This indicator calculates and plots a session-based volume profile directly on the price chart. It maps volume distribution across price levels, highlighting key structural reference points including the Point of Control, Value Area High, and Value Area Low. C
Indicator · Pine Script v6 · On the chart
Aivance Opening Range & Vol Factor
Aivance Opening Range & Vol Factor identifies the first candle of each new trading day, plotting its high, low, open, and close levels with colored boxes and lines directly on the chart.
GitHub stars7on the repository
Pine versionv6current
Lines of code116
Settings7inputs
LicenceNone stated
Last update3 months ago24 Jul 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Aivance Opening Range & Vol Factor calculates a Volume Factor percentage by comparing the opening bar volume to the previous day's accumulated volume, displaying the result in an overhead label. An optional pullback setting requires the immediate subsequent candle to close in the opposite direction before rendering the range.
- Daily opening candle range visualization
- Session volume factor calculation relative to previous day
- Optional subsequent pullback confirmation filter
- Configurable box, line, and label styling
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Sessions & time, Volume, Support & resistance
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Color Long (Light Blue) | color | color.new(#29b6f6, 80) | colorLong |
| Color Short (Orange) | color | color.new(#ffb74d, 80) | colorShort |
| Line Color | color | color.new(color.gray, 50) | lineColor |
| Show Volume Factor? | bool | true | showVol |
| Text Color | color | color.white | textColor |
| Text Size | string | size.normal | textSize |
| Show only on Pullback? | bool | false | usePullback |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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