PROTECTED SOURCE SCRIPT
Updated Midnight Open Line by Pecurtooo
Midnight Open line, based on SMT concepts.
This indicator plots the Midnight Open price of the current trading day and draws a horizontal reference line starting exactly at 06:00. The line is created only on intraday timeframes from 5 minutes up to 1 hour and automatically resets at the start of each new day.
The purpose of the indicator is to provide a clear session-based price reference for London and New York trading, allowing traders to observe how price reacts to the midnight open after the Asian session. The line color and width are fully customizable, and the indicator respects the selected timezone to ensure accurate session alignment.
This tool is intended for intraday trading and session analysis, helping identify potential support, resistance, and directional bias relative to the daily midnight open.
This indicator plots the Midnight Open price of the current trading day and draws a horizontal reference line starting exactly at 06:00. The line is created only on intraday timeframes from 5 minutes up to 1 hour and automatically resets at the start of each new day.
The purpose of the indicator is to provide a clear session-based price reference for London and New York trading, allowing traders to observe how price reacts to the midnight open after the Asian session. The line color and width are fully customizable, and the indicator respects the selected timezone to ensure accurate session alignment.
This tool is intended for intraday trading and session analysis, helping identify potential support, resistance, and directional bias relative to the daily midnight open.
Release Notes
This indicator automatically detects the first 6:00 AM candle of each trading day (based on the selected timezone, default UTC+1) and draws a horizontal line at the open price of that candle. The line extends to the right, providing a clear reference level for intraday trading.It is designed for intraday timeframes from 5 minutes up to 1 hour, helping traders identify key levels that may act as support or resistance during the early trading session.
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.