OPEN-SOURCE SCRIPT

Reintegration OPR zone 9h30

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๐Ÿ“ Indicator Description (for TradingView):
Name: Reintegration OPR Zone โ€“ 9:30 AM EST (UTC-4)
Purpose:
This indicator is designed for US indices like NAS100, US30, or SPX500. It helps identify potential false breakouts or retests by tracking when the price re-enters the Opening Price Range (OPR) after an initial breakout.

๐Ÿ” How it works:
At 9:30 AM New York time (UTC-4), the script captures the high and low of the first 15-minute candle (which is key for the US session open).

It then draws a horizontal box (rectangle) from the high to the low of that candle.

The box extends horizontally for 7 hours (28 candles on a 15-minute chart).

The script tracks if price:

Breaks above or below the OPR zone

Then re-enters the zone (a potential "fakeout" or "retest" signal)

No label or text is displayed on the chart (you requested it to be hidden).

๐Ÿ•’ Timeframe:
Designed for the 15-minute chart (M15)

Assumes New York session open at 9:30 AM EST (UTC-4)

Penafian

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