Session Range Box - индикатор для MetaTrader 5

Session Range Box is a simple chart indicator that marks the price range of a chosen time window of the day and extends it forward as a box. Many breakout strategies use the Asian session range as a reference: the high and low of the quiet overnight hours become support and resistance when London and New York open.

The indicator does not repaint the finished range. For every day it finds the highest high and the lowest low between the start and end hour and draws one rectangle that continues for the chosen number of hours after the range ends. The box of the current day grows while the range is still forming.

Input parameters

• InpStartHour - range start hour (UTC), default 0
• InpEndHour - range end hour (UTC), default 6. If it is not greater than the start hour, the range crosses midnight.
• InpUtcOffset - server time minus UTC in hours. Set it to match your broker.
• InpExtendHours - how many hours the box is extended after the range ends, default 14
• InpDays - number of days to draw, default 10
• InpColor - box color
• InpFill - fill the box
• InpAlert - show an alert when price breaks out of today's box

Usage

Attach the indicator to any intraday chart (M1-H1). To mark another session, change the start and end hours, for example 7-12 for the London morning or 13-17 for the New York session. Objects are created with the prefix SRB_ and are removed when the indicator is deleted.

The indicator is a visual aid only and does not trade.