OPEN-SOURCE SCRIPT
German Market Opening UTC+1

Description:
This script highlights the opening time of the German stock market (08:00 UTC+1) on a TradingView chart. It is designed to help traders quickly identify market openings and analyze price movements during this key trading period.
Key Features:
Market Opening Identification:
Automatically detects the exact moment the German stock market opens each day (08:00 UTC+1).
Marks the opening with a vertical line spanning the entire chart and a label for visual clarity.
Custom Indicators:
A blue line is drawn from the lowest to the highest price of the opening candle, extending across the chart to visually indicate the start of the trading day.
A labeled marker reading "DE-Opening" is placed at the top of the opening candle for additional clarity.
Ease of Use:
Simple overlay indicator that works seamlessly on any timeframe chart.
Helps traders focus on key opening price action.
Use Case:
This script is particularly useful for day traders and scalpers who want to identify and analyze the price behavior around the opening of the German stock market. It provides a visual cue to help traders develop strategies or make informed decisions during this active trading period.
Note:
Ensure your chart’s timezone is set to match UTC+1 or appropriately adjust for your location to ensure accurate time alignment.
If you have questions or suggestions, feel free to provide feedback!
This script highlights the opening time of the German stock market (08:00 UTC+1) on a TradingView chart. It is designed to help traders quickly identify market openings and analyze price movements during this key trading period.
Key Features:
Market Opening Identification:
Automatically detects the exact moment the German stock market opens each day (08:00 UTC+1).
Marks the opening with a vertical line spanning the entire chart and a label for visual clarity.
Custom Indicators:
A blue line is drawn from the lowest to the highest price of the opening candle, extending across the chart to visually indicate the start of the trading day.
A labeled marker reading "DE-Opening" is placed at the top of the opening candle for additional clarity.
Ease of Use:
Simple overlay indicator that works seamlessly on any timeframe chart.
Helps traders focus on key opening price action.
Use Case:
This script is particularly useful for day traders and scalpers who want to identify and analyze the price behavior around the opening of the German stock market. It provides a visual cue to help traders develop strategies or make informed decisions during this active trading period.
Note:
Ensure your chart’s timezone is set to match UTC+1 or appropriately adjust for your location to ensure accurate time alignment.
If you have questions or suggestions, feel free to provide feedback!
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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.