OPEN-SOURCE SCRIPT

Europe Open Levels PRO

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Europe Open Levels PRO is a clean and lightweight intraday trading tool designed specifically for European market open traders.

This indicator automatically plots the most important institutional intraday reference levels for the European session:

* Overnight High (ONH)
* Overnight Low (ONL)
* Previous Day High (PDH)
* Previous Day Low (PDL)
* Opening Range High (ORH)
* Opening Range Low (ORL)

The script is optimized for traders focusing on:

* DAX (DE40)
* UK100 (FTSE)
* European index CFDs
* Opening range breakouts
* Liquidity sweeps
* Scalping and short-term intraday trading

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## Features

### Overnight High / Low (ONH / ONL)

Tracks the overnight session liquidity range before the European cash open.

Useful for:

* liquidity grabs
* stop hunts
* reversal setups
* breakout continuation

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### Previous Day High / Low (PDH / PDL)

Uses the European cash session only (09:00–17:30 CET) instead of full 24h CFD data.

This provides cleaner and more relevant institutional reference levels for intraday trading.

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### Opening Range (OR)

Automatically calculates the Opening Range High and Low after the European market open.

The Opening Range duration is fully customizable.

Ideal for:

* OR breakouts
* momentum confirmation
* trend continuation setups
* fakeout detection

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## Designed For

This indicator is especially useful for traders who use:

* Price Action
* Smart Money Concepts (SMC)
* Market Structure
* Liquidity concepts
* CHoCH / BOS
* Opening Range trading

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## Clean Visual Design

* Lightweight and non-cluttered
* Thin institutional-style level plotting
* Dynamic labels
* Session-aware calculations
* Optimized for intraday charts

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## Recommended Timeframes

Best used on:

* 1 Minute
* 3 Minute
* 5 Minute
* 15 Minute

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## Notes

* Timezone: Europe/Berlin
* Designed for European market sessions
* Best suited for active intraday traders and scalpers

If you find this indicator useful, feel free to like and share it with the TradingView community.

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