Opening Range Breakout (and price targets)This Opening Range Breakout indicator stands apart from others for several reasons. Apart from displaying the opening range high and low on a chart, the script also plots customized potential price targets ( different from any other on TradingView! ) for breakouts and breakdowns in price action. These customized targets can be toggled on and off in the input section of the indicator's settings.
With regard to the indicator itself, it has two other key inputs, the "ORB total time (minutes)" and "ORB Timeframe". The first input sets the maximum number of minutes to be used in the calculation of the opening range, and the second input sets the specific time frame when the opening range is calculated. The script plots the opening range high and low on the chart as two separate lines with the high in blue and the low in white, and these lines dynamically change color of the high to green and the low to red if the current price is above or below the opening range, respectively.
The script starts by calculating whether or not the current bar falls within the specified time frame. It then sets the initial values of the opening range high and low, and continuously updates these values if the current bar's high or low is higher or lower than the previous values, respectively. The updated values are then plotted on the chart with the specified style and color.
Traders may use the ORB Indicator to trade breakouts and breakdowns of the opening range. If the price breaks above the opening range high, traders may look to enter long positions, and if the price breaks below the opening range low, traders may look to enter short positions. The customized price targets may be consulted for potential areas to take profit. The color change of the high and low lines can provide additional confirmation of a potential breakout or breakdown, adding to the strength of the trade setup. It is important to note that the ORB Indicator does not guarantee success, and traders should always consider other technical and fundamental factors before entering a trade.
Users can also create alerts for when price breaks above or below the opening range. This will provide up-to-date live alerts for traders who cannot be staring at their screens all day long.
Orb
Orb breakout Buy condition =>ORB range 9:20-9:25. On 5 min TF if candle breaks high and next candle break high of that candle. buy signal when third candle breaks high of 2nd candle
Sell condition=>ORB range 9:20-9:25. On 5 min TF if candle breaks low and next candle break low of that candle. sell signal when third candle breaks low of 2nd candle
this indicator is extended version of my previous indicator i got a comment request from @RISHISAKHARE to devlope indicator based on above mention rule ....
AutoLevelsAuto Levels is a Work in progress.
It is based on the previous days ATR and the current days opening tick.
It takes that info and uses Fibonacci to automatically draw key levels for the day.
I have added the BULL BAR ( Green bar ) and Bear Bar ( Red Bar ) to signal as a Go Long / Go Short line in the sand.
The Tan bars are also proven key "Take Profit" levels.
These are, on average, major points of reversals, dip buys or consolidation.
I use this on the 5min timeframe and a close above or below a key level is my signal and direction. Auto Levels have proven to be a great indicator of major support and resistance.
Buy and Sell Indicator This indicaor is draw time(ex 09:15 nifty 50) high and low of candle ..
for buy condition -
1) when price is crossing time candle high open a long trade
2) check for condition is this trade open less thn previous trade
if both condition are true thn open a buy trade
for sell condition -
1) when price is crossing time candle low open a short trade
2) check for condition is this trade open grater thn previous trade
if both condition are true thn open a sell trade
to build logic of 2nd condition @fikira help me thnx mate ...
Opening Range with Infinite Price TargetsOpening Range with Infinite Price Targets is an ORB indicator that automatically generates price targets into infinity based on a user-defined % of range.
This indicator includes many nice-to-have features missing from other indicators. Such as:
Price Target Labels with Price tooltip, want to know exactly what price pt3 is at? Hover over it and see.
Custom Defined Range time, Set your Range Start and end time to whatever you need, Doesn't have to be pinned to opening range!. Note: Time is in chart time.
Historical View (Default off), Tired of your chart looking messy with a ton of lines from historical data? No problem! You can choose to view or not view historical data.
Alerts for Range Breaks, First Range Breaks, and Discovery Price Target hits. As well as Exported Values for Range High, Low, and Mean to set your own alerts from custom sources.
Custom Price Targets, set your price targets to a % of the range based on your own strategy.
Last but not Least, Infinitely Generating Price Targets. They just keep building. New Targets will be generated when the price closes above/below the current farthest target.
Enjoy!
Opening Range Breakout with Price TargetsJust publishing a version of the script amitgandhinz already created, which is amazing.
Added fib levels that amitgandhinz already started but commented out
Added mid point that is often found effective as a starting point, SL, etc
iBox, Initial Balance | IB High, Low, Midpoint | OpeningThis Indicator will print basically 4 lines.
You have to understand the importance of the "Initial Balance" the first trading hour of Cash session is very important in trading stocks and indizes.
So you will get 4 lines:
Opening
Initial Balance High
Initial Balance Low
Initial Balance Midpoint/Halfback
Most indicators for Range Box, Opening Trade, Opening Range, Initial Balance, iBOX and "Ultimate Lines" will only use the timezone of the exchange or your own timezone. I'm living in europe and we have this daylight saving time change in Summer/Winter - which will cause problems with most of the existing indicators or at least will push you to change the times regularly.
