Opening Range
What it does
- 01
- Draws the opening range for London and New York, to the minute
- 02
- Marks the first break and flags whether it held or reversed
- 03
- Shows the retest level the break usually comes back to
- 04
- Session-aware: the range resets where it should, not at midnight
What it is not
It does not generate signals and it does not tell you when to enter. It draws structure. The decision stays yours, and the guides are where the reasoning lives.
Setup reference
- Range window
- The window whose high and low form the range. Default 1700-1715.
- Trade window
- The window a trade may be taken in. Default 1700-2300.
- Time zone
- Session times are read in a timezone you pick, not the chart's.
- Stop
- Stop distance in points. Default 7, and the input refuses zero or less.
- Target
- Target distance in points. Default 16, with the same guard.
- Time exit
- Optionally close after a set number of bars. Off by default, 19 bars.
- Reverse on stop
- Optionally reverse after a stop-out, capped per session. Off by default.
- R:R boxes
- Entry, stop and target drawn as shaded bands on every trade.
- R:R text
- The ratio written into the box, with its own colour and alignment.
- Box duration
- Boxes run until exit, or for a fixed number of bars. Default 20 bars.