TripleSZ indicator - Simple Session Scalp Zones - MT5 only

This is my TripleSZ indicator. (Simple Session Scalp Zones)
This is ONLY for MT5
I’ve decided to post this after seeing how complicated many seem to make their trading.
Some charts I’ve seen here I struggle to see the most important thing, the actual Price Action..

This is NOT a trend reversal system, it is for scalps of 5-10 pips.

The levels re-set 3 times a day on the 0, 8 and 16 hour candles with a vertical line drawn to indicate this.
There are two buy zones, and two sell zones.
How you use them is up to you.
The solid line areas will offer less risk and I tend to use in the London/NY sessions when volatility is higher.

My advice is to just observe these levels and the price reaction when levels are reached for a few weeks,
THEN decide how you wish to trade using them.
All crosses behave differently and react to data accordingly.
The levels remain the same, regardless of chart time frame you use.

Adjust the colors / line styles to suit your chart preferences.

** Please note! I am NOT a coding guru, I am self-taught and learnt from studying and modifying existing code to suit my needs over the past 20 years.

** Sorry, but I wont be modifying or supplying source code, NOR will I discuss how I trade it. It’s a very basic system and if you spend some time watching it, I'm sure you can figure out what works for you…

The only aim I have by posting this, is to maybe help a few new traders see that not all systems need to be complicated or need whiz bang indicators.

Hello and thanks for the sharing.
I've run it on simulated history charts for several weeks as you recommend. I see levels as many lwvels: sometimes price reacts, sometimes goes through.

I see you propose to analyse and decide "up to you" method. But can I kindly ask you to show how you interpret these levels and take your trades?

Thanks again for your work.

What I meant was watch levels in real time moving forward. Every 8 hrs the levels will be re set.

So if we look at AUDUSD this morning for example. The price spiked up on CPI and reversed back down for 19 pips.
I would look to sell inside the dashed lines and take 5-10 pips profit.

Asia moves are usually far smaller than London/NY, so the dash lines are worth a look, the Solid lines offer better entry in more volatile times. Major US data I would not trade as there is no point standing on front of a freight train.

Like I stated in first post, just watch and see what works for you, I really dont want to delve into what I do as it might not work for others.

Im just showing a very simple approach and that the need for a gazillion bells and whistles is not always needed.

And an example of Cable just now using the solid lines in London..
I will add that I only ever trade once per session, as good chance on 2nd test it will take those levels out..

Now that is an excellent piece of advice

In case anyone's interested, I've made some minor updates to this level indicator and added some notes in pdf form.
Still same level calculations but with some av price levels drawn in and file name change. Up to you how you elect to trade it..