Opening Range

The user can add the Opening Range indicator to their chart by right clicking the chart and selecting Study Config to open the study configure window first, then select the “Opening Range” study from the Available Studies list and add it into the Current Studies list.

Explanation of Each Field

Settings section: Allows the user to modify the study parameters for the Opening Range study:

  • Opening Range High Line Settings: Sets the line color, style and width of the opening (upper) range line.
  • Opening Range Low Line Settings: Sets the line color, style and width of the opening (lower) range line.
  • Draw area between opening range lines: When enabled, fills the area between the opening range high and low with the color chosen in the fill section (mentioned next).
  • Fill Color: Sets the fill color of the area (if enabled) between the opening range high and low.
  • Minutes after market open (maximum 390 minutes): Sets the time length for the opening range. For example, if this is set to 5 minutes, then the opening range high and low will be drawn for the first 5 minutes of the day session (9:30AM-9:35AM ET).
  • Extend Opening Range: This setting will extend the high/low lines and the area between the lines until the end of the session (8PM ET).
The above image shows the 5 minute opening range (9:30AM-9:35AM ET) – minutes after market open set to 5, with the high (green solid) and low (red solid) lines as well as the area between the lines (colored with a slightly transparent black) and extending until the end of the session.

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