Select Offset: With an offset of 00:00, the indicator aligns to the start of the selected session. Select length of opening period: The opening period can be selected via indicator dialogue box. The hybrid setting assumes that you want to use the 3rd intraday session as RTH session for FOREX and currency futures and the second session for all other instruments.Įxample ES: Select a session template with the following sessions: Session 1 (night session) 15:30 - 8:30 Central Time, Session 2 (RTH) 8:30 - 15:15 Central Time. The opening time will align itself to the start time of the RTH session, as specified via indicator settings. You can only use this indicator with an appropriate session template.
Example: You trade 7 min charts and your opening period is 30 minutes. Use with minute charts: You want to use this indicator with minute charts, if the opening period is not an integer multiple of the bar period. An example is shown on the chart attached.
The MTF version of the indicator will display the opening range correctly, even if the primary bar series does not contain the necessary information for its calculation. It has the following advantages over the standard version:įor tick, range and volume charts: The standard indicator may not display the opening range correctly, if the last bar expands the opening range and closes after the opening period. The indicator adds a secondary minute bar series to the chart, which is used to calculate the opening range. This version is a multi-timeframe (MTF) version of the standard OpeningRange V42 indicator. The indicator displays the opening range and the current open of the RTH session. No person employed by, or associated with, NT or any of its affiliates is authorized to provide any information about any such Vendor Content.Indicator will only run on NT. If you are interested in learning more about, or investigating the quality of, any such Vendor Content you must contact the vendor, provider or seller of such Vendor Content. Please be aware that any performance information provided by a vendor should be considered hypothetical and must contain the disclosures required by NFA Rule 2-29(c).
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