True Opens & Key Levels

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# True Opens & Key Levels - Standalone Indicator Guide

## Overview

This is a clean, focused indicator that displays only key level rays and true open levels. All impulsive series detection, FVG detection, and Fibonacci projections have been removed for a minimal, uncluttered chart experience.

---

## Features Included

### 📊 Previous Period Levels
- **Previous Day High/Low** - Daily reference points
- **Previous Week High/Low** - Weekly reference points
- **Previous Month High/Low** - Monthly reference points

### 🕐 Session High/Low Levels
- **NY AM Session** (9:30-12:00 ET) - Morning session range
- **NY Lunch Session** (12:00-13:30 ET) - Lunch hour range
- **NY PM Session** (13:30-16:00 ET) - Afternoon session range
- **London Session** (2:00-5:00 ET) - London trading hours
- **Asia Session** (20:00-00:00 ET) - Asian market hours

### 🎯 True Open Levels (NEW)
- **True Day Open** - Updates daily at 00:00 ET
- **True Session Open** - Updates every 6 hours (1:30, 7:30, 13:30, 19:30 ET)
- **True Week Open** - Updates every Monday at 18:00 ET

---

## Settings

### Key Level Rays Group

**Master Toggle:**
- Enable Key Level Rays (master on/off switch)

**Previous Period Levels:**
- Show Previous Day H/L
- Show Previous Week H/L
- Show Previous Month H/L

**Session Levels:**
- Show NY AM H/L (9:30-12:00 ET)
- Show NY Lunch H/L (12:00-13:30 ET)
- Show NY PM H/L (13:30-16:00 ET)
- Show London H/L (2:00-5:00 ET)
- Show Asia H/L (20:00-00:00 ET)

**True Open Levels:**
- Show True Day Open (00:00)
- Show True Session Open (6h intervals)
- Show True Week Open (Mon 18:00)

**Visual Settings:**
- High Level Color (default: red with 50% transparency)
- Low Level Color (default: green with 50% transparency)
- Open Level Color (default: blue with 50% transparency)
- Ray Line Width (1-5 pixels)
- Ray Label Size (tiny/small/normal/large)

---

## How It Works

### Level Behavior

**Session High/Low Levels:**
1. During session: Tracks the highest high and lowest low
2. After session ends: Draws horizontal rays extending right
3. When price hits level: Ray stops extending (hit marker)
4. Label updates position to stay at chart's right edge

**Previous Period Levels:**
1. At period change: Draws rays from previous period's H/L
2. Extends right until price hits the level
3. When hit: Ray stops extending
4. Label positions at midpoint of ray

**True Open Levels:**
1. At trigger time: Draws ray from opening price
2. Extends right until next trigger
3. Previous level is deleted when new one appears
4. Label stays at right edge of chart

---

## Color Scheme

### Three Color Categories:
1. **Red** - All HIGH levels (session highs, previous highs)
2. **Green** - All LOW levels (session lows, previous lows)
3. **Blue** - All OPEN levels (True Day/Session/Week Opens)

This makes it instantly clear what type of level you're looking at.

---

## Best Practices

### For Intraday Trading (1m-1H):
```
Enable:
✓ True Day Open
✓ True Session Open
✓ NY AM/PM H/L
✓ Previous Day H/L

Disable:
✗ Previous Week/Month H/L
✗ London/Asia sessions (unless trading them)
✗ True Week Open
```

### For Swing Trading (1H-4H):
```
Enable:
✓ True Week Open
✓ True Day Open
✓ Previous Week H/L
✓ Previous Day H/L

Disable:
✗ All session H/L
✗ True Session Open
✗ Previous Month H/L
```

### For Clean Charts:
```
Enable:
✓ True Day Open
✓ True Week Open
✓ Previous Day H/L only

Disable:
✗ Everything else

Result: Just 4 levels on chart - super clean!
```

