OPEN-SOURCE SCRIPT
Updated NQ 5x Daily Session lines fixed + Previous Close
This indicator is designed specifically for Nasdaq (NQ) and US Index traders who prioritize time-based liquidity levels and session transitions. By plotting five critical opening prices, it provides a visual map of where institutional orders are likely clustered and where "True Day Opens" occur across different time zones. The colours of the lines can be change individually.
Key Levels Tracked:
Daily Open: The baseline for the current day's price action and bias.
Daily Close: the dashed line marks the close price of the day. (helpful if gaps appear)
08:00 CET (London/Frankfurt Open): Marks the start of the European cash session, often setting the initial volatility for the morning.
10:00 CET (US Pre-Market Stage 1): The beginning of the early US pre-market, capturing the first wave of American institutional positioning.
14:00 CET (Pre-Open Liquidity): A high-impact window where liquidity surges in US Index Futures as New York traders "power up" before the bell.
15:30 CET (NYSE/Nasdaq Opening Bell): The official start of the US Main Session, defining the most significant volume profile of the day.
Why Use This?
Trading the Nasdaq is often a game of mean reversion or expansion from specific opening prices. These lines act as support and resistance levels. When price sustains a move above or below these specific time-opens, it often signals the dominant trend for that session.
Key Levels Tracked:
Daily Open: The baseline for the current day's price action and bias.
Daily Close: the dashed line marks the close price of the day. (helpful if gaps appear)
08:00 CET (London/Frankfurt Open): Marks the start of the European cash session, often setting the initial volatility for the morning.
10:00 CET (US Pre-Market Stage 1): The beginning of the early US pre-market, capturing the first wave of American institutional positioning.
14:00 CET (Pre-Open Liquidity): A high-impact window where liquidity surges in US Index Futures as New York traders "power up" before the bell.
15:30 CET (NYSE/Nasdaq Opening Bell): The official start of the US Main Session, defining the most significant volume profile of the day.
Why Use This?
Trading the Nasdaq is often a game of mean reversion or expansion from specific opening prices. These lines act as support and resistance levels. When price sustains a move above or below these specific time-opens, it often signals the dominant trend for that session.
Release Notes
Update on the 9th August 2026:
- Colour and style of each line can be changed
- Every line can be turned ON and OFF
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.