OPEN-SOURCE SCRIPT
Opening Price Lines
This script allows the user to set 16 custom opening time price lines and labels, as well as 4 vertical lines to delineate times of the day.
Opening price is crucial for PO3 and OHLC/OLHC market strategies. If you are bearish, you want to get in above the opening price of a candle; conversely if you are bullish you want to enter below the opening price of a candle.
This indicator will aid in identifying time clusters in price as well as identifying important times for whatever strategy the user employs.
*Many thanks to TFO for the framework from which this indicator was created.*
Opening price is crucial for PO3 and OHLC/OLHC market strategies. If you are bearish, you want to get in above the opening price of a candle; conversely if you are bullish you want to enter below the opening price of a candle.
This indicator will aid in identifying time clusters in price as well as identifying important times for whatever strategy the user employs.
*Many thanks to TFO for the framework from which this indicator was created.*
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