Opening Range Reversal Zones

19 Jan

This script finds a reversal zone beyond the opening range for the selected period. I borrowed most of the opening range script itself from asenski.

I added a few things:

• Trade Entry Times -- this restricts the "alert times."
  
• Shading for the above mentioned times for the two "reversal" zones
  
• A couple of other visuals for lines for the hi, mid, low of the opening range and lines for the fibs
  
• Alerts while in the trading entry time session for fibbonacci crossovers.
  

I use this on NDX, SPY, and QQQs and have found buying "at the money" 0DTE puts in the "red zone" or 0DTE calls in the "green zone" frequently wins.

I have no statistics, as I am very methodical when I choose to enter, paying attention to the news, recent momentum, etc, and am not blindly entering when alert comes, but when one does, I do research and enter a trade.

In any case, thought I would share.