NQ 65 Point Futures Session 30 Second Opening Range

25 sie

NQ 65 Point Futures Session Open Range Pro
Overview
This Pine Script indicator is designed specifically for NASDAQ-100 E-mini (NQ) futures traders who utilize opening range breakout strategies across multiple global trading sessions. The indicator provides comprehensive session-based opening range analysis with advanced 65-point interval projections.
Key Features
Multi-Session Opening Range Analysis

RTH (Regular Trading Hours): 8:30 AM CT - New York session opening range
Globex (Asian Session): 5:00 PM CT - Asian market session opening range
Europe Session: 2:00 AM CT - European market session opening range

Core Functionality

High/Low/Mid Lines: Displays opening range boundaries and midpoint for each session
Customizable Colors: Full color customization for each session's lines
Price Labels: Optional price display on all levels with session identification
Statistics Table: Real-time table showing high, low, and range width for active sessions

Advanced 65-Point Interval System

RTH-Specific Feature: Plots 5 levels above and below RTH opening range at 65-point intervals
Projection Levels: +65, +130, +195, +260, +325 above RTH high and corresponding negative levels below RTH low
Customizable Labels: Toggle price display and session names on interval lines
Color-Coded: Separate colors for upside and downside projections

Enhanced Trading Tools

Breakout Detection: Automatic identification of opening range breakouts with visual signals
Alert System: Built-in alerts for all session breakouts (up and down)
Range Boxes: Optional visual boxes highlighting opening ranges
Multiple Timeframe Support: Works across various chart timeframes

Display Options

Label Customization: Multiple size options (Tiny, Small, Normal, Large)
Session Toggle: Individual on/off controls for each session
Transparency Controls: Adjustable transparency for range boxes
Professional Styling: Clean, professional appearance suitable for live trading

Trading Applications
This indicator is particularly valuable for:

Gap Trading: Identifying key levels after overnight gaps
Breakout Trading: Clear visual confirmation of range breakouts
Support/Resistance: Using opening ranges as dynamic S/R levels
Session Transition: Understanding how price behaves across global sessions
Risk Management: Using 65-point intervals for position sizing and target setting

Technical Specifications

Version: Pine Script v5
Overlay: True (plots directly on price chart)
Max Lines: 500 (accommodates extensive level plotting)
Timezone: America/Chicago (Central Time)
Data Frequency: 30-second precision for opening range calculation

Usage Notes

Designed specifically for NQ futures but may work on other instruments
Best performance on intraday timeframes (1m, 5m, 15m, 30m)
Opening ranges calculated based on first 30 seconds of each session
All alerts are customizable through TradingView's alert system

Customization Options
The indicator offers extensive customization including:

Color schemes for each session
Label display preferences
Line transparency and thickness
Statistical table positioning
Alert message customization

26 wrz

Informacje o Wersji

Added optional 10 pt pay lines - 10pt and 65pt rotations off by default

5 paź

Informacje o Wersji

Made pay/scalp line adjustable

6 gru

Informacje o Wersji

Overview
Tracks opening ranges across three global futures sessions (RTH, Globex, Europe) using 30-second precision sampling for NQ futures. Provides high/low/mid levels, 65-point projection intervals, and breakout detection for range-based trading.
What Makes This Unique
30-Second Precision: Uses request.security_lower_tf() to sample the first 30 seconds of each session, capturing exact opening range high/low rather than relying on larger timeframe bars.
Multi-Session Tracking: Simultaneously monitors RTH (8:30 AM CT), Globex (5:00 PM CT), and Europe (2:00 AM CT) opening ranges with independent calculations for 24-hour futures coverage.
65-Point Projections: RTH-specific feature plots 5 extension levels above/below opening range at 65-point intervals (+65, +130, +195, +260, +325). Calibrated for NQ futures point movement characteristics.
Adjustable Scalp Levels: Customizable +/- point lines from RTH range (default 10 points, adjustable) for precise entry/exit management on NQ volatility.
How It Works
Opening Range Calculation:
Session detection: hour(time, "America/Chicago") + minute(time) * 0.01
30s data request: request.security_lower_tf(syminfo.tickerid, "30S", high/low)
Range capture: ta.valuewhen(session_time == start_time AND second == 0, array.get(data, 0), 0)
Midpoint: (high + low) / 2
At each session start (RTH: 8:30:00 CT, Globex: 17:00:00 CT, Europe: 02:00:00 CT), the indicator captures the first 30-second bar's high and low, then plots these as persistent levels.
65-Point Intervals (RTH only):
Level_up[n] = RTH_high + (65 × n) where n = 1,2,3,4,5
Level_down[n] = RTH_low - (65 × n)
Example: If RTH high = 21,000

