Candle Opens by HAZED

🎯 Candle Opens by HAZED - Multi-Timeframe Open Levels Indicator

📊 Overview
This powerful indicator displays multiple timeframe opening prices on your chart, providing crucial reference levels that institutional traders and algorithms frequently monitor. Track up to 7 different timeframe opens simultaneously, from 1-hour to yearly, with advanced visualization features including dynamic coloring, heatmap analysis, and real-time status tracking.

✨ Key Features

📈 Multi-Timeframe Support:
- 1H, 4H, Daily, Weekly, Monthly, Quarterly, and Yearly opens
- Each timeframe can be individually enabled/disabled
- Automatic visibility adjustment based on chart timeframe

🎨 Dynamic Visual System:
- Smart Color Coding: Lines automatically change color based on price position (green above, red below)
- Customizable Styling: Adjust line thickness, transparency, and colors
- Intelligent Line Positioning: Choose between equal-length or staggered lines for better visibility
- Enhanced Labels: Display timeframe only or include price with colored background

🌈 Advanced Heatmap:
- Background coloring shows overall market sentiment across all timeframes
- Gradient or solid color modes
- Instantly see when multiple timeframes align bullish or bearish

📊 Status Table Dashboard:
- Real-time overview of all active opens
- Shows current price position relative to each open
- Simplified view when all timeframes align
- Customizable position and font style

⚙️ Professional Tools:
- Alert system for new open levels
- Extended hours session support
- Price discovery mode for EOD/intraday discrepancies
- Left/right line extensions for enhanced visibility

💡 Trading Applications

Support & Resistance:
Opening prices act as natural support/resistance levels. Price often reacts at these levels, providing entry/exit opportunities.

Trend Confirmation:
When price is above multiple opens (especially higher timeframes), it confirms bullish momentum. The opposite indicates bearish pressure.

Mean Reversion:
Price tends to revert to significant opens, particularly daily and weekly levels. Use these as targets for counter-trend trades.

Breakout Trading:
Monitor when price breaks above/below clustered opens for potential continuation moves.

Risk Management:
Use opens as logical stop-loss levels or position sizing references based on distance from key opens.

🔧 Indicator Settings

Timeframes Section:
- Toggle each timeframe on/off
- Customize individual colors

Visual Style Section:
- Dynamic Colors: Auto-color based on price position
- Line Thickness: 1-4 pixels
- Transparency: 0-80%
- Extension Length: How far lines extend right
- Label Style: Plain or enhanced with price

Heatmap Section:
- Enable/disable background coloring
- Adjust transparency
- Choose gradient or solid zones

Status Table Section:
- Position on chart
- Font selection

Advanced Section:
- Enable alerts for new opens
- Price discovery mode
- Extended hours inclusion

]📈 Best Practices

1. Timeframe Selection:
- For intraday: Focus on 1H, 4H, and Daily
- For swing trading: Daily, Weekly, Monthly
- For position trading: Monthly, Quarterly, Yearly

2. Color Coding:
- Enable dynamic colors for instant sentiment reading
- Use heatmap for overall market bias

3. Confluence Zones:
- Pay special attention when multiple opens cluster
- These zones often produce stronger reactions

4. Alignment Signals:
- When all timeframes show same color = strong trend
- Mixed colors = potential consolidation or reversal zone

🎯 Pro Tips

- Volume Confirmation: Combine with volume indicators to confirm reactions at open levels
- Multiple Instruments: Compare opens across correlated assets for divergences
- News Events: Opens often act as magnets after major news releases
- Options Trading: Weekly and monthly opens align with options expiry levels
- Algorithmic Levels: Many algorithms use these opens for entries/exits

🔄 Updates in Version 8.3

- Added 1H and 4H timeframe support
- Enhanced dynamic color system
- Implemented heatmap visualization
- Added real-time status table
- Optimized performance for smoother operation
- Improved label styling options
- Better yearly timeframe detection

⚡ Performance Optimizations

This indicator uses advanced Pine Script v6 features for optimal performance:
- Efficient object reuse instead of recreation
- Smart calculation loops
- Minimal repainting
- Optimized for real-time updates

📝 Notes

- Works on all markets (stocks, forex, crypto, futures)
- Best on timeframes lower than the opens you're tracking
- Lines automatically hide when their timeframe is lower than chart timeframe
- Past opens are not displayed (indicator shows current opens only)

🙏 Credits & Support

Created by HAZED | Version 8.3
Optimized for TradingView Pine Script v6

For questions, suggestions, or bug reports, please comment below.
If you find this indicator useful, please consider leaving a like and a follow!

Remember: No indicator is perfect. Always use proper risk management and combine multiple confirmation signals in your trading decisions.