CM Opening Range Asia AndEurope Sessions
Requested by rayhug1 to use Asia Range of 5pm Est to 2am Est...uses 540 minutes (5pm to 2am Est — 9 Hours) to calculate the Range...then breakouts trigger after 2am
-Ability to change Start and End Times to use any entire session.
---Defaults to 540 minutes (9 hours) but Opening Range Calculation can be changed to 1 hour, 2 hour etc. in Inputs tab
***Known Bug…Currently will NOT Plot accurately the U.S. Session from 0800 to 0759. Will Update Indicator when Fixed.
-Ability to Change the Start and End Times to Accommodate any session.
—Default is 1700 to 1659 (Asian Range)
—Europe Session 0200 to 0159
***All times are based on New York Time or Eastern Standard time … GMT-5
***Times will change based on Daylight Savings Time.
Requested by rayhug1 to use Asia Range of 5pm Est to 2am Est...uses 540 minutes (5pm to 2am Est — 9 Hours) to calculate the Range...then breakouts trigger after 2am
-Ability to change Start and End Times to use any entire session.
---Defaults to 540 minutes (9 hours) but Opening Range Calculation can be changed to 1 hour, 2 hour etc. in Inputs tab
***Known Bug…Currently will NOT Plot accurately the U.S. Session from 0800 to 0759. Will Update Indicator when Fixed.
-Ability to Change the Start and End Times to Accommodate any session.
—Default is 1700 to 1659 (Asian Range)
—Europe Session 0200 to 0159
***All times are based on New York Time or Eastern Standard time … GMT-5
***Times will change based on Daylight Savings Time.
Coming Soon: www.ChrisMoodyTrading.com
//Created by ChrisMoody on 9/03/2014 //Requested by rayhug1 to use ENTIRE Asia Range From 5pm Est to 2am Est To Plot Opening Range of Entire 9 hour session...uses 540 minutes (5pm to 2am Est) to calculate the Range...then breakouts trigger after 2am //Ability to change Start and End Times to use any entire session. Defaults to 540 minutes (9 hours) but Opening Range Calculation can be changed to 1 hour etc. in inputs tab study("_CM_Opening-Range_Asia_Europe Sessions", overlay=true) sessNum = input(1, minval=0, maxval=2, title="Session to use (0 = 24 Hours, Other Numbers Listed Below)") desc = input(false, title="Below---Line Plot Start Times and End Times---1 = Asian Session, 2 = Europe Session") asian_session = input('1700-1659', type=session, title="1 - Asia Session") europe_session = input('0200-0159', type=session, title="2 - Europe Session") //us_session = input('0800-0759', type=session, title="3 - U.S. Session") pt1 = input(5, minval=1, maxval=15, title="Profit Target 1 - Multiple of Opening Range *.1, 5 = .5, 7 = .7, 10 = 1, 15 = 1.5 etc.") pt2 = input(10, minval=1, maxval=30, title="Profit Target 2 - Multiple of Opening Range *.1, 10 = 1, 15 = 1.5, 18 = 1.8, etc.") res = input('540', type=resolution, title="Length Of Opening Range-Defaults to 540 Minutes (9 Hours) Select Drop Down Box To Change?") snp = input(true, title="Plot 1 and 2 When 1st and 2nd Profit Target are Achieved?") //Session Selection Rules sessToUse = sessNum == 1 ? asian_session : sessNum == 2 ? europe_session : '0000-0000' //Session Rules bartimeSess = (sessNum == 0 ? time('D') : time('D', sessToUse)) fr2to17 = (sessNum == 0 ? time(period) : time(period, sessToUse)) newbarSess = bartimeSess != bartimeSess[1] high_range = valuewhen(newbarSess,high,0) low_range = valuewhen(newbarSess,low,0) adopt(r, s) => security(tickerid, r, s) //Formula For Opening Range highRes = adopt(res, high_range) lowRes = adopt(res, low_range) range = highRes - lowRes //Highlighting Line Rules For Opening Range highColor = high > highRes ? lime : yellow lowColor = low < lowRes ? red : yellow //Plot Statements For Opening Range Lines openRangeHigh = plot(fr2to17 > 0 ? highRes : na, color=highColor, style=circles, linewidth=4) openRangeLow = plot(fr2to17 > 0 ? lowRes : na, color=lowColor, style=circles, linewidth=4) bgcolor(fr2to17 > 0 ? silver : na, transp=85) fill(openRangeHigh, openRangeLow, color=silver, transp=70, title="Opening Range Fill") //Formula For Profit Target 1 pft1 = pt1*.1 highRes2 = highRes+range*pft1 lowRes2 = lowRes-range*pft1 //Highlighting Line rules for Profit Target 1 highColor2 = high > highRes2 ? lime : fuchsia lowColor2 = low < lowRes2 ? lime : fuchsia //Plots For Profit Target 1 p1=plot(fr2to17 > 0 ? highRes2 : na, color=highColor2, style=circles, linewidth=4) p2=plot(fr2to17 > 0 ? lowRes2 : na, color=lowColor2, style=circles, linewidth=4) //Formula For Profit Target 2 pft2 = pt2*.1 highRes3 = highRes+range*pft2 lowRes3 = lowRes-range*pft2 //Highlighting Line rules for Profit Target 2 highColor3 = high > highRes3 ? lime : aqua lowColor3 = low < lowRes3 ? lime : aqua //Plots For Profit Targe 2 plot(fr2to17 > 0 ? highRes3 : na, color=highColor3, style=circles, linewidth=4) plot(fr2to17 > 0 ? lowRes3 : na, color=lowColor3, style=circles, linewidth=4) //Rules for when to plot Numbers 1 or 2 When Profit Target 1 or 2 is Reached pt1UHit = (high >= highRes2 and high[1] < highRes2 and high[2] < highRes2 and high[3] < highRes2 and high[4] < highRes2 and high[5] < highRes2) and fr2to17 > 0 pt1LHit = (low <= lowRes2 and low[1] > lowRes2 and low[2] > lowRes2 and low[3] > lowRes2 and low[4] > lowRes2 and low[5] > lowRes2) and low > lowRes3 and fr2to17 > 0 pt2UHit = (high >= highRes3 and high[1] < highRes3 and high[2] < highRes3 and high[3] < highRes3 and high[4] < highRes3 and high[5] < highRes3) and fr2to17 > 0 pt2LHit = (low <= lowRes3 and low[1] > lowRes3 and low[2] > lowRes3 and low[3] > lowRes3 and low[4] > lowRes3 and low[5] > lowRes3) and fr2to17 > 0 //Rules for plotting 1 or 2 When Profit Target 1 or 2 is Reached plotchar(snp and pt1UHit ? pt1UHit : na, title='UpSide Profit Target 1 Achieved', char='1', location=location.abovebar, color=white, transp=0, offset=0) plotchar(snp and pt1LHit ? pt1LHit : na, title='DownSide Profit Target 1 Achieved', char='1', location=location.belowbar, color=white, transp=0, offset=0) plotchar(snp and pt2UHit ? pt2UHit : na, title='UpSide Profit Target 2 Achieved', char='2', location=location.abovebar, color=white, transp=0, offset=0) plotchar(snp and pt2LHit ? pt2LHit : na, title='DownSide Profit Target 2 Achieved', char='2', location=location.belowbar, color=white, transp=0, offset=0)