Visualizing the U.S. Pre-Market Range as an Opening-Range Indicator

Summary

This chart indicator marks the U.S. pre-market interval with a rectangle spanning its observed high and low. It also displays the range size and the high and low values, then extends horizontal levels from those boundaries through the later U.S. session. These levels can be read as potential resistance and support, making the display useful for monitoring how subsequent prices interact with the pre-market range. The example is configured around a 90-minute interval represented by eighteen five-minute candles and includes options to show or hide labels and segments, adjust text transparency, and offset labels from the range.

The document explains a visualization rather than a tested trading strategy. It supplies no evidence that breaks, holds, or reversals at these levels predict profitable trades, and it gives no execution rules, transaction-cost analysis, or risk controls. The stated times are tied to a particular session schedule and chart setup; users would need to align them with their market’s timezone, daylight-saving changes, and instrument trading hours. The indicator’s usefulness therefore depends on correct session configuration and independent validation.

Key ideas

• The indicator draws a rectangle around the selected pre-market high-low range.
• It labels the range size and boundary prices, then extends the high and low as session levels.
• The example defines the range using eighteen five-minute candles.
• Display options control labels, boundary segments, transparency, and label spacing.
• The document provides no strategy performance evidence, and session times require market-specific adjustment.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.