TFlab

KillZones Hunt + Sessions [TradingFinder] Alert & Volume Ranges

🟣Introduction

🔵Session

Financial markets are divided into various time segments, each with its own characteristics and activity levels. These segments are called sessions, and they are active at different times of the day.

The most important active sessions in financial markets are:
1. Asian Session
2. European Session
3. New York Session

The timing of these major sessions based on the UTC time zone is as follows:
1. Asian Session: 23:00 to 06:00
2. European Session: 07:00 to 16:30
3. New York Session: 13:00 to 22:00

Note
To avoid overlap between sessions and interference in kill zones, we have adjusted the session timings as follows:
• Asian Session: 23:00 to 06:00
• European Session: 07:00 to 14:25
• New York Session: 14:30 to 22:55



🔵Kill Zones

Kill zones are parts of a session where trader activity is higher than usual. During these periods, trading volume increases and price fluctuations are more intense.

The timing of the major kill zones based on the UTC time zone is as follows:

• Asian Kill Zone: 23:00 to 03:55
• European Kill Zone: 07:00 to 09:55
• New York Morning Kill Zone: 14:30 to 16:55
• New York Evening Kill Zone: 19:30 to 20:55



This indicator focuses on tracking the kill zone and its range. For example, once a kill zone ends, the high and low formed during it remain unchanged.

If the price reaches the high or low of the kill zone while the session is still active, the corresponding line is not drawn any further. Based on this information, various strategies can be developed, and the most important ones are discussed below.


🟣How to Use

There are three main ways to trade based on the kill zone:

• Kill Zone Hunt
• Breakout and Pullback to Kill Zone
• Trading in the Trend of the Kill Zone


🔵Kill Zone Hunt

According to this strategy, once the kill zone ends and its high and low lines no longer change, if the price reaches one of these lines within the same session and is strongly rejected, a trade can be entered.




🔵Breakout and Pullback to Kill Zone

According to this strategy, once the kill zone ends and its high and low lines no longer change, if the price breaks one of these lines strongly within the same session, a trade can be entered on the pullback to that level.



Trading in the Trend of the Kill Zone

We know that kill zones are areas where high-volume trading occurs and powerful trends form. Therefore, trades can be made in the direction of the trend. For example, when an upward trend dominates this area, you can enter a buy trade when the price reaches a demand order block.



🟣Features

🔵Alerts

You can set alerts to be notified when the price hits the high or low lines of the kill zone.



🔵More Information

By enabling this feature, you can view information such as the time and trading volume within the kill zone. This allows you to compare the trading volume with the same period on the previous day or other kill zones.



🟣Settings

Through the settings, you have access to the following options:

• Show or hide additional information
• Enable or disable alerts
• Show or hide sessions
• Show or hide kill zones
• Set preferred colors for displaying sessions
• Customize the time range of sessions
• Customize the time range of kill zones

Mã nguồn mở

Với tinh thần TradingView, tác giả của tập lệnh này đã xuất bản nó dưới dạng mã nguồn mở, vì vậy các nhà giao dịch có thể hiểu và xác minh nó. Chúc mừng tác giả! Bạn có thể sử dụng mã này miễn phí, nhưng việc sử dụng lại mã này trong một ấn phẩm chịu sự điều chỉnh của Nội quy nội bộ. Bạn có thể yêu thích nó để sử dụng nó trên biểu đồ.

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.

Bạn muốn sử dụng tập lệnh này trên biểu đồ?