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Multi-Session Opening Ranges

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The Multi-Session Opening Ranges indicator plots the Opening Range (OR) levels for three major trading sessions: Asia, London, and New York. It displays the high (ORH), low (ORL), and midline of each session's opening range, helping traders identify key price levels for potential breakouts, reversals, or support/resistance zones.

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This indicator is highly customizable, allowing users to tailor the appearance and behavior of each session independently.

Features
Multi-Session Support: Visualizes Opening Ranges for Asia, London, and New York sessions, with customizable session times and timezones.
Customizable Lines: Adjust the color, style (solid, dashed, dotted), and width of ORH, ORL, and midline for each session.
Offset Control: Set a custom offset (in bars) for lines and labels to position them away from price action for better visibility.
Fill Customization: Choose the fill color for the area between ORH and ORL for each session.
Historical Data Option: Toggle the display of historical OR levels to focus on current session data or analyze past ranges.
Timezone Flexibility: Select from a wide range of timezones to align session times with your trading needs.
Label Customization: Adjust the size of labels (tiny, small, normal, large, huge) for clarity on any chart.

How It Works
The indicator identifies the high and low prices during the user-defined opening range period for each session (default: 5 minutes). It then draws:
ORH (Opening Range High): The highest price during the session's opening range.
ORL (Opening Range Low): The lowest price during the session's opening range.
Midline: The average of ORH and ORL, plotted as a dashed line by default.
Filled Area: A semi-transparent fill between ORH and ORL to highlight the range.

Lines and labels extend until the start of the next session or can be offset by a user-specified number of bars for better chart readability. The indicator supports historical data display for analyzing past session ranges.

Inputs

Display:
Show Historical Data: Enable/disable historical OR levels.
Timezone: Select the timezone for session calculations (e.g., UTC-4, UTC+1, etc.).

Asia/London/New York Sessions:
Show Session: Enable/disable the session.
Session Time: Define the start and end time for the opening range (e.g., "0930-0935:1234567" for 9:30–9:35 AM, all days).

Asia/London/New York Style:
ORH/ORL/Midline Color: Set the color for each line.
ORH/ORL/Midline Style: Choose solid, dashed, or dotted styles.
ORH/ORL/Midline Width: Adjust line thickness (1–5).
OR Fill Color: Customize the fill color for the OR area.
Lines/Labels Offset: Set the offset (in bars, -50 to 50) to shift lines and labels relative to price action.

General Style:
Label Size: Set the size of ORH and ORL labels (tiny, small, normal, large, huge).

Usage
Add the indicator to your chart.
Configure session times to match your trading instrument and timezone.
Customize colors, line styles, widths, and offsets for each session to suit your chart preferences.
Use the ORH, ORL, and midline levels to identify key price zones for trading strategies, such as breakouts or reversals.

Notes
Ensure session times do not overlap to avoid conflicts in visualization.
Large offsets may place lines/labels outside the visible chart area; adjust as needed.
The indicator is optimized for intraday timeframes but works on any timeframe.

Note di rilascio
This indicator plots Opening Ranges (OR) for multiple trading sessions: Asia, London, and New York. It highlights the high (ORH), low (ORL), and midline of each session's specified duration, with customizable visuals including lines, fills, and labels. Designed for Futures, forex, stocks, or any market with distinct session times, it helps identify key support/resistance levels formed during session openings.
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Usage Tips
Chart Setup:
- Works best on intraday timeframes (e.g., 1m-15m). Ensure your chart timezone matches or adjust via inputs.
Common Configurations:
Asia (Tokyo) at 1800 UTC-4 (00:00 UTC), London at 0300, NY at 0930.
Durations: 5-15 minutes for tight ORs; longer for broader ranges.

If you encounter issues or have suggestions, drop a comment below. Happy trading!


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