malk1903

ICT Sessions_One Setup for Life [MK]

malk1903 Aktualisiert   
The script plots the High/Low of the following trading sessions:

London - 02:00-05:00
NY AM - 09:30-12:00
New York Lunch - 12:00-13:30
New York PM - 13:30-16:00

Due to the high level of liquidity (resting orders), highs and lows of these sessions may be used as buy/sell areas and also as profit target areas. Typically, buy orders would be initiated below a session low and sell orders would be initiated above a
session high.

The script also plots 'RTH (Regular Trading Hours) Opening Gaps'. The RTH gaps are drawn from the closing price of regular trading at 16:15 (EST) to the open price of regular trading at 09:30 (EST). Gaps can be areas that traders might anticipate to be filled at some time in the future. A gap 'midline' is available if needed and yesterday RTH close line can be shown and extended to the current bar.

This script is simply a means to draw boxes around certain areas/periods on the charts. It is in no way a trading strategy and users should spend much time to study the concept and should also perform extensive back-testing before taking any trades.
By setting the lookback value to a much higher value then the default of 6, users can utilise the script to perform their own backtesting studies.

The above chart shows the default setup of the indicator. Note that the user has to choose how far (in days) to lookback and draw the sessions/gaps.

It is also possible to show the session high//low lines and extend them to the current bar time. If this is used it is advised to keep the lookback period as low as possible to ensure charts stay clean/uncluttered.

All boxes/lines styles/colors are fully customisable.
Versionshinweise:
Added Session H/L mitigation
RTH gaps + midlines extend to current bar
Default lookback days to 10
Default RTH gaps + midlines lookback to 3
Versionshinweise:
Added option for session 50% line
Added option for user to decide how many hours forward RTH gaps are projected
Added RTH gap 25%/75% line options
Versionshinweise:
added 00:00 and 08:30 (EST) opening lines
Versionshinweise:
fixed issue with RTH gap displaying incorrectly when new week has daylight savings. ie timezone changes from GMT-5 to GMT-4.
Versionshinweise:
Update to restore 00:00 and 08:30 open lines which went missing when I published an old version by mistake.
Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.

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