How to Overlay First LTF Bar of Day — Indicator by allanster

trendanalysis lower timeframe opening range pressure example tutorial howto

Example how to overlay the first lower timeframe bar of the day across the entire day. Set chart to a timeframe that is lower than 1 Day period. Also included option for coloring wick pressure of that bar.

NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!

Release Notes:

Updated for Pine Script v5.

Telegram: t.me/allanster • Gunbot Tuners: www.allanster.com

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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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