Weekly + Daily Levels, Asia Range, US Settle

This Pine Script—"Weekly Daily Levels Asia Range US Settle"—was originally designed for Forex trading, and has since been successfully adapted to Bitcoin and crypto markets. It maps out institutional key levels and session-based price zones, providing a clean, structured framework for intraday and swing trading.

🔧 Key Levels & Logic
🟢 1. Weekly Levels
Captures High, Low, and Midpoint (50%) of the previous trading week

Reset every Sunday at 5:00 PM New York time (17:00 ET)

Helps identify macro structure, liquidity zones, and weekly bias

🟠 2. Daily Levels
Captures High, Low, and Midpoint (50%) of the previous trading day

Resets daily at 5:00 PM New York time (17:00 ET)

Ideal for short-term support/resistance and mean-reversion zones

🔵 3. Asia Session Range
Captures High, Low, and Midpoint from 8:00 PM to 3:00 AM NY time (20:00–03:00 ET)

Frequently acts as a pre-breakout base for London or US session volatility

🔷 4. US Settle (Friday Only)
Captures the midpoint of the final 15-minute candle on Friday at 4:45 PM New York time (16:45 ET)

Draws a box (high-low) and midline to mark this institutional closing price

Useful for gap-fills, mean-reversion, and weekend-to-Monday setups

📊 Recommended Pairing for Trend Trading
To reduce noise and filter false signals, it’s highly advised to combine this level-based framework with:

✅ Exponential Moving Averages (EMA)
Use the 20, 50, 200, and 800 EMAs

For trend following:

Price above 20/50/200 = bullish alignment

Price below 20/50/200 = bearish alignment

800 EMA can act as macro-level magnet/support

✅ PVRSA Volume (Price-Volume-Support-Analysis)
Helps detect volume anomalies and distinguish real breakouts from false moves

Pay attention to climactic volume, stopping volume, and smart money footprints during key level interactions

Combining EMA structure and PVRSA volume with this script’s levels provides a robust trend-trading strategy, avoiding common traps from random level retests or low-volume breakouts.

🚀 Why This Works for Bitcoin
BTC respects session-defined highs/lows similar to forex

Price reacts strongly to Asia range breaks, NY opens, and weekly levels

The US settle level on Friday adds institutional context often ignored in crypto

Pairing it with volume + trend structure improves timing and accuracy

⚙️ Technical Features
Uses request.security() to pull data from a configurable low timeframe (default: 1m)

Fully customizable: colors, line widths, extension lengths

Intelligent label grouping for overlapping levels

Designed for precision on 15-minute or lower timeframes

✅ Best Used For
Intraday reversals and breakouts

Trend trading with EMA alignment

London and NY session range plays

Weekend price planning using US settle mid

Volume confirmation using PVRSA