Frien_dd

Pre and Market Openings

Pre and Market Openings is to enable you to quickly visualize the opening markets and how they could influence trading.


The below script has used the market time data from the below links:

Tokyo/Asia https://www.tradinghours.com/markets/jpx/hours

London https://www.tradinghours.com/markets/lse/hours

New York https://www.tradinghours.com/markets/nyse/hours


The below script aims to plot:

Daily Asia Open
Weekly Asia Open

Daily London Open
Weekly London Open

Daily New York Open
Weekly New York Open


Using background colour it also shows market sessions (pre-market) for London and New York and regular for London, New York and Asia.

There is also plotted text for days of the week and sessions.



As you can see from the picture below that these market openings can act as support and resistance:

BTC

ETH
Release Notes: Tidied script:

Enabled offset for daily and weekly to fix issues of Daily Monday Open overlapping Weekly Open.
Added Title text to all shapes.
Release Notes: Suggested improvement change from kmarryat (pinescripters.net)

//Code removed as this was allowing background colours on Daily, Weekly, Monthly
//loadIndicator = timeframe.multiplier <= inputMaxInterval

//Modified code below
loadIndicator = timeframe.isminutes and timeframe.multiplier <= inputMaxInterval
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?