Price Alerts Indicator
The Price Alerts Indicator is designed to track and alert users about significant price levels during the Asian and London trading sessions. Here are the key features and functionalities:
Key Features:
Session Time Customization:
Users can define the trading hours for the Asia and London sessions based on UTC+8.
The indicator operates with three distinct time periods: the Asian session, the London session, and a running time period.
High and Low Tracking:
The indicator continuously updates and tracks the highest and lowest prices during the Asian and London sessions.
These levels are reset at midnight or at the start of a new trading day.
Touch Detection:
The indicator checks if the current closing price touches the defined high and low levels.
It also tracks whether the Asian session levels were touched during the London session.
Alerts:
Alerts are triggered when the price touches the defined high or low levels.
Users receive notifications if the price meets the specified conditions, ensuring they stay informed about significant market movements.
Visual Indicators:
The background color of the chart can be customized to indicate the active trading sessions, enhancing visual clarity.
A table is displayed in the bottom right corner of the chart, providing a quick overview of the current high and low prices along with touch statuses.
User-Friendly Interface:
Users can easily enable or disable background colors and customize session times through input parameters.
Use Cases:
Traders looking to monitor significant price levels during key market sessions.
Scalpers and day traders who require real-time alerts to make quick trading decisions.
Analysts interested in session-based price behavior and trends.
This indicator is particularly useful for those trading in markets that experience increased volatility during specific sessions, allowing users to react promptly to price movements.