This is an Open Range indicator that starts from the previous day. In the example it run from 161500 the previous day to 930 the next day. It looks busy but I can't think of the way to make it looks better, open for suggestions for v2.
Ok this one will plot on today chart only. It is named ORange_OvernightV2 in case you want to keep the V1
you can use it to find ovenight high and low just set end time to zero.
October 19th, 2009
Size: 3.11 KB
Downloaded: 331 times
163
cory
The indicator simply displays the first bar's open for every new date (comparable to the indicator OHLC Yesterday). This indicator was requested in the "Want your EasyLanguage indicator created, free?" thread.
May 21st, 2013
Size: 2.65 KB
Downloaded: 137 times
1415
ABCTG
In the comments for the Open Trendline indicator treydog999 asked for a version that is able to capture the Globex open. This version is a more flexible indicator when it comes to the time open is captured.
It has an input called SessionBegin, where you can setup your own start time.
On the screenshot you can see how with using two instances of the indicator it displays both Globex and Floor open. When you run into troubles with indicator there is a good chance that this caused by the session settings your are using for the chart, but instead of using SessionStartTime(1, 2) for the SessionBegin you can use a time input as well.
December 27th, 2011
Size: 2.33 KB
Downloaded: 997 times
1078
peakskill
Version 2.2 January 31, 2018
The Opening Range is the range obtained from the highest and lowest price of a security during the first minutes of daily trading activity. For example the opening range can be calculated from the first 5, 15 or 30 minutes.
The opening period can be selected via the time zone, the start time and the end time of the opening period. For example if you wish to display a 30-minute opening range for ES, you would select Exchange_Time or US_Central_Standard_Time, a start time of 8:30 AM and an end time of 9:00 AM. The indicator will then display the regular open and the opening range high, low and midline.
You may also use this indicator to display the pre-session range. It is possible to display the entire pre-session range that covers the period from the start of the trading day until the regular open, or you may select a custom period for the pre-session.
The indicator will only return an accurate opening range, if it is calculated from minute bars that align to the start time and end time of the selected opening period. For example, if you wish to display an accurate 30-minute opening range for ES, you may only apply the indicator to 1-min, 2-min, 3-min, 5-min, 10-min, 15-min or 30-min bars. When selecting other bar periods or bar types, there will be overlapping bars in the beginning and the end of the opening period. This may result in a slightly inaccurate opening range.
If you wish to display a correct opening range on any bar type, please proceed as follows:
- Add a secondary bar series of 1-min*) bar to your primary price panel.
- Set the colors for candle outllines, candle wicks, up and down bars to transparent.
- Apply the indicator to the secondary 1-minute bars for an exact calculation.
*) When you add a minute bar series to a tick or volume chart, this will slightly distort the chart, as the bar spacing is adjusted to the duration of the bars. As a consequence of the law of large numbers, the distortion will be smaller, if you add a secondary bar series with a lower resolution. It is therefore recommended to use the highest bar period available that aligns to the start time and end time of the opening period. For a 30-min opening period for ES, you may therefore add 30-min bars instead of 1-min bars.
The chart attached shows the 30-min opening range on a 1000-tick chart to ES 12-17. The invisible secondary bars that were added are 30-min bars.
Update January 31, 2018: Version 2.1 did not properly calculate the opening range when the first bar of the opening range had a time stamp greater than the end time of the opening period (display of short period opening ranges on higher timeframe charts). Version 2.2 has the bug removed.
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.
The indicator displays the opening range and the current open of the RTH session. This version is a multi-timeframe (MTF) version of the standard OpeningRange V42 indicator. The indicator adds a secondary minute bar series to the chart, which is used to calculate the opening range. It has the following advantages over the standard version:
For tick, range and volume charts: The standard indicator may not display the opening range correctly, if the last bar expands the opening range and closes after the opening period. The MTF version of the indicator will display the opening range correctly, even if the primary bar series does not contain the necessary information for its calculation. An example is shown on the chart attached.
Use with minute charts: You want to use this indicator with minute charts, if the opening period is not an integer multiple of the bar period. Example: You trade 7 min charts and your opening period is 30 minutes.
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.
Display regular open or one-minute-range: The indicator allows to either display the regular open or the range of the first minute of trading after the start time selected for the opening range.
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 July 25, 2011: Serialization of the plots and indicator dialogue box changed.
Update December 8, 2013: Indicator entirely recoded. Offset added, opening period no longer needs to be aligned to the session start. Drop down property added for time zones. Custom plot added.
Update March 15, 2015: Regular open and minute range were drawn back to start of trading day on tick charts. Bug removed.
Hello Traders, Rev 3... Astute trader NgoLimit suggested an enhancement. I have added the ability to change the drawing style.
