OPEN-SOURCE SCRIPT
BOR + 08:28

BOR + TIME: Precision 1-Minute Opening Range Analysis
METHODOLOGY OVERVIEW
This indicator implements a proprietary time-based trading methodology that combines opening range analysis with precision timing algorithms designed exclusively for 1-minute charts during the New York trading session.
CORE ALGORITHM COMPONENTS
1. Bond Opening Range (BOR) Identification
- Captures the complete price range during 08:00-09:00 NY time
- Establishes the foundational trading range for the session
- Uses high-precision minute-level data to define exact boundaries
2. Critical Time Level Analysis (08:28 Candle)
- Identifies the 08:28-08:29 minute candle as a key reference point
- This specific timing represents a critical juncture before market open
- Captures the exact high/low range of this precise minute
3. Directional Bias Determination (09:00 Analysis)
- At exactly 09:00, compares current price position relative to 08:28 boundaries
- Above 08:28 High: Activates support-seeking mode (bullish bias)
- Below 08:28 Low: Activates resistance-seeking mode (bearish bias)
- Inside 08:28 Range: No directional bias established
4. Dynamic Standard Deviation Projections
- Uses the 08:28 candle range as the mathematical basis for standard deviation calculations
- Support Mode: Projects levels below 08:28 low using range multipliers (-1σ, -2σ, -3σ, -4σ)
- Resistance Mode: Projects levels above 08:28 high using range multipliers (+1σ, +2σ, +3σ, +4σ)
- Levels are active only during 09:00-10:30 trading window
UNIQUE FEATURES
Conditional Logic Engine
- Real-time directional switching based on 09:00 price position
- No static levels - everything adapts to intraday price action
- Eliminates noise by focusing on specific time windows
Precision Timing Requirements
- Requires exact 1-minute timeframe for accurate calculations
- Time-sensitive algorithm that relies on minute-by-minute analysis
- Optimized for high-frequency intraday trading decisions
Mathematical Framework
- Standard deviations calculated using actual candle range data
- Dynamic level spacing based on market volatility (08:28 range)
- Four-tier projection system for multiple target/stop levels
TRADING APPLICATION
Best Used For:
- ES, NQ, YM and other liquid index futures
- Active day trading during NY session (07:00-12:00)
- Scalping and short-term reversal strategies
- Intraday support/resistance identification
Signal Interpretation:
- Red lines represent potential reversal zones
- Direction determined by 09:00 vs 08:28 relationship
- Multiple standard deviation levels provide layered entry/exit points
- Time-restricted plotting ensures relevance during active trading hours
IMPORTANT REQUIREMENTS
- ONLY works on 1-minute charts - precision timing is essential
- Designed for New York trading session (futures markets)
- Most effective during high-volume trading periods
CUSTOMIZATION OPTIONS
- Toggle BOR box visibility and transparency
- Enable/disable 08:28 candle highlighting
- Adjust visual elements (colors, transparency)
- Show/hide range information labels
METHODOLOGY OVERVIEW
This indicator implements a proprietary time-based trading methodology that combines opening range analysis with precision timing algorithms designed exclusively for 1-minute charts during the New York trading session.
CORE ALGORITHM COMPONENTS
1. Bond Opening Range (BOR) Identification
- Captures the complete price range during 08:00-09:00 NY time
- Establishes the foundational trading range for the session
- Uses high-precision minute-level data to define exact boundaries
2. Critical Time Level Analysis (08:28 Candle)
- Identifies the 08:28-08:29 minute candle as a key reference point
- This specific timing represents a critical juncture before market open
- Captures the exact high/low range of this precise minute
3. Directional Bias Determination (09:00 Analysis)
- At exactly 09:00, compares current price position relative to 08:28 boundaries
- Above 08:28 High: Activates support-seeking mode (bullish bias)
- Below 08:28 Low: Activates resistance-seeking mode (bearish bias)
- Inside 08:28 Range: No directional bias established
4. Dynamic Standard Deviation Projections
- Uses the 08:28 candle range as the mathematical basis for standard deviation calculations
- Support Mode: Projects levels below 08:28 low using range multipliers (-1σ, -2σ, -3σ, -4σ)
- Resistance Mode: Projects levels above 08:28 high using range multipliers (+1σ, +2σ, +3σ, +4σ)
- Levels are active only during 09:00-10:30 trading window
UNIQUE FEATURES
Conditional Logic Engine
- Real-time directional switching based on 09:00 price position
- No static levels - everything adapts to intraday price action
- Eliminates noise by focusing on specific time windows
Precision Timing Requirements
- Requires exact 1-minute timeframe for accurate calculations
- Time-sensitive algorithm that relies on minute-by-minute analysis
- Optimized for high-frequency intraday trading decisions
Mathematical Framework
- Standard deviations calculated using actual candle range data
- Dynamic level spacing based on market volatility (08:28 range)
- Four-tier projection system for multiple target/stop levels
TRADING APPLICATION
Best Used For:
- ES, NQ, YM and other liquid index futures
- Active day trading during NY session (07:00-12:00)
- Scalping and short-term reversal strategies
- Intraday support/resistance identification
Signal Interpretation:
- Red lines represent potential reversal zones
- Direction determined by 09:00 vs 08:28 relationship
- Multiple standard deviation levels provide layered entry/exit points
- Time-restricted plotting ensures relevance during active trading hours
IMPORTANT REQUIREMENTS
- ONLY works on 1-minute charts - precision timing is essential
- Designed for New York trading session (futures markets)
- Most effective during high-volume trading periods
CUSTOMIZATION OPTIONS
- Toggle BOR box visibility and transparency
- Enable/disable 08:28 candle highlighting
- Adjust visual elements (colors, transparency)
- Show/hide range information labels
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.