OPEN-SOURCE SCRIPT

Bank Math 2.0 - Custom Time Close

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Brief Description
"75% of yesterday's high to low range then added/subtracted from yesterday's close"

This indicator lets you choose any time of day (e.g. 14:00 ET).
At that exact time it takes the last traded price as the “Close”, measures the full High-to-Low range of the previous 24 hours ending at that time, then projects a user-defined percentage (default 75%) of that range above and below the Close. The levels stay locked until the same time the next day.

Use Case
Traders who work with institutional / bank-style levels often use a fixed time of day (cash close, 15:00, 14:00, etc.) as their reference point.

This tool automatically calculates and plots the classic “75% of prior range” upside and downside targets from that chosen time, giving clean, non-repainting levels that can be used for intraday targets, mean-reversion zones, or breakout references.

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