Session Alerts Indicator: Closing Trades Right Before the Session Closes
Most read
The new Session Alerts indicator tracks the start and end of trading sessions by counting bars on a lower timeframe, providing day traders with real-time alerts and more accurate session tracking. This innovative tool helps you stay on top of your trades without waiting for session bar closures.
Introducing our new Session Alerts indicator, designed for traders who focus on intraday market activity. This Pine Script tool allows you to track the start and end of a user-defined session, without waiting for the final session bar to close. Instead of relying on traditional time markers, it counts the number of bars on a lower timeframe, offering more flexibility and precision for active traders.
Key Features
Custom Session Tracking: Set your preferred session hours (default: 9:30 AM - 4:00 PM) to receive alerts at the start and end of your trading day. The indicator adapts to intraday charts and works in real-time.
Granular Timeframe Counter: The indicator counts the elapsed bars on a lower timeframe, which makes session tracking more responsive and avoids delays from waiting for the close of a session bar.
Visual Alerts: The indicator uses background color changes and shapes to signal key moments, such as the start and end of your session. These visual cues keep you informed without cluttering the chart.
Real-Time Alerts: Receive notifications when the session starts, ends, or hits your predefined target count of lower timeframe bars. This feature helps you manage trades with precision, ensuring you're always in sync with market movements.
User Customization: You can adjust the timeframe, set a bar target, and even enable a detailed counter display, providing full control over how the indicator works with your strategy.
How to Use
This indicator is designed for automated traders who would like to send a closing signal to flat positions before a session ends. To get started, apply the indicator to your chart and set your session time. Enable lower timeframe tracking for more granularity or simply rely on the session time range. Then create your alert choosing 'Session End' as your option.
Important Note
This tool is experimental and is intended for informational purposes only. Always backtest and apply your own discretion before using it in live trading.
DISCLAIMER:
Trading in the financial markets involves a significant risk of loss. The content and strategies shared by TradersPost are provided for informational or educational purposes only and do not constitute trading or investment recommendations or advice. The views and opinions expressed in the materials are those of the authors and do not necessarily reflect the official policy or position of TradersPost.
Please be aware that the authors and contributors associated with our content may hold positions or trade in the financial assets, securities, or instruments mentioned herein. Such holdings could present a conflict of interest or influence the perspective provided in the content. Readers should consider their financial situation, objectives, and risk tolerance before making any trading or investment decisions based on the information shared. It is recommended to seek advice from a qualified financial advisor if unsure about any investments or trading strategies.
Remember, past performance is not indicative of future results. All trading and investment activities involve high risks and can result in the loss of your entire capital. TradersPost is not liable for any losses or damages arising from the use of this information. All users should conduct their own research and due diligence before making financial decisions.