This script plots the high/low of any custom session and extends it until the daily close. It does not show on the timeframe higher than the length of custom opening session by default. The time period of opening range & the max timeframe to display it on can be adjusted from the settings. So for eg. if want to use 5m ORB to trade, then set "ORB total time"...
High & Low Of Custom Session - OpeningRange Breakout (Expo) prints the high and the low of a custom session. I use the indicator to trade the re-test of opening range (high/low) as well as breakouts from the opening range. The same logic can be applied to the session you have chosen. HOW TO USE 1. Use the indicator to trade the re-tests of the session...
ORB 5 Min With Pre Market Data Opening Range 5 Minute Chart - set chart to 5m - enable pre market data (if using with tradingview, if not use my other script) - add your other indicators you like
#Let the index/stock trade for the first fifteen minutes and then use the high and low of this "fifteen minute range" as support and resistance levels. #A buy signal is given when price exceeds the high of the 15 minute range after an up gap. #A sell signal is given when price moves below the low of the 15 minute range after a down gap. #It's a simple technique...
When indicator line shows rising trend, it means market has been good candidate for Intra-day ORB trading strategy. Indicator measures market's tendency of uni-directional moves during intra-day. Markets with rising indicator line can be used for Intra-day ORB trading in anticipation of continuing its past tendency to show intra-day unidirectional moves.
ORB Opening Range Breakout 5 and 3O Minute Indicator Kudos to Chris Moody for the inspiration to create my first indicator. The 5 and 30 run together at times but the scalp would be when the equity breaks the 5 go long or short for the scalp and when it breaks the 30 go for the swing trade.