Opening Range Indicator

Hameral Opening Range plots the Opening Range High/Low + Mid and visually fills the range, then extends it forward so you always trade with the day’s most important structure on screen.

Opening Range Indicator

✔️LifeTime License  ✔️  Free Updates   ✖️ No Order Flow+ Needed

150,00 €

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for New NinjaTrader Users Registering Through our Link

(without advanced functions VP, Delta)

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Description

The first minutes of the session often define the entire day’s structure: where price accepts, where it rejects, and what levels get defended. Hameral Opening Range automatically builds that structure for you by tracking the high and low between your chosen start/end times, plotting a midline, and adding a clear visual fill so the range is instantly readable at a glance.

Unlike basic OR tools that leave messy drawings or extend incorrectly across weekends, this indicator includes a robust “NextRange” extension mode that handles session changes properly (yes — Friday to Monday works cleanly). You can also limit how many sessions are shown with Days To Display, keeping your charts fast and uncluttered.

Result: a cleaner chart, faster decision-making, and a reliable OR framework you can use for breakouts, fade setups, or bias confirmation.

Features & Setups

Core Levels

  • Opening Range High (ORH) line
  • Opening Range Low (ORL) line
  • Midline (optional) for balance / mean reference

Visual Range Fill (Two-Stage Fill)

  • Fill inside the OR window (Start → End) with customizable color & opacity
  • Different fill for the extension area (End → extended end) with separate post-fill color & opacity
  • Makes it visually clear what was the true opening range versus what is extension

Advanced Analysis Features:

  • Volume Profile for the selected time period, allowing you to identify reactions around POC, VAL, and VAH
  • Delta Bars for the selected time range
  • Total Delta for the selected time range, helping you evaluate market aggression at the open. Many traders use this as confirmation: when strong cumulative delta is followed by a clean breakout, it can support continuation in that direction.
    Example: strong negative cumulative delta combined with a downside break and aggressive candles may indicate bearish intent.
  • Range extension lines for target projection, with default levels at 100%, 200%, and 300% of the range

Extension Modes (Key Differentiator)

Choose how far the Opening Range levels project:

  • None: Draws levels only until the OR end time.
  • End of Session: Extends levels until the trading session closes.
  • NextRange (Smart Mode): Extends previous session levels until the next session’s OR start.
    • Handles weekends and holidays correctly
    • Prevents broken extensions and overlapping drawings

Labels & Readability

Optional labels printed at the end of the range:

  • ORH (Opening Range High)
  • ORL (Opening Range Low)
  • Clean, consistent drawing tags to keep your chart organized and professional

History Control (Clean Charts)

  • Days To Display: Define how many past sessions remain visible
  • 0 = Show all loaded history
  • Automatically removes older drawings to reduce clutter and improve performance

Fully Customizable Styling

Independent control for complete visual flexibility:

  • Line Colors
  • Line Styles (solid / dash)
  • Line Widths
  • Fill Colors & Opacity (Opening Range window and extension area)

Examples

How Traders Use Hameral Opening Range

  • Breakout Trades: Enter when price accepts above ORH or below ORL.
  • Rejection (Fade) Setups: Trade failed breakouts when price sweeps OR levels and returns inside the range.
  • Midline Bias: Use the midline as a quick balance/rotation guide to identify balanced vs. trending sessions.

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