ON sqrtRange -> RTH Open Levels

Overnight sqrtRange → RTH Open Levels
This indicator captures the overnight session range (6 PM – 9:30 AM ET), takes the square root of that range, multiplies it by a user-defined factor, and snaps the result to the nearest tick to produce a dynamic unit (U). Starting from the RTH open at 9:30 AM, it plots up to 8 levels above and below, creating a structured price map for the entire trading day.
Features:

-Auto-calculated unit size from overnight range math
-Up to 8 levels each side with color-coded band fills and midpoints
-ONH / ONL lines with breach markers
-Day type classifier at open (Trend Up / Trend Down / Two-sided)
-Gap detection above ONH or below ONL at the open
-Live info table showing range, sqrtR, unit size, nearest levels, and tick distances
-Alert conditions for every level cross, ONH/ONL breach, and gap opens
-All levels drawn with line objects — zero plot budget wasted

Best used on: ES, NQ futures, but not limited to, individual names may need to tweak the settings for individual names to avoid big or small ranges, which is what the multiplier setting is for(I typically only work with 1,2,4,8 on the multiplier)

For ES, 2x multiplier is ideal and 4x on NQ and dow
individual names vary but typically 1x-2x on the multiplier

릴리즈 노트

Overnight sqrtRange → RTH Open Levels
This indicator captures the overnight session range (6 PM – 9:30 AM ET), takes the square root of that range, multiplies it by a user-defined factor, and snaps the result to the nearest tick to produce a dynamic unit (U). Starting from the RTH open at 9:30 AM, it plots up to 8 levels above and below, creating a structured price map for the entire trading day.
Features:

-Auto-calculated unit size from overnight range math
-Up to 8 levels each side with color-coded band fills and midpoints
-ONH / ONL lines with breach markers
-Day type classifier at open (Trend Up / Trend Down / Two-sided)
-Gap detection above ONH or below ONL at the open
-Live info table showing range, sqrtR, unit size, nearest levels, and tick distances
-Alert conditions for every level cross, ONH/ONL breach, and gap opens
-All levels drawn with line objects — zero plot budget wasted

For ES, a 2x multiplier is recommended. NQ and DOW perform well at 4x. Individual names typically fall in the 1x–2x range depending on their average overnight range.
The multiplier is the primary tuning parameter — increase it to expand levels on instruments with a compressed overnight range, or reduce it when levels are too wide. Standard values: 1, 2, 4, 8.

릴리즈 노트

added cumulative delta to table toggle
top 5 overnight highest vol lvls
prev day levels toggle

should be final update for a long time

오픈 소스 스크립트

트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.

josezlopez98

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.

오픈 소스 스크립트

josezlopez98