OPEN-SOURCE SCRIPT
Updated Xetra Auctions Breakout [Box Strategy]
This indicator implements the institutional Xetra Opening & Intraday Auction strategy, widely used by professional traders on the DAX (GER40) and European equities. It automatically identifies the High/Low ranges of the critical auction periods on the Frankfurt Stock Exchange and extends these levels throughout the day to serve as key support/resistance zones.
Strategy Concept: How it Works
The German Xetra exchange has two critical liquidity events each day where institutional volume is highest:
Opening Auction (08:50 – 09:00 CET): This pre-market period sets the tone for the day. The range formed here often acts as a definitive barrier. A breakout above this box suggests bullish institutional flow, while a break below suggests bearish sentiment.
Intraday Auction (13:00 – 13:02 CET): A mid-day liquidity injection that often triggers volatility before the US market open.
This indicator visualizes these ranges as boxes. The logic is simple: Institutions leave their footprints during auctions. We trade the reaction to these footprints.
How to Trade (Best Practices)
1. The Breakout Setup (Trend Following)
Long Entry: Wait for a 5-minute or 15-minute candle to close above the Blue Box (Opening Auction).
Short Entry: Wait for a candle close below the Blue Box.
Stop Loss: Place your stop at the opposite side of the box or at the Mid-Line (50% of the box) for tighter risk management.
2. The Reversal Setup (Range Bound)
If the price approaches the Orange Box (Intraday Auction) extended lines and shows rejection (wicks), it often acts as strong support/resistance for a reversal trade back toward the daily average.
3. "Ghost" Levels (Previous Day)
The indicator displays yesterday's auction levels as semi-transparent "ghost" boxes.
Use Case: Yesterday’s auction High is often today’s key Support. Watch for price reactions at these historical levels.
Disclaimer
This tool is for educational purposes. Trading indices involves risk. Always backtest strategies before using real capital.
Strategy Concept: How it Works
The German Xetra exchange has two critical liquidity events each day where institutional volume is highest:
Opening Auction (08:50 – 09:00 CET): This pre-market period sets the tone for the day. The range formed here often acts as a definitive barrier. A breakout above this box suggests bullish institutional flow, while a break below suggests bearish sentiment.
Intraday Auction (13:00 – 13:02 CET): A mid-day liquidity injection that often triggers volatility before the US market open.
This indicator visualizes these ranges as boxes. The logic is simple: Institutions leave their footprints during auctions. We trade the reaction to these footprints.
How to Trade (Best Practices)
1. The Breakout Setup (Trend Following)
Long Entry: Wait for a 5-minute or 15-minute candle to close above the Blue Box (Opening Auction).
Short Entry: Wait for a candle close below the Blue Box.
Stop Loss: Place your stop at the opposite side of the box or at the Mid-Line (50% of the box) for tighter risk management.
2. The Reversal Setup (Range Bound)
If the price approaches the Orange Box (Intraday Auction) extended lines and shows rejection (wicks), it often acts as strong support/resistance for a reversal trade back toward the daily average.
3. "Ghost" Levels (Previous Day)
The indicator displays yesterday's auction levels as semi-transparent "ghost" boxes.
Use Case: Yesterday’s auction High is often today’s key Support. Watch for price reactions at these historical levels.
Disclaimer
This tool is for educational purposes. Trading indices involves risk. Always backtest strategies before using real capital.
Release Notes
This indicator implements the institutional Xetra Opening & Intraday Auction strategy, widely used by professional traders on the DAX (GER40) and European equities. It automatically identifies the High/Low ranges of the critical auction periods on the Frankfurt Stock Exchange and extends these levels throughout the day to serve as key support/resistance zones.Strategy Concept: How it Works
The German Xetra exchange has two critical liquidity events each day where institutional volume is highest:
Opening Auction (08:50 – 09:00 CET): This pre-market period sets the tone for the day. The range formed here often acts as a definitive barrier. A breakout above this box suggests bullish institutional flow, while a break below suggests bearish sentiment.
Intraday Auction (13:00 – 13:02 CET): A mid-day liquidity injection that often triggers volatility before the US market open.
This indicator visualizes these ranges as boxes. The logic is simple: Institutions leave their footprints during auctions. We trade the reaction to these footprints.
How to Trade (Best Practices)
1. The Breakout Setup (Trend Following)
Long Entry: Wait for a 5-minute or 15-minute candle to close above the Blue Box (Opening Auction).
Short Entry: Wait for a candle close below the Blue Box.
Stop Loss: Place your stop at the opposite side of the box or at the Mid-Line (50% of the box) for tighter risk management.
2. The Reversal Setup (Range Bound)
If the price approaches the Orange Box (Intraday Auction) extended lines and shows rejection (wicks), it often acts as strong support/resistance for a reversal trade back toward the daily average.
3. "Ghost" Levels (Previous Day)
The indicator displays yesterday's auction levels as semi-transparent "ghost" boxes.
Use Case: Yesterday’s auction High is often today’s key Support. Watch for price reactions at these historical levels.
Disclaimer
This tool is for educational purposes. Trading indices involves risk. Always backtest strategies before using real capital.
Release Notes
Fixed critical issues preventing the indicator from working correctly on non-DAX tickers.**Changes:**
- Added configurable timezone input (default: Europe/Berlin)
- Removed dependency on session.regular for 24/7 market compatibility
- Fixed boxes drawing outside valid price ranges
- Improved time parsing to handle multiple formats
**Usage:** Works on any ticker now. Adjust timezone in settings if needed (e.g., America/New_York for US stocks, exchange.timezone for auto-detect).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.