Byzantium Institutional Toolkit


A Swiss army knife of technical tools that institutions also use.


The indicator contains:
  • Daily (base session) time weighted moving average (TWAP)
  • Fibonacci deviation cloud based on the base session TWAP
  • Overextension symbols based on the base session TWAP
  • Weekly, monthly and yearly TWAPs + the previous close levels
  • Regular daily, weekly, monthly and yearly open levels
  • Trading hours for London, New York, Tokyo and Sydney


The time weighted average price is similar to a VWAP , but the advantage of the TWAP is that it's universal.
With VWAPs you can have different prices on different charts because of volume differences.

Especially for the bitcoin market (and maybe crypto as a whole) TWAPs are very interesting right now because a lot more institutions are entering the space and they make use of TWAPing methods.

The opens are where the daily, weekly, monthly or yearly candle opened and then a dotted line is drawn from that level.
These levels are used by institutions so they often act as key support/resistance levels.

Trading hours
The trading hours show when legacy financial markets are officially open.
This data is based on Investopedia which should be a reliable source.
However the hours of some of the session are up for debate because for the London session for example the market opens at 8am according to Investopedia, but most financial news comes out at 7am.
Because of this 7am is often the most active time for the London session instead of 8am. Keep that in mind.

The beginning of a session is usually a very active time for the market and this can give nice trading opportunities.

For access to this indicator send me a private message.

نص برمجي للمستخدمين المدعوين فقط

الوصول إلى هذا النص مقيد للمستخدمين المصرح لهم من قبل المؤلف وعادة ما يكون الدفع مطلوباً. يمكنك إضافته إلى مفضلاتك، لكن لن تتمكن من استخدامه إلا بعد طلب الإذن والحصول عليه من مؤلفه. تواصل مع ByzantineGeneral للحصول على مزيد من المعلومات، أو اتبع إرشادات المؤلف أدناه.

لا تقترح TradingView الدفع مقابل النصوص البرمجية واستخدامها حتى تثق بنسبة 100٪ في مؤلفها وتفهم كيفية عملها. في كثير من الحالات، يمكنك العثور على بديل جيد مفتوح المصدر مجانًا في المكتبة العامة.

هل تريد استخدام هذا النص البرمجي على الرسم البياني؟

تحذير: يرجى القراءة قبل طلب الوصول.

For more content you can follow me (@ByzGeneral) on Twitter:

If you want access to one of my invite-only indicators send me a personal message.


awesome concept. you do good stuff man
+1 رد
following you in Twitter, would like access to this indicator of possible, thank you sir. Appreciate your content.
Hey General,

I see you using this indicator on Twitter a lot - would like to give it a try.

Cheers, J

I would like to try this please, if possible!

Thanks :)
Sr, says: "Study Error"...

Can you help?, thx Sr
@DoughTimes, refresh tradingview
+1 رد
Good stuff man! Thanks for adding me!!!
Thanks a lot for your input, very interesting tool, I would love to play with it if possible.

Would love to have a try!