malk1903

London Killzone + Deviations[MK]

For traders that use the London Killzone session high/low to project possible take profit targets.

The indicator will determine the current day London killzone high and low range and draw a range box to the right of the last candle on the chart. Drawing to the right of the chart keeps the workspace cleaner.

The high/low range is then used to project Standard Deviation levels above and below the London range.

Levels projected are +/- 1, 2, 2.5, 3, 4.

Users of the script should conduct proper backtesting using a large data range before applying to live accounts.
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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