OPEN-SOURCE SCRIPT

Range Trading Strategy

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This indicator automatically marks the intraday trading range defined by the first four hours of the New York session (6:00 AM to 10:00 AM EST/EDT).

It calculates the highest high and lowest low within that window on a user-selected calculation timeframe, then projects those levels forward as horizontal lines that remain visible across any chart timeframe.

The lines can be displayed in real time while the window is forming or locked once the session ends, and optional price labels and background shading make the range easy to track.

Traders can use these reference levels to monitor potential breakout or reversal zones, manage risk, and plan entries/exits relative to the early session’s defined support and resistance.

For training check this video youtu.be/O5eC5lY7ZXY?si=wtKh-628An6R2MhF

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