OPEN-SOURCE SCRIPT
Updated X ORT
X ORT — Opening Range & Time Reference Tool
Overview
The X ORT indicator is a precision tool designed for intraday traders seeking to anchor their trading decisions to high-probability price levels. It captures key market reference points including Opening Ranges, Settlement Prices, and Time-Specific Opens, all based on New York time, to help identify potential pivots and directional bias in the market.
Key Features & Usage
🔹 Opening Range Boxes (ORs)
The indicator defines up to two customizable Opening Ranges (e.g., 9:30–9:59 and 8:20–8:49 ET). Each range dynamically tracks the high, low, and midpoint price as the session unfolds, and continues to extend those levels forward throughout the day.
Use as Pivots: The high and low of the Opening Range often act as intraday support and resistance zones. A breakout above the ORH (Opening Range High) may signal bullish intent, while a drop below the ORL (Opening Range Low) may suggest bearish momentum.
Use for Directional Bias: If price remains above or below the range after completion, it may indicate a continuation in that direction. The midpoint (dashed line) serves as a mean-reversion or fair value pivot.
🔸 Settlement Price Anchors
The indicator optionally plots Daily, Weekly, and Monthly Settlement Prices, which are significant institutional reference points.
Use as Market Anchors: Settlement prices are often used by professionals to gauge positioning. Price acceptance above or below settlement can signal strength or weakness and guide directional trades.
Historical weekly and monthly settlements help define multi-day or swing levels for broader context.
🔹 Time-Based Open Levels
X ORT also draws horizontal lines at the open price of specific time points: Midnight, 8:30 AM, 9:30 AM, and 1:30 PM ET.
Use for Session Anchors: These reference opens are useful for understanding session shifts, aligning with key economic releases (like 8:30 AM), and gauging session-to-session continuity.
Why Use X ORT?
Objective Structure: Provides rule-based levels to avoid emotional trading.
Visual Clarity: Transparent, extendable boxes and labeled lines help traders focus on key decision zones.
Multi-Time Context: Blends intraday and higher timeframe levels to support short-term and swing traders.
Whether you're breakout trading, fading range extremes, or gauging market bias, X ORT offers a reliable structural foundation that aligns with how professionals track price behavior throughout the trading day.
Overview
The X ORT indicator is a precision tool designed for intraday traders seeking to anchor their trading decisions to high-probability price levels. It captures key market reference points including Opening Ranges, Settlement Prices, and Time-Specific Opens, all based on New York time, to help identify potential pivots and directional bias in the market.
Key Features & Usage
🔹 Opening Range Boxes (ORs)
The indicator defines up to two customizable Opening Ranges (e.g., 9:30–9:59 and 8:20–8:49 ET). Each range dynamically tracks the high, low, and midpoint price as the session unfolds, and continues to extend those levels forward throughout the day.
Use as Pivots: The high and low of the Opening Range often act as intraday support and resistance zones. A breakout above the ORH (Opening Range High) may signal bullish intent, while a drop below the ORL (Opening Range Low) may suggest bearish momentum.
Use for Directional Bias: If price remains above or below the range after completion, it may indicate a continuation in that direction. The midpoint (dashed line) serves as a mean-reversion or fair value pivot.
🔸 Settlement Price Anchors
The indicator optionally plots Daily, Weekly, and Monthly Settlement Prices, which are significant institutional reference points.
Use as Market Anchors: Settlement prices are often used by professionals to gauge positioning. Price acceptance above or below settlement can signal strength or weakness and guide directional trades.
Historical weekly and monthly settlements help define multi-day or swing levels for broader context.
🔹 Time-Based Open Levels
X ORT also draws horizontal lines at the open price of specific time points: Midnight, 8:30 AM, 9:30 AM, and 1:30 PM ET.
Use for Session Anchors: These reference opens are useful for understanding session shifts, aligning with key economic releases (like 8:30 AM), and gauging session-to-session continuity.
Why Use X ORT?
Objective Structure: Provides rule-based levels to avoid emotional trading.
Visual Clarity: Transparent, extendable boxes and labeled lines help traders focus on key decision zones.
Multi-Time Context: Blends intraday and higher timeframe levels to support short-term and swing traders.
Whether you're breakout trading, fading range extremes, or gauging market bias, X ORT offers a reliable structural foundation that aligns with how professionals track price behavior throughout the trading day.
Release Notes
control over time line colorRelease Notes
clean upRelease Notes
one more clean upRelease Notes
added ability to turn Settlement labels on/offRelease Notes
clarified 'show historical' option that it is only specific to OR. all other elements historical data is shown by default Release Notes
added 3 anchored VWAP options. Release Notes
added control over color of OR mid-line that is dashed Release Notes
OR color controls for fill, HL lines and mid line Release Notes
added open prices and cleaned up settlement labels. Adjusted AVWAP options. THe ETH open is from 8pm not 6pm as TV makes it difficult to start before UTC-0Release Notes
add bands to first AVWAP Release Notes
clean up Release Notes
created setting to easy switch between dark mode and light mode for specific lines and labels. added control over OR HL lines and label visibility
reformatted AVWAP control panel and added 3 bands.
Release Notes
clean up OR fib colorOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.