OPEN-SOURCE SCRIPT

Example - Custom Defined Dual-State Session

Updated
This script example aims to cover the following:

  • defining custom timeframe / session windows
  • gather a price range from the custom period ( high/low values )
  • create a secondary "holding" period through which to display the data collected from the initial session
  • simple method to shift times to re-align to preferred timezone


Articles and further reading:



Reason for Study:

  • Educational purposes only.


Before considering writing this example I had seen multiple similar questions
asking how to go about creating custom timeframes or sessions, so it seemed
this might be a good topic to attempt to create a relatively generic example.
Release Notes
Minor quick-fix update.
  • Adjusted license info in header, it's a freely usable example.
  • Updated variable naming conventions inside `f_captureSessionHL()` - now all prefixed with `_`
customextensionhighLOWsessionSupport and Resistanceternarytimeframe

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 publication is governed by House rules. You can favorite it to use it on a chart.

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Disclaimer