Another important point: I really like to switch the indizes when trading on my mobile. So what will happen when you set up opening range for DAX at 09:00 and then switch to S&P500? All indicators I tried failed here - they will just draw a wrong line for SPX, NDX, DJI, FTSE, ASX etc. I fixed that and hard coded stock exchanges and ticker symbols into 3 main groups Initial Balance EU/US/Asia
For example we take DAX - XETRA DAX is opening at 09:00 MEZ (Europe/Berlin)
The Initial Balance is set during the H1 Candle from 09:00 - 09:59
Please be aware, that some cash indizes only deliver data to TradingView after the "opening auction" - so for Xetra DAX you have to book live data and often you will only see data at 09:02/09:03 after the opening auction.
So you will get different opening lines compared from cash to future or your CFD provider. Future and CFD should fit for 99%
The Opening Line will be drawn at exactly 09:00
IB High on the highest price during the H1 candle
IB Low on the lowest price during the H1 candle
IB Halfback is simple: (IB High + IB Low) / 2
The lines will be drawn from cash start until next day and will end 2 minutes before the next cash session will start again. Please make your own experience! Activate the indicator for a CFD or Future switch to M15 and watch the wicks around the 4 lines. Even in the night or the next morning before the next Initial Balance will be set.
For me the lines are valid for around 24 hours and often longer. That's why it's good to have the old lines on the chart too.
To-do:
Yesterday high / low / close / halfback (also for last week and month)
Labels for the lines - sometimes only the colors will confuse you - a simple label should be a benefit (IB_h, IB_l, IB_1/2, 1D_o)
Range Lines for Asia Range and Premarket Range - additionaly a parameter to disable premarket lines when premarket is trading in asia range.
Add Alert condition to get alerts after IB is set
If you have and thoughts, ideas or improvements, please send me an message or leave an comment!
Like i said, the stock exchanges and ticker symbols are hard coded and can be extended for all relevant assets.
Have fun and i really hope this indicator will help improving your trading experience!
OHL Screener by KiranScript is intended to scan Open = High and Open = Low (OHL) stocks for selected Opening Range in minutes.
I have added NSE NIFTY 50 stocks as default input for the script. Hopefully it will work with other stocks and exchanges.
Opening Range time is limited to the "1 min, 3 min, 5 min, 15 min, 30 min and 60 min" as OHL generally required for Intraday.
Stock qualified criteria OPEN = LOW (in selected Opening Range timeframe) will be listed in the table at TOP RIGHT corner of the chart screen in a green background.
Stock qualified criteria OPEN = HIGH (in selected Opening Range timeframe) will be listed in the table at BOTTOM LEFT corner of the chart screen in a red background.
Script scans stocks irrespective of current chart symbol and current time frame on the chart.
Limitations:
- Maximum 40 stocks can be scanned.
- request.security can't be placed under loop hence repeat call to request.security should be placed on separate line
ORB-PreDay_PerM_LevelsThis script provides following levels:
1. ORB Level - You can adjust the timeframe of Opening Range (plots from 9am to 4pm)
2. ORB Fib Extension - 1.618 and 2.618 Fibonacci Extension of ORB High and Low (plots from 9am to 4pm)
3. Previous Day High/Low/Close - You can adjust color/thickness of the lines (plots from two days ago so that you can clearly see the levels)
4. Previous Two Days High/Low (plots from two days ago so that you can clearly see the levels)
5. Pre-Market High/Low (plots from 6:30am to 11am)
All in one indicator gives much better clarity of where current instrument is trading in relation to ORB, Previous Day Levels and Previous Two Days Levels along with Pre Market Levels.
You could combine these levels with your favorite EMA or EMA Cloud to create a trading system.
You could combine these levels with MA Cloud and ATR vs DTR script to gauge the move.
Look at the TWTR Chart today and see how these levels are respected.
ORB with Price TargetsThe ORB with Price Targets Script will display the Opening Range (15 minutes of the open session by default) High and Low. It will then render upper and 2 lower Price Target Levels based on 50% and 100% profit targets of the Opening Range.
The opening range is customizable in the settings, where you can choose from 5 minute, 15 minute, or 30 minute Opening Ranges.
Many stock tickers tend to follow the Opening Range, and sees continuation after a break of that range. This is a common strategy used by traders to enter trades. Price action also tends to find support and resistance at the 50% and 100% retracement levels, thus providing you Price Targets to start trimming your position, or finding new entries.
Litt Opening Range BreakoutThe Litt ORB, Opening Range Breakout, is a tool used by many intraday traders to take advantage of short-term momentum. This script plots extensions based on the opening range and then color candles depending on where the closing price of that candle is. The opening range is defined by either the first 30 or 60 minutes of a new trading day. During that time the opening ranges are set. If the opening range time has passed and we start to break above the Opening Range High that is a good indication that a Trend Day to the upside could be forming. When a stock takes out the range high from the first 30 or 60 minutes this is called an Opening Range Breakout.
