This script finds a reversal zone beyond the opening range for the selected period. I borrowed most of the opening range script itself from asenski.
I added a few things:
Trade Entry Times -- this restricts the "alert times."
Shading for the above mentioned times for the two "reversal" zones
A couple of other visuals for lines for the hi, mid, low of the opening range and lines for the fibs
Alerts while in the trading entry time session for fibbonacci crossovers.
I use this on NDX, SPY, and QQQs and have found buying "at the money" 0DTE puts in the "red zone" or 0DTE calls in the "green zone" frequently wins.
I have no statistics, as I am very methodical when I choose to enter, paying attention to the news, recent momentum, etc, and am not blindly entering when alert comes, but when one does, I do research and enter a trade.
Thank you so much, the "Show Prior Boxes" is not working, also can you please give option to show labels. great work cheers.
Da-sein
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Now that we are having power hours again, if the PA breaks through the opening range by noon, you can have a second impulsive move into the second zone during the PM, 2-4 pm session. Today that's exactly what is happening.
Da-sein
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Very very useful indicator. Was wondering if you could add a fourth level and allow for call/put trading in the 2-4 pm session. In a trending day the higher fibs can be useful in the closing/power hour sessions. I did it by applying the indicator twice to the chart.
DeuceDavis
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@Da-sein, adding another level should be pretty easy. I'll try to knock that out this week when I get a chance.