Open Range Volatility (High/Low %)

Overview
The Open-to-High/Low Movement Indicator helps traders visualize the percentage change between the opening price and the highest & lowest points of each trading session. This indicator is particularly useful for identifying intraday volatility, momentum strength, and potential reversals.

Key Features
✅ Real-Time High/Low Percentage Movement – Calculates and plots the percentage movement from the opening price to both the session high (green line) and session low (red line).
✅ Separate Chart Pane – Keeps your main price chart clean while displaying movements in a separate panel.
✅ Zero Reference Line – Helps distinguish upward and downward movements.
✅ +10% and -10% Threshold Lines – Assists in identifying significant price swings.
✅ Customizable & Lightweight – Efficiently tracks market movements without slowing down your chart.

How to Use
When the green line moves higher, it indicates strong buying pressure after the open.

When the red line moves lower, it shows selling pressure from the open price.

If movements stay within a small range, the market is experiencing low volatility.

Extreme movements beyond ±10% can indicate potential breakout or reversal zones.

Best for:
📈 Day traders tracking intraday momentum
📊 Swing traders spotting volatility trends
⚡ Scalpers identifying quick price movements
💡 Volatility-based strategies

This indicator works across all timeframes and asset classes, including stocks, forex, commodities, and crypto.

🚀 Add this to your chart today and stay ahead of the market!