Dear fellow traders,

Since i have zero skills in programming, i would be really pleased if someone would be kind enough to adapt an indicator found on tradingview into our beloved prorealtime language (see the code below).

Basically, as I understand it, this indicator sets up a range for the entire trading day based on the lowest and highest point reached between midnight until 7 am, just before the London session opening (hours should be able to be modified to suit personal taste), on a 1H timeframe.

More over, it automatically sets 2 profit targets above and below the range: 1 based on half of the range size and 1 equals to the total size of the range.

(See attached picture)

This indicator proves to be very helpful in trading some strategies such as the London open breakout.

Cheers/merci in advance!

Jules

Source code:

//Created by ChrisMoody on 9/03/2014

//Requested by rayhug1 to use ENTIRE Asia Range From 5pm Est to 2am Est To Plot Opening Range of Entire 9 hour session…uses 540 minutes (5pm to 2am Est) to calculate the Range…then breakouts trigger after 2am

//Ability to change Start and End Times to use any entire session.  Defaults to 540 minutes (9 hours)  but Opening Range Calculation can be changed to 1 hour etc. in inputs tab

study(“_CM_Opening-Range_Asia_Europe Sessions”, overlay=true)

sessNum = input(1, minval=0, maxval=2, title=”Session to use (0 = 24 Hours, Other Numbers Listed Below)”)

desc = input(false, title=”Below—Line Plot Start Times and End Times—1 = Asian Session, 2 = Europe Session”)

asian_session = input(‘1700-1659’, type=session, title=”1 – Asia Session”)

europe_session = input(‘0200-0159’, type=session, title=”2 – Europe Session”)

//us_session = input(‘0800-0759’, type=session, title=”3 – U.S. Session”)

pt1 = input(5, minval=1, maxval=15, title=”Profit Target 1 – Multiple of Opening Range *.1, 5 = .5, 7 = .7, 10 = 1, 15 = 1.5 etc.”)

pt2 = input(10, minval=1, maxval=30, title=”Profit Target 2 – Multiple of Opening Range *.1, 10 = 1, 15 = 1.5, 18 = 1.8, etc.”)

res = input(‘540’, type=resolution, title=”Length Of Opening Range-Defaults to 540 Minutes (9 Hours) Select Drop Down Box To Change?”)

snp = input(true, title=”Plot 1 and 2 When 1st and 2nd Profit Target are Achieved?”)

//Session Selection Rules

sessToUse = sessNum == 1 ? asian_session : sessNum == 2 ? europe_session : ‘0000-0000’

//Session Rules

bartimeSess = (sessNum == 0 ? time(‘D’) : time(‘D’, sessToUse))

fr2to17 = (sessNum == 0 ? time(period) : time(period, sessToUse))

newbarSess = bartimeSess != bartimeSess[1]

high_range = valuewhen(newbarSess,high,0)

low_range = valuewhen(newbarSess,low,0)

adopt(r, s) => security(tickerid, r, s)

//Formula For Opening Range

highRes = adopt(res, high_range)

lowRes = adopt(res, low_range)

range = highRes – lowRes

//Highlighting Line Rules For Opening Range

highColor = high > highRes ? lime : yellow

lowColor = low < lowRes ? red : yellow

//Plot Statements For Opening Range Lines

openRangeHigh = plot(fr2to17 > 0 ? highRes : na, color=highColor, style=circles, linewidth=4)

openRangeLow = plot(fr2to17 > 0 ? lowRes : na, color=lowColor, style=circles, linewidth=4)

bgcolor(fr2to17 > 0 ? silver : na, transp=85)

fill(openRangeHigh, openRangeLow, color=silver, transp=70, title=”Opening Range Fill”)

//Formula For Profit Target 1

pft1 = pt1*.1

highRes2 = highRes+range*pft1

lowRes2 = lowRes-range*pft1

//Highlighting Line rules for Profit Target 1

highColor2 = high > highRes2 ? lime : fuchsia

lowColor2 = low < lowRes2 ? lime : fuchsia

//Plots For Profit Target 1

p1=plot(fr2to17 > 0 ? highRes2 : na, color=highColor2, style=circles, linewidth=4)

p2=plot(fr2to17 > 0 ? lowRes2 : na, color=lowColor2, style=circles, linewidth=4)

//Formula For Profit Target 2

pft2 = pt2*.1

highRes3 = highRes+range*pft2

lowRes3 = lowRes-range*pft2

//Highlighting Line rules for Profit Target 2

highColor3 = high > highRes3 ? lime : aqua

lowColor3 = low < lowRes3 ? lime : aqua

//Plots For Profit Targe 2

plot(fr2to17 > 0 ? highRes3 : na, color=highColor3, style=circles, linewidth=4)

plot(fr2to17 > 0 ? lowRes3 : na, color=lowColor3, style=circles, linewidth=4)

//Rules for when to plot Numbers 1 or 2 When Profit Target 1 or 2 is Reached

pt1UHit = (high >= highRes2  and high[1] < highRes2 and high[2] < highRes2 and high[3] < highRes2 and high[4] < highRes2 and high[5] < highRes2) and fr2to17 > 0

pt1LHit = (low <= lowRes2  and low[1] > lowRes2 and low[2] > lowRes2 and low[3] > lowRes2 and low[4] > lowRes2 and low[5] > lowRes2) and low > lowRes3 and fr2to17 > 0

pt2UHit = (high >= highRes3  and high[1] < highRes3 and high[2] < highRes3 and high[3] < highRes3 and high[4] < highRes3 and high[5] < highRes3) and fr2to17 > 0

pt2LHit = (low <= lowRes3  and low[1] > lowRes3 and low[2] > lowRes3 and low[3] > lowRes3 and low[4] > lowRes3 and low[5] > lowRes3) and fr2to17 > 0

//Rules for plotting 1 or 2 When Profit Target 1 or 2 is Reached

plotchar(snp and pt1UHit ? pt1UHit : na, title=’UpSide Profit Target 1 Achieved’, char=’1′, location=location.abovebar, color=white, transp=0, offset=0)

plotchar(snp and pt1LHit ? pt1LHit : na, title=’DownSide Profit Target 1 Achieved’, char=’1′, location=location.belowbar, color=white, transp=0, offset=0)

plotchar(snp and pt2UHit ? pt2UHit : na, title=’UpSide Profit Target 2 Achieved’, char=’2′, location=location.abovebar, color=white, transp=0, offset=0)

plotchar(snp and pt2LHit ? pt2LHit : na, title=’DownSide Profit Target 2 Achieved’, char=’2′, location=location.belowbar, color=white, transp=0, offset=0)