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 open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.