Split any 24-hour session into 3 segments to determine range statistics and midpoints. Ideal for futures traders to analyze the overnight sessions (Asia and Europe). Also great for splitting the day session into different parts (initial balance, mid-day, closing power-hour). Customize colors and names of sessions along with 50% and 25% midpoints.
This is a total re-write of my previous Opening Range indicator. All the same functionality with better code
Features
Opening Range and Initial Balance ranges (30 minutes and 1 hour defaults)
Overnight Range
Daily Open Price
Can select which midpoint: OR or IB
4 separate extensions (up and down) based on either OR or IB
Shaded range area
All lines...
GlobexRanges. How the market moves over night helps determine what the market may do the next day. In this indicator I have used fib levels as well as the globex range levels.
This indicator plots the low and high of a time period of your choice. We use this to plot the overnight high and low for the futures markets.
The ADR projection shows you a dynamic projection of how far the average daily range would take us. It updates in real time as the market makes new highs and lows.
