OPEN-SOURCE SCRIPT
Cập nhật Multi-Session Levels (Exclusive Logic)
Overview
Multi-Session Levels (Exclusive Logic) is a specialized technical analysis tool designed for intraday traders who rely on session-based liquidity and reference levels (Highs, Lows, Opens, and Pivots). Unlike standard session indicators that often clutter the chart with overlapping historical data, this script utilizes a custom "Exclusive Display Logic" to ensure that traders only see the most relevant historical context based on the current time of day.
The primary innovation of this script is its context-aware filtering. When a specific market session is active (e.g., London), the script automatically hides that session's own previous day levels to prevent visual "intrusion" or bias. Instead, it projects the locked reference levels of the other major global sessions (Asia and New York) onto the current price action. This allows traders to focus on cross-session liquidity grabs and breakout retests without the distraction of redundant data.
Technical Methodology & Calculations
The script calculates levels based on the official exchange market hours using native timezones to ensure 100% accuracy regardless of the user's local clock:
Asia (Tokyo Stock Exchange): 09:00 - 15:00 JST
London (London Stock Exchange): 08:00 - 16:30 GMT/BST
New York (New York Stock Exchange): 09:30 - 16:00 EST/EDT
Key Calculations:
PSH / PSL (Previous Session High/Low): Uses a state-machine tracking algorithm that captures the absolute high and low of the defined session window. Once the session window closes, these values are "locked" and projected forward to the next relevant trading day.
PSO (Previous Session Open): Captures the open price of the very first bar within the session string.
PSP (Previous Session Pivot): Calculated as the Midpoint $(High + Low) / 2$ of the completed session, serving as a critical mean-reversion level.
Current Session Open: Identifies the real-time opening price of the active session to monitor current-day bias.
How to Use
Identify Liquidity Pools: Use the PSH (Previous Session High) and PSL (Previous Session Low) labels to identify where "buy-side" and "sell-side" liquidity may be resting from previous global sessions.
Monitor Cross-Session Breaks: While trading London, watch how price reacts to the Asia PSH/PSL. A break and retest of these levels often signals a trend continuation or a fake-out (liquidity sweep).
Pivot Midpoints: Use the PSP (Dashed line) as a value area. Price trading above the PSP generally indicates a bullish session bias, while trading below indicates a bearish bias.
Customization: Use the "Visibility" toggles in the settings to isolate specific levels (like just the Open or just the High/Low) depending on your specific trading strategy.
Settings
Market Hours: Users can refine the session strings if they wish to track "Pre-market" or "Electronic Trading Hours" instead of official exchange hours.
Visibility: Toggle PSH, PSL, PSP, and PSO individually.
Styling: Full control over session colors to match your chart theme.
Multi-Session Levels (Exclusive Logic) is a specialized technical analysis tool designed for intraday traders who rely on session-based liquidity and reference levels (Highs, Lows, Opens, and Pivots). Unlike standard session indicators that often clutter the chart with overlapping historical data, this script utilizes a custom "Exclusive Display Logic" to ensure that traders only see the most relevant historical context based on the current time of day.
The primary innovation of this script is its context-aware filtering. When a specific market session is active (e.g., London), the script automatically hides that session's own previous day levels to prevent visual "intrusion" or bias. Instead, it projects the locked reference levels of the other major global sessions (Asia and New York) onto the current price action. This allows traders to focus on cross-session liquidity grabs and breakout retests without the distraction of redundant data.
Technical Methodology & Calculations
The script calculates levels based on the official exchange market hours using native timezones to ensure 100% accuracy regardless of the user's local clock:
Asia (Tokyo Stock Exchange): 09:00 - 15:00 JST
London (London Stock Exchange): 08:00 - 16:30 GMT/BST
New York (New York Stock Exchange): 09:30 - 16:00 EST/EDT
Key Calculations:
PSH / PSL (Previous Session High/Low): Uses a state-machine tracking algorithm that captures the absolute high and low of the defined session window. Once the session window closes, these values are "locked" and projected forward to the next relevant trading day.
PSO (Previous Session Open): Captures the open price of the very first bar within the session string.
PSP (Previous Session Pivot): Calculated as the Midpoint $(High + Low) / 2$ of the completed session, serving as a critical mean-reversion level.
Current Session Open: Identifies the real-time opening price of the active session to monitor current-day bias.
How to Use
Identify Liquidity Pools: Use the PSH (Previous Session High) and PSL (Previous Session Low) labels to identify where "buy-side" and "sell-side" liquidity may be resting from previous global sessions.
Monitor Cross-Session Breaks: While trading London, watch how price reacts to the Asia PSH/PSL. A break and retest of these levels often signals a trend continuation or a fake-out (liquidity sweep).
Pivot Midpoints: Use the PSP (Dashed line) as a value area. Price trading above the PSP generally indicates a bullish session bias, while trading below indicates a bearish bias.
Customization: Use the "Visibility" toggles in the settings to isolate specific levels (like just the Open or just the High/Low) depending on your specific trading strategy.
Settings
Market Hours: Users can refine the session strings if they wish to track "Pre-market" or "Electronic Trading Hours" instead of official exchange hours.
Visibility: Toggle PSH, PSL, PSP, and PSO individually.
Styling: Full control over session colors to match your chart theme.
Phát hành các Ghi chú
Renamed the text of the each sessions levels. Also added new customization options for each levels
- line color
- line format ( dashed, dotted, straight, etc..)
- Customization of naming of each sessions levels ( Example: Asia Current Open - change to Tokyo CO or Tokyo Current Open or TKY CO etc…)
Phát hành các Ghi chú
Turned off all other indicators so that the Multi-Session Levels ( Exclusive Logic ) is only visible in the chart. To follow TradingViews guidelines Phát hành các Ghi chú
Updating Chart Sorry for inconvenience Phát hành các Ghi chú
Fix code so that Each session levels can be turned off and on independently Phát hành các Ghi chú
Added new trading session based on US overnight futures session but ( Asia/Globex session)Also added the Tokyo session levels. All levels and lines are completely customizable
Phát hành các Ghi chú
Updated the session hours for Tokyo and Asia/Globex/ Overnight sessions Phát hành các Ghi chú
updating chart so the indicator is visibleMã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.