OPEN-SOURCE SCRIPT
Updated Midnight Open Range
Midnight Open Range with Breakouts & Targets
This indicator helps traders identify and analyze the Midnight Open Range (12:00 AM to 12:30 AM ET) for potential trading opportunities. Key features include:
1. Automatic detection and plotting of the Midnight Open Range
2. Display of multiple historical ranges (customizable)
3. Breakout signals for range violations
4. Multiple target levels based on the range size
5. Customizable colors and styles for easy visual analysis
Perfect for traders looking to capitalize on overnight price action and early morning trends. Ideal for forex, futures, and 24-hour markets.
Note: For best results, use on lower timeframes (5-minute or less) with 24-hour chart data.
This indicator helps traders identify and analyze the Midnight Open Range (12:00 AM to 12:30 AM ET) for potential trading opportunities. Key features include:
1. Automatic detection and plotting of the Midnight Open Range
2. Display of multiple historical ranges (customizable)
3. Breakout signals for range violations
4. Multiple target levels based on the range size
5. Customizable colors and styles for easy visual analysis
Perfect for traders looking to capitalize on overnight price action and early morning trends. Ideal for forex, futures, and 24-hour markets.
Note: For best results, use on lower timeframes (5-minute or less) with 24-hour chart data.
Release Notes
quick update, added fib levelsRelease Notes
quick update - math correction for Fib levelsalso added optional settings in settings to select additional Fib levels of interest.
Release Notes
quick update - debugRelease Notes
a number of updates folks requestedsee options
- extend lines
- price value positions
- additional deviations
and so on...
Release Notes
quickupdateOpen-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.