+65 level = 21,065
+130 level = 21,130
+195 level = 21,195
+260 level = 21,260
+325 level = 21,325

Breakout Detection:
Break_up = ta.crossover(close, session_high)
Break_down = ta.crossunder(close, session_low)
Adjustable Point Offset:
Point_high = RTH_high + point_offset (default 10.0, adjustable)
Point_low = RTH_low - point_offset
Statistics:
Range width = session_high - session_low (displayed in table)
How to Use
Session-Based Levels: Each session's opening range represents institutional price discovery. RTH (8:30 AM CT) shows New York institutional activity, Globex (5:00 PM CT) reflects Asian flows, Europe (2:00 AM CT) captures European positioning. Use as dynamic support/resistance.
Breakout Trading: Visual signals mark opening range breakouts. Monitor NQ volatility—narrow ranges often precede larger moves.
65-Point Targets: After RTH breakout, use 65-point intervals as profit targets. These fixed intervals align with common NQ institutional order flow levels. Example: after +65 hit, next target is +130.
Gap Analysis: Compare overnight sessions to RTH. Large gaps between sessions often fill toward RTH opening range.
Scalping: Adjustable point offset (default 10 for NQ) provides tight profit targets. Adjust based on NQ volatility—decrease to 5-7 for low volatility, increase to 15-20 for high volatility days.
Key Settings
Session Toggles: Enable/disable RTH, Globex, Europe individually. For RTH-only traders, disable Globex and Europe.
65-Point Lines: RTH-exclusive, off by default. Shows 5 levels above/below opening range at 65-point intervals specifically calibrated for NQ movement patterns.
Point Offset (10.0): Adjustable for NQ scalping levels. Lower values (5-7) for tight scalps, higher (15-20) for volatile days.
Range Boxes: Optional visual highlighting with adjustable transparency (50-99%).
Statistics Table: Shows session high, low, range width. Position adjustable.
Price Labels: Show/hide actual price values on all levels.
Why Protected Source
The 30-second data aggregation using request.security_lower_tf() with time-based session detection, 65-point interval projection system calibrated specifically for NQ futures volatility characteristics, and multi-session concurrent tracking represent proprietary implementation methods developed for NQ trading.
Technical Requirements
Optimal Instrument: NQ (NASDAQ-100 E-mini futures) - specifically calibrated for this contract
Recommended Timeframes: 1m, 5m, 15m, or 30m charts
Timezone: America/Chicago (Central Time). Session times automatically adjust for display but calculate on CT.
Data Requirements: Requires 30-second data access (available through TradingView for NQ futures)
Important Disclaimers
Not Financial Advice. Educational tool only.
NQ-Specific. 65-point intervals optimized for NQ futures. For ES use 15-point version. Other instruments require different interval sizes.
Session Accuracy. Captures first 30 seconds only. Data gaps or late opens may affect accuracy.
Breakout Signals. Visual markers indicate level crosses, not trade recommendations.
Historical Limitations. Opening range effectiveness varies by market regime and volatility.
Always use proper risk management. This provides reference levels, not trade signals.