Sakalau02 - 10 Sessions

This Pine Script indicator, "Market Sessions - 10 Sessions", is a professional-grade visualization tool designed to map the temporal structure of the financial markets directly onto your chart. It acts as a "chronological compass," helping traders identify volatility cycles and the institutional "changing of the guard" across global financial hubs.

Here is a breakdown of its core features and why it is ideal for highlighting market phases:

## Comprehensive Global Coverage
While most indicators only track the "Big Three" (London, New York, Tokyo), this script provides support for up to 10 customizable sessions.

Standard Sessions: Tokyo, London, New York, and Sydney.

Extended Hubs: Includes Frankfurt, Hong Kong, Singapore, Shanghai, Toronto, and Mumbai.

Why it matters: This allows you to track specific liquidity pockets, such as the Frankfurt open (which often front-runs London) or the crucial Asian-Pacific overlaps.

## Visualizing Market Phases
The indicator uses a Box-based visual system to encapsulate price action within specific timeframes. This helps in identifying:

Accumulation Phases: Typically seen during lower-volume sessions (like late Sydney or early Tokyo) where price moves sideways in a tight box.

Expansion/Trend Phases: Easily identified when a new session (like London or NY) breaks out of the previous session’s high or low.

Distribution/Reversals: Indicated when price reaches the upper or lower boundaries of a session box and fails to sustain the move.

## Key Technical Insights
The script doesn't just draw boxes; it provides "internal" session data to refine your entries:

Open/Close Lines: Highlights the session's starting price versus its current trajectory, helping you see if a session is "bullish" or "bearish" at a glance.

0.5 Median Level: Automatically plots the mid-point (50% level) of each session's range, which often acts as a significant "fair value" support or resistance area.

Pips & Percentage Tracking: Built-in hooks to calculate the volatility (range) of each session.

## Advanced Customization & Cleanliness
Overlap Management: Includes a "Merge Overlaps" feature to keep the chart clean during periods where multiple major markets are open simultaneously.

Lookback Control: To prevent chart lag, you can limit the history (e.g., last 150 days), ensuring the script runs smoothly even on lower timeframes.

Multi-Display Modes: Choose between Boxes, Zones (background highlights), or Timeline views depending on your preference for price action clarity.

## Summary for Trading Strategy
This indicator is perfect for Power of 3 (PO3) or ICT-style traders who rely on "Time and Price." By highlighting exactly when New York opens relative to London, or where the "London Lunch" stagnation occurs, it helps you avoid "choppy" low-liquidity periods and focus on high-probability volatility windows.

Alții caută confirmări, eu desenez zonele. ✍️ Sakalau02: Semnat, Andrei. (Nu uitați să verificați 0.5-ul!)