OPEN-SOURCE SCRIPT
Diupdate Opening Range + Session Windows + Volume Profile
Opening Range + Session Windows + Volume Profile
This is a revised repost of my previous script version that trended on the TradingView community indicators page. The script has been rewritten, renamed, and cleaned up so the publication follows TradingView House Rules more closely.
The goal of this indicator is to make intraday session structure easier to read from one chart.
Opening range levels can be useful, but they are much more useful when viewed with nearby volume-based context. A move away from the opening range is not always the same type of move. It can be moving into an area where volume previously built, away from an area where volume was thin, or toward a level where participation has already concentrated.
This script is built to help show that context visually.
📊 What the script shows
• Opening range high, low, and range box
• Configurable session windows
• Current session volume profile
• Previous session volume profile
• POC, HVN, and LVN levels
• Live and prior session node labels
• A terminal-style HUD for session state, trend, range size, POC, HVN, LVN, and impulse counts
• A pressure meter based on session volume standard deviation
• Filtered buy-volume and sell-volume impulse labels
🧠 Why it was built this way
The script is designed around one main idea: the opening range should not be viewed in isolation.
A breakout, rejection, or rotation around the opening range can look completely different depending on where volume is sitting around price. If price is moving into a high-volume area, that can suggest a different type of environment than price moving through a thinner low-volume area. If a prior POC or volume node is nearby, that may also change how a trader studies the move.
This indicator does not try to replace analysis. It simply brings the important intraday structure into one clean visual layout so the user can study the session with more context.
⚙️ How to use it
1. Set the main session and opening range times in the settings.
2. Use the opening range box to mark the first part of the session.
3. Watch how price behaves around the current and prior volume nodes.
4. Use POC, HVN, LVN, and session levels as structure references.
5. Use the HUD to quickly read session state, trend, range size, and active nodes.
6. Use the volume gauge and impulse labels to study stronger participation events.
7. Adjust the session windows to match the market and timezone you trade.
🔁 Current vs prior levels
Live session levels are labeled as LIVE.
Previous session levels are labeled as PRIOR.
This makes it easier to separate developing session structure from levels carried forward from the last completed session.
⚡ Volume impulse labels
The volume impulse labels are intentionally filtered. They are not meant to appear on every volume increase. The script only prints them when participation is stronger than normal based on the selected settings.
This helps keep the chart cleaner and prevents the indicator from turning into a label-heavy mess.
🕒 Session windows
The session windows are visual time references only. They are fully configurable from the settings and can be adjusted, enabled, or disabled depending on the market being viewed.
⚠️ Important notes
This is not a trading system.
This script does not place trades, issue alerts to buy or sell, provide financial advice, or tell the user what action to take. It is a decision-support tool for studying intraday structure, volume location, session context, and participation.
FOR PINECODERS TEAM: Promotional references, branding, and unclear wording have been removed, and this description has been expanded so users can understand the purpose of the tool without needing to read the Pine code. I cannot, within reason, direct users any further regarding specific use of this indicator as to avoid providing any form of financial advice. It is a framework tool for various use-cases outlined above.
The user is responsible for their own analysis, risk management, and execution decisions.
✅ Best used on
Intraday charts where opening range structure and volume context matter, including index futures, stocks, ETFs, and other liquid instruments with meaningful volume data.
This is a revised repost of my previous script version that trended on the TradingView community indicators page. The script has been rewritten, renamed, and cleaned up so the publication follows TradingView House Rules more closely.
The goal of this indicator is to make intraday session structure easier to read from one chart.
Opening range levels can be useful, but they are much more useful when viewed with nearby volume-based context. A move away from the opening range is not always the same type of move. It can be moving into an area where volume previously built, away from an area where volume was thin, or toward a level where participation has already concentrated.
This script is built to help show that context visually.
📊 What the script shows
• Opening range high, low, and range box
• Configurable session windows
• Current session volume profile
• Previous session volume profile
• POC, HVN, and LVN levels
• Live and prior session node labels
• A terminal-style HUD for session state, trend, range size, POC, HVN, LVN, and impulse counts
• A pressure meter based on session volume standard deviation
• Filtered buy-volume and sell-volume impulse labels
🧠 Why it was built this way
The script is designed around one main idea: the opening range should not be viewed in isolation.
A breakout, rejection, or rotation around the opening range can look completely different depending on where volume is sitting around price. If price is moving into a high-volume area, that can suggest a different type of environment than price moving through a thinner low-volume area. If a prior POC or volume node is nearby, that may also change how a trader studies the move.
This indicator does not try to replace analysis. It simply brings the important intraday structure into one clean visual layout so the user can study the session with more context.
⚙️ How to use it
1. Set the main session and opening range times in the settings.
2. Use the opening range box to mark the first part of the session.
3. Watch how price behaves around the current and prior volume nodes.
4. Use POC, HVN, LVN, and session levels as structure references.
5. Use the HUD to quickly read session state, trend, range size, and active nodes.
6. Use the volume gauge and impulse labels to study stronger participation events.
7. Adjust the session windows to match the market and timezone you trade.
🔁 Current vs prior levels
Live session levels are labeled as LIVE.
Previous session levels are labeled as PRIOR.
This makes it easier to separate developing session structure from levels carried forward from the last completed session.
⚡ Volume impulse labels
The volume impulse labels are intentionally filtered. They are not meant to appear on every volume increase. The script only prints them when participation is stronger than normal based on the selected settings.
This helps keep the chart cleaner and prevents the indicator from turning into a label-heavy mess.
🕒 Session windows
The session windows are visual time references only. They are fully configurable from the settings and can be adjusted, enabled, or disabled depending on the market being viewed.
⚠️ Important notes
This is not a trading system.
This script does not place trades, issue alerts to buy or sell, provide financial advice, or tell the user what action to take. It is a decision-support tool for studying intraday structure, volume location, session context, and participation.
FOR PINECODERS TEAM: Promotional references, branding, and unclear wording have been removed, and this description has been expanded so users can understand the purpose of the tool without needing to read the Pine code. I cannot, within reason, direct users any further regarding specific use of this indicator as to avoid providing any form of financial advice. It is a framework tool for various use-cases outlined above.
The user is responsible for their own analysis, risk management, and execution decisions.
✅ Best used on
Intraday charts where opening range structure and volume context matter, including index futures, stocks, ETFs, and other liquid instruments with meaningful volume data.
Catatan Rilis
Added optional alerts for opening range breakouts, volume impulse events, and current POC tags. Configure them in the new Alerts settings group. Minor readability cleanups.Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.