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15
Sales
5.04K
Free installs

Description

*TIME OPENING WILL BE DIFFERENT BETWEEN ASSET CLASSES

*DEFAULT TIME VALUES ARE FOR NQ/ES/YM (FUTURES)

*TIME VALUE SHOULD BE IN EASTERN STANDARD TIME (EST)


Key Features:

Time-Based Price Levels

Plots open price lines at the opening price of key market times

All times are synchronized to Eastern Standard Time (EST)

Each time period is color-coded for easy identification


3 Customizable Session Markers:

Daily Open (12:00 AM EST) - Default Gold

Midnight Open (4:00 AM EST) - Default Green

Market Open (9:30 AM EST) - Default Blue

Each session can be toggled on/off independently


Visual Customization:

Adjustable line thickness

Multiple line styles (solid, dotted, dashed)

Customizable colors for each session

Optional time labels showing EST times

Line offset configurable up to 48 hours


Flexible Time Frame Support:

Set minimum and maximum timeframes for display

Prevents chart cluttering on inappropriate timeframes

Optimized for M5-M15 timeframes

Time Settings:

All times are in EST

Customize session times to match your trading strategy

Adjust line duration based on your analysis needs


Visual Settings:

Adjust line thickness for visibility

Choose line style based on chart clarity

Enable/disable labels as needed

Customize colors to match your chart theme


General Settings:

Define minimum/maximum timeframes

Adjust line duration for extended analysis


Best Practices:

Start with default settings and adjust based on your needs

Use different colors for each session for clear differentiation

Consider reducing line duration on lower timeframes to prevent cluttering

Enable labels initially to understand the timing, disable if chart becomes too busy

Match the indicator timeframe settings to your trading timeframe


This indicator is particularly useful for:

Day traders focusing on US markets

Traders who need to track session opens

Those who trade around major market events

Traders analyzing multi-session price action

Anyone needing clear visual reference for EST market times


Summary

AI summary
True Open Pivot Levels is a trading indicator that plots open price lines at key market times based on Eastern Standard Time (EST). It features three customizable session markers: Daily Open (12:00 AM EST, default gold), Midnight Open (4:00 AM EST, default green), and Market Open (9:30 AM EST, default blue). Each session line can be toggled on or off independently and is color-coded for easy identification.

The indicator supports visual customization including adjustable line thickness, multiple line styles (solid, dotted, dashed), customizable colors per session, optional EST time labels, and line offset configurable up to 48 hours. It allows setting minimum and maximum timeframes for display to prevent chart cluttering, optimized for 5- to 15-minute timeframes.

Users can customize session times and line durations to align with their trading strategies and analysis needs. The indicator is particularly useful for day traders focusing on US markets, traders tracking session opens, those trading around major market events, and anyone needing clear visual references for EST market times.
Indicator profile

Discussion

Customer reviews

5.0
Reviews: 2
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Customer reviews
March 7, 2025
March 5, 2025
most of the value comes from the setup needs less second guessing, and H1 makes the signal less noisy.

FAQ

Commodities
XAUUSD
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

Price

15
Sales
5.04K
Free installs