OPEN-SOURCE SCRIPT
已更新 10 Minute Futures Session Open Range

Inspired by SamRecio's 30sec OR script.
The 10 minute Opening Range (OR) dynamically identifies and visualizes the opening range of a trading session within the first 10 minutes after the market opens at 9:30 AM EST, concluding at 4:00 PM EST, reflecting the typical trading hours for U.S. stock exchanges. This indicator is particularly useful for strategies that rely on the initial market momentum and direction established during the early moments of the trading session.
Upon activation, the indicator calculates the highest (orHigh) and lowest (orLow) price levels reached during the first 10 minutes of the trading session, marking these levels with green (for the high) and red (for the low) lines directly on the chart overlay. Additionally, it computes and plots a midpoint (midPoint) between these high and low levels, displayed as a blue line, offering a visual reference for the median of the opening range.
The calculations are reset daily to ensure the indicator accurately reflects the opening range for each new trading session. By doing so, it avoids carrying over data from previous days, maintaining relevance and precision for day traders and those utilizing short-term trading strategies. The indicator also incorporates timezone adjustments to align with the America/New_York timezone, ensuring that the opening range is accurately captured regardless of the user's local timezone.
This tool is invaluable for traders looking to capitalize on breakout or reversion strategies around the opening range, providing clear visual cues for significant price levels established at the start of the trading session. By focusing on the first 10 minutes of trading, it caters to a specific segment of the market that believes the initial movements can set the tone for the rest of the day's trading activity.
The 10 minute Opening Range (OR) dynamically identifies and visualizes the opening range of a trading session within the first 10 minutes after the market opens at 9:30 AM EST, concluding at 4:00 PM EST, reflecting the typical trading hours for U.S. stock exchanges. This indicator is particularly useful for strategies that rely on the initial market momentum and direction established during the early moments of the trading session.
Upon activation, the indicator calculates the highest (orHigh) and lowest (orLow) price levels reached during the first 10 minutes of the trading session, marking these levels with green (for the high) and red (for the low) lines directly on the chart overlay. Additionally, it computes and plots a midpoint (midPoint) between these high and low levels, displayed as a blue line, offering a visual reference for the median of the opening range.
The calculations are reset daily to ensure the indicator accurately reflects the opening range for each new trading session. By doing so, it avoids carrying over data from previous days, maintaining relevance and precision for day traders and those utilizing short-term trading strategies. The indicator also incorporates timezone adjustments to align with the America/New_York timezone, ensuring that the opening range is accurately captured regardless of the user's local timezone.
This tool is invaluable for traders looking to capitalize on breakout or reversion strategies around the opening range, providing clear visual cues for significant price levels established at the start of the trading session. By focusing on the first 10 minutes of trading, it caters to a specific segment of the market that believes the initial movements can set the tone for the rest of the day's trading activity.
版本注释
Updated Previous Version to include extension targets (credit to MichiganDolf)The 10 minute Opening Range (OR) dynamically identifies and visualizes the opening range of a trading session within the first 10 minutes after the market opens at 9:30 AM EST, concluding at 4:00 PM EST, reflecting the typical trading hours for U.S. stock exchanges. This indicator is particularly useful for strategies that rely on the initial market momentum and direction established during the early moments of the trading session.
Upon activation, the indicator calculates the highest (orHigh) and lowest (orLow) price levels reached during the first 10 minutes of the trading session, marking these levels with green (for the high) and red (for the low) lines directly on the chart overlay. Additionally, it computes and plots a midpoint (midPoint) between these high and low levels, displayed as a blue line, offering a visual reference for the median of the opening range.
The calculations are reset daily to ensure the indicator accurately reflects the opening range for each new trading session. By doing so, it avoids carrying over data from previous days, maintaining relevance and precision for day traders and those utilizing short-term trading strategies. The indicator also incorporates timezone adjustments to align with the America/New_York timezone, ensuring that the opening range is accurately captured regardless of the user's local timezone.
This tool is invaluable for traders looking to capitalize on breakout or reversion strategies around the opening range, providing clear visual cues for significant price levels established at the start of the trading session. By focusing on the first 10 minutes of trading, it caters to a specific segment of the market that believes the initial movements can set the tone for the rest of the day's trading activity.
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。