Asian Range x MNOR STDV°This script is an enhanced version of the "Fridays Asian Range" indicator, originally created by Toodegrees, with additional features inspired by ICT (Inner Circle Trader) concepts. It is designed to help traders identify key price levels and visualize building the daily power of three during the main trading sessions, incorporating quadrant levels to divide the range into meaningful zones for better decision-making.
Key Features
Asian and Midnight Opening Ranges:
Plots the high and low of the Asian session (7:00 PM - 12:00 AM EST) and Midnight Opening Range (12:00 AM - 12:30 AM EST).
Displays the range as a box on the chart, with customizable colors and styles.
Standard Deviation Levels:
Extends the range by plotting standard deviation levels above and below the high and low of the range.
These levels help identify potential support and resistance zones beyond the range.
Quadrant Levels (0.25, 0.50, 0.75):
Divides the range into four equal parts using horizontal lines at the 0.25, 0.50, and 0.75 levels.
These levels are inspired by ICT's concept of balance and imbalance, helping traders identify areas of value within the range.
Fully customizable: Users can choose the line color, style (Dashed, Dotted, Solid), and thickness (1-4).
Historical Sessions:
Allows users to display historical ranges for up to 20 sessions, providing context for price action over multiple days.
Timeframe Restriction:
Ensures the indicator is used on timeframes of 15 minutes or lower for optimal accuracy.
