True Close – Institutional Trading Sessions (Zeiierman)

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█ Overview
True Close – Institutional Trading Sessions (Zeiierman) is a professional-grade session mapping tool designed to help traders align with how institutions perceive the market’s true close. Unlike the textbook “daily close” used by retail traders, institutional desks often anchor their risk management, execution benchmarks, and exposure metrics to the first hour of the next session.

This indicator visualizes that logic directly on your chart — drawing session boxes, true close levels, and time-aligned labels across Sydney, Tokyo, London, and New York. It highlights the first hour of each session, projects the institutional closing price, and builds a live dashboard that tells you which sessions are active, which are in the critical opening phase, and what levels matter most right now.

More than just a visual tool, this indicator embeds institutional rhythm directly into your workflow — giving you a window into where big players finalize yesterday’s business, rebalance exposure, and execute delayed orders. It’s not just about painting sessions on your chart — it’s about adopting the mindset of those who truly move the market. Institutions don’t settle risk at the bell; they complete it in the next session. This tool lets you see that transition in real time, giving you an edge that goes beyond candles and indicators.

█ How It Works

⚪ Session Detection Engine
Each session is identified by its own time block (e.g., 09:00–17:30 for London). Once a session opens:

• A full-session box is drawn to track its range.
  
• The first hour is highlighted separately.
  
• Once the first hour completes, the true close line is plotted, representing the price institutions often treat as the "real" close of the prior day.
  

⚪ Institutional True Close Logic
The script captures the close of the first hour, not the end of the day.
This line becomes a static reference across your chart, letting you visualize how price interacts with that institutional anchor:

• Rejections from it show where yesterday's flow is respected.
  
• Breaks through it may indicate that today's flows are rewriting the narrative.
  

⚪ Dynamic Dashboard Table
A live table appears in the corner of your screen, showing:

• Each session's active status
  
• Whether we’re inside the first hour
  
• The current “true close” price if available
  
• Each cell comes with advanced tooltips giving institutional context, flow dynamics, and market microstructure insights — from rebalancing spillovers to VWAP/TWAP lag effects.
  

█ How to Use

⚪ Use the First-Hour Line as Your Institutional Anchor
Treat it like the price level that big funds care about. Watch how the price behaves around level. Fades, re-tests, or continuation moves often occur as the market finishes recapping yesterday’s leftover orders.


⚪ Structure Entries Around the Session Context
Are you inside the first hour? Expect more volatility, more decisive flow. After the first session hour, expect fading liquidity as the market slows down and awaits the next session to open.



█ Settings

• UTC Offset – Select your preferred time zone; all sessions adjust accordingly.
  
• Session Toggles – Enable/disable Sydney, Tokyo, London, or NY.
  
• Box Display Options – Show/hide session background, first-hour fill, borders.
  
• True Close Line Controls – Enable line, label, and customize width & color.
  
• Execution Hour Labels – Optional toggle for first-hour label placement.
  

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Disclaimer

The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

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Phát hành các Ghi chú

The true close level is fixed at the last bar within the first hour of the session.