OPEN-SOURCE SCRIPT
Points from open price marker
**Points From Open Price Marker**
The Points From Open Price Marker is a customizable tool designed to help traders visualize how far price moves above and below a selected candle's opening price.
The indicator identifies a user-selected reference candle and marks:
• The exact opening price
• The highest price reached above the open
• The lowest price reached below the open
• The total point expansion in both directions from the opening price
Each marker displays the actual price level and the number of points gained or lost from the candle's open, allowing traders to quickly measure volatility, expansion, and range development.
Features include:
✅ Select any candle timeframe
✅ Select any reference candle start time
✅ Measure upward and downward price expansion from the open
✅ Display price values, point distance, or both
✅ Customizable marker colors and sizes
✅ Optional open price bubble for quick reference
This tool can be used for studying opening ranges, session behavior, volatility expansion, market structure, and price movement patterns. Traders can apply it to futures, stocks, forex, or crypto to analyze how far price typically travels from important opening levels.
The indicator does not predict direction or provide trade signals. It is designed as a visual measurement tool to help traders understand price movement relative to a key candle open.
The Points From Open Price Marker is a customizable tool designed to help traders visualize how far price moves above and below a selected candle's opening price.
The indicator identifies a user-selected reference candle and marks:
• The exact opening price
• The highest price reached above the open
• The lowest price reached below the open
• The total point expansion in both directions from the opening price
Each marker displays the actual price level and the number of points gained or lost from the candle's open, allowing traders to quickly measure volatility, expansion, and range development.
Features include:
✅ Select any candle timeframe
✅ Select any reference candle start time
✅ Measure upward and downward price expansion from the open
✅ Display price values, point distance, or both
✅ Customizable marker colors and sizes
✅ Optional open price bubble for quick reference
This tool can be used for studying opening ranges, session behavior, volatility expansion, market structure, and price movement patterns. Traders can apply it to futures, stocks, forex, or crypto to analyze how far price typically travels from important opening levels.
The indicator does not predict direction or provide trade signals. It is designed as a visual measurement tool to help traders understand price movement relative to a key candle open.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.