OPEN-SOURCE SCRIPT
It's Sunday and 2300UTC
Updated
CME bitcoin trading opens at 5p.m. CT (UTC-6) on Sunday. This translates to 2300 UTC.
cmegroup.com/education/bitcoin/cme-bitcoin-futures-frequently-asked-questions.html
Orange: CME open hour candle's range is smaller than the previous hourly candle
Fuchsia: CME open hour candle's range is larger than the previous hourly candle
If there is a blue highlight after CME open, that means the candle after the open has a larger range. Otherwise there is no highlight.
cmegroup.com/education/bitcoin/cme-bitcoin-futures-frequently-asked-questions.html
Orange: CME open hour candle's range is smaller than the previous hourly candle
Fuchsia: CME open hour candle's range is larger than the previous hourly candle
If there is a blue highlight after CME open, that means the candle after the open has a larger range. Otherwise there is no highlight.
Release Notes
Added notesRelease Notes
Added helpful labels that are default off.If CME candle open's range is larger than the candle before it, a label will pop up. Otherwise there will be no label. The same logic applies to the candle after it (the blue highlight).
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
My published indicators: tradingview.com/u/NeoButane/
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Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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