OPEN-SOURCE SCRIPT
Updated New York Open Lines
This indicator marks key New York trading session opens on the chart. It draws horizontal lines at the New York Midnight Open (00:00 NY time) and the New York Economic Open (08:30 NY time) prices.
Key Features:
1) Customizable Line Styles & Colors:
* Users can choose between solid, dotted, or dashed lines.
* Colors are customizable for each open level.
2) Timeframe-Based Logic:
* For timeframes above 30 minutes:
- It retrieves the midnight (NYMO) and 8:30 AM (ETO) open prices using request.security_lower_tf().
- The script ensures the price is stored only once per day.
* For 30-minute timeframes and below:
- The script draws lines at the exact open prices as bars appear.
3) Line Management:
* The lines extend for 24 hours from the open.
* The previous day's lines are removed to keep the chart clean.
4) Session Reset:
* At the start of a new trading day, the stored NYMO and ETO prices reset to na to prepare for the next session.
This helps traders quickly identify key New York session levels, often used for support, resistance, and breakout trading strategies.
Key Features:
1) Customizable Line Styles & Colors:
* Users can choose between solid, dotted, or dashed lines.
* Colors are customizable for each open level.
2) Timeframe-Based Logic:
* For timeframes above 30 minutes:
- It retrieves the midnight (NYMO) and 8:30 AM (ETO) open prices using request.security_lower_tf().
- The script ensures the price is stored only once per day.
* For 30-minute timeframes and below:
- The script draws lines at the exact open prices as bars appear.
3) Line Management:
* The lines extend for 24 hours from the open.
* The previous day's lines are removed to keep the chart clean.
4) Session Reset:
* At the start of a new trading day, the stored NYMO and ETO prices reset to na to prepare for the next session.
This helps traders quickly identify key New York session levels, often used for support, resistance, and breakout trading strategies.
Release Notes
Visual fixOpen-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.