OPEN-SOURCE SCRIPT
Zaktualizowano X Opens+
Overview:
The X Opens+ indicator is a precision tool designed for traders seeking to analyze market structure and behavior around key timeframe opens. It highlights the open prices of custom-selected higher timeframes—such as daily, weekly, or monthly sessions—and visualizes them directly on lower timeframes. These open levels often coincide with high-volume zones, market imbalance, and institutional interest, making them powerful reference points for intraday and swing trading strategies.
Key Features:
Custom Timeframe Anchoring: Users can select any timeframe (e.g., daily, 4H, 1W) to display its current and previous session opens directly on their active chart. This allows for flexible multi-timeframe analysis within a single view.
Price Reaction Zones: Timeframe opens are frequently areas of heightened liquidity and directional bias. By identifying these opens and their relationship to current price action, traders can anticipate areas of support/resistance, trend continuation, or reversal.
Derived Midpoints and Ranges: The indicator also computes and displays the previous session’s range midpoint (EQ), as well as extension bands (e.g., ±1.0x or ±1.5x the prior range). These levels are useful for contextualizing volatility expansion and identifying breakout or fade setups around key open zones.
Historical Session Mapping: In addition to live opens, the tool optionally displays opens and range-based levels from previous sessions. This historical layering gives traders a broader context of how price has respected or rejected these levels over time.
Labeling and Customization: Each level can be labeled and color-coded to match user preferences. The visibility, size, and style of each element (e.g., lines, labels, bands) are fully configurable for visual clarity and user alignment.
Use Cases:
Confirming bias around daily or weekly opens, especially during market opens or key economic releases.
Identifying equilibrium levels for mean reversion or continuation setups.
Using ±1.0 and ±1.5 range projections as dynamic targets or invalidation zones.
Anchoring to key sessions for volume profile or order flow-based strategies.
Summary:
X Opens+ is a data-driven utility that transforms static session opens into dynamic market tools. By spotlighting where institutional interest likely concentrates—at the opens of significant timeframes—this indicator provides traders with a structural edge in identifying key zones that influence price behavior throughout the trading day or week
The X Opens+ indicator is a precision tool designed for traders seeking to analyze market structure and behavior around key timeframe opens. It highlights the open prices of custom-selected higher timeframes—such as daily, weekly, or monthly sessions—and visualizes them directly on lower timeframes. These open levels often coincide with high-volume zones, market imbalance, and institutional interest, making them powerful reference points for intraday and swing trading strategies.
Key Features:
Custom Timeframe Anchoring: Users can select any timeframe (e.g., daily, 4H, 1W) to display its current and previous session opens directly on their active chart. This allows for flexible multi-timeframe analysis within a single view.
Price Reaction Zones: Timeframe opens are frequently areas of heightened liquidity and directional bias. By identifying these opens and their relationship to current price action, traders can anticipate areas of support/resistance, trend continuation, or reversal.
Derived Midpoints and Ranges: The indicator also computes and displays the previous session’s range midpoint (EQ), as well as extension bands (e.g., ±1.0x or ±1.5x the prior range). These levels are useful for contextualizing volatility expansion and identifying breakout or fade setups around key open zones.
Historical Session Mapping: In addition to live opens, the tool optionally displays opens and range-based levels from previous sessions. This historical layering gives traders a broader context of how price has respected or rejected these levels over time.
Labeling and Customization: Each level can be labeled and color-coded to match user preferences. The visibility, size, and style of each element (e.g., lines, labels, bands) are fully configurable for visual clarity and user alignment.
Use Cases:
Confirming bias around daily or weekly opens, especially during market opens or key economic releases.
Identifying equilibrium levels for mean reversion or continuation setups.
Using ±1.0 and ±1.5 range projections as dynamic targets or invalidation zones.
Anchoring to key sessions for volume profile or order flow-based strategies.
Summary:
X Opens+ is a data-driven utility that transforms static session opens into dynamic market tools. By spotlighting where institutional interest likely concentrates—at the opens of significant timeframes—this indicator provides traders with a structural edge in identifying key zones that influence price behavior throughout the trading day or week
Informacje o Wersji
clean upInformacje o Wersji
clean up of setting panelInformacje o Wersji
further panel clean upInformacje o Wersji
added channel feature to EQInformacje o Wersji
added high low lines. remember the more lines the less historyInformacje o Wersji
added +-2.0 and cleaned up codeInformacje o Wersji
added +- .25 and .75Informacje o Wersji
fixed wording in control panelInformacje o Wersji
partial fix of the ghosting lines due to pinescript bug. still working part but opens work now with one ghost line only when extending by 3 Informacje o Wersji
removed extending open by 3 to avoid ghosting while i try to fix further extensions Informacje o Wersji
clean up of codeSkrypt open-source
W duchu TradingView twórca tego skryptu udostępnił go jako open-source, aby traderzy mogli analizować i weryfikować jego funkcjonalność. Brawo dla autora! Możesz korzystać z niego za darmo, ale pamiętaj, że ponowna publikacja kodu podlega naszym Zasadom Społeczności.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Skrypt open-source
W duchu TradingView twórca tego skryptu udostępnił go jako open-source, aby traderzy mogli analizować i weryfikować jego funkcjonalność. Brawo dla autora! Możesz korzystać z niego za darmo, ale pamiętaj, że ponowna publikacja kodu podlega naszym Zasadom Społeczności.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.