How to create a 30 Second Opening Range Indicator

How to create a 30 Second Opening Range Indicator

Opening Range Indicator

This article will show you how to create an opening range to populate on the Chart and DOM.  An opening range will show the high and low of the time you configure.  For example, a 30 second opening range will populate the high and low price during the first 30 seconds of the trading day.

Opening Range on the Chart

Please find the steps below:
  1. The first step is to add the OHLC indicator on the chart
    1. Study => All Studies => OHLC

    2. Click, "OK"
  2. Under the "General" tab, make sure you check the display boxes for the Opening Range High and Opening Range Low:

    1. You can choose to have the opening range in seconds or minutes

    2. You can also change the color of the opening range, thickness of the line, and line type:

  3. In order to enable a 30 second opening range, change the Opening Range to 30 and the drop down as seconds:

  4. Finally, select "Create" to enable the 30 second opening range

Opening Range on the Depth of Market

In order to enable the opening range on the DOM, please follow the below steps:

  1. Click on the cog symbol on the top right hand corner of the DOM:

  2. Form here, a the DOM Preferences window will appear.  Click on the Price Column within the DOM Preferences and enable the Opening Range indicator:

  3. You can choose to have the opening range in seconds or minutes.  In this example, we will choose a 30 second opening range:

      1. Once configured, click "Apply" then "OK"

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