Support Board
Date/Time: Tue, 26 Aug 2025 08:50:52 +0000
30 secs opening range
View Count: 2246
| [2022-03-15 14:50:21] |
| User449884 - Posts: 182 |
|
Hello, Does anyone have a study to share on how to add the 30 secs opening range? thanks |
| [2022-03-15 14:57:17] |
| Matador Trader - Posts: 24 |
|
Just use the "initial balance" study. Set start time to "09:30:00" and end time to "09:30:29"
|
| [2022-03-15 18:25:31] |
| Tonkadad - Posts: 235 |
|
https://www.simplesystemtrading.com/trading-the-opening-range/
|
| [2022-03-15 18:55:00] |
| User907968 - Posts: 844 |
|
Just use the "initial balance" study. Set start time to "09:30:00" and end time to "09:30:29"
This would only be 100% accurate when the chart bar period is a factor of 30. If the bar period is greater than 30s, then the bar high and low will always be used, even if those values are printed outside of the initial balance period. Attached chartbook shows one possible solution using Initial Balance study overlay from 30s chart. |
 OpeningRange.Cht - Attached On 2022-03-15 18:54:55 UTC - Size: 6.02 KB - 1095 views |
| [2022-03-15 19:31:46] |
| Matador Trader - Posts: 24 |
|
Then I would use the free indicator referenced by Tonkadad. I use it and it works as you need. I use it on 5pt range bars.
|
| [2023-02-16 18:20:08] |
| Maxpowers2k - Posts: 25 |
|
I just tried the Tonkadad, It will NOT work for 30 seconds, unless your chart is in 30seconds. SO same as the IB Study. Just to save time for anyone looking. |
| [2023-02-16 19:01:01] |
| Sawtooth - Posts: 4261 |
|
Use the Initial Balance study on a 30 sec chart, then overlay it with the Study/Price Overlay study on your regular chart.
|
| [2023-02-18 01:13:34] |
| User61168 - Posts: 444 |
|
If the need is to simply see the High/Low range for the first 30 seconds at session open then a simple "High/Low for Time Period" study will do what User449884 is looking for... just set the start and end time to 9:30:00 and 09:30:30 on a high/low input data. There is no need for initial balance.
|
| [2025-07-24 17:06:00] |
| sc-lv-0121 - Posts: 18 |
|
If the need is to simply see the High/Low range for the first 30 seconds at session open then a simple "High/Low for Time Period" study will do what User449884 is looking for... just set the start and end time to 9:30:00 and 09:30:30 on a high/low input data. There is no need for initial balance.
in this case it is not required to use the 30s TF right?
|
| [2025-07-24 18:20:20] |
| Sawtooth - Posts: 4261 |
|
in this case it is not required to use the 30s TF right?
You would still need to use a 30 sec chart.That study can't see what happened in a bar of a different duration. Overlaying from a 30 sec chart is the better solution. You could instead use the High/Low for Time Period - Extended if you want. Date Time Of Last Edit: 2025-07-24 18:20:30
|
| [2025-07-24 20:01:21] |
| User61168 - Posts: 444 |
|
Agree - As always, sawtooth is spot on :-)
|
| [2025-07-25 10:52:32] |
| sc-lv-0121 - Posts: 18 |
|
You would still need to use a 30 sec chart.
Thank you this is very helpful, I have to remind myself that every chart studies can only run on a single timeframeThat study can't see what happened in a bar of a different duration. Overlaying from a 30 sec chart is the better solution.
I am using currently that one on a 1000 ticks chart, since the study directly asks for start time and end time and "no bars", does it still needs to be operating on a 30s chart that will be overlayed?You could instead use the High/Low for Time Period - Extended if you want. Thank you |
| [2025-07-25 12:33:39] |
| Sawtooth - Posts: 4261 |
|
does it still needs to be operating on a 30s chart that will be overlayed?
Maybe, for the reason mentioned in post #11.It's not possible with to extract intrabar times from other bar types or durations that are longer than 30 seconds. If the first 30 seconds always spans more than one 1000 trades bar, you wouldn't need to use an overlay from a 30 sec chart. Date Time Of Last Edit: 2025-07-25 13:13:12
|
| [2025-07-25 15:20:56] |
| sc-lv-0121 - Posts: 18 |
|
It's not possible with to extract intrabar times from other bar types or durations.
Thank you again, so time doesn't exist on the charts for calculations except when the desired time matches the bar (or multiple of bars) so the calculations are made.Understood. Have a great weekend |
To post a message in this thread, you need to log in with your Sierra Chart account: