OPEN-SOURCE SCRIPT

Timebender - ORG

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Timebender – ORG (Opening Range Gap) identifies and visualizes the price gap between the prior session close and the new session open using a fixed New York session anchor (16:14 → 09:30).

The script automatically draws a gap box and allows traders to break the range into configurable internal levels for structured analysis.

Features

Anchored to New York time for consistent gap detection

Uses the true 1-minute close at 16:14 when available

Optional internal divisions:

Midpoint only

4 quadrants

8 quadrants

Customizable line style and thickness

Adjustable box extension and historical lookback

Session delineation markers

Displays on higher timeframes (up to the selected limit)

How It Works

When a new session begins, the indicator captures the prior session’s closing price and compares it with the new open to define the opening range gap. The gap is then projected forward so traders can monitor interaction with the range throughout the session.

Internal divisions help frame premium/discount areas inside the gap and provide consistent reference levels.

Notes

Designed for instruments that respect the New York session structure.

Visual tool only — it does not generate trade signals.

Always test any tool within your own methodology before using it in live markets.

Wyłączenie odpowiedzialności

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