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Opening Range

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The Opening Range indicator highlights the high, low, and midpoint of the first hour (1H) of each trading day and the first four hours (4H) of each trading week. These ranges are displayed as rectangles, providing key support, resistance, and breakout levels.

Features
  • 1H Daily Range: Shows the opening range for the first hour of each trading day.
  • 4H Weekly Range: Shows the opening range for the first four hours of each trading week.
  • Middle Line: Displays a dotted line at the midpoint of each range for additional reference.
  • Labels: Marks each range with "OR.1H" or "OR.4H" for easy identification.
  • Customizable: Adjust colors, toggle visibility, and set the number of ranges to display.


How to Use
  • Use the high and low of the range as potential support and resistance levels.
  • Watch for breakouts above or below the range for trading opportunities.
  • Use the midpoint line as a reference for mean reversion or trend analysis.

Script protegido

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

andxres
openingrangeopeningrangebreakoutPivot points and levels

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
openingrangeopeningrangebreakoutPivot points and levels

Script protegido

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

andxres

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.