Session Breaker with Pivots and VWAP (Arjo)

Session Breaker with Pivots and VWAP: A complete intraday trading toolkit in one clean indicator.
This indicator combines four powerful tools that help traders understand intraday bias with clarity and confidence.
It plots the previous day’s last 30-minute high/low box (IST: 15:00–15:30), the first-hour anchored VWAP (IST: 09:15–10:15), daily pivot levels, and ATR-based dynamic support/resistance.

Key Features:
• Custom Session High & Low (default 30-min opening range or any session you choose)
→ Visual colored box that instantly changes color when price breaks above the high (cyan) or below the low (purple)
→ The separate darker box shows the exact opening-range boundaries

• Previous Day Classic Pivot Points (PP, BC, TC) + previous session midpoint
→ Clean horizontal lines that auto-update every day

• Morning Session VWAP (default 09:15–10:15 or fully customizable)
→ Perfect reference for early trend strength

• Dynamic Support & Resistance channel based on 20 EMA ± 1×ATR
→ Shaded zones for quick visual context

How to use this tool

//---------------Morning behavior----------------------------
Scenario 1: Opening above previous 30-min high + above 1-hr VWAP

# Institutions were buying heavily in the last 30 minutes yesterday
# Fresh buying continues today above VWAP.

→ Strong bullish continuation day

Scenario 2: Opening inside yesterday's last 30 Mins range + rejecting 1-hr VWAP

# Price keeps oscillating around the first-hour VWAP
No strong buying/selling pressure

→ Expect sideways mean reversion

Scenario 3: Opening below yesterday's last 30-min low but reclaiming 1-hr VWAP.
Then moves towards yesterday’s midpoint or even high.
# Overnight panic selling is absorbed by institutions, then the market reverses. This is a high-probability reversal.
→ Short-covering rally

Scenario 4: Gap up into yesterday's last 30 Mins high and failing 1-hour VWAP
→ Ideal countertrend short.

Scenario 5: Opening below yesterday's last 30-minute low + below 1-hour VWAP
# Aggressive selling
# Staying below VWAP = no buyer strength
#Institutions are selling rallies into VWAP
→ Strong bearish continuation day

In Short:
1. Price opens ABOVE previous 30-min HIGH + stays ABOVE VWAP → TREND DAY UP
2. Price opens INSIDE the previous 30-min range + hovers around VWAP → RANGE / MEAN REVERSION DAY
3. Price opens BELOW previous 30-min LOW + reclaims VWAP → REVERSAL DAY UP (Short-Covering or Short Trap)
4. Gap up opens ABOVE previous 30-min HIGH + failing 1-hr VWAP → Countertrend short.
5. Price opens BELOW previous 30-min LOW + stays BELOW VWAP → TREND DAY DOWN

Disclaimer

This indicator is an analytical and educational tool. It does not provide buy/sell signals. Users may combine these concepts with their own trading approach and risk management.

Happy trading, ARJO.