Rev 2...An astute trader found a slight oversight in the code. The line size went to a fixed width if history was not enabled. I have fixed this. Thanks Aregon!
Rev 1...I have enhanced the capabilities a little. Now you can name the event. In the example, I have the CL Pit Open, the Equities Open and the CL Pit Close. I hope that this is useful for you...
Bob
Hello Traders, Here is an NT8 indicator that marks the pit open, or any other time based event such as a news event or inventory report or the like. It paints a horizontal line from the event and extends for x hours. Since the time can be set, you could use several instances of the indicator for the Open, News Event or whatever you like. You have the Option of turning the text on or off and the option of printing historical events. Since the indicator uses a synthesized 1Minute time base, you can put it on virtually any chart type and the time-price mark will always be correct. I use it for the CL Pit Open and important news events.
July 17th, 2016 12:46 AM 1973Hog I want to show the 5 min OR for the Regular session US (08.30 CT start), but when I input the 15:30 Offset the OR disapp
ears entirely.
It is most likely something I am doing wrong, but I cannot figure out what. Any suggestions would be most gratefully app
reciated.
December 9th, 2013 11:56 PM john2000 THANK YOU!
December 7th, 2013 05:13 AM GILAZ THANK YOU
November 20th, 2013 12:43 PM MSE1 Another amazing comprehensive tool from FT. Thanks so much.
November 6th, 2013 10:29 AM SodyTexas Great Work, thank you for sharing!
April 5th, 2022 07:28 AM ScootersRoofing Can this indi plot the 30 sec OR - I have this setup on SC without issue and I'm looking to move to NT
June 18th, 2017 09:34 AM kiro Thanks Harry,
as always top performance!
March 15th, 2017 12:55 AM Vedant Sincerely appreciate your generous work...
March 7th, 2017 08:30 PM romus Many thanks
June 1st, 2016 09:40 PM 1973Hog Thanks for the Indicator. However, try as I might, I cannot figure out how to make the Opening Range start at 09:30 ET.
I tried using the Offset as you suggested, but the OR disappears with anything other than + 00:00. I am sure it is somet
hing I am doing wrong but I cannot figure it out. Your help would be most gratefully appreciated.
March 8th, 2017 05:40 PM allsensi Brilliant, many thanks
October 14th, 2014 06:22 PM stargazer55
May 21st, 2014 02:10 PM Josephine268 Hi guys,
Love this indicator - thank you.
Is there any way someone can also add the ability to include/add another price level - namely yesterday's closing price.
Hope that makes sense.
December 3rd, 2012 05:10 PM dilbert618 Thank you.
July 29th, 2012 11:57 AM shipolito This is great but can someone please make it also display current price percentage above or below opening just like fina
nce.google.com when they show percentages? Saves me from having the browser open. I've been learning to code but having
trouble incorporating the double close[0] into DrawText().
the indicator request was to base it on the OHLC Yesterday build in indicator. This indicator will take the open bases o
n the date (open of the first bar of the day). I can do a modification that uses sessions for the open.
May 22nd, 2013 03:31 PM treydog999 I am having problems with it. I want to use it for the open of the globex session for 6E and all its doing is posting th
April 19th, 2024 09:04 PM racecarjw Redownloading the opening price indicator I acccidentling deleted while cleaning out a bloated indicator file. Thanks ag
ain BobC.
January 15th, 2023 12:23 AM Davydh This is a useful tool except it doesn't let you do midnight.
June 4th, 2022 12:40 PM rjoerosso I am trying to mark the midnight NY time opening bar. My inputs are EventHour = 0 And EventMinute = 0. And nothing s
hows up. Can you help?
September 5th, 2021 02:08 PM bobc635 @BKOp... Hi and thanks for the feedback.... I dont use Bloodhound so I dont know what they are looking for. The line
is drawn from a Draw.Line statement, whose parameters are defined by the AddPlot statement in the State.Configure... P
erhaps in your BH documentation they define what is needed. You can either have a codie that uses BH do the mod for you
, or send me the documentation and I will re-configure the indie to do what they prescribe. Since I dont have BH, you w
ill have to check it out and we will go back and forth to debug it.
Thanks and Trade Well...
Bob
September 2nd, 2021 10:50 AM OutATime Thank so much!
October 25th, 2023 12:35 PM 90bideven Thanks so much...works really well.
April 3rd, 2023 03:44 PM Srq1
January 5th, 2023 04:12 PM OnTrak Downloaded and installed. Then added to my charts. After some adjustments to match my preferences, this indicator is eve
n better than I hoped. Thanks to person responsible!
November 25th, 2022 02:14 PM ballhaj Tanks for sharing
August 30th, 2022 01:19 AM scshourie Can we use this indicator to build a strategy in the Strategy Builder