In the 24-hour trading of the futures market, this indicator provides the user with full customization concerning the most important factor: time. This indicator is centered around three main visualizations: labels, backgrounds, and lines that minimalistically allows the user to keep track of the many time intervals that occur during a futures market 24-hour trading cycle. It also artfully displays the previous days highs and lows. And everything can be individually toggled and configured so the user can get exactly what they want.
Labels
There are three main futures market sessions in a 24-hour period: the London, New York, and Asian Sessions. Each session is given an independent label for the open and close times. The six labels (LO, LC, NYO, NYC, AO, AC) can be individually toggled on or off, the label background color changed, the text switched between black or white, and the height can be lowered or raised. These customizations are intended to give the user full control of the session they are interested in at the moment.
Backgrounds
Backgrounds are the heart of this indicator. There are different colored transparent backgrounds for each of the futures sessions. So the user can clearly see the session they want to highlight without cluttering their chart and getting in the way of analyzing the candles.
If you are familiar with the London and New York killzones, these backgrounds are each individually configured.
If you are familiar with the Inner Circle Trader’s (ICT) NY Morning and Afternoon sessions, these are available. Also, most times weird price action occurs during the lunch hour of these sessions. The London and New York have a background for their respective lunch hours so the user is never caught of guard during these periods.
Lines
The markets are constantly looking for liquidity. To help the user see runs on liquidity, this indicator projects the previous days highs and lows on to the current day with a line and a price label. The line make it very easy to see where price may be headed. See the image below for the perfect example of this phenomenon. Each of the lines can be independently controlled by color, style, and width. And even the labels can be toggled on or off if the user would prefer just to see the lines. Lastly, there is a line that marks the midnight open price in EST.
Special Notes
This indicator is specifically designed for futures tickers.
All of the backgrounds are not designed to be turned on a once (there are many that overlap). They are designed to give the user ultimate control over exactly what timeframe backgrounds to display on their charts.
The labels only appear when timeframe is 1 hour or less.
เอกสารเผยแพร่
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Update 1: More comprehensive control of indicator features
Ability to display last X days of transparent backgrounds & labels
Capability to move line labels to the right to prevent labels from covering up candles
Midnight Open EST label can now be toggled on/off
Reworded Settings Inputs descriptions to make them more clear
Added tooltips to some of the more advanced Setting Inputs to explain particular behaviors
Increased the number of labels displayed on a chart to the max allowable by TradingView (500)
เอกสารเผยแพร่
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Update 2: New time-based horizontal line
Added 8:30 AM EST Open line
Can now change label text color of horizontal lines
i am not sure why but the labels do not seem to be working properly anymore i can only get it to show one market open label
Scamwick69
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Hello Infinity_Trading, love the indicator!! Anyway to potentially add two zones?
2:00am-4:00am Usually find the high or low of the day 90% off the time. 9:00am-10:30am Where we should look for our retest/liquidity grab on either buy side or sell side?
Again, great job with this indicator!
Obitex
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Thank you. It is helpful.
Nk_Future
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Thanks for sharing. This script works perfect with less then 30 min chart. but in 30 min chart(ES1!) i can't plot the background color session for Asia, or London.
Infinity_Trading_
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@Nk_Future, I am so glad your are benefiting from my indicator! ... Yes, the indicator doesn't display the backgrounds for 30 minutes or above because I coded it that way. See lines 310, 326, & 349. But since you mentioned it I might increase it to 30 minutes whenever I do my next update for this indicator. Thanks for the valuable feedback!!
pointxl
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thank you for this!
Infinity_Trading_
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@pointxl, You are very welcome! Glad you are benefiting from my indicator. I just pushed a new update