PROTECTED SOURCE SCRIPT
BTC US opening range breakout
6PM-7PM IST Trading Range Setup
This indicator captures the price range during the first hour of the US market session (6PM-7PM IST) and uses it as a breakout trading zone. The grey box shows the high and low prices formed during this hour, which often acts as a key reference range for the rest of the US trading session.
How to Use:
This works well because the first hour often sets the tone for the entire session - a breakout from this range typically signals strong directional momentum. Best used on 15-minute charts for crypto or forex trading during US hours
This indicator captures the price range during the first hour of the US market session (6PM-7PM IST) and uses it as a breakout trading zone. The grey box shows the high and low prices formed during this hour, which often acts as a key reference range for the rest of the US trading session.
How to Use:
- Go Long when price breaks and closes above the green line (the top of the range)
- Go Short when price breaks and closes below the red line (the bottom of the range)
- The lines extend until 3:30AM IST (US session end), giving you clear entry levels throughout the night
This works well because the first hour often sets the tone for the entire session - a breakout from this range typically signals strong directional momentum. Best used on 15-minute charts for crypto or forex trading during US hours
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.