---

## Level Update Schedule

| Level | Update Frequency | Time(s) |
|---------------------|------------------|-----------------------------|
| True Day Open | Daily | 00:00 ET |
| True Session Open | Every 6 hours | 1:30, 7:30, 13:30, 19:30 ET |
| True Week Open | Weekly | Monday 18:00 ET |
| Previous Day H/L | Daily | At day change |
| Previous Week H/L | Weekly | At week change |
| Previous Month H/L | Monthly | At month change |
| NY AM H/L | Daily | After 12:00 ET |
| NY Lunch H/L | Daily | After 13:30 ET |
| NY PM H/L | Daily | After 16:00 ET |
| London H/L | Daily | After 5:00 ET |
| Asia H/L | Daily | After 00:00 ET |

---

## File Size & Performance

- **File Size:** ~22 KB (less than half the size of full indicator)
- **Total Lines:** ~700 lines
- **Max Lines/Labels:** 500 (configurable in declaration)
- **Performance:** Lightweight, minimal CPU usage
- **Memory:** Efficient variable management

---

## Installation

1. Open TradingView
2. Open Pine Editor (Alt+E or bottom toolbar)
3. Click "Create new indicator"
4. Delete default code
5. Copy and paste contents of `TRUE_OPENS_KEY_LEVELS.pine`
6. Click "Save" and name it "True Opens & Key Levels"
7. Click "Add to Chart"

---

## Usage Tips

### 1. Start Minimal
Begin with just 2-3 levels enabled:
- True Day Open
- Previous Day High
- Previous Day Low

Add more as needed.

### 2. Color Customization
Adjust transparency for cleaner look:
- High Level: Red 60-70% transparency
- Low Level: Green 60-70% transparency
- Open Level: Blue 60-70% transparency

### 3. Multi-Timeframe Approach
Lower timeframes (1m-15m): Use True Session Open + NY session H/L
Mid timeframes (15m-1H): Use True Day Open + Previous Day H/L
Higher timeframes (1H-4H): Use True Week Open + Previous Week H/L

### 4. Line Width
For cleaner charts, use Line Width = 1
For emphasis, use Line Width = 2-3

### 5. Label Size
Smaller screens: Use "small" or "tiny"
Larger screens: Use "normal"
Presentations: Use "large"

---

## Advantages of Standalone Version

✅ **Cleaner Charts** - No detection lines or arrows
✅ **Faster Loading** - Less code to process
✅ **Easier Setup** - Fewer settings to configure
✅ **Pure Levels** - Focus only on key price levels
✅ **Less Distraction** - No moving parts during trading
✅ **Perfect for Combining** - Use with other indicators without clutter

---

## Combining with Other Indicators

This lightweight indicator works great alongside:
- RSI / Stochastic (oscillators)
- Moving Averages (trend)
- Volume Profile (structure)
- VWAP (intraday reference)
- Your own custom indicators

The minimal chart footprint leaves room for additional tools.

---

## Time Zones

All times are in **Eastern Time (ET)**. TradingView automatically converts to your local timezone, so you don't need to manually adjust anything.

**Example Conversions:**
- 00:00 ET = 05:00 UTC
- 18:00 ET = 23:00 UTC
- 13:30 ET = 18:30 UTC

---

## Support & Updates

This is a standalone version of the True Opens & Key Levels from the full GOTE Indicator. It contains only the level detection code with all series detection removed.

**Version:** 1.0
**Pine Script Version:** 6
**Last Updated:** November 8, 2025

---

## Quick Reference Card

```
╔══════════════════════════════════════════════════════════╗
║ TRUE OPENS & KEY LEVELS - QUICK REFERENCE ║
╠══════════════════════════════════════════════════════════╣
║ ║
║ 📊 PREVIOUS PERIODS ║
║ • Previous Day/Week/Month High/Low ║
║ • Updates at period change ║
║ ║
║ 🕐 SESSION LEVELS ║
║ • NY AM/Lunch/PM, London, Asia H/L ║
║ • Updates after each session ║
║ ║
║ 🎯 TRUE OPENS ║
║ • True Day: Daily 00:00 ET ║
║ • True Session: 1:30/7:30/13:30/19:30 ET ║
║ • True Week: Monday 18:00 ET ║
║ ║
║ 🎨 COLORS ║
║ • Red = Highs • Green = Lows • Blue = Opens ║
║ ║
╚══════════════════════════════════════════════════════════╝
```

---

**Ready to trade with clean, focused key levels!** 🎯

قبل ٤ أيام

ملاحظات الأخبار

Key Levels v2