This indicator will give you expansion levels of the opening range ( I recommend/use 15 min opening range) to trade futures and stocks. There are two colors used, the Fuchsia(Magenta) colored dots are the opening range added and subtracted from opening price. The Aqua(Cyan) colored dots are the opening range stacked. Like blocks. They are both respected during the day. But not as much as longer time frame fib levels.
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.