Opening range structure across any period—intraday sessions to yearly cycles—with Fibonacci levels and extension projections.
Marks High/Low range established during opening periods (Daily, Weekly, Monthly, Quarterly, Yearly, or Custom Range) as reference for breakouts, mean reversion, and volatility expectations.
Eight period types with timezone-aware session detection (Sydney/Tokyo/London/NY), historical offset for multi-period comparison, optional seven Fibonacci levels (11.4% to 88.6%) inside IB range, upward/downward projections from boundaries, flexible line extension control (IB period only, current bar, or N periods forward), and precision period detection deliver comprehensive opening range analysis for traders targeting structure-based setups across all timeframes.
Features
8 Period Types
- Daily, Weekly, Monthly, Quarterly, 4-Month, Semi-Annual, Yearly, Custom Range
- Daily Modes: Hours-based (1-12 hours) or Market Session (Sydney/Tokyo/London/NY)
- Configurable session start times with timezone-aware UTC offset adjustment
- Custom Range: Define exact start/end datetime for event-based analysis
Historical Periods
- Offset parameter to view past IB ranges (e.g., last week's IB, last month's IB)
- Compare current price action against previous period structures
- Multi-period analysis for trend confirmation
Fibonacci Levels
- Optional 7 levels (11.4%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 88.6%) inside IB range
- Mean reversion zones within the balance
- Precise entry/exit reference points
Fibonacci Projections
- Project levels upward/downward from IB high/low
- Potential breakout targets beyond the range
- Extension zones for directional moves
Line Extension Control
- IB period only: Show range during formation period
- Current bar: Extend to present
- N periods forward: Project into future for planning
- Clean visual management
Precision Period Detection
- Accurate opening range calculation for each period type
- Timezone-aware for global markets
- Handles session overlaps and transitions cleanly
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Disclaimer
Trading involves risk. This indicator is intended for technical analysis only — always apply proper risk management and trade responsibly.
Feedback & Improvements
If you have suggestions, feature requests, or ideas for enhancement, please leave a comment in the Discussion tab. Your feedback helps improve the indicator for everyone.
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