A Pine Script indicator tracking Regular Trading Hours session highs and lows, helping traders identify intraday support and resistance levels through dynamic price markers.
Explore complementary indicator rolesHow it works
The indicator monitors price action during Regular Trading Hours, establishing dynamic high and low levels for each trading session. It draws horizontal green and red lines representing the session's highest and lowest prices, updating in real-time as new price extremes are reached.
Additionally, the indicator places small triangle markers above or below price bars to visually signal when new intraday highs or lows are established. These markers help traders quickly identify potential momentum shifts or trend continuation points within the trading session.
Why it may be useful
By tracking intraday price extremes, traders gain valuable insights into market dynamics and potential trading opportunities. The session high and low lines provide clear visual reference points for support and resistance, helping traders make more informed decisions about entry and exit points.
The triangular markers offer immediate visual cues about momentum changes, allowing traders to quickly assess whether the market is experiencing bullish or bearish pressure. This real-time information can be crucial for making rapid trading decisions in fast-moving markets.
When to explore it
This indicator is most effective during active trading sessions with consistent price movement, particularly in liquid markets like major stock indices or forex pairs. It works best for traders seeking to understand intraday market dynamics and identify potential breakout or reversal opportunities.
The signal is particularly useful for scalpers and day traders who need quick, visual representations of price action. Traders can leverage these markers to confirm trend strength, detect potential mean reversion setups, and manage risk by using session highs and lows as reference points for stop-loss and take-profit strategies.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
