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DinexSpace Opening Range Levels

FREE

Published: 24 October 2026

Current version: 1.0

DinexSpace Opening Range Levels

Indicators
Huu Tho Tran
Huu Tho Tran
Founder - Strategy & Quality, MT5 trading automation studio at DinexSpace

Viet Nam

444
DinexSpace - trading automation studio for MetaTrader 5.
We validate your trading idea with real costs in two stages before we code it. If the idea fails validation, we stop - you don't pay for the bot.
Live track record
Version: 1.0

Opening Range Levels marks the high, low and middle of the opening range, the first minutes of a session you choose, and carries those levels through the rest of the day.

How it works

- You set the window and its time zone: New York (default 09:30-10:00), London, Tokyo or your broker's server time.

- US and UK daylight saving are applied automatically. Your broker's server offset is detected from the terminal; most brokers shift their clock with US daylight saving, which is the default, and a fixed or manual offset is also available.

- While the window is open the indicator tracks its high and low. When it closes, it draws the range high, low and (optionally) middle from the start of the window.

- The lines extend bar by bar until the stop hour you choose (16:00 by default), or until the next range starts if you set 0.

- Optional extension lines sit a chosen multiple of the range above the high and below the low.

- Each day keeps its own set of lines; you choose how many days stay on the chart. A panel shows whether today's range is waiting, forming or set, its high and low, and its width.

Inputs

- Opening range: time zone, window start and end, stop hour.

- Server time: detection mode and manual offset.

- Levels: colours, middle line, extensions and multiple.

- Display: days of history, labels, panel and corner, bars to scan.

Limits

- Needs an intraday chart with a timeframe no longer than the window.

- The range is built from chart bars; a window that starts inside a bar begins at the next bar.

The indicator only draws levels. It does not trade or give signals.

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Screenshot #1 DinexSpace Opening Range Levels

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Session Boxes draws the Asia (Tokyo), Europe (London) and US (New York) trading sessions as rectangles on an intraday chart. Each box spans the session's high and low, so you can see where each market traded, how wide the range was and where sessions overlap. How it works - Session hours are entered in each market's local time (Tokyo 09:00-18:00, London 08:00-17:00 and New York 08:00-17:00 by default). - UK and US daylight saving are applied automatically, so the boxes stay on the right bars al

Fibonacci Auto Levels draws Fibonacci retracement levels automatically, so you do not have to drag the Fibonacci tool by hand every time the chart moves. How it works - The indicator looks at the last N bars (100 by default) and finds the highest high and the lowest low. - The direction follows which extreme came last. - Low after the high: the last swing was down. Level 0 sits at the low and level 1 at the high, so the levels show how far price has bounced back up. - High after the low: the la

Previous Session High Low Alerts marks the high and low of the last completed trading session and alerts you when price comes back to them. Many traders watch where the previous Asian, London or New York session topped and bottomed. This indicator draws those levels and notifies you when they are touched. How it works - You set one session by its start and end in server time (default 10:00-19:00, which matches London hours on many brokers whose servers run at GMT+2/+3). Sessions may run past mi

Average Daily Range (ADR) Panel shows how far a symbol usually travels in a day and how much of that typical range today has already covered. It is a quick way to judge whether today is quiet, normal or unusually active. How it works - The daily range is the D1 bar's high minus its low. ADR is the average of that range over the last 5, 10 and 20 completed days; today's unfinished day is not included. - Today's range is the current D1 bar's high minus its low so far. - "Used of ADR" is today's r

Correlation Matrix shows how closely up to six symbols have moved together. It helps to avoid holding several positions that are really the same bet, and to see when a usual relationship between markets breaks down. How it works - The reference bars are the last N closed bars (60 by default) of the chosen timeframe (D1 by default) on the chart symbol. - For each symbol the indicator finds the bar at the same time with iBarShift and takes its return, so symbols with different trading hours are c

Heikin Ashi Smoothed draws a cleaner version of Heikin Ashi candles. Regular Heikin Ashi already averages prices to reduce noise; this version smooths twice, before and after the Heikin Ashi step, so small swings disappear and longer moves stand out. How it works 1. The bar's open, high, low and close are smoothed with an exponential moving average (length 10 by default). 2. Heikin Ashi candles are built from those smoothed prices: close = average of the four prices, open = midpoint of the prev

Multi-Timeframe Trend Panel shows, in one small panel, what a moving average is doing on four timeframes at once (M15, H1, H4 and D1 by default). You can see whether the timeframes agree without switching charts. How it works - For each timeframe the indicator reads the moving average (EMA 50 by default) on the last closed bar and on the bar a few bars before it (5 by default). - The change between the two is compared with ATR(14) of the same timeframe: - rising when the average went up by more

Round Number Levels draws horizontal lines at round prices around the current price, for example every 50 dollars on gold, every 100 pips on EURUSD or every 1,000 on Bitcoin. Many traders watch these "psychological" prices, so it is useful to have them on the chart without drawing them by hand. How it works - With the automatic step, the minor step is about one hundredth of the price, rounded to 1, 2 or 5 times a power of ten. Gold near 4,000 gives 50, EURUSD near 1.10 gives 0.01, and Bitcoin n

