New Indicator!!! Opening Range_V1 by ChrisMoody

Plots the Opening Range for the First Hour for Stocks and Forex. Option to Plot the first 30 Minutes Opening Range, or Both. See first Post for Specifics.

Coming Soon: www.ChrisMoodyTrading.com

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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//Created by user ChrisMoody, with help from Alex in TechSupport and TheLark
//Currently works on Stocks
//Currently works on Forex but only based on the New York Session starting at 1700 East Coast Time
//Futurer Versions will have options to plot sessions bsed on Forex Europe Opening Range , Asia, etc.
study(title="CM_Opening-Range-V1", shorttitle="CM_OpenRnge-V1", overlay=true)
up60on = input(true, title="60 Minute Opening Range High")
down60on = input(true, title="60 Minute Opening Range Low")
up30on = input(false, title="30 Minute Opening Range High")
down30on = input(false, title="30 Minute Opening Range Low")

is_newbar(res) => change(time(res)) != 0 

adopt(r, s) => security(tickerid, r, s) 

high_range = valuewhen(is_newbar('D'),high,0)
low_range = valuewhen(is_newbar('D'),low,0)

high_rangeL = valuewhen(is_newbar('D'),high,0) 
low_rangeL = valuewhen(is_newbar('D'),low,0) 

up = plot(up60on ? adopt('60', high_range):na, color = lime, style=circles, linewidth=4)
down = plot(down60on ? adopt('60', low_range): na, color = #DC143C, style=circles, linewidth=4) 

trans60 = up60on ?  75 : 100
fill(up, down, color = white, transp=trans60)

up30 = plot(up30on ? adopt('30', high_rangeL): na, color = #7FFF00, style=circles, linewidth=2) 
down30 = plot(down30on ? adopt('30', low_rangeL): na, color = red, style=circles, linewidth=2) 

//trans30 = up30on ?  70 : 100
//fill(up30, down30, color = white, transp=trans30)