Plotting Intraday and Night-Session High and Low Levels

Summary

This short description covers a script that automatically draws the high and low levels of the intraday FORTS trading session. An optional setting adds high and low levels from the night session when those levels extend beyond the intraday range. The display colors can also be changed.

The document describes a charting utility rather than a tested trading strategy. It explains the conditions under which additional session levels appear, but gives no rules for entering or exiting trades, no market rationale for treating the levels as support or resistance, and no performance evidence. Traders using the indicator would need to decide independently how to interpret the plotted prices and account for their instrument and session conventions.

Key ideas

• The script plots the intraday session high and low on a FORTS chart.
• An optional setting adds night-session extremes when they fall outside the intraday range.
• Users can customize the level colors.
• The description gives no entry rules, risk controls, or evidence that the levels predict price behavior.

Tags

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