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30 secs opening range

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[2022-03-15 14:50:21] #1 [Go To First Post]
User449884 - Posts: 170
Hello, Does anyone have a study to share on how to add the 30 secs opening range? thanks

[2022-03-15 14:57:17] #2 [Go To First Post]
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] #3 [Go To First Post]
Tonkadad - Posts: 235
https://www.simplesystemtrading.com/trading-the-opening-range/

[2022-03-15 18:55:00] #4 [Go To First Post]
User907968 - Posts: 840
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 - 1008 views

[2022-03-15 19:31:46] #5 [Go To First Post]
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] #7 [Go To First Post]
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] #8 [Go To First Post]
Sawtooth - Posts: 4224
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] #9 [Go To First Post]
User61168 - Posts: 442
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.

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