The Open, the Prior Close, and the Midpoint Between Them
Marks the New York open, the prior session's 16:14 close, and the 50% midpoint between them.
Before you start: No prior concept needed.
Part of the My Edge Official framework — refined through thousands of hours of chart study.
Two references, one script: the exact price the New York session opened at, and the exact price the prior session's 16:14 candle closed at — plus the 50% midpoint between them, drawn automatically every single trading day.
- Overview
- The code
Want all five indicators? Check out the All Indicators bundle and save.
Refund policy: Digital content unlocks immediately after purchase, so under EU consumer law the sale is final once delivered — read the description carefully before buying. Billing errors or access issues are always sorted out individually. Full terms.
Frequently Asked Questions
What does the NY 09:30 Open + Previous 16:14 Close script draw?⌄
It draws three dashed lines each day — the 09:30 New York open, the prior session's 16:14 close, and the 50% midpoint between them (labeled "50% C.E."), all computed from precise 1-minute data.
Which of the three lines should I actually watch first?⌄
The 50% midpoint ("C.E.," consequent encroachment) is frequently the more meaningful reaction level of the three — treat the open/close lines as the boundaries of the range and the midpoint as the level worth watching first.
How far forward do these lines extend?⌄
Only across the current day, from 09:30 to the next midnight — that's intentional, since these are meant to be read as same-day reference levels rather than carried forward indefinitely.
Does this replace tracking the RTH Opening Gap separately?⌄
No — this script provides the exact levels, while the RTH Opening Gap concept explains the theory behind why the 09:30 open specifically matters; the two are meant to be used together.