OPEN-SOURCE SCRIPT

Asia Session Slope Line

135
## Function Description: Asia Session Slope Line Indicator

This Pine Script indicator analyzes and visualizes the price movement during the Asia trading session.

### What It Does:

**1. Tracks Asia Session Boundaries**
- Monitors when the Asia session starts (default: 00:00 exchange time)
- Monitors when the Asia session ends (default: 09:00 exchange time)
- Places visual markers (green triangle up at start, orange triangle down at end)

**2. Captures Price Data**
- Records the **closing price** at the exact moment the Asia session begins
- Records the **closing price** at the exact moment the Asia session ends
- Tracks the **highest high** and **lowest low** during the entire session

**3. Draws Slope Line**
- Draws a straight line connecting the session start price to the session end price
- Line is **green** if price went up (positive slope)
- Line is **red** if price went down (negative slope)
- Line stops exactly at session boundaries (no extension)

**4. Calculates Slope**
- Computes slope as: `(End Price - Start Price) / Number of Bars`
- This represents the average price change per bar during the session

**5. Displays Slope Value**
- Places a label at the **center** of the Asia session (both horizontally and vertically)
- Shows the slope number with **+ or - prefix** (e.g., "+0.0023" or "-0.0015")
- **White text** on colored background (green for positive, red for negative)
- Label positioned at midpoint between session high and low for clear visibility

### Practical Use:
- Quickly identify Asia session trend direction
- Measure the strength/rate of price movement during Asian hours
- Compare multiple Asia sessions at a glance
- Useful for forex traders monitoring Asian liquidity and price action

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.