OPEN-SOURCE SCRIPT
Atualizado STRIKE BOX
This **“STRIKE BOX”** Pine Script is used by traders to visually define and track the **New York Opening Range (OR)** — one of the most important time windows in intraday trading — and to monitor how price behaves relative to that range throughout the rest of the session.
Here’s the breakdown of what it’s used for and why traders care:
---
### 🕘 **Purpose**
The script automatically identifies and plots:
1. **The New York Opening Range (8:00–9:30 AM NY time)** – where institutional volume begins to surge.
2. **The Trading Session (9:30–17:00 NY time)** – the official U.S. stock market hours.
It marks the **high and low of the opening range** and then watches for **breakouts** or **retests** during the rest of the day.
---
### 💡 **Why traders use this**
1. **Identify key liquidity zones**
* The high and low of the opening range often represent **areas of trapped traders**, **liquidity pools**, and **institutional positioning**.
* Price tends to **revisit or react strongly** around these levels.
2. **Find breakout or reversal opportunities**
* Traders wait for price to **break above or below** the OR to confirm **directional bias** for the day.
* For example:
* A break above the OR high = possible bullish continuation.
* A break below the OR low = possible bearish momentum.
* If price fails to break and stays inside the range, that signals a **choppy or consolidating market**.
3. **Define risk and targets easily**
* The OR gives **natural stop-loss and take-profit zones**.
* A trader can buy near the OR low and target the OR high, or vice versa.
4. **Filter trades during high-volume hours**
* The New York session overlaps with London for a bit — this is when **most daily volume and volatility** occur.
* Many traders only want to trade inside or just after this opening period.
---
### 📊 **How this script helps**
* It **automatically draws lines** for the OR high and low.
* It plots **vertical dashed lines** marking when the OR starts and ends.
* It **detects when price breaks the OR** (sets `High_Break` or `Low_Break` to true).
* It provides clear **visual zones** for decision-making instead of manually drawing them every day.
---
### 🧠 In short
Traders use this to:
* See where the **New York Opening Range** formed.
* Watch for **breakouts or fakeouts** beyond that range.
* Align their trades with **institutional market flow**.
* Keep charts **clean and systematic** rather than guessing daily key levels.
---
Here’s the breakdown of what it’s used for and why traders care:
---
### 🕘 **Purpose**
The script automatically identifies and plots:
1. **The New York Opening Range (8:00–9:30 AM NY time)** – where institutional volume begins to surge.
2. **The Trading Session (9:30–17:00 NY time)** – the official U.S. stock market hours.
It marks the **high and low of the opening range** and then watches for **breakouts** or **retests** during the rest of the day.
---
### 💡 **Why traders use this**
1. **Identify key liquidity zones**
* The high and low of the opening range often represent **areas of trapped traders**, **liquidity pools**, and **institutional positioning**.
* Price tends to **revisit or react strongly** around these levels.
2. **Find breakout or reversal opportunities**
* Traders wait for price to **break above or below** the OR to confirm **directional bias** for the day.
* For example:
* A break above the OR high = possible bullish continuation.
* A break below the OR low = possible bearish momentum.
* If price fails to break and stays inside the range, that signals a **choppy or consolidating market**.
3. **Define risk and targets easily**
* The OR gives **natural stop-loss and take-profit zones**.
* A trader can buy near the OR low and target the OR high, or vice versa.
4. **Filter trades during high-volume hours**
* The New York session overlaps with London for a bit — this is when **most daily volume and volatility** occur.
* Many traders only want to trade inside or just after this opening period.
---
### 📊 **How this script helps**
* It **automatically draws lines** for the OR high and low.
* It plots **vertical dashed lines** marking when the OR starts and ends.
* It **detects when price breaks the OR** (sets `High_Break` or `Low_Break` to true).
* It provides clear **visual zones** for decision-making instead of manually drawing them every day.
---
### 🧠 In short
Traders use this to:
* See where the **New York Opening Range** formed.
* Watch for **breakouts or fakeouts** beyond that range.
* Align their trades with **institutional market flow**.
* Keep charts **clean and systematic** rather than guessing daily key levels.
---
Notas de Lançamento
updated chart and colorsScript de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.