OPEN-SOURCE SCRIPT
E9 UK/US/ASIA-Session
E9 Multi-Session Indicator: Purpose & Importance
This PineScript indicator highlights three key trading sessions (US, Asia, UK) on your chart, color-coding their active hours and tracking price extremes (highs/lows) during these periods.
What It Does:
Session Timings (GMT):
US: 13:00–22:00 (Blue)
Asia: 23:00–06:00 (Yellow)
UK: 09:00–16:00 (White)
Marks session starts/ends with circles.
Plots session-specific high/low lines.
Customizable times and colors for flexibility.
Why It Matters:
Volatility Awareness:
Major markets drive price action during their sessions. The US session (13:00–22:00 GMT) often overlaps with other regions, increasing volatility.
Strategic Timing: Align trades with peak liquidity (e.g., during the US session) or prepare for quieter periods (e.g., Asia session).
Key Levels: Session highs/lows often act as support/resistance. Tracking these helps identify breakout or reversal opportunities.
By visualizing session activity, traders can optimize entry/exit timing and adapt strategies to market rhythms.
This PineScript indicator highlights three key trading sessions (US, Asia, UK) on your chart, color-coding their active hours and tracking price extremes (highs/lows) during these periods.
What It Does:
Session Timings (GMT):
US: 13:00–22:00 (Blue)
Asia: 23:00–06:00 (Yellow)
UK: 09:00–16:00 (White)
Marks session starts/ends with circles.
Plots session-specific high/low lines.
Customizable times and colors for flexibility.
Why It Matters:
Volatility Awareness:
Major markets drive price action during their sessions. The US session (13:00–22:00 GMT) often overlaps with other regions, increasing volatility.
Strategic Timing: Align trades with peak liquidity (e.g., during the US session) or prepare for quieter periods (e.g., Asia session).
Key Levels: Session highs/lows often act as support/resistance. Tracking these helps identify breakout or reversal opportunities.
By visualizing session activity, traders can optimize entry/exit timing and adapt strategies to market rhythms.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.