Progressive Session Candles for Intraday Session Analysis
Summary
This indicator hides candles outside a selected time window and redraws each in-window candle as the session’s developing range. Each displayed candle uses the session open, the highest high and lowest low reached so far, and the current close. This makes session progress visible alongside the path taken to the current price, rather than showing each bar’s own open and range.
Optional settings add close-to-close lines across the gaps between sessions and a line tracking the midpoint of the developing session range. Candle colors distinguish closes above the session open from other closes. The document explains the display logic and provides indicator code, but gives no performance tests or evidence that these visual features improve trading outcomes. The time window and session-start logic depend on the chosen market and chart data, so users must configure them appropriately; the indicator is a visualization aid, not a standalone trading strategy.
Key ideas
- Each in-session candle represents the session open, current close, and cumulative high and low so far.
- A configurable time window controls which candles are drawn.
- Optional lines connect closes across sessions and track the midpoint of the developing range.
- The indicator describes price visually but provides no evidence of predictive or trading performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.