OPEN-SOURCE SCRIPT
Key Levels & Sessions
This is a professional-grade institutional key levels indicator designed for day traders who focus on session liquidity and high-volume price levels. The script provides a comprehensive view of the trading day by marking critical boundaries and institutional reference points, all strictly synchronized to the **America/New_York** (EST) timezone.
### **Key Features:**
#### **1. Institutional Daily Levels**
* **Previous Day High (PDH) & Low (PDL):** Marked with solid purple lines, these represent the most basic yet powerful liquidity levels from the prior trading day.
* **Previous Day Point of Control (POC):** A solid white line calculated using a Volume Profile algorithm. It identifies the price level where the most trading activity occurred during the previous session, acting as a "magnet" for price.
#### **2. Global Session Ranges**
* **Asia Session (8:00 PM - 2:00 AM EST):** Plotted in orange. This captures the initial range of the global trading cycle.
* **London Session (4:00 AM - 9:30 AM EST):** Plotted in blue. This identifies the volatility often seen during the European open leading into the New York session.
#### **3. New York 15-Minute Opening Range (ORB)**
* **ORB Box:** Automatically captures the high and low of the first 15 minutes of the New York session (9:30 AM - 9:45 AM EST).
* **Midline Projection:** Features a yellow dashed midline within the ORB box, a critical level often used by traders to determine intraday bias.
#### **4. Dynamic Projection & Cleanup**
* **Extension to Market Close:** Once established, every level (Asia, London, ORB, and PD levels) automatically projects forward to the **5:00 PM EST market close**.
* **Automatic Reset:** To keep your workspace clean and professional, the indicator utilizes an object-tracking system that deletes all drawings from the previous day at exactly 5:00 PM EST, allowing the chart to "reset" for the new Asia session.
* **Right-Anchored Labels:** All levels are clearly labeled on the right side of the chart, ensuring identification is instant without interfering with live price action candles.
### **How to Use:**
This tool is best used on **lower timeframes (1m to 15m)**. Traders often look for price to react at these levels—either as support/resistance or as "liquidity grabs" where price sweeps a session high/low before reversing. The NY ORB box provides a clear breakout or mean-reversion zone for the morning trend.
### **Key Features:**
#### **1. Institutional Daily Levels**
* **Previous Day High (PDH) & Low (PDL):** Marked with solid purple lines, these represent the most basic yet powerful liquidity levels from the prior trading day.
* **Previous Day Point of Control (POC):** A solid white line calculated using a Volume Profile algorithm. It identifies the price level where the most trading activity occurred during the previous session, acting as a "magnet" for price.
#### **2. Global Session Ranges**
* **Asia Session (8:00 PM - 2:00 AM EST):** Plotted in orange. This captures the initial range of the global trading cycle.
* **London Session (4:00 AM - 9:30 AM EST):** Plotted in blue. This identifies the volatility often seen during the European open leading into the New York session.
#### **3. New York 15-Minute Opening Range (ORB)**
* **ORB Box:** Automatically captures the high and low of the first 15 minutes of the New York session (9:30 AM - 9:45 AM EST).
* **Midline Projection:** Features a yellow dashed midline within the ORB box, a critical level often used by traders to determine intraday bias.
#### **4. Dynamic Projection & Cleanup**
* **Extension to Market Close:** Once established, every level (Asia, London, ORB, and PD levels) automatically projects forward to the **5:00 PM EST market close**.
* **Automatic Reset:** To keep your workspace clean and professional, the indicator utilizes an object-tracking system that deletes all drawings from the previous day at exactly 5:00 PM EST, allowing the chart to "reset" for the new Asia session.
* **Right-Anchored Labels:** All levels are clearly labeled on the right side of the chart, ensuring identification is instant without interfering with live price action candles.
### **How to Use:**
This tool is best used on **lower timeframes (1m to 15m)**. Traders often look for price to react at these levels—either as support/resistance or as "liquidity grabs" where price sweeps a session high/low before reversing. The NY ORB box provides a clear breakout or mean-reversion zone for the morning trend.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.