Session Structure on SPX — Reading Pullbacks Inside the Range

Session Structure — Price Action Framework (SPX 5-Minute Example)

https://www.tradingview.com/x/RNQouKAt/

“This structure is automatically mapped by my private Session Structure tool, but shown manually here to comply with TradingView’s public posting rules.”

This indicator is designed for price action traders who want a clean, objective way to visualise session structure, support/resistance, and measured pullbacks — without signals or clutter.

What the indicator does

Automatically plots a session range box from a user-defined start time
Calculates internal pullback levels (33% / 50% / 66%)
Provides a simple framework for assessing:
Where price is accepting
Where it is being rejected

Where risk can be defined cleanly using candles + structure

The indicator does not generate trade signals — it simply provides clear reference levels so traders can focus on reading price.

Chart context (image example)
Instrument: SPX
Timeframe: 5-minute
Session range begins at the user-defined session start
Custom EMAs enabled (20 & 200 shown)

After the first few candles, a range begins to form. Once the initial range is established, price starts trading sideways, repeatedly finding resistance between the 50% and 66% pullback levels.

This zone quickly becomes a clearly defined resistance area.

Reading the price action

After the first 6 candles, price stalls and begins to rotate
Multiple candles fail to close above the 50–66% pullback zone
Bar 10 closes below the low of Bar 5, signalling weakness
Bar 11 then pulls back into the same 50–66% zone and rejects again

At this point:

Structure is clear
Resistance is respected
Risk is well defined

This creates a high-quality price-action short setup, using candles and structure — not indicators.

Trade management example (illustrative)

Entry:

Conservative: on the close of Bar 13
Aggressive: inside the 50–66% pullback zone once rejection is clear

Stop loss:
Above the high of Bar 2 (also above the 200 EMA)

Outcome:
1:1 reached by Bar 15
1:2 reached by Bar 17

The indicator doesn’t tell you when to enter — it simply makes the structure obvious so you can make those decisions confidently.

Why this works

Price is reacting to measured levels, not arbitrary lines
Support and resistance are defined by the session itself
Candles confirm acceptance or rejection at known areas
Risk-to-reward can be assessed before entering

Additional features

Custom session start time and timezones (DST-aware)
Adjustable range size (number of candles)

Range box can be:
Fixed
Extended
Continuous (full-day structure tracking)

Custom EMA lengths
ATR HUD (bottom-right) to help with:
Scalp sizing

Stop-loss context
Close-above / close-below EMA tracking for bias awareness

Optional alerts for:
Range breaks
Pullback level interactions

Designed primarily for 5-minute charts, but adaptable to other intraday timeframes.