fxcodebase-backup
Opening Candle RangeOpening Candle RangeOpening Candle Range
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=75958
Forum: 17 · Topic 75958 · 1 post(s)
Opening Candle RangeOpening Candle RangeOpening Candle Range
Apprentice · Thu May 22, 2025 4:22 am
[Opening Candle Range]
Description: Displays the high-low range of the user-defined opening candle (e.g., 9:30 AM) on a specified timeframe. The range is color-filled and optionally extended across the chart.
Features:
- Select start time (hour/minute) and candle timeframe
- Visual fill with configurable up/down colors and transparency
How to Use with ICT KISS Strategy:
Use this indicator to automatically mark the 9:30 AM candle range on the M30 chart. Switch to M5 and wait for price to break out or reject the range to trade based on Fair Value Gaps (FVGs).
Scenario 1: Breakout • If price exits the range, look for a Fair Value Gap (FVG) into the range to enter: • FVG is a sequence of one, two or three candles in the same direction • Typically, the middle candle is large • The third candle can be small or in the opposite direction if it doesn’t invalidate the gap
Scenario 2: Range Rejection • Even if price stays inside the range, • You can still enter a trade if price rejects from the edge and a valid FVG forms
Opening Candle Range History.lua
Indicator-based strategy. https://fxcodebase.com/code/viewtopic.p … 93#p159393