TLC session

A Professional Intraday Session Tracker with VWAP and Economic Event Integration

Description
This indicator provides visual tracking of major trading sessions (Asian, London, New York) combined with VWAP calculations and macroeconomic event zones. It's designed for intraday traders who need to monitor session overlaps, liquidity periods, and high-impact news events.
The basic script of trading sessions was taken as a basis and refined for greater convenience.
Key Features:

Customizable Session Tracking: Visualize up to 3 trading sessions with adjustable time zones (supports IANA & GMT formats)
Dynamic VWAP Integration: Built-in Volume-Weighted Average Price calculation
Macro Event Zones: Highlights key economic announcement windows (adjustable for summer/winter time)
Price Action Visualization: Displays open/close prices, session ranges, and average price levels
Automatic DST Adjustment: Uses IANA timezone database for daylight savings awareness

How It Works
1. Trading Session Detection

Three fully configurable sessions (e.g., Asia, London, New York)
Each session displays:
Colored background zone
Opening price (dashed line)
Closing price (dashed line)
Average price (dotted line)
Optional label with session name

2. VWAP Calculation

Standard Volume-Weighted Average Price plotted as circled line
Helps identify fair value within each session

3. Macro Event Zones

Special highlighted period for economic news releases
Automatically adjusts for summer/winter time
Default set to 1000-1200 (summer) or 0900-1100 (winter) GMT-5 (US session open)

Why This Indicator is Unique

Multi-Session Awareness

Unlike simple session indicators, this tool:
Tracks price development within each session
Shows session overlaps (critical for volatility periods)
Maintains separate VWAP calculations across sessions

Professional-Grade Features

IANA timezone support (automatic DST handling)
Customizable visual elements (toggle labels, ranges, averages)
Object-based architecture (clean, efficient rendering)
News event integration (helps avoid trading during high-impact releases)

Usage Recommendations

Best Timeframes

1-minute to 1-hour charts (intraday focus)
Not recommended for daily+ timeframes

Trading Applications
1. Session Breakout Strategy: Trade breakouts when London/New York sessions open
2. VWAP Reversion: Fade moves that deviate too far from VWAP
3. News Avoidance: Reduce position sizing during macro event windows

Visual Example

Asian session (red)
London session (blue)
New York session (purple)
Macro event zone (white)
VWAP line (gold circles)

The basic script of trading sessions was taken as a basis and refined for greater convenience.

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Informacje o Wersji

Originality & Usefulness
This indicator combines trading session visualization with VWAP (Volume-Weighted Average Price), providing traders with a powerful tool to analyze market activity within key trading periods. The integration of these features helps:

Identify high-liquidity zones during specific sessions.
Compare price action relative to volume-weighted averages.
Detect session overlaps, where strong price movements often occur.

Key Features

Customizable Trading Sessions – Configure up to 3 trading periods with:
Custom names & colors for easy identification.
Timezone support (IANA & GMT formats).
Adjustable session hours (e.g., "0900-1500").

Enhanced Session Tracking:

Optional Open/Close lines (dashed).
Session labels with price range & average.
Built-in VWAP for volume-weighted trend analysis.
Macro Events Mode – A special session for tracking high-impact economic news (e.g., NFP, FOMC) with auto time adjustment for daylight savings.

How to Use

Set up your preferred sessions (e.g., Tokyo, London, New York).
Watch for VWAP crossovers within sessions—potential trend signals.
Focus on session overlaps (e.g., London + New York), where volatility spikes often occur.

Why It’s Unique
Unlike standard session indicators, this tool adds VWAP + macro-event tracking, offering deeper market context. For example:

If price holds above VWAP during Asia but breaks range at London open, it may signal a strong trend continuation.

Limitations

Works only on intraday timeframes (not for daily/weekly charts).

Example Trade Setup: A breakout above VWAP during the London session, confirmed by New York session volume, could indicate a strong bullish move.

Skrypt open-source

W duchu TradingView twórca tego skryptu udostępnił go jako open-source, aby traderzy mogli analizować i weryfikować jego funkcjonalność. Brawo dla autora! Możesz korzystać z niego za darmo, ale pamiętaj, że ponowna publikacja kodu podlega naszym Zasadom Społeczności.

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Skrypt open-source

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