OmniSessions [WinWorld]

17 בנוב׳ 2023

The indicator shows the range of 4 most popular sessions (New York, Tokyo, London, Sydney). Sessions are used to identify zones with maximum volatility, as well as to find entry points. Session boundaries can act as POI no worse than OrderBlock.

In addition to sessions, you can use settings with KillZones - a range within a session that has potentially high volatility.

Silver Bullet is a more advanced range that allows you to identify the potential for maximum volatility. Excellent entry points can be obtained on the sweep of the range or from the nearest orderblock. We will explain it a bit deeply below.

Why use sessions?
During specific sessions big financial instutions from specific parts of the world enter the market, and this fact alone let us find the most "liquid" sessions in order to catch the best price movements. If talking about orderblocks, it is just a point of interest (more precisely, it is actually a zone of interest), which usually is a zone where the signficant amount of limit orders lies, and when price enter such zone, it immediately shows a strong reaction with either breakout from this zone or it bounces against this zone.

How is this indicator different from others?
There a lot of orderblocks indicator out here publicly available, but huge portion of them doesn't take into calculation important smart money concepts, such as valid pullbacks, for example. Valid pullbacks is a concept of price movement, which lets us indentify quite precisely price's impulses. Based on this impulses, we search our orderblocks. This approach allows to catch the most relevant and highly liquid orderblocks, which present traders with best trade entry opportunities, because usually, when entering with these orderblocks, you follow the moves of big money players, and that gives trader an edge in trading. None of open-source indicators uses such approach (we've studied all of them). Also an important notice: no public code is utilized in this indicato whatsoever. We've build our own flexible session mechanism, which allows you to quickly change between different type of sessions and also choose which session to use. And the big thing is our own alorithm to deal with asset, trading sessions of which are quite exotic (such as DAX and MEOX indexes, which close and open at different times of the day, which makes it hard for indicator to catch by default), so with indicator you can enjoy trading by sessions with no "bugs".

And the most user-desired and important thing: we've implemented feature to set winter and summer seasons for sessions, and this solves life-long struggle of traders to set correct trading session time, when forex exchanges switch trading hours, so now you don't need to info which our summer or winter is traded by, but just switch between seasons by one button in our indicator. And we can proudly state, no sesions indicator in the TradingView has such feature, so feel free to use it now on our indicator.

How orderblocks are built?
When London, New York or Asia ends, we find the closest orderblocks above and below closed session's high and low respectively. We do it by finding so called valid pullbacks (was explained above), then searching for valid fair value gap (FVG), that is inside of some valid pullbacks, and if we find it, then the orderblock is established and you will live orderblock and fair value gap (FVG) box (both are colored in closed session's colour).

How are orderblocks and FVG displayed on the chart?
Live orderblock and FVG are displayed as boxes on the chart, that are plolonged each bar if price didn't reach the orderblock.

Some important details:

• When price touches FVG, FVG then is modified to reflect how much of untouched FVG is left. You will see it as decreasing of FVG box size in live mode. If price fully takes over FVG, FVG deletes;
  
• When price touches orderblock, orderblock stops being prolonged and stays on the chart and is considered as worked-out.
  

These featues allow you to fully see live orderblocks and FVGs (if they exist) and already worked-out orderblocks to see how useful they were in the history.

Is that it?
No, because our indicator also shows sessions sweeps, which is historically a good indication that price grabbed the liquidity of previously closed sessions and now has enough "power" to do big movements, which is a good thing for traders, because it allows them to catch big movements and profit big.

Ok, we've covered the basics, now let's talk about what exactly this indicator can do.

OmnISessions is all-in-one sessions' indicator, that cointain:

• Sessions (Automatic adaptation to your time zone)
  
• Kill Zones
• Silver Bullets
• Session Sweeps
• Order Blocks (Session, Killzone, SilverBullet)
  
• Easily switch between summer and winter seasons
  

Now you don't need to look for opening and closing times of stock exchanges: the algorithm itself adjusts the session times according to your timezone. Just change the seasonality: winter/summer and the session times will be clearly displayed on your chart.

A quick view of the settings:

• Show: Sessions, KillZones or SilverBullet
  
• Season selection: Winter/Summer
  
• Session Color Selection
  

Visuals:

• Show/Hide session name - displays session name (ex.: London, New York, Silver Bullet and etc.) on the chart;
  
• Show/Hide session box - displays session range as box with coloured background on the chart;
  
• Show/Hide High/Low sessions - displays two horizontal lines for higher and lower borders of the session;
  
• Show/Hide OrderBlocks - displays worked-out orderblocks in the history with live orderblocks and their fair value gaps (FVGs);
  
• Show/Hide live Session High/Low - displays higher and lower border of the session as lines, that are prolonged each bar even after the session ends;
  
• Show/Hide Session Sweeps - displays session sweeps of higher and lower border as dotted line;
  

Dividers (alternative session display):
Horizontal Divider
Backgrounder coloring



Customization: choose the display type: Sessions, Killzones or Silver Bullet.


The indicator displays orders that are above or below the previous session boundaries.

Below are Killzones with Order Blocks:


And this is Silver Bullet with Order Blocks:


Overall, you can clearly see that orderblocks, sessions sweeps and different type of sessions in one indicator allow you to fully utilize your time and mental energy, because finding orderblocks with valid pullbacks by hand is quite time-costly task, but finding them on different type of sessions, while not knowing trading hours of current trading session, is the true hell of work. OmniSessions indicator performs all of these calculations by itself, so you can focus on finding the best entries, while checking the situation on different sessions at the same time.

We hope that you will find great use of OmniSessions!