bullish bias
Price below EU/US open → bearish bias
🔹 Entry ideas
Pullbacks to EU or US open levels can offer potential entry zones
Break and hold above/below these levels may indicate trend continuation
🔹 Session range
The area between EU and US open levels can define an intraday range
Breakouts from this range often lead to stronger momentum moves
🎯 Key advantages
Clean and minimal chart visualization
Automatic daily reset
Works on all timeframes
Easily combined with price action, EMA, ATR, or structure-based systems
⚠️ Disclaimer
This indicator does not provide buy or sell signals and should not be considered a standalone trading strategy.
It is designed as a support tool for market structure and session-based analysis.
📌 Summary
EU and US open levels are simple yet powerful reference points in intraday trading. This indicator helps you track them consistently and efficiently on any chart.
EU & US Open Levels is a simple yet highly practical indicator that automatically marks the opening price levels of the European and U.S. trading sessions on a daily basis.
These levels are widely used in intraday trading as they often act as:
support and resistance zones
key reaction points
reference levels for trend continuation or reversal
⚙️ How it works
The indicator tracks each new trading day and automatically:
captures the opening price at the defined EU session hour
captures the opening price at the defined US session hour
resets all values at the start of a new day
displays levels only for the current day (no historical clutter)
The levels are plotted as horizontal lines and remain active throughout the session.
🔧 Settings
EU Session Open Hour (UTC) – defines the European session open time
US Session Open Hour (UTC) – defines the U.S. session open time
👉 Default values are based on UTC time and can be adjusted to match your broker or personal trading setup.
📊 How to use
This indicator is especially useful for intraday and scalping strategies.
🔹 Trend bias
Price above EU/US open → bullish bias
Price below EU/US open → bearish bias
🔹 Entry ideas
Pullbacks to EU or US open levels can offer potential entry zones
Break and hold above/below these levels may indicate trend continuation
🔹 Session range
The area between EU and US open levels can define an intraday range
Breakouts from this range often lead to stronger momentum moves
🎯 Key advantages
Clean and minimal chart visualization
Automatic daily reset
Works on all timeframes
Easily combined with price action, EMA, ATR, or structure-based systems
⚠️ Disclaimer
This indicator does not provide buy or sell signals and should not be considered a standalone trading strategy.
It is designed as a support tool for market structure and session-based analysis.
📌 Summary
EU and US open levels are simple yet powerful reference points in intraday trading. This indicator helps you track them consistently and efficiently on any chart.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Free telegram channel t.me/alexmasterforex
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Free telegram channel t.me/alexmasterforex
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.