Session-Based Trading Signals with EMA, ATR, and Market Bias

Summary

The visible portion of this TradingView strategy defines configurable Asia, London, and New York sessions, with switches to enable trading in each. It computes an exponential moving average and average true range, and draws session boxes whose color reflects whether price is above or below the session’s opening midpoint. Display options control boxes, labels, bias colors, signals, and entry dots. The inputs also include a minimum probability threshold and an ATR-based take-profit/stop-loss multiplier, suggesting further signal and risk logic in the omitted portion.

The source ends partway through the session-label section, before its entry conditions, exits, or use of the EMA, ATR, and probability threshold can be seen. It therefore does not provide enough information to reconstruct or assess the trading rules, nor does it include backtest results or evidence of performance. Treat the visible design as a partial script description rather than a fully specified strategy.

Key ideas

• The script lets users enable or disable trading during three named market sessions.
• Session boxes can show the range and color a bias based on price versus the session midpoint.
• The visible inputs include an EMA length, ATR length, risk multiplier, and minimum probability threshold.
• The provided source is truncated before entry and exit rules, so its trading logic cannot be fully assessed.
• No performance results are supplied.

Tags

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