The opening range or first 30 minutes of trading during the day sets the tone and becomes an important reference through the rest of the day. Price will react as it reaches the high and low of the opening range. Backtesting has shown that the strategies based on the opening range have merit and provide an edge in trading. By not being aware of these points of...
The script shows the opening range of the instrument based on different resolutions and timeframes. Inputs : 1. Resolution It decides the calculation frequency of the script. In Auto resolution, Standard values have been used. 2. Timeframe It decides the timeframe for the OHLC values. By default, it will use the chart timeframe and so chart OHLC values. 3....
Plots horizontal lines for the following opening times: 00:00 open 08:30 open 09:30 open 13:30 open Opening lines can be used to monitor for power of 3/judas swings as per ICT teachings. The script allows the user to set a maximum timeframe for displaying the lines to keep HTF charts clean. Also an option is available to hide the lines after the market closes....
The ICT concept of New Day Opening Gaps (NDOG) is simply an imbalance that may manifest at Daily Opening time. This gap in price is formed by the Close at 5PM EST and the open at 6PM EST. According to ICT's studies, this gap in price holds a lot of significance when it comes to price action, acting as a magnet or a point of reference during the day (and following...
Publishing my trading system script. It consist of several conditions to happen in order to open a trade. Work best on ES/MES 5 minute timeframe. I like to use it with this settings: - UTC -6 (don't tick Exchange Timezone) and rest as default To enter a trade, the following conditions must be met: Entry 1: the opening range (8:30AM - 9:15AM UTC-6) must be defined...
Timing when day trading can be everything In Stock markets typically more volatility (or price activity) occurs at market opening and closings When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open...
Problem & Trading Relevance When people and especially investors and traders wake up, they will very likely check the crypto markets if they are invested. Thus higher volatility can be expected during this time. Also during the opening hours of the stock exchanges higher volatility can be expected. For people who are checking their crypto portfolio on a daily...
See previous version for explanation of the 30min Opening Range: This new version is for users that prefer to see the Opening Range Extensions. The extensions are based on the distance from the Opening Range High to the Mid Point (or Low to the Mid Point).
This script shows the change from the market opening price to the market closing price of the previous day in percent. With this you can quickly get an overview of historical data for the change of the respective day. Important: the market closing price is always used for the calculation and not the pre/post market price. The label with the change value is...
Session Levels - Ultimate Range Indicator Primarily developed for trading the E-MINI Futures Markets like NQ or ES from the CME Group, but also more than suitable for Crypto or other instruments. This indicator highlights the chosen session, which can be Globex, Asian, London and New York. It plots the important levels and also renders the Opening Range as it...
PA Trading v1 will basically help you find the weekly and monthly strong support resistance points by automatically drawing lines for Daily opening, monday high and low, Weekly opening, Monthly opening, Last week's opening and last month's opening points on the chart.
Open Range Breakout With Take Profit Zones prints the open range and profitable zones based on the high and low during the opening hours. This indicator can be used to prepare breakout trades following the OPR strategy. The time window for the open range as well as for the market hours can be configured. Also custom alerting templates allow to create alerts...
Fibonacci Opening Range it is 50% and 0.61% of 5 min or 30min or 1 hour opening candle search buying opportunities below 0.61 and selling opportunities above 0.50 Also acts as good support and resistance in intraday BEST RESULTS IN INDEXES Thanks & Best Regards Marella Ganesh
This script plots the 30min Opening Range as well as the previous day's high & low. Description: Blue Line = Top of the 30min Opening Range for the session Pink Line = Bottom of the 30min Opening Range for the session White Line = Mid-Point of the 30min Opening Range for the session White Transparent Area = The full range of the 30min Opening Range Green Line =...
This script plots the high/low of any custom session and extends it until the daily close. It does not show on the timeframe higher than the length of custom opening session by default. The time period of opening range & the max timeframe to display it on can be adjusted from the settings. So for eg. if want to use 5m ORB to trade, then set "ORB total time"...
TD Ameritrade regular + extended US trading hours highlight
Example how to overlay the first lower timeframe bar of the day across the entire day. Set chart to a timeframe that is lower than 1 Day period. Also included option for coloring wick pressure of that bar. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have...