Comparing Intraday Session Ranges and Price-Structure Statistics

Summary

This indicator divides the day into configurable sessions, including Asia, London, and segments of the New York day, and records session range and other price-structure observations. Its dashboard can compare average range relative to daily ATR, volume share, how often a session makes the day's high or low, bullish outcomes, continuation, and the historical percentile of the current range. Additional measures cover fair value gaps, swing breaks, higher highs, lower lows, and the share of gaps that remain intact through a session.

Weekday filters let users restrict which historical sessions feed the comparisons. The active session's range can trigger an alert when it exceeds a high historical percentile, while optional chart boxes and labels show session ranges and live statistics. This is a descriptive profiling tool, not a tested trading rule: the document supplies no sample results or evidence that the dashboard metrics forecast returns. Comparisons depend on the selected sessions, weekdays, chart timezone, history, and definitions used for structure events.

Key ideas

• The indicator tracks ranges and price behavior separately across configurable intraday sessions.
• Dashboard statistics include ATR-normalized range, volume share, directional outcomes, and historical range percentiles.
• It counts session-level gaps and swing breaks, and estimates how often gaps survive without invalidation.
• Weekday filters control which past sessions contribute to historical comparisons.
• An alert flags an active session range above a selected historical percentile, but no predictive performance is reported.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.