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.
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.
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
- 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)
- ADR not showing at the weekend
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.
These can still be changed to your preferred session times from the indicator settings.
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.
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
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.
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