Daily Open @Alpha Pips

Overview
The Daily Open Alpha Pips indicator displays the daily opening price as a reference line on the chart. This level is widely used by traders to gauge market sentiment, potential support/resistance zones, and price reactions throughout the trading session.

How It Works
The line color is red with a 30% transparency level, ensuring visibility without overwhelming the chart.
The line width is set to 2 for clear visualization.

Use Cases
Identify potential intraday support/resistance at the daily open.
Observe price reactions around the daily open level to refine entries and exits.
Use in conjunction with price action, order flow, or smart money concepts for enhanced decision-making.

Additional Information
Works on any timeframe but is best suited for intraday trading strategies.
The script is fully transparent, ensuring traders can easily understand its function.
It does not repaint, providing reliable and stable levels throughout the session.