Opening Range

5 Feb

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.
  

10 Apr

Nota Keluaran

• Added the monthly opening range
  
• Added alerts for when the price is touching the highs, lows, or middle lines of the opening ranges
  

11 Apr

Nota Keluaran

• Minor settings update
  

14 Apr

Nota Keluaran

• Added custom timeframes for the opening ranges.
  

17 Apr

Nota Keluaran

• Fix for the monthly opening range