Session extensions [dani]

Session Extension [dani]

Indicator Description

The Session Extensions [dani] indicator is a customizable tool designed to visually represent key price levels during a specified trading session. It calculates and displays the high, low, and midpoints of the session, along with extension levels based on user-defined multipliers. These extensions help traders identify potential support and resistance zones beyond the initial session range.

This indicator is particularly useful for intraday traders who rely on session-based analysis to make informed decisions. It overlays directly on the chart, ensuring seamless integration with price action.

Key Features

[#1] Session-Based Analysis : Tracks and highlights key price levels (high, low, midpoint) during a specific trading session.

[#2] Customizable Extension Levels : Allows users to define up to six extension levels (both above and below the session range) with unique multipliers, colors, styles, and widths.

[#3] Real-Time Updates : Automatically updates during the active session and resets at the start of a new session.

Usage Guidelines

[-1] Add the Indicator to Your Chart : Apply the Session Extensions [dani] indicator to your chart to visualize key session-based levels.

[-2] Intraday Focus : This indicator is optimized for intraday trading. Ensure that the chart's timeframe is set to an intraday interval (e.g., 1-minute, 5-minute).

[-3] Session Alignment : Verify that the session time aligns with your trading schedule and timezone. Misalignment may result in incorrect session detection. (This indicator use America - New York timezone)

[-4] Avoid Overcrowding : While the indicator supports multiple extension levels, enabling too many levels simultaneously may clutter the chart. Use discretion when configuring extension levels.

[-5] Customize Line Styles and Colors : Tailor the appearance of lines and labels to align with your trading style. Use solid, dashed, or dotted lines, and choose colors that enhance visibility without cluttering the chart.

[-6] Combine with Other Tools : Pair this indicator with other technical analysis tools (e.g., moving averages, volume profiles) to enhance decision-making.

Disclaimer & Chat

• The Session Extensions [dani] indicator is intended for educational and analytical purposes only. It does not provide financial advice or guarantee trading success. Users are responsible for verifying the accuracy of session times and ensuring proper configuration before using the indicator in live trading. This indicator is not a trading signal generator.
  
  
• Thank you for choosing this indicator! I hope it becomes a valuable part of your trading toolkit. Remember, trading is a journey, and having the right tools can make all the difference. Whether you're a seasoned trader or just starting out, this indicator is designed to help you stay organized and focused on what matters most—price action. Happy trading, and may your charts be ever in your favor! 😊
  

From, Dani. [13.4.2025]