Session Zones

Getting started#

1. 1
   Open TradingView and click Indicators

   Search for "Session Zones SimpleAlgo" in the Community scripts tab.
2. 2
   Add Session Zones to your chart
3. 3
   Keep the defaults

   Use an intraday chart. The defaults use New York time; adjust session times to the market you trade.
4. 4
   Add alerts if you want them

   Set them to "Once per bar close".

What you see on the chart#

• A box for each session, expanding to its high and low.
• Dashed lines for each closed session's high and low, extending right until price reaches them. By default the last 5 sessions are tracked.
• S, B or F labels where a level was taken. Hover a label for the session, side, price and outcome.
• The New York opening range box (30 minutes by default).
• An optional statistics table.

The three outcomes#

A high is taken when a bar trades above it; a low when a bar trades below it. From that bar on, confirmed closes decide the outcome.

Labels sit at the bar where the level was taken. Because only confirmed closes are used, they don't flicker. The only change after printing is the documented Sweep to Failed Sweep update during the watch window.

By default only levels from the most recent Asia, London and New York sessions are labeled. Older levels still extend and still trigger taken alerts. Set Classify to All tracked levels to label everything.

The statistics table#

The table records each Sweep and Break when it is first labeled, then after the follow-through bars (12 by default) measures how far price moved in the expected direction, in ATR units. Sweeps are counted from the moment they print, including ones that later fail, so it reflects what was known at the time.

• Events: Sweeps plus Breaks classified. Counts below 20 get an asterisk.
• Sweep and Break: the share of events with each label.
• Failed: the share of Sweeps that became Failed Sweeps.
• After Sweep / After Break: how often price moved in the reversal or continuation direction, and the average move in ATR.

How to use it#

• Sweep: price ran the orders beyond the level and was rejected. Many intraday traders treat this as a potential reversal area, for example London sweeping the Asia high and closing back inside.
• Break: price held beyond the level. The broken level can be watched as a potential retest area.
• Failed Sweep: the rejection didn't hold. Stop treating the level as support or resistance.
• Untouched levels: open session highs and lows can serve as reference targets or places to manage positions.
• Opening range: a sustained hold outside the New York opening range is commonly used as a bias for the session.

Trade-offs: a lower acceptance count classifies faster but produces more Breaks that later fail. A longer watch window catches more Failed Sweeps but keeps Sweeps provisional for longer. On a 5 minute chart the defaults mean 15 minutes of acceptance and a one hour watch window.

Settings#

Alerts#

• Sweep, Break and Failed Sweep for session highs and lows, on bar close.
• Level taken for each session's high and low, the moment price trades through.
• A dynamic alert ("Any alert() function call") naming the session, side, price and outcome, for example "London high 5250.25: swept and rejected".

Notes and limits#

• Sessions use bar open times, so on higher intraday timeframes a session's first or last bar may extend slightly outside the exact window.
• Outcomes depend on the chart timeframe. The same level can be a Sweep on 1 minute and a Break on 15 minute.
• Futures and forex traders often prefer an earlier New York start.