OPEN-SOURCE SCRIPT
Opening Range Gap (ORG) [TH Trader]
Opening Range Gap (ORG) Zones
This indicator maps the overnight gap between the prior session's settlement (16:14 NY close) and the regular session open (09:30 NY), then divides that range into Fibonacci-style levels so you can track how price interacts with the gap throughout the day.
How it works:
Anchors are captured via a minute-by-minute walk over 1-minute data on the chart's own symbol, so both the 16:14 settlement price and the 09:30 open are always caught precisely — regardless of your chart's timeframe or Extended Hours setting
The gap range is divided into customizable levels (0/Open, 12.5%, 25%, 37.5%, 50%/CE, 62.5%, 75%, 87.5%, 100%/Close), each individually toggleable with its own color
The midpoint (CE) is highlighted separately as it often acts as a key reference for gap-fill trades
A background box shades the full gap zone, and a label shows the gap size in both points and percentage
Tracks whether each ORG has been "filled" (price has traded back to the settlement price) — fill detection uses your chart's own bars, so toggling Extended Hours changes what counts as filled
Extension styles:
Cap at day end — zone freezes at the end of each session
Cap at time of day — zone freezes at a custom cutoff time
Extend all lines right — zones extend indefinitely
Extend unfilled ORGs — filled zones are removed from the chart, keeping only unfilled gaps visible (with an option to keep the most recent ORG visible even after it fills)
How to use it:
Use the gap size label to gauge overnight volatility relative to recent history
Watch how price reacts at each Fibonacci level within the gap, especially the 50% (CE) level, for potential support/resistance or gap-fill setups
Combine with the CME Overnight Range and Anchored VWAP for additional overnight-positioning context
Works on any intraday timeframe; disabled on Daily/Weekly/Monthly charts since the concept requires intraday anchors
This indicator maps the overnight gap between the prior session's settlement (16:14 NY close) and the regular session open (09:30 NY), then divides that range into Fibonacci-style levels so you can track how price interacts with the gap throughout the day.
How it works:
Anchors are captured via a minute-by-minute walk over 1-minute data on the chart's own symbol, so both the 16:14 settlement price and the 09:30 open are always caught precisely — regardless of your chart's timeframe or Extended Hours setting
The gap range is divided into customizable levels (0/Open, 12.5%, 25%, 37.5%, 50%/CE, 62.5%, 75%, 87.5%, 100%/Close), each individually toggleable with its own color
The midpoint (CE) is highlighted separately as it often acts as a key reference for gap-fill trades
A background box shades the full gap zone, and a label shows the gap size in both points and percentage
Tracks whether each ORG has been "filled" (price has traded back to the settlement price) — fill detection uses your chart's own bars, so toggling Extended Hours changes what counts as filled
Extension styles:
Cap at day end — zone freezes at the end of each session
Cap at time of day — zone freezes at a custom cutoff time
Extend all lines right — zones extend indefinitely
Extend unfilled ORGs — filled zones are removed from the chart, keeping only unfilled gaps visible (with an option to keep the most recent ORG visible even after it fills)
How to use it:
Use the gap size label to gauge overnight volatility relative to recent history
Watch how price reacts at each Fibonacci level within the gap, especially the 50% (CE) level, for potential support/resistance or gap-fill setups
Combine with the CME Overnight Range and Anchored VWAP for additional overnight-positioning context
Works on any intraday timeframe; disabled on Daily/Weekly/Monthly charts since the concept requires intraday anchors
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.