OPEN-SOURCE SCRIPT

Opening Range Reversal Zones

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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.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.