RTH Candles Overlay

3 天前

--Overview
Unlock a new way to analyze Regular Trading Hours (RTH) with this powerful indicator! Designed for traders who focus on the 09:30–16:00 market session (default EST), it redefines hourly price action by aligning candlesticks with the RTH start at 09:30, rather than the standard XX:00. It also plots hourly high/low lines and projection zones to pinpoint potential support, resistance, and price targets. Plus, it displays compact hourly candlesticks on the right side of your chart for quick, at-a-glance analysis.

--Key Features

• Shifted RTH Candles: Unlike standard hourly candles starting at XX:00, this indicator aligns candles with the RTH open at 09:30 (e.g., 09:30–10:30, 10:30–11:30). This captures true market momentum from the opening bell, offering a more accurate view of price action.
  
• Session High/Low Lines: Marks the high and low prices for each session with clear, labeled lines (e.g., “0930-1030 High”) to highlight key levels.
  
• Projection Zones: Draws shaded boxes above and below each session’s range (default: 0.25 and 0.5 Projection levels) to show potential price targets or reversal zones.
  
• Shifted Candlesticks: Displays each shifted Hour as a candlestick (open, high, low, close) on the right side of the chart, with bullish candles in green and bearish in gray for easy comparison.
  
• Vertical Markers: Dotted vertical lines mark the start of each period (e.g., 09:30) for clear time segmentation.
  
• Historical Analysis: View up to 5 days of past sessions to spot trends and recurring levels.
  
• Fully Customizable: Adjust session times, timezone, colors, and projection levels to fit your trading style.
  

--How It Works

• RTH-Aligned Candles: The indicator divides the trading day into up to seven sessions (default: hourly from 09:30 to 16:00 EST). Each session starts at times like 09:30, 10:30, etc., aligning with the RTH open instead of standard hourly intervals. This shift ensures you see price action as it unfolds during key market hours.
  
• High/Low Lines: Horizontal lines mark the highest and lowest prices for each session, with customizable labels for easy reference.
  
• Fibonacci Zones: Shaded boxes extend above (0.25 to 0.5 times the session’s range) and below (–0.25 to –0.5) each session’s high/low, highlighting potential price targets or areas where price may reverse.
  
• Candles: Each shifted hour is summarized as a candlestick on the right side of the chart, showing open, high, low, and close prices. Bullish candles are green, bearish are gray, and you can adjust their size and spacing.
  
• Vertical Lines: Dotted lines at the start of each session (e.g., 09:30) help you visualize session boundaries.
  
• Historical Data: Analyze up to 5 days of past sessions to identify patterns or key levels.
  

--Settings

• Timezone: Set your market’s timezone (default: EST, -4 hours).
  
• Session Times: Customize up to seven sessions (default: hourly from 09:30 to 16:00).
  
• Max Days to Plot: Show up to 5 days of historical sessions (default: 1 day).
  
• Candle Styles: Toggle session candles, adjust width, spacing, and offset. Customize bullish (green) and bearish (gray) colors.
  
• High/Low Lines: Enable/disable high/low lines, set color (default: gray), style (solid, dotted, dashed), and label size. Optionally show session open lines and labels.
  
• Fibonacci Zones: Turn projection zones on/off, adjust levels (default: 0.25 and 0.5), and choose fill color (default: translucent gray).
  
• Vertical Lines: Toggle session start lines and customize their color and style.
  

--Best Used For

• Day Trading: Spot key levels and price targets during RTH sessions, aligned with the 09:30 market open.
  
• RTH Analysis: Get a clearer picture of price action with candles that match the market’s true rhythm, starting at 09:30 instead of XX:00.
  
• Fibonacci Trading: Use projection zones to identify potential support, resistance, or breakout levels.
  
• Session Comparison: Compare price action across sessions using compact candlesticks and historical data.
  

--How to Use
1. Add the indicator to your TradingView chart (works best on 1-hour or lower timeframes).
2. Set the timezone and session times to match your market (default: 09:30–16:00 EST).
3. Enable/disable features like Fibonacci zones, high/low lines, or session candles in the settings.
4. Use the shaded zones to anticipate price targets or reversals based on Fibonacci levels.
5. Analyze session candles and historical data to spot trends or recurring levels.

--Why This Indicator?
The RTH Session Candles with projection Zones indicator is a game-changer for traders who want to focus on the market’s true rhythm. By aligning candles with the 09:30 RTH open, it captures price action as it happens, unlike standard hourly charts. Paired with projection zones and clear session markings, it’s a simple yet powerful tool to identify key levels and potential price moves. Perfect for day traders, swing traders, or anyone who wants a cleaner, more precise view of the market.

昨天

發行說明

- UI overhaul
- opening lines and vertical seperator now show up as soon as a new RTH candle starts
- removed labels and historical values due to revolving bugs