No Trading Zone Tradingview Pinescript

No Trading Zone is a concept used by Gabriele Fabris in his book The Price in Time: A Powerful High Profitability Day Trading Method. I decided to code it as a Tradingview indicator which requires to correctly identify time-based zone and project its width to either direction. An entry is taken when the price overcomes this range + spread threshold in either direction and there are different stop-loss options associated with the strategy.There are several additional constraints such as the total width of the range. Generally, it shouldn't bee too narrow, too wide, be preceeded by a wild Asian session, or have high-impact news scheduled shortly. All of these conditions are further defined in the book. There are several additional constraints such as the total width of the range. Generally, it shouldn't bee too narrow, too wide, be preceeded by a wild Asian session, or have high-impact news scheduled shortly. All of these conditions are further defined in the book.