Market Open Range Breakaway v1.2

vor 9 Stunden

• Script Name: Market Open Range Breakaway 1.2
  
  This TradingView script, "Market Open Range Breakaway," highlights the market's opening range for a user-selected day of the week. It calculates the high and low prices during a specified period after the market opens, plots these levels, and tracks the opening price. The script dynamically adjusts for time zones and only displays data during market hours on the chosen day, with optional background shading for the defined range period.
  
  Purpose: Identifies and highlights the market's opening range for a selected day of the week.
  
  Features:
  • Calculates and plots the high, low, and open price during the market's opening range.
    
  • Configurable range duration (e.g., 15, 30, or 60 minutes).
    
  • Automatically adjusts for different time zones.
    
  • Displays levels only during market hours on the target day.
    
  • Optional background shading for the opening range.
    
  • Inputs:
  • Target day of the week.
    
  • Opening range duration.
    
  • Use Case: Ideal for traders looking to analyze breakout levels or price movements around the opening range.