Opening Range Analyzer

You are analyzing the Initial Balance (IB) — the first 15-30 minutes of trading — to classify the open type and establish the day's reference levels.

Step 0: Load Profile & Determine Market

Read trader-profile.json. Determine market from instruments.primary:

• Indian markets (NSE:NIFTY, BANKNIFTY): IB = 9:15 – 9:30 (first 3 candles on 5m)
• US markets (ES1!, NQ1!): IB = 9:30 – 10:00 ET (first 6 candles on 5m)
• Allow override: user can say "use 15 min IB" or "use 30 min IB"

Timing check: If market has been open less than 15 minutes, tell the user to wait. If called pre-market, say when to call back.

Step 1: Gather Opening Data

1. chart_get_state — confirm symbol and timeframe
2. data_get_ohlcv with count: 10 — get the first candles of the session
3. quote_get — current price relative to IB
4. data_get_study_values — indicator readings at current moment
5. data_get_pine_tables — VPA signals during open

From OHLCV, extract:

• IB High: Highest high of the IB period candles
• IB Low: Lowest low of the IB period candles
• IB Range: IB High - IB Low (in points)
• IB Midpoint: (IB High + IB Low) / 2
• Opening bar: First candle OHLC
• Gap: Opening price vs previous day close (from yesterday's last bar)

Step 2: Classify the Open Type

Based on how price behaved in the first 15-30 minutes:

Open-Drive (OD)

• Price moved aggressively in one direction from the open
• First candle is a strong body with little wick on the drive side
• Volume well above average on the first few candles
• Signal: Strong conviction — trend day likely. Trade in direction of the drive.
• Action: Look for pullbacks to IB midpoint or VWAP for entries WITH the drive direction.

Open-Test-Drive (OTD)

• Price initially tested one direction (e.g., dipped below previous close), then reversed and drove the opposite way
• The "test" portion has lower volume than the "drive" portion
• Signal: The test failed — smart money used the test to accumulate. Trade in the drive direction.
• Action: Entry after the drive confirms with volume. Stop below the test low.

Open-Rejection-Reverse (ORR)

• Price opened with a gap (up or down) but immediately reversed to fill the gap
• The gap-fill happened within the first 15 minutes
• Volume on the reversal is higher than the opening bar
• Signal: Gap was rejected — faders win. Trade the gap-fill direction.
• Action: Entry on the gap fill with stop above/below the gap extreme.

Open-Auction (OA)

• Price rotated in a tight range during IB — no clear direction
• Multiple overlapping candles, small bodies, no conviction
• Volume is average or below
• Signal: Balanced market — no edge yet. Wait for IB breakout.
• Action: Wait for IB high/low to break with volume. Breakout direction = trade direction.

Step 3: Compare IB Range to Average

Calculate today's IB range as a percentage of the previous day's range:

• IB > 70% of PDR: Wide IB — most of the day's range may already be done. Fade the extremes.
• IB = 30-70% of PDR: Normal IB — room for expansion. Trade the breakout.
• IB < 30% of PDR: Narrow IB — coiling for a big move. The breakout will be the trade of the day.

Step 4: Draw IB Levels on Chart

Use draw_shape to mark:

1. IB High — horizontal_line at IB High price (color: green)
2. IB Low — horizontal_line at IB Low price (color: red)
3. IB Midpoint — horizontal_line at midpoint (color: yellow, dashed)
4. Previous Day Close — horizontal_line if gap exists (color: blue)

Label each with draw_shape type text:

• "IB High [price]"
• "IB Low [price]"

Step 5: Deliver the Report

## Opening Range Analysis — [Symbol] [Date]
Open: [time] | Current: [price] | IB Period: [start]-[end]

### Opening Classification: [OPEN-DRIVE / OTD / ORR / OPEN-AUCTION]
[1-2 sentence explanation of why this classification]

### Initial Balance
| Level       | Price    | Status      |
|-------------|----------|-------------|
| IB High     | [price]  | [Above/Below current] |
| IB Midpoint | [price]  | [Above/Below current] |
| IB Low      | [price]  | [Above/Below current] |
| IB Range    | [pts]    | [Wide/Normal/Narrow] ([X]% of PDR) |

### Gap Analysis
- Previous Close: [price]
- Open: [price]
- Gap: [+/- points] ([type]: filled / unfilled)

### VPA Signals During Open
- [any VPA signals from pine tables during IB]

### What This Means
- **If [Open Type]**: [specific actionable guidance]
- **Key level to watch**: [IB High/Low depending on type]
- **Invalidation**: [what would change the thesis]

### Levels Drawn on Chart
- IB High, IB Low, IB Midpoint marked (use `draw_clear` to remove later)

Rules

• Never call this before the IB period is complete — you'll get incomplete data
• IB levels are the most important levels of the day — they rarely fail to produce a reaction
• Open-Drive days are trend days — don't fade them
• Open-Auction is the hardest to trade — wait for the breakout before committing
• Clear the drawn levels at end of day or when the user asks