OR = Opening Range
ORH = Opening Range High
ORL = Opening Range Low
ORM = Opening Range Mid (Half-way between ORH and ORL)
You can see the ORH and ORL (Opening Range) lines on the chart. The other lines are extension lines from the Opening Range. These are used as price targets for the end of Opening Range breakouts.
The candles are colored as follows.
If we are above the ORH then we use Bull Color 1.
If we are below the ORL then we use Bull Color 2.
If we are above the ORM, Opening Range Mid or the halfway point between the ORH and the ORL, we color Bull Color 2.
If we are below the ORM then we color Bear Color 2.
If the current time is still within the Opening Range then we color the Opening Range Color.
OR = Opening Range
ORH = Opening Range High
ORL = Opening Range Low
ORM = Opening Range Mid (Half-way between ORH and ORL)
Open Range Breakout With Take Profit Zones
Open Range Breakout With Take Profit Zones prints the open range and profitable zones based on the high and low during the opening hours.
This indicator can be used to prepare breakout trades following the OPR strategy. The time window for the open range as well as for the market hours can be configured. Also custom alerting templates allow to create alerts when a breakout out of the opening range occurs or when 50% take profit level is reached.
The background of pre and post market hours is coloured according to the configured time windows.
This indicator was written to support scalping and day trading. It does not calculate or display results on hourly, daily or weekly charts.
The open range and trading hours must be adjusted to the market time zone of your instrument. Also please take care that these settings are saved on the layout and not per instrument. Eventually create multiple layouts for instruments with different market time zones.
Weekly Fibonacci MatrixThe weekly Fibonacci Matrix builds a matrix based on specific time and price criteria. It is paired with higher and lower timeframe matrices to identify key entry and exit points for day trades and intraweek swing trades.
This is part of a full suite of tools I have developed for matrix analysis and ORB breakouts.
Daily Fibonacci ORBsORB Breakout strategies are a common way to daytrade.
The Daily Fibonacci ORBs are designed to give traders a quick edge in their trading analysis by showing the Fibonacci levels as established by the opening range.
In theory, one can play calls above the 1.0 and puts below the 0.0.
However, I recommend pairing the Daily Fibonacci ORBs with a suite of Fibonacci tools that I have developed, that give users levels based on the week, month, and quarter, to determine which positions to enter, and how long to stay in them.
The full suite of tools includes:
1. Daily Fibonacci ORBs
2. Weekly Fibonacci ORBs
3. Monthly Fibonacci ORBs
4. Quarterly Fibonacci ORBs
5. Fibonacci ORB scanner (x3)
6. Matrix analysis masterclass, showing how matrices are built, which levels must be watched, and when to enter and exit based on matrix analysis.
Fibonacci ORB scannerThe Fibonacci ORB scanner allows users to monitor Fibonacci Levels as defined by a user-defined time range.
The 0 Fibonacci and 1 Fibonacci will be defined by the lowest and highest price points during the defined time period.
The scanner can be set to intraday settings or any user-defined time-frame ("Delivery" settings).
A common way to use the scanner is to set it to the first 15 - 30 minutes of the day.
When prices are above the opening range set by the user, the ticker will enter the "Buy" column.
When prices are below the opening range set by the user, the ticker will enter the "Sell" column.
When prices are contained within the opening range set by the user, the ticker will enter the "Neutral" column.
The "Delivery" settings can be used to define an opening range that exceeds standard ORB levels.
One way to use the Delivery settings is to set them to first week of the month.
The scanner will then show "buy" for any ticker that is above the first week's high, and show "sell" for any stock that is below the first week's low.
The scanner is meant to be used in conjunction with my Fibonacci Matrix system, which gives users pre-defined fibonacci levels for each day, week, month, and quarter, each designed for a different type of trader.
You can DM me for access to my full suite of Fibonacci Matrix indicators.
R-I-ORBThis is an intraday indicator which plots high and low of timeframe's first bar.
Top line - High of the first session bar
Bottom line - low of the first session bar
Requires session timing and total trading hours to plot the lines appropriately.
We can use the indicator to trade intraday opening range breakouts.
Thanks!
Decision Points for TradingSimple script to highlight
Previous Day Low (PDL), Previous Day High(PDH), Previous Day Close(PDC)
Big round Numbers (BRN)
High Of the Day (HoD)
Low Of the Day (LOD)
-- Will add more DP's going fwd.
Usage : Especially useful to trade on NIFTY/Bank Nifty without any additional specific indicators.
Especially for daily analysis and intraday trading - Decision Points(DP's) are critical and will be using this simple script.
Open Range Breakout with TSLThis ORB with TSL Indicator Session Time is Indian NSE and BSE Equity Market
This indicator Provide you 2 type Setup
Opening Range Plot Only for Observation
1st Range Breakout = Long
2nd Range Breakout = Short
How to