Requested by rayhug1 to use Asia Range of 5pm Est to 2am Est...uses 540 minutes (5pm to 2am Est — 9 Hours) to calculate the Range...then breakouts trigger after 2am
-Ability to change Start and End Times to use any entire session.
---Defaults to 540 minutes (9 hours) but Opening Range Calculation can be changed to 1 hour, 2 hour etc. in Inputs tab
***Known Bug…Currently will NOT Plot accurately the U.S. Session from 0800 to 0759. Will Update Indicator when Fixed.
-Ability to Change the Start and End Times to Accommodate any session.
—Default is 1700 to 1659 (Asian Range)
—Europe Session 0200 to 0159
***All times are based on New Time or Eastern Standard time … GMT-5
***Times will change based on Daylight Savings Time.
Thanks Chris. A superb piece of work again.
The yellow dots are the high and low of the opening range...This indicator defaults to 9 hours or one entire session..the one I posted first is more common using 1 hour or 30 minutes.
One price breaks out of the opening range the dots change colors...Green if breakout to upside...red if break out to down side.
The two plots/lines on both sides of the opening range are profit target 1 and 2. They are adjustable...but they default to target 1 = 1/2 the opening range, and target 2 = 1 times the opening range.
Those lines change color when price hits them just as a visual...Also a plot of the #1 plots when target 1 is hit and #2 plots when target 2 is hit.
for more detail see the original indicator post