LEVEL 3 · Market Structure & Order Flow · LESSON 12
Opening Range
Observe the High, Low, and Mid formed during a chosen time window without treating them as directional signals.
LEARNING OBJECTIVE
Define a time window and explain Opening Range High, Low, and Mid.
IN ONE SENTENCE
An Opening Range records the price span formed during a time window chosen in advance. Jason Opening Range displays that window's High, Low, and midpoint on the chart.
Basic concepts
RangeExplainClose
The span between the highest and lowest prices observed during the selected start and end times.
MidpointExplainClose
The arithmetic midpoint between the range's High and Low.
Software walkthrough
Menu placement may vary by platform version. Use the current official guide when a label differs.
- 01
Step 01
Check the chart time zone, session template, and selected start and end times.
Check: Check High ≥ Mid ≥ Low and separate Sessions.
- 02
Step 02
Add the indicator and compare its High, Low, and Mid with the underlying chart data.
Check: Check High ≥ Mid ≥ Low and separate Sessions.
- 03
Step 03
Use the extended lines as market-structure references, alongside broader context.
Check: Check High ≥ Mid ≥ Low and separate Sessions.
Concept diagram
Study scenario
Mark an example 09:30–10:00 window and extend levels to describe structure only.
The time window depends on the market and the user's study plan. The indicator does not generate trade recommendations.
Common mistakes
Issue: Time zone or Session shifts the range.
Check the input, version, session, data, or setting that controls this behavior.
Issue: Bars outside the window are included.
Check the input, version, session, data, or setting that controls this behavior.
Lesson summary
- 01
Time zone defines the window.
- 02
Extremes come from in-window bars.
- 03
Extended lines show structure.
PRACTICE EXERCISE
Check independent resets across two historical days with Jason Opening Range.
Use static, historical, or browser-local sample data only.
OFFICIAL REFERENCES
Checked against public documentation
This lesson paraphrases official material. Check the installed version for current interface details.
Education note
Software and market education only. No direction signals, live order instructions, or performance claims.
Trademark and independence
NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.