OPEN-SOURCE SCRIPT
Diupdate X ORT
X ORT — Opening Range & Time Reference Tool
Overview
The X ORT indicator is a precision tool designed for intraday traders seeking to anchor their trading decisions to high-probability price levels. It captures key market reference points including Opening Ranges, Settlement Prices, and Time-Specific Opens, all based on New York time, to help identify potential pivots and directional bias in the market.
Key Features & Usage
🔹 Opening Range Boxes (ORs)
The indicator defines up to two customizable Opening Ranges (e.g., 9:30–9:59 and 8:20–8:49 ET). Each range dynamically tracks the high, low, and midpoint price as the session unfolds, and continues to extend those levels forward throughout the day.
Use as Pivots: The high and low of the Opening Range often act as intraday support and resistance zones. A breakout above the ORH (Opening Range High) may signal bullish intent, while a drop below the ORL (Opening Range Low) may suggest bearish momentum.
Use for Directional Bias: If price remains above or below the range after completion, it may indicate a continuation in that direction. The midpoint (dashed line) serves as a mean-reversion or fair value pivot.
🔸 Settlement Price Anchors
The indicator optionally plots Daily, Weekly, and Monthly Settlement Prices, which are significant institutional reference points.
Use as Market Anchors: Settlement prices are often used by professionals to gauge positioning. Price acceptance above or below settlement can signal strength or weakness and guide directional trades.
Historical weekly and monthly settlements help define multi-day or swing levels for broader context.
🔹 Time-Based Open Levels
X ORT also draws horizontal lines at the open price of specific time points: Midnight, 8:30 AM, 9:30 AM, and 1:30 PM ET.
Use for Session Anchors: These reference opens are useful for understanding session shifts, aligning with key economic releases (like 8:30 AM), and gauging session-to-session continuity.
Why Use X ORT?
Objective Structure: Provides rule-based levels to avoid emotional trading.
Visual Clarity: Transparent, extendable boxes and labeled lines help traders focus on key decision zones.
Multi-Time Context: Blends intraday and higher timeframe levels to support short-term and swing traders.
Whether you're breakout trading, fading range extremes, or gauging market bias, X ORT offers a reliable structural foundation that aligns with how professionals track price behavior throughout the trading day.
Overview
The X ORT indicator is a precision tool designed for intraday traders seeking to anchor their trading decisions to high-probability price levels. It captures key market reference points including Opening Ranges, Settlement Prices, and Time-Specific Opens, all based on New York time, to help identify potential pivots and directional bias in the market.
Key Features & Usage
🔹 Opening Range Boxes (ORs)
The indicator defines up to two customizable Opening Ranges (e.g., 9:30–9:59 and 8:20–8:49 ET). Each range dynamically tracks the high, low, and midpoint price as the session unfolds, and continues to extend those levels forward throughout the day.
Use as Pivots: The high and low of the Opening Range often act as intraday support and resistance zones. A breakout above the ORH (Opening Range High) may signal bullish intent, while a drop below the ORL (Opening Range Low) may suggest bearish momentum.
Use for Directional Bias: If price remains above or below the range after completion, it may indicate a continuation in that direction. The midpoint (dashed line) serves as a mean-reversion or fair value pivot.
🔸 Settlement Price Anchors
The indicator optionally plots Daily, Weekly, and Monthly Settlement Prices, which are significant institutional reference points.
Use as Market Anchors: Settlement prices are often used by professionals to gauge positioning. Price acceptance above or below settlement can signal strength or weakness and guide directional trades.
Historical weekly and monthly settlements help define multi-day or swing levels for broader context.
🔹 Time-Based Open Levels
X ORT also draws horizontal lines at the open price of specific time points: Midnight, 8:30 AM, 9:30 AM, and 1:30 PM ET.
Use for Session Anchors: These reference opens are useful for understanding session shifts, aligning with key economic releases (like 8:30 AM), and gauging session-to-session continuity.
Why Use X ORT?
Objective Structure: Provides rule-based levels to avoid emotional trading.
Visual Clarity: Transparent, extendable boxes and labeled lines help traders focus on key decision zones.
Multi-Time Context: Blends intraday and higher timeframe levels to support short-term and swing traders.
Whether you're breakout trading, fading range extremes, or gauging market bias, X ORT offers a reliable structural foundation that aligns with how professionals track price behavior throughout the trading day.
Catatan Rilis
control over time line colorCatatan Rilis
clean upCatatan Rilis
one more clean upCatatan Rilis
added ability to turn Settlement labels on/offCatatan Rilis
clarified 'show historical' option that it is only specific to OR. all other elements historical data is shown by default Catatan Rilis
added 3 anchored VWAP options. Catatan Rilis
added control over color of OR mid-line that is dashed Catatan Rilis
OR color controls for fill, HL lines and mid line Catatan Rilis
added open prices and cleaned up settlement labels. Adjusted AVWAP options. THe ETH open is from 8pm not 6pm as TV makes it difficult to start before UTC-0Catatan Rilis
add bands to first AVWAP Catatan Rilis
clean up Catatan Rilis
created setting to easy switch between dark mode and light mode for specific lines and labels. added control over OR HL lines and label visibility
reformatted AVWAP control panel and added 3 bands.
Catatan Rilis
clean up OR fib colorCatatan Rilis
added RTH open AVWAPCatatan Rilis
added 0.5 and 1.5 fibs on OR (for first two. will get to third later)Catatan Rilis
clean upCatatan Rilis
fixed AVWAP ETH start time to true openCatatan Rilis
changed AVWAP to ETH Open, RTH Open, and 4H's. for now bands have been eliminated to save on memory within indicator. Catatan Rilis
clean up imageCatatan Rilis
clean upCatatan Rilis
re-worked. separated OR and Sessions. to save memory took out some lines. let me know if there is something gone that really want back Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.