Opening Range Fibonaccis

This indicator uses the concept of the "Opening Range" to create a Fibonacci zone from the high and low set during a specific time period after open (Defaults to 9:30 - 10:05 AM, EST)

The Opening Range is a popular tool for intraday technical analysis . Price frequently uses these levels as support/resistance , and a breakout from within the range can be a sign of further movement.

The Fibonacci levels are set such that the opening range high/low fall on the +/-0.5 fib. This creates an "extended range" outside of the opening range that may be useful during breakouts.
  • Reordered plot drawing and increased the default size of the opening range high/low circles to improve readability.
  • Added a "Fibonacci Scale" input option to improve customization. Default value of 1.0 matches the current settings.
  • Added an optional "Afternoon Range" option. When on, this sets a new range based on the high/low set during the period of 1:30pm to 2:05pm EST (or custom time period).
  • Added a "Plot For Today Only" toggle that hides ranges on previous days on intraday charts.
  • Added a timezone selection to input options to make customizing for different markets easier.
  • Added a toggle to display price labels for each Fibonacci level - "Show Price Labels" at the bottom of the input settings.

Thanks for using my indicators; I hope they make you money! Check out the website link for more, and thanks for your support!
Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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