RobMinty

FXN - Asian Session Range

The Asian Session Range is an indicator that draws a box around the Asian session range which runs from 20.00 pm to 02.00 am EST. It then provides lines that extend into the London and New York sessions that identify the high, low and mid-range of the Asian session.

The indicator is designed to be used on the 15 minute timeframe, although it does work on any timeframe up to a from 1 minute to a 4 hour chart, after which the indicator does not make any sense. All settings from session times, line width, style and colors can be changed through the settings, with the default configuration being for the Asian session and the light-themed user interface of TradingView.
Release Notes: Resolved a couple of issues.

1. Support broker price feeds that were not based on Eastern Standard Time.

2. When switching to a new day, the Asian Range box and extended lines moved from the previous day to the current day a couple of hours too soon. This was only apparent if trading during the Asian Range.
Release Notes: Implemented New Features:

1. London Session Range Box (Can be turned off)
2. New York Session Range Box (Can be turned off)
3. Average Daily Range can now be displayed under the Asian Session Range (Can be turned off)
4. Cleaned up spelling and redundant style options with the indicator input screen
Release Notes: Fix Issues when cycling to a new day with the London and New York boxes.
Release Notes: New features introduced:

- Show Previous Day High Low Levels - Turned On by default (can be turned off in settings)
- Show Previous Week High Low Levels - Turned On by default (can be turned off in settings)
- Show Current Week High Low Levels - Turned Off by default (can be turned on in settings)
- Changing to Higher Time Frame (1 hour and above, not longer plots historical ranges, to remove clutter from the chart)
- Set default size of boxes to a thinner line (1 pixel) to create a more crisp user interface. Middle range line reduced to 2 pixels. (These can be changed from Settings)

Bug fixes:
- ADR not showing at the weekend
Release Notes: Have fixed issue when displaying in a 1 and 5 minute chart time resolution
Release Notes: Improvements and bug fixes.

1. Allow Asian Session to end on the same day as the start of the session eg. start time = 20.00 end time = 23.00 (Using EST)

2. Fix to previous levels

3. Change default ADR period to 3 weeks rather than 10 weeks. This can be over-written in the indicator settings on the input tab.
Release Notes: Display historical ranges on a 1 hour chart
Release Notes: Publish with appropriate screenshot.
Release Notes: Enable the indicator to work with a 3 minute chart type
Release Notes: Change of default settings for the London and New York session. London is now defaulted to 3am - 7am (EST), New York is 8am - 12 noon (EST).

These can still be changed to your preferred session times from the indicator settings.
Release Notes: Provide a fix to a problem that seems to be introduced by Trading View with displaying the range ADR and number of pips at the end of the range, rather than the middle.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

Hi,
Awesome indicator, this is exactly what I was looking for, thanks RobMinty,
Quick question: Is there any way I can limit the number of days this range plot chart like you have an option for ADR - "Show ARD for X Days' this will save overall indicator load and live calculation time,
Question 2: Is there any option to turn on Range BOXs on previous days too, or previous X number of Days
Question 3: is it possible to add one more session range box

any help really appreciated thanks
+7 Reply
RobMinty edgeGT
@edgeGT, Thanks for your feedback and apologies for the slow response. Being the summer over here in the UK tend to take time away from trading.

Just going through the points you raised:

1. Good point on only showing for x days. Will add that to the list of changes.

2. Showing historical boxes is quite a challenge. There were limitations in Trading View with the number of drawing elements that can be used by an indicator. As you can imagine the number of lines involved for just one day is quite alot. We did implement a work around, which appreciate is not real idea, but it was showing the boxes (without lines) but with a fill colour. This can be turned on in the settings on the style tab.

3. Which other session were you interested in capturing? Send me a direct message via Trading View if you would prefer to discuss the details.
Reply
Hello, Can someone explain the ADR = and the A= with the pips not entirely sure prior to this tool
+5 Reply
RobMinty WalkerFx824
@WalkerFx824, ADR stands for the Average Daily Range, which is the average number of pips that a pair moves per day. By default this is looking back over the last 70 days to take the average. This can be changed in the settings.

The A shows the number of pips moved during the Asian Session.

If you want more details on the indicators have a look at https://www.youtube.com/watch?v=CQ2rHOnF1qU
Reply
could be possible to turn off the indicator depend on the time frame? let's say the daily
+4 Reply
RobMinty davidrjarillo
@davidrjarillo, Thanks for the feedback. Have you installed the latest version. I am sure I have implemented hiding the indicator based on timeframe. ie. when I change my chart for a 15 minute to a daily the Asian session range is no longer displayed. Could you send me any screenshots where you see the problem.
+3 Reply
Can we also get it to draw over weekends so this works for crypto too.
Reply
THANKS A ton for making this!
Reply
This an amazing indicator. Absolute genius to code this! Well done!!!!!!
Reply
Hide on HTF / specific timeframes? :)
Reply
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