MTF Session Range Fibonacci

MTF Session Range Fibonacci is a multi-timeframe indicator designed to map high-probability price reaction levels using a fixed intraday session range and Fibonacci projections.

The indicator first identifies a user-defined session window and records the session high and low. Once the session completes, it builds a complete Fibonacci structure from that range, including retracements and extensions above and below the session boundaries. These levels act as support, resistance, targets, and extreme reaction zones, commonly used for intraday and swing trading.

All calculations can be sourced from a higher or custom timeframe, allowing traders to project higher-timeframe structure onto lower-timeframe charts. This helps align entries with broader market context rather than relying on isolated chart data.

To provide trend confirmation, the indicator includes:

A Parabolic Weighted Moving Average (PWMA) to highlight directional bias and momentum strength.

A 50 / 200 EMA crossover system to identify potential trend shifts and dominant market direction.

Visual elements such as color-coded Fibonacci levels, informative tooltips, crossover markers, and optional fills between price and PWMA improve readability while keeping the chart structured.

This indicator is best suited for traders who rely on session-based structure, Fibonacci reactions, and multi-timeframe trend alignment, particularly in indices, forex, and futures markets.