This indicator builds Market Profile Time Price Opportunity (TPO) structures across defined session timeframes directly on the main price chart. It visualizes the Point of Control (POC) and Value Area boundaries using dynamic box drawings. An integrated multi-
Indicator · Pine Script v5 · On the chart
Time based retracement by DOW - stats
This indicator plots two independent time-based retracement levels on the price chart.
GitHub stars46on the repository
Pine versionv5runs as is
Lines of code319
Settings29inputs
LicenceNone stated
Last update7 weeks ago4 Sep 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Each level records a session opening price, then draws a percentage retracement target during a later session window in America/New_York time. Users can set both session times, the retracement percentage, line style, colors, and labels. A statistics table counts how often price reaches each target and splits those counts by weekday and by whether the target sits above or below the open. The script does not generate trade entries or exits.
- Two session retracement levels
- Weekday above and below stats
- Configurable line styles and labels
- New York session time windows
- On-chart statistics table
Details
Published by
TamaraKGreen on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Sessions & time, Support & resistance, Screeners & dashboards
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Open time Level 1 | session | 0000-0001 | open_time_1 |
| Show target time level - Level 1 | bool | true | open_lbl_lv_1 |
| Retracement during - Level 1 | session | 0800-1600 | ret_time_1 |
| Retracement % Level 1 | int | 50 | ret_pct_1 |
| Show Level 1 % retracement target label | bool | true | ret_lbl_pc_1 |
| Show opening price label - Level 1 | bool | true | ret_lbl_lv_1 |
| Retracement % color Level 1 | color | color.lime | ret_pc_col_1 |
| Open time color Level 1 | color | color.teal | open_col_1 |
| Show level 1 plots on the chart | bool | true | show_1 |
| Target retracement line style | string | Dotted | Target retracement line style |
| Show Label for session opening time - Level 1 | bool | true | label_1 |
| Open time Level 2 | session | 0800-0801 | open_time_2 |
Show all 29 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show target time level - Level 2 | bool | true | open_lbl_lv_2 |
| Retracement during - Level 2 | session | 0930-1600 | ret_time_2 |
| Retracement % Level 2 | int | 50 | ret_pct_2 |
| Show Level 2 % retracement target label | bool | true | ret_lbl_pc_2 |
| Show opening price label - Level 2 | bool | true | ret_lbl_lv_2 |
| Retracement % color Level 2 | color | color.fuchsia | ret_pc_col_2 |
| Open time color Level 2 | color | color.purple | open_col_2 |
| Show level 2 plots on the chart | bool | true | show_2 |
| Target retracement line style | string | Dotted | Target retracement line style |
| Show Label for session opening time - Level 2 | bool | true | label_2 |
| Show stats table | bool | true | show_tbl |
| Table Position | string | top_right | tablePosition |
| Text Size | string | small | tableTextSize |
| Text color | color | color.white | text_color |
| Border color | color | color.teal | bd_color |
| Background color | color | color.rgb(40, 40, 40) | bg_color |
| Frame color | color | color.teal | fr_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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