Indicator
XAUUSD
Commodities
True Open Pivot Levels
"True Open Pivot Levels" logo
03/09/2025
Desktop
Since 19/11/2024
Sales
15
Free installs
2364
"True Open Pivot Levels" uploaded image"True Open Pivot Levels" uploaded image"True Open Pivot Levels" uploaded image

*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


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