summary: the Opening Candle Continuation report shows how sessions perform based on the opening candle's direction and size — here's what you need to know.
key terms
session color (green or red): green = session close is above session open. red = session close is below session open.
opening candle color: determined when the opening-candle time range ends. green = candle closes above its open. red = candle closes below its open.
opening candle size: measured from open to close, not high to low. this reflects the actual move from open to close, which is what matters for execution.
green or red days
definitions vary by report:
some measure from previous close to current close
others measure from session open to session close
check the report's definition for clarity.
interpreting biases
the report's bias comes from historical session studies, assuming a standard session open time (like 9:30 a.m. for US markets).
if your candles start at a different time (like 9:00 a.m.), the bias reading might be wrong. match your instrument settings to the actual session open time.
what the report covers
this report shows probabilities based on opening candle direction and how the session closed relative to the opening range.
it does NOT provide stop-loss or risk management guidance. use it for probability insights only.
example: asia session
a "green day" means the entire Asia session closed with close above open — not whether final price exceeded the Asia session's opening level.
troubleshooting
bias looks wrong? check your platform's session open timing. ensure it matches the report's assumptions (typically 9:30 a.m.).
measuring manually? always use open-to-close, not high-to-low, to match the report's data.