Bullseye NYSE 1st5m

7일 전

This script, "BullseyeNYSE1st5m," is a TradingView indicator designed to highlight the high and low price levels during the first 5 minutes of the NYSE trading session. It works as follows:

1. **Identify NYSE Trading Hours**: The script identifies bars that fall within NYSE trading hours, specifically focusing on the first five minutes after the market opens.

2. **Calculate First 5-Minute High and Low**: During the first five minutes of the trading day, the script captures and updates the high and low prices, storing these values for the remainder of the session.

3. **Plot High and Low Levels**: The high and low values from the first five minutes are plotted as lines on the chart in yellow. This helps traders quickly identify the initial range set by the market.

4. **Fill the Area Between High and Low**: The area between the high and low levels is filled with a translucent yellow color to visually emphasize the first five-minute range.

5. **Alerts for Breakouts**: Alerts are set to notify the user when the price closes above or below the first five-minute range. This helps traders stay informed of potential breakout opportunities beyond this key opening range.

This indicator is useful for day traders looking to leverage the first few minutes of NYSE trading to identify early support and resistance levels and to spot breakout opportunities.

5일 전

릴리즈 노트

UPDATE: The Background is only visible. keep the chart clean.

5일 전

릴리즈 노트

Functional on higher timeframes