Session Range Boxes(MTF)

📦 Indicator Name

Session Range Boxes (MTF)
Multi-Timeframe Directional Session Range Visualization

📘 Description

Session Range Boxes (MTF) is a multi-timeframe market structure tool that visually highlights price range behavior across different time sessions using clean, directional range boxes.

Each box represents the High–Low range of a completed or live session, automatically colored based on directional bias:

🟢 Bullish → Session Close > Session Open

🔴 Bearish → Session Close < Session Open

⚪ Neutral → Session Close = Session Open

This allows traders to instantly identify trend strength, balance zones, volatility expansion, and key support/resistance areas across multiple timeframes — all on a single chart.

🔍 What This Indicator Shows

For every enabled timeframe, the indicator:

Draws a range box from session open to session close

Continuously updates live session High & Low

Locks the final color once the session completes

Keeps historical boxes for structure and context

Supported timeframes:

Quarterly

Half-Yearly

Yearly

Monthly

Weekly

Daily

Hourly

30-Minute

15-Minute

5-Minute

⚙️ Default Behavior

By default, the indicator enables:

Weekly

Daily

Hourly

This default setup is intentionally chosen to suit most traders and provides:

Higher-timeframe structure (Weekly)

Swing context (Daily)

Intraday execution levels (Hourly)

🧠 How to Use It Effectively
📈 Higher-Timeframe Analysis (Swing / Positional Trading)

Recommended combinations:

Weekly + Daily

Monthly + Weekly

Use cases:

Identify dominant market bias

Spot compression vs expansion

Define higher-timeframe support & resistance zones

⚡ Intraday Trading (Day Trading)

Recommended combinations:

Daily + Hourly

Hourly + 30-Minute

Use cases:

Track intraday range development

Identify directional day types

Trade breakouts, rejections, or mean-reversion within session ranges

🚀 Scalping & Precision Entries

Recommended combinations:

Hourly + 15-Minute

30-Minute + 5-Minute

Use cases:

Fine-tune entries within larger session ranges

Align lower-timeframe trades with higher-timeframe bias

Spot micro range expansion and contraction

🎨 Customization Options

Bullish / Bearish / Neutral colors

Box fill transparency

Border transparency & color

Maximum historical boxes per timeframe

This allows you to keep charts clean, lightweight, and performance-friendly.

💡 Best Practices

Avoid enabling too many timeframes at once — clarity beats clutter

Use higher-timeframe boxes for bias, lower-timeframe boxes for entries

Combine with:

Market structure

Volume

VWAP

Liquidity concepts

Price action confirmation

Session Range Boxes (MTF) is a clean, powerful visual tool designed to help traders:

Understand session-based price behavior

Align trades across timeframes

Improve structure awareness without clutter

Whether you are a scalper, day trader, or swing trader, this indicator adapts seamlessly to your workflow.