OPEN-SOURCE SCRIPT
Updated Time Clusters - Range Projection (Fixed Capture)
Time Clusters – Range Projection (Selectable Capture TF)
Brief Description
This indicator identifies specific time-of-day slots (hourly + custom times) and captures the exact high/low range of the first bar of a user-selected timeframe (e.g. 1-minute, 5-minute, 15-minute) that occurs at the start of each slot. It then projects that range forward as a box for the rest of the session (or day).
You can run it on any chart timeframe (15s, 1m, 5m, etc.) while independently choosing which timeframe’s first bar range to capture.
Main Use Cases
Opening Range / Time-Based Range Trading: Capture the first 1-minute (or 5-minute) range of key sessions (London open, NY open, etc.) and trade breakouts or mean-reversion from that range.
Intraday Time Clusters: Track how price behaves relative to the opening range of specific hours (e.g. 09:00, 10:00, 13:30).
Multi-timeframe analysis on lower charts: Watch a 15-second or 1-minute chart while locking in the true 1-minute or 5-minute opening range of each slot.
Session profiling / statistical edge hunting: Quickly see which time slots produce reliable ranges that act as support/resistance for the rest of the day.
Ideal for traders who focus on time-of-day edges and want precise, non-repainting opening ranges without switching chart timeframes.
Brief Description
This indicator identifies specific time-of-day slots (hourly + custom times) and captures the exact high/low range of the first bar of a user-selected timeframe (e.g. 1-minute, 5-minute, 15-minute) that occurs at the start of each slot. It then projects that range forward as a box for the rest of the session (or day).
You can run it on any chart timeframe (15s, 1m, 5m, etc.) while independently choosing which timeframe’s first bar range to capture.
Main Use Cases
Opening Range / Time-Based Range Trading: Capture the first 1-minute (or 5-minute) range of key sessions (London open, NY open, etc.) and trade breakouts or mean-reversion from that range.
Intraday Time Clusters: Track how price behaves relative to the opening range of specific hours (e.g. 09:00, 10:00, 13:30).
Multi-timeframe analysis on lower charts: Watch a 15-second or 1-minute chart while locking in the true 1-minute or 5-minute opening range of each slot.
Session profiling / statistical edge hunting: Quickly see which time slots produce reliable ranges that act as support/resistance for the rest of the day.
Ideal for traders who focus on time-of-day edges and want precise, non-repainting opening ranges without switching chart timeframes.
Release Notes
the custom zones weren't working correctly. fixed now. 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.