Plots the Opening Range for the First Hour for Stocks and Forex. Option to Plot the first 30 Minutes Opening Range, or Both. See first Post for Specifics.
Coming Soon: www.ChrisMoodyTrading.com
//Created by user ChrisMoody, with help from Alex in TechSupport and TheLark //Currently works on Stocks //Currently works on Forex but only based on the New York Session starting at 1700 East Coast Time //Futurer Versions will have options to plot sessions bsed on Forex Europe Opening Range , Asia, etc. study(title="CM_Opening-Range-V1", shorttitle="CM_OpenRnge-V1", overlay=true) up60on = input(true, title="60 Minute Opening Range High") down60on = input(true, title="60 Minute Opening Range Low") up30on = input(false, title="30 Minute Opening Range High") down30on = input(false, title="30 Minute Opening Range Low") is_newbar(res) => change(time(res)) != 0 adopt(r, s) => security(tickerid, r, s) high_range = valuewhen(is_newbar('D'),high,0) low_range = valuewhen(is_newbar('D'),low,0) high_rangeL = valuewhen(is_newbar('D'),high,0) low_rangeL = valuewhen(is_newbar('D'),low,0) up = plot(up60on ? adopt('60', high_range):na, color = lime, style=circles, linewidth=4) down = plot(down60on ? adopt('60', low_range): na, color = #DC143C, style=circles, linewidth=4) trans60 = up60on ? 75 : 100 fill(up, down, color = white, transp=trans60) up30 = plot(up30on ? adopt('30', high_rangeL): na, color = #7FFF00, style=circles, linewidth=2) down30 = plot(down30on ? adopt('30', low_rangeL): na, color = red, style=circles, linewidth=2) //trans30 = up30on ? 70 : 100 //fill(up30, down30, color = white, transp=trans30)