OPEN-SOURCE SCRIPT
HTA - AVWAP & OPEN
Overview
This indicator combines two foundational day-trading concepts into a single chart overlay: the 15-Minute Opening Range and an Anchored VWAP (AVWAP) tied precisely to the New York regular trading hours open (09:30 EST/3:30 or 4:30 AM depending on DST).
The primary goal of this tool is to help traders visualize the early morning battleground between buyers and sellers, specifically to identify high-probability "mid-range" trade setups as the morning session develops.
How It Works (The Mechanics)
15-Minute Opening Range: The script automatically identifies the highest high and lowest low of the first 15 minutes of the regular session. It projects these levels across the chart for the remainder of the day, creating a defined structural range.
NY Open Anchored VWAP: Simultaneously, an AVWAP is anchored exactly to the 09:30 EST opening candle. Unlike a standard rolling VWAP, anchoring it to the opening bell tracks the true volume-weighted average price of institutional intraday flow from the moment the session begins.
How to Use It for Mid-Range Trades
While many traders use opening ranges purely for breakout strategies (waiting for a break above the high or below the low), this indicator is designed to capitalize on the price action inside the range.
The AVWAP as a Dynamic Midline: Inside the 15-minute Opening Range, the NY AVWAP frequently acts as a magnetic midline or dynamic support/resistance.
Mean Reversion: If price extends to the top or bottom of the 15-minute range but fails to break out, traders can use the rejection to target the NY AVWAP in the middle of the range.
Mid-Range Continuation: If price crosses and retests the AVWAP from above or below, traders can look for continuation setups targeting the outer boundaries of the 15-minute Opening Range.
Key Features:
- Highlights the 15-min Opening Range High and Low.
- Plots a precise AVWAP anchored to the New York Open.
- Clean visual layout to reduce chart clutter.
(Disclaimer: This script is for educational purposes only and is designed to aid in structural chart analysis, not to provide guaranteed trading signals.)
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。