OPEN-SOURCE SCRIPT
OPR Sessions EU/US By Pangolin76
// © 2024 Pangolin76 - This indicator is distributed for free and cannot be resold
// This script displays the Open Price Range (OPR) for European and US sessions
// Useful for identifying key areas and pullback opportunities
OPR Sessions by Pangolin76
Description:
The OPR Sessions indicator is designed to highlight key market opening price ranges for the European (EU) and US trading sessions. It visually marks the first 15 minutes of both sessions, helping traders identify critical support and resistance levels formed at the beginning of each session.
🔹 Key Features:
✅ Displays the Opening Price Range (OPR) for the European (09:00 - 09:15) and US (15:30 - 15:45) sessions (adjustable time settings)
✅ Plots a box around the session range, dynamically updating as price evolves
✅ Draws extended high, low, and mid-range levels for further analysis
✅ Fully customizable colors and time settings for each session
🔹 Purpose & How It Works:
📌 During the first 15 minutes of each selected session, the indicator tracks the highest and lowest price levels, shading the session range with a box.
📌 Once the session ends, the high, low, and mid-range lines extend to provide key reference levels for traders throughout the trading day.
📌 Breakout & Pullback Trading Strategy: When a candle breaks out of the OPR after the 15-minute session, traders can wait for a pullback to the session high/low and use these levels as potential entry points for long or short trades.
📌 Works on any timeframe, ideally used on intraday charts (1M, 5M, 15M, etc.)
🚀 Perfect for intraday traders and scalpers looking to capitalize on market reactions to session openings!
🔧 Customization Options:
✔ Enable/Disable the EU & US Sessions independently
✔ Modify session start & end times
✔ Adjust box and line colors to match your trading setup
✔ Configure line length for extended session range visibility
📈 Enhance your trading strategy with precise session range tracking!
Try the OPR Sessions by Pangolin76 now and gain an edge in session-based trading! 🚀🔥
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.