iBox – Open Range for London and US Session

v10.3
iBox – Open Range for London and US Session

This indicator represents the open range for 2 time zones and different time units. My special thanks go to Kasper Elsborg @ Elsborgrading, whose basic idea I have extended here.

The goal is to detect potential breakouts early, I have made use of an observation that each of the targeted targets make up 100% of the pre-market range. Thus, goal 1 gives 100%, goal 2 200% ect. ,

I try to display 2 ranges from 8:00 to 9:00 and from 9:00 to 10:00, or 14:30 to 15:30 and 15:30 to 16:30.

The variable “Underlying” 1 stands for London Session and 2 for US Session

The variable “time unit” is selectable for the preferred time unit in the chart, possible selection 1 (1 min), 3 (3 min), 5 (5 min), 10 (10 min), 15 (15 min), 30 (30 min ), 60 (60 min). Attempting to enter other numbers will inevitably lead to the indicator falling!

The thin black line indicates the opening and can be hidden.

Good Trades!

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. hartgeld • 01/07/2019 #

    Hallo Atxeel, sehr interessanter Code, habe das installiert und funktioniert. Danke! Kannst Du die Anwendung noch etwas genauer beschreiben? Bedeutet das das Hoch oder Tief vor der Eröffnung zu 100, 200 oder mehr % nach oben oder unten umgelegt werden?

    • atxeel • 01/07/2019 #

      Hallo hartgeld, die Ziele sind schlicht, bspw. die Range betrĂ€gt 10 Punkte, dann ist das Ziel fĂŒr Long 10 Punkte von der Range Oberkante und vice versa. Beschrieben als Ziel 1-8.

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