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NY Opening 3H Strategy

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# 🗽 NY Opening 3H Strategy

The **NY Opening 3H Strategy** indicator is designed to trade the New York session open automatically and precisely using a strategy based on institutional reference ranges and 1-minute price breakouts.

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## 🕒 How It Works by Time Blocks

The indicator automatically divides the daily trading session into three key blocks (configured in the New York time zone `America/New_York`):

1. **Reference Session (06:00 - 09:00 NY):**

* The indicator calculates the initial range by plotting the **High**, **Low**, and **50% level (Midpoint)** of this period. These lines are displayed in gray and orange.


2. **Manipulation Window (09:00 - 10:00 NY):**

* During the first third of the open, price attempts to break out of the reference range limits (up or down). The first breakout defines the bias direction (**LONG** or **SHORT**) and records the extreme reached.


3. **Full Operating Session (09:00 - 12:00 NY):**

* Dynamic execution lines are deployed. If price retraces and triggers the entry level, the trade is managed automatically, evaluating whether it hits the **Take Profit (TP)** or **Stop Loss (SL)**.

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## ⚙️ Configuration and Parameters

You can customize all aspects of the indicator from the settings menu in TradingView:

* **Session Configuration:**
* *Reference Session:* `06:00-09:00`

* *Manipulation Window:* `09:00-10:00`

* *Operating Session:* `09:00-12:00`

* *Time Zone:* `America/New_York`


* **Risk Management:**
* *Risk / Reward Ratio (R/R):* Adjustable (defaulting to `1.0`) to multiply the Take Profit distance relative to the risk assumed.


* **Aesthetics and Colors:** Customize the thickness and color of the reference lines, midpoint, entry, stop loss, and take profit according to your visual preferences.

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## 📊 Signal Reading and Live Panel

* **Dynamic Chart Lines:**
* 🔵 **Entry Line (Blue)** with exact price label.
* 🔴 **Stop Loss (Red)** located at the manipulation extreme.
* 🟢 **Take Profit (Green)** projected according to the configured R/R.


* **Result Markers:** Visual alerts will appear on the chart with icons for `✅ TP` when a trade is successful, `❌ SL` if the stop is hit, or `⚪ No Setup` if the session passes without valid opportunities.

* **Metrics Panel (Top Right Corner):** Displays real-time data on total completed trades, the **Win Rate** percentage with dynamic color changes, win/loss breakdown, and candle processing statistics.

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💡 **Pro Tip:** It is recommended to use this indicator on **1-minute (1m)** or lower timeframes, as the internal engine processes data on the 1m chart to guarantee maximum precision in triggering entries and stops.
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