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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.
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Free telegram channel t.me/alexmasterforex
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
Free telegram channel t.me/alexmasterforex
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。