An Open Range Indicator for use with TradingView
Traditional markets have the advantage of being closed on weekends and/or overnight so opening ranges are easily recognisable
Identifying the same for a market that never sleeps requires investigation
I have found that the price range which forms on Monday’s between 8am and 12pm (UK Local Time) is pivotal for Bitcoin
And it shares the characteristics of opening ranges in traditional markets
So can be used on an intra-week basis to chase breakouts, identify SR, flip bias and trade invalidation
This indicator plots that range and can be used on Tradingview
LINK TO INDICATOR ON TRADING VIEW: Bitcoin Open Range
