OPEN-SOURCE SCRIPT
Opening Range Breakout
This indicator tracks the high and low of a configurable opening window (default: the first 15 minutes of the US cash session) and draws those levels for the rest of the trading day.
How it works
During the opening window, the running high and low are recorded. Once the window closes, both levels are drawn until the end of the day. The first confirmed close above the range high (or below the range low) is marked as a breakout — one signal per direction per day — and matching alert conditions are included. The window highlight, markers and colors are configurable, and the session time is interpreted in a selectable timezone (exchange time by default), so daylight-saving shifts are handled automatically.
Notes and limitations
Works on intraday timeframes only. A close beyond the range is a description of what happened, not a prediction: opening-range breakouts fail regularly, and the tool intentionally does not attempt to filter "good" from "bad" breakouts. Combine it with your own analysis of context, volume and risk.
How it works
During the opening window, the running high and low are recorded. Once the window closes, both levels are drawn until the end of the day. The first confirmed close above the range high (or below the range low) is marked as a breakout — one signal per direction per day — and matching alert conditions are included. The window highlight, markers and colors are configurable, and the session time is interpreted in a selectable timezone (exchange time by default), so daylight-saving shifts are handled automatically.
Notes and limitations
Works on intraday timeframes only. A close beyond the range is a description of what happened, not a prediction: opening-range breakouts fail regularly, and the tool intentionally does not attempt to filter "good" from "bad" breakouts. Combine it with your own analysis of context, volume and risk.
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.