Mach4-1 abbreviated?
For (#7296) "the horizontal line drawn on the chart..not the last price line", I presume that you mean the price at NY market open and not the day session open price?
In your answer (#7302) to Onra you say that the 'small box' has a narrow time range with the line in the middle of the box. I suspect you mean something like, trade the first hour after market open in the direction of a breakout of a small price range about the open price. The open price being at 9:30am NY time, similar to what you suggested a few years back for trading the US30 at market open. Is that what you are getting at here?
No doubt you won't approve of the broker that I use, FXCM, but their charts are clear and their SPX500 is apparently 'based' on the E-mini.
I have an 8 time frame chart simliar to the one you did but for a detailed view I have just 3 time frames, the charts are tabs on the task bar so its very quick to switch between them.
In the chart the day session open is at 11pm UK time (6pm NY time) is the dashed line, and the prior day high and low are the solid yellow lines. An indicator plots those lines automatically and if a daily time frame is specified it uses the day session open price. Obviously the US market open is a major event after which prices can move, but there are others such as last Friday at 1:30pm UK time (8:30am NY) when the announcement of Average Hourly Earnings, Non-Farm Employment Change, Unemployment Rate. In the long term the bias seems to be up, add to to that the optimism of coming out of the coronavirus crisis would seem to give a long bias to trading, but for short term day trading it can still easy to get caught out.
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