OPEN-SOURCE SCRIPT
Range Trading Strategy
This indicator automatically marks the intraday trading range defined by the first four hours of the New York session (6:00 AM to 10:00 AM EST/EDT).
It calculates the highest high and lowest low within that window on a user-selected calculation timeframe, then projects those levels forward as horizontal lines that remain visible across any chart timeframe.
The lines can be displayed in real time while the window is forming or locked once the session ends, and optional price labels and background shading make the range easy to track.
Traders can use these reference levels to monitor potential breakout or reversal zones, manage risk, and plan entries/exits relative to the early session’s defined support and resistance.
For training check this video youtu.be/O5eC5lY7ZXY?si=wtKh-628An6R2MhF
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.
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.
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.