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Opening Range V42 5 *
Exported using NT Version 7.0.1000.26

The indicator will only run on NT 7.0.1000.5 or later

Discretionary traders: Please use the multi-timeframe version of the indicator for odd minute charts and charts built from ticks.

The indicator displays the opening range and the current open of the RTH session.

You can only use this indicator with an appropriate session template. The opening time will align itself to the start time of the RTH session, as specified via indicator settings. The hybrid setting assumes that you want to use the 3rd intraday session as RTH session for FOREX and currency futures and the second session for all other instruments.

Example ES: Select a session template with the following sessions: Session 1 (night session) 15:30 - 8:30 Central Time, Session 2 (RTH) 8:30 - 15:15 Central Time. Select second session for opening range.

Select length of opening period: The opening period can be selected via indicator dialogue box.

Select Offset: With an offset of 00:00, the indicator aligns to the start of the selected session. If you enter a positive value for the offset, the opening range will be shifted forward from the session start. For example if you open a chart for ES with the session template US CME Index Futures, then the session (and the trading day) starts at 5:00 PM Central Time. To display an opening range for the regular session, you need to enter an offset of 15:30, because the regular session starts 15 hours and 30 minutes after the start of the trading day.

Developing range: Prior to the completion of the opening range, the indicator plots the developing range in gray to show that the range is still incomplete.

Night Session or Pre-Session Range: This is different for each instrument and refers to the electronic session prior to the session selected for the opening range.

European Session Range: You can select start and end time of the European Session in CET (Central European Time). The European Session is pre-configured for the time between 8:00 AM and 1:00 PM CET.

Asian Session Range: You can select start and end time of the Asian Session in TST (Tokyo Standard Time). The Asian Session is pre-configured for the time between 9:00 AM and 3:00 PM TST.

Update Jan 23, 2011: The indicator now plots all developping ranges in gray to show that the range is still unstable. Price markers are correctly formatted for US interest rate futures and FOREX.
Update May 17, 2011: New signature for GetNextBeginEnd() implemented. Backcolor for opening range added.
Update May 24, 2011: Old signature for GetNextBeginEnd() reintroduced within Plot() Override after problems, new signature maintained for OnBarUpdate(). Some minor enhancements added.
Update June 11, 2011: Small bug removed, indicator did not display opening range and pre-session range correctly during the training period (first bars of the chart, after scrolling to the left horizontally).
Update June 21, 2011: The indicator now works with half-pip FOREX feeds. Indicator dialogue box improved.
Update July 25, 2011: Serialization of the plots and indicator dialogue box changed.
Update January 24, 2012: Offset added, opening period no longer needs to be aligned to session start.
Update February 8, 2012: Option added to cut off the opening range at the next session break.
Update February 15, 2012: Bug removed, the cut-off option did not work, when an offset was selected as well.
Update October 6, 2013: Minor bug removed, offset was not applied correctly on tick charts, when indicator was set to COBC = false.
Update October 20, 2013: Drop down property added for European and Asian Time Zone
Update December 8, 2013: Indicator partly recoded and custom plot added.

Category NinjaTrader 7 Indicators 
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Details: Opening Range V42
Category: NinjaTrader 7 Indicators 

December 9th, 2013
Size: 10.18 KB
Downloaded: 4952 times

Keywords: asiansession europeansession globexsession initialbalance opening openingrange
5 * gtichauer May 24th, 2011 06:46 PM
Thanks for your time and effort on improving all your indis.....great addition the plot of color & opacity to OR !!!
5 * COTtrader May 28th, 2011 10:04 AM
Awesome work!!!
5 * mastertrader June 20th, 2011 10:17 AM
Great indicator. Just one request could you add an option to remove the fill from previous sessions when the next day begins.
5 * Morrisian March 31st, 2012 08:54 AM
Excellent work. Thanks very much.
5 * AttitudeTrader May 29th, 2012 03:28 PM
Thanks man! I only need it for one session and I only use the OR high and low lines, but you've made it so I can have a very clean chart (lines just on the current session). Awesome!
5 * nate99 August 11th, 2012 06:38 PM
JUST what i was looking for...
5 * Boomerang October 8th, 2012 04:04 PM
Your efforts and genius are greatly appreciated!
5 * john2000 March 3rd, 2013 10:15 AM
THANK YOU! As always.
5 * Bobi March 18th, 2013 09:21 AM
Thanki You.
5 * bamawthu March 28th, 2013 04:19 PM
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