An overlay indicator that splits the trading day into accumulation, manipulation and distribution phases using New York time sessions, by default 19:00 to 01:00, 01:00 to 07:00 and 07:00 to 13:00.
For each phase it draws a shaded box that tracks the session high and low, with a text label above it. Each phase can be switched off, and session times and colours are editable. The boxes are drawn only on charts of one hour or lower, as the code states. It marks time ranges and gives no entry signals.
Accumulation, manipulation and distribution session boxes
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Accumulation
bool
true
show_Accumulation
Accumulation_ses
session
1900-0100
Accumulation_ses
Color
color
#8bbcfc
Accumulation_color
Manipulation
bool
true
show_Manipulation
Manipulation_ses
session
0100-0700
Manipulation_ses
Color
color
#F0B884
Manipulation_color
Distribution
bool
true
show_Distribution
Distribution_ses
session
0700-1300
Distribution_ses
Color
color
#0CC1C0
Distribution_color
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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