Opening Range Naresh
- Indicators
- Version: 1.1
- Activations: 5
Key Features
- Dual Session Mode — Auto mode detects new calendar day automatically; Custom mode lets you define an exact HH:MM window with timezone offset for any market open (NY, London, Dubai, etc.)
- Live OR Formation Box — Highlighted box draws in real-time during the OR period, expanding as price makes new highs/lows, then freezes the moment the OR window closes
- Bias Fill — OR zone fills green if this session's midpoint is above the previous session's midpoint (bullish bias), red if below (bearish bias), neutral if flat
- Progressive Targets — Targets are only drawn after price earns them, not pre-drawn speculatively. Each target is spaced at a configurable % of the OR range (default 50%)
- Adaptive Target Display — In Adaptive mode only the ±1 targets around current price are shown, keeping the chart clean; Extended mode shows all earned targets simultaneously
- Breakout Signals — Green ▲ / Red ▼ arrows fire on close-based crossover of ORH/ORL with mid-level re-arm logic to prevent signal spam on chop
- Daily Bias Filter — Optional filter that suppresses signals against the OR direction until price confirms the first extension target, reducing false breakout entries
- Session MA — Moving average that resets to zero at each OR start, giving a clean session-relative trend read; supports EMA, SMA, SMMA, LWMA
- Historical Toggle — Show only the current session (default, fast load) or all historical sessions for backreview
- Universal Instrument — Works on XAUUSD, SPX500, BTCUSD and any instrument; no hardcoded price assumption