Watchlist Scanner puts the key numbers of up to 20 symbols in one panel on any chart, so you can compare markets without opening a chart for each. Columns - Last: current bid. - Chg %: change since the previous daily close, green when up and aqua when down. - Spread: current spread in points. - ATR D1 (%): the daily Average True Range over the last 14 completed days, in price and as a percent of price. It shows how much each symbol typically moves in a day, on a comparable scale. - Range/ATR: t

Market Sessions Clock is a small panel that shows, at a glance, which markets are open right now and when the next one opens or closes. How it works - Four sessions: Sydney, Tokyo, London and New York. Each has its own on/off switch and hours. - Hours are entered in each market's local time (for example 08:00-17:00 London), and daylight saving is applied automatically for Sydney, London and New York. - For every session the panel shows Open or Closed, the time left until it closes or until it n

ATR Volatility Percentile answers a simple question: is the market quiet or busy compared with its own recent past? Raw ATR values are hard to compare across symbols and periods. A percentile puts them on one 0-100 scale. How it works - ATR (Average True Range, Wilder's smoothing, length 14 by default) measures the typical bar range. - The indicator compares the current ATR with the previous N values (250 bars by default). The percentile is the share of those values that were lower than or equa

ATR Trailing Stop Line draws where a volatility-based trailing stop would sit. For a long position the line stays a fixed number of ATRs below the highest point reached. For a short position it stays above the lowest point. The line only moves in the position's favour and never moves back. How it works - ATR (Average True Range, Wilder's smoothing) measures the typical bar range. The line sits a chosen multiple of it (3 by default) away from price. - On each bar the line is pulled up (long side

Currency Strength Meter ranks the eight major currencies (USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD) from strongest to weakest over a recent period. It uses all 28 pairs they form, so it shows whether a move belongs to one currency or to the other side of the pair. How it works - For each pair the indicator takes the percent change between the last closed bar and the bar N bars before it on the chosen timeframe (24 H1 bars by default). - A currency gains that change when it is the base of a pair a

Inside/Outside Bar Highlighter colours two common candle patterns so they are easy to spot on any chart: - Inside bar: the bar's high is below the previous high and its low is above the previous low. The range has contracted inside the previous bar. - Outside bar: the bar's high is above the previous high and its low is below the previous low. The range has expanded beyond the previous bar on both sides. How it works - The indicator draws a coloured candle on top of each matching bar. Inside ba

Pivot Points draws the classic floor-trader levels from the previous day, week or month: a central pivot plus resistance (R) levels above and support (S) levels below. Three common formulas are included. Formulas (H, L, C = previous period's high, low, close; P = (H + L + C) / 3; range = H - L) - Classic: R1 = 2P - L, S1 = 2P - H, R2/S2 = P ± range, R3 = H + 2(P - L), S3 = L - 2(H - P). - Fibonacci: P ± 0.382, 0.618 and 1.000 × range. - Camarilla: C ± range × 1.1/12, 1.1/6, 1.1/4 and 1.1/2 (R1-

Spread Monitor and Logger keeps a record of your broker's spread on the current symbol. It shows when spreads widen (rollover, news, quiet hours) and keeps a simple log you can open in a spreadsheet. How it works - Every second the indicator reads the current spread in points. A sample is only counted while the symbol is quoting (a new tick in the last minute), so closed hours do not pull the statistics down. - The panel shows the current spread, the average, minimum and maximum of the current

Session and Anchored VWAP plots the volume-weighted average price (VWAP), the average price paid in a period weighted by volume. Two versions are included: one that resets every day, week or month, and one anchored at a moment you choose. How it works - Periodic VWAP: starts fresh at the beginning of each day (broker server time), each week (Monday) or each month, and accumulates price × volume from there. - Up to two bands at a chosen number of standard deviations show how far price has moved

Account Info Panel puts the numbers you check most often into one small panel on the chart, so you do not have to switch to the Trade tab. What it shows - Balance and equity. - Floating P/L of open positions. - Closed today: profit, swap, commission and fees of deals closed since the start of the server day. Deposits and withdrawals are excluded. - Margin used and free margin. - Margin level, highlighted when it falls below 200%. - Today's drawdown: how far equity is below its level at the star

Day and Week Separators draws vertical lines at the start of each day, week and month on intraday charts, with an optional day-of-week label at each line. It is a small visual aid that makes it easier to see where one trading day ends and the next begins. How it works - Day, week and month separators each have their own switch, colour and line style. - When several periods start on the same bar, only the strongest line is drawn: month over week, week over day. - The trading day can start at the

Spread and Swap Info shows the trading costs and timing details of the current symbol in a small panel, so beginners can check them without opening the symbol specification. What it shows - Spread in points, with "(fixed)" when the broker quotes a fixed spread. - Swap long / short with the right unit for the symbol's swap mode: points, a currency (base, margin or account currency), percent per year, or "reopen". When swaps are disabled or both are zero it shows "Swap: none". - Triple swap day,

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