Opening Range Gap The Opening Range Gap, also known as the Regular Trading Hours (RTH) Gap, is the distance between the first opening tick of a session and the previous session's close, when looking at a chart's Regular Trading Hours (not to be confused with Electronic Trading Hours). This gap is an important element for Futures Market traders that follow the...
The ICT Opening Range Gap is a concept taught by Inner Circle Trader and is discussed in the videos: 'One Trading Setup For Life' and 2023 ICT Mentorship - Opening Range Gap Repricing Macro ORGs, or Opening Range Gaps, are gaps that form only on the Regular Trading Hours chart. The Regular Trading Hours gap occurs between 16:15 PM - 9:29 AM EST (UTC-4) These...
This indicator displays 30 second opening ranges from Globex, Europe, and RTH sessions. From the RTH session range, it also displays infinitely generating Price Targets based on a % of the opening range size. I am retrieving the 30 second data using the new "request.security_lower_tf()" function. The importance of these levels is based on the idea that when the...
-Shows the gap between 4pm close and 9:30am open; the Regular trading hours Vs Electronic trading hours Gap (RTH vs ETH). -Displays this as a box starting at 9:30am, whose bottom is the 9:30am open; top is previous day's 4pm close. -Displays when chart is toggled to either of ETH or RTH. -Useful reminder of area above/below opening bell price that price often has...
Made for ES/NQ. CME_MINI:ES1! CME_MINI:NQ1! But it will most likely work for all USA futures. Default clock settings are set according to CST. This Indicator automatically draws RTH levels, yesterday’s RTH levels, initial balance, overnight and 12-1 (lunch) levels. In additionally, at RTH open, it shows opening type. Also shows/alert works for 12-1 stat. You...
Midpoint and VWAP are often important inflection points in daytrading. I managed to find a script providing me with a 24 hour session midline by NorthStarDayTrading and a RTH VWAP script by LDBC. So I decided to merge those two to get a RTH mid and vwap.
12/Jan/2021 09:15 AM AUTHOR: Brandon Gum -- Updated script to plot vertical lines for open and close of futures. Not sure why the 8:30 and 15:00 times had to be used over 9:30 or 16:00 Only plots for products of type futures. - Could be easily expanded to work with cryptos as well if you wanted. ======================