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 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.
Unlock powerful tools & indicators → pointalgo.com
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.
Unlock powerful tools & indicators → pointalgo.com
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.