This indicator "Market Sessions and TPO (+Forecast)" shows various market sessions alongside a TPO profile (presented as the traditional lettering system or as bars) and price forecast for the duration of the session.
Additionally, numerous statistics for the session are shown.
Features
Session open and close times presented in boxes
Session pre market and post market shown
TPO profile generated for each session (normal market hours only)
A forecast for the remained of the session is projected forward
Forecast can be augmented by ATR
Naked POCs remain on the chart until violated
Volume delta for the session shown
OI Change for the session shown (Binance sourced)
Total volume for the session shown
Price range for the session shown
The image above shows processes of the indicator.
Volume delta, OI change, total volume and session range are calculated and presented for each session.
Additionally, a TPO profile for the most recent session is shown, and a forecast for the remainder of the active session is shown.
The image above shows an alternative display method for the session forecast and TPO profile!
Additionally, the pre-market and post-market times are denoted by dashed boxes.
The image above exemplifies additional capabilities.
That's all for now; further updates to come and thank you for checking this out!
And a special thank you to @TradingView of course, for making all of this possible!
It is promising one ,One issue i see is that when applied on any indian stocks /index ,it shows index out of bound errors ,matrix is empty error
MXWLL-Capital-Trading
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@pankul55555, we will have a look into this issue. Thanks
tsangwy
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I installed this indicator and tried to use that, but hitherto I still cannot apply this indicator in my trading view settings, there is an error message prompted after installation, the error message is : Study error. Error on bar 0: In the "matrix.set()"' function. The row index (-1) is out of bounds, matrix is empty. Please advise what should I do so that I can use this indicator? Grateful for your reply in this respect, thanks and regards.
rampagejack2
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I do confirm the matrix error mentioned by pankul55555
TradeAlliance
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I Love this indicator! After using it I have a recommendation that will improve its usage and flexibility. Can you add the ability to "remove the session background color histogram" for individual sessions? Keeping the Volume profile and POC. You already have the ability to remove/keep the box's surrounding line and text. But if we could keep that and the volume profile/poc but remove the color background histogram this would clean up the chart and allow this indicator to work better with other things on the chart. Thank you! You've killed it already. We really appreciate it.
MXWLL-Capital-Trading
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@TradeAlliance, we can definitely look at this for an update, we will try get this done shortly for you.
MXWLL-Capital-Trading
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@TradeAlliance, sorry for the delay getting to this very shortly for you.
TradeAlliance
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@MXWLL-Capital-Trading, Wow, thank you so much. Super Exciting and I cannot wait to try out the update.