OPEN-SOURCE SCRIPT
Reintegration OPR zone 9h30
📝 Indicator Description (for TradingView):
Name: Reintegration OPR Zone – 9:30 AM EST (UTC-4)
Purpose:
This indicator is designed for US indices like NAS100, US30, or SPX500. It helps identify potential false breakouts or retests by tracking when the price re-enters the Opening Price Range (OPR) after an initial breakout.
🔍 How it works:
At 9:30 AM New York time (UTC-4), the script captures the high and low of the first 15-minute candle (which is key for the US session open).
It then draws a horizontal box (rectangle) from the high to the low of that candle.
The box extends horizontally for 7 hours (28 candles on a 15-minute chart).
The script tracks if price:
Breaks above or below the OPR zone
Then re-enters the zone (a potential "fakeout" or "retest" signal)
No label or text is displayed on the chart (you requested it to be hidden).
🕒 Timeframe:
Designed for the 15-minute chart (M15)
Assumes New York session open at 9:30 AM EST (UTC-4)
Name: Reintegration OPR Zone – 9:30 AM EST (UTC-4)
Purpose:
This indicator is designed for US indices like NAS100, US30, or SPX500. It helps identify potential false breakouts or retests by tracking when the price re-enters the Opening Price Range (OPR) after an initial breakout.
🔍 How it works:
At 9:30 AM New York time (UTC-4), the script captures the high and low of the first 15-minute candle (which is key for the US session open).
It then draws a horizontal box (rectangle) from the high to the low of that candle.
The box extends horizontally for 7 hours (28 candles on a 15-minute chart).
The script tracks if price:
Breaks above or below the OPR zone
Then re-enters the zone (a potential "fakeout" or "retest" signal)
No label or text is displayed on the chart (you requested it to be hidden).
🕒 Timeframe:
Designed for the 15-minute chart (M15)
Assumes New York session open at 9:30 AM EST (UTC-4)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.