NY AM Opening Range by GRCtrader
📊 NY AM Opening Range by GRCtrader
=== OVERVIEW ===
This is a professional-grade opening range analysis tool designed for futures traders focusing on the critical 9:30 AM ET session. It automatically detects and visualizes the New York AM opening range, center encroachment levels, and standard deviation extensions—key support/resistance structures used in ICT/SMC trading methodology.
=== KEY FEATURES ===
✓ Automatic 9:30 AM ET Detection
- Auto-detects opening range bars across all US futures markets
- COMEX (Gold, Silver, etc.) auto-detection with proper timezone handling
- Customizable timezone offset for CT, PT, and other regional traders
✓ Opening Range Framework
- High/Low lines from 9:30 AM session
- Center Encroachment (C.E.) midpoint for directional bias
- Multiple historical sessions (configurable 1-20 sessions)
- Clean, professional styling with customizable colors
✓ Standard Deviation Bands
- 8 preset standard deviation multiples: 0.5, 1.0, 1.5, 2.0, 2.5, 3.0, 4.0, 4.5
- Based on opening range size—scales automatically with volatility
- Dotted/dashed styling for clear visual separation
- Optional labels for quick reference trading
✓ Multi-Session Tracking
- View up to 20 historical opening ranges simultaneously
- Track mean reversion, range expansion, and structural shifts
- Identify trend bias and liquidity zones across sessions
=== USE CASES ===
• Range traders: Fade OR breaks and trade C.E. bounces
• Breakout hunters: Identify STDV targets beyond the range
• Macro traders: Monitor shift in opening range as volatility/bias indicator
• Day traders: Quick reference for high-probability rejection zones
• Market structure analysis: Understand intraday liquidity distribution
=== SETTINGS ===
• Futures Timezone Offset: Align charts to ET (default -1 for CT)
• Number of Opening Ranges: Display 1-20 historical sessions
• OR Line Width & Color: Customize high/low visualization
• C.E. Line Width & Color: Customize center encroachment display
• STDV Settings: Toggle, color, width, style (solid/dotted/dashed)
• Label Options: Size and visibility toggle for clean chart layout
=== TECHNICAL DETAILS ===
Built on Pine Script v6 with:
- Efficient 30-minute bar analysis
- Zero lag structure detection
- Dynamic line/label management (500 lines, 500 labels max)
- Full customization via Settings panel
=== OPEN SOURCE ===
This indicator is published as an open-source tool. Feel free to:
- Fork, modify, and redistribute for personal use
- Build derivatives and extended tools
- Share improvements with the community
- Use commercially with attribution
MPL 2.0 License: mozilla.org/MPL/2.0/
=== DISCLAIMER ===
This tool is for analysis and education purposes. Past performance does not guarantee future results. Always use proper risk management, position sizing, and confirm signals with your trading strategy. No financial advice is implied.
=== OVERVIEW ===
This is a professional-grade opening range analysis tool designed for futures traders focusing on the critical 9:30 AM ET session. It automatically detects and visualizes the New York AM opening range, center encroachment levels, and standard deviation extensions—key support/resistance structures used in ICT/SMC trading methodology.
=== KEY FEATURES ===
✓ Automatic 9:30 AM ET Detection
- Auto-detects opening range bars across all US futures markets
- COMEX (Gold, Silver, etc.) auto-detection with proper timezone handling
- Customizable timezone offset for CT, PT, and other regional traders
✓ Opening Range Framework
- High/Low lines from 9:30 AM session
- Center Encroachment (C.E.) midpoint for directional bias
- Multiple historical sessions (configurable 1-20 sessions)
- Clean, professional styling with customizable colors
✓ Standard Deviation Bands
- 8 preset standard deviation multiples: 0.5, 1.0, 1.5, 2.0, 2.5, 3.0, 4.0, 4.5
- Based on opening range size—scales automatically with volatility
- Dotted/dashed styling for clear visual separation
- Optional labels for quick reference trading
✓ Multi-Session Tracking
- View up to 20 historical opening ranges simultaneously
- Track mean reversion, range expansion, and structural shifts
- Identify trend bias and liquidity zones across sessions
=== USE CASES ===
• Range traders: Fade OR breaks and trade C.E. bounces
• Breakout hunters: Identify STDV targets beyond the range
• Macro traders: Monitor shift in opening range as volatility/bias indicator
• Day traders: Quick reference for high-probability rejection zones
• Market structure analysis: Understand intraday liquidity distribution
=== SETTINGS ===
• Futures Timezone Offset: Align charts to ET (default -1 for CT)
• Number of Opening Ranges: Display 1-20 historical sessions
• OR Line Width & Color: Customize high/low visualization
• C.E. Line Width & Color: Customize center encroachment display
• STDV Settings: Toggle, color, width, style (solid/dotted/dashed)
• Label Options: Size and visibility toggle for clean chart layout
=== TECHNICAL DETAILS ===
Built on Pine Script v6 with:
- Efficient 30-minute bar analysis
- Zero lag structure detection
- Dynamic line/label management (500 lines, 500 labels max)
- Full customization via Settings panel
=== OPEN SOURCE ===
This indicator is published as an open-source tool. Feel free to:
- Fork, modify, and redistribute for personal use
- Build derivatives and extended tools
- Share improvements with the community
- Use commercially with attribution
MPL 2.0 License: mozilla.org/MPL/2.0/
=== DISCLAIMER ===
This tool is for analysis and education purposes. Past performance does not guarantee future results. Always use proper risk management, position sizing, and confirm signals with your trading strategy. No financial advice is implied.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.