Daily Open
The "Daily Open" indicator by Kintsugi Trading is designed to give traders clear and immediate access to daily open prices, enhancing their ability to spot key market levels and make informed trading decisions. The indicator dynamically changes the color of the plotted line based on the current price's relationship to the opening price of the regular...
Introducing the RD Opening Range/Initial Balance indicator. The opening range is the first 60 minutes of trading action for a given day (High, Mid, and Low).
The market tends to put significance in these levels, that's why we use them in our trade system.
There is also a data panel:
Today - Today's opening range value
W-Avg - This weeks average
20D CA-OH -...
Display Market Open and/or Premarket Open
Labels are offset to the right of Lines
You can adjust the number of opens back to display
If you want to change the format of the label please read the tool tip
Hope you enjoy
FrizLabz
![AAPL: Daily Open [Kintsugi Trading]](https://s3.tradingview.com/p/PTfOKmZ9_mid.png "Daily Open [Kintsugi Trading]")
![SPY: [FrizLabz]PB OLvls](https://s3.tradingview.com/p/PfJlWdXm_mid.png "[FrizLabz]PB OLvls")
