Edm + LET + Session
This script is adressed to the LIT trader or for those of you who trade with session ( between different hour)
It will add to the chart the differnet session :
- asian session (here color aqua (blue))
- frankfurt
- London
- MMM1
- NYTRAP (New York Trap)
- an New York
You can choose in the settings which one you want to see and how you want to see it ( boxes or background color) which helps a lot when you open your chart to know where you are what you should expect if your plan is based on session.
I put some default hours but if you want less session and change the hours you can easily do that in the settings too.
It will also show you as a label the EDM (which is simply a divergence with the RSI) that occured 5 candle after it happend, it can be very useful for those of you who trade with this confluence, you will directly have it on your chart.
If you don't use it, you can also disable it in the settings.
The LET (which are a rebund on the EMA) are shown like the EDM and can be disable too if you don't use it, they will here depend of the EDM (i.e the script will look for a LET only after an EDM occured, if there is no EDM, they will not be visible).
I have tried to make the most stuff as an input ( can be modified in the settings) to allow each and everyone to be able to adapt it to what you want to see or not see on your charts.
Hope this help some of you and don't hesitate to send some feedback if it does !
It will add to the chart the differnet session :
- asian session (here color aqua (blue))
- frankfurt
- London
- MMM1
- NYTRAP (New York Trap)
- an New York
You can choose in the settings which one you want to see and how you want to see it ( boxes or background color) which helps a lot when you open your chart to know where you are what you should expect if your plan is based on session.
I put some default hours but if you want less session and change the hours you can easily do that in the settings too.
It will also show you as a label the EDM (which is simply a divergence with the RSI) that occured 5 candle after it happend, it can be very useful for those of you who trade with this confluence, you will directly have it on your chart.
If you don't use it, you can also disable it in the settings.
The LET (which are a rebund on the EMA) are shown like the EDM and can be disable too if you don't use it, they will here depend of the EDM (i.e the script will look for a LET only after an EDM occured, if there is no EDM, they will not be visible).
I have tried to make the most stuff as an input ( can be modified in the settings) to allow each and everyone to be able to adapt it to what you want to see or not see on your charts.
Hope this help some of you and don't hesitate to send some feedback if it does !
Versionsinformation:
Update chart
Versionsinformation:
Updated settings to make it easier to not display the session and/or the labels (EDM, LET)
Added extend line for AH, AL and AM ( you can still get rid of them in the settings of course
Added extend line for AH, AL and AM ( you can still get rid of them in the settings of course
Versionsinformation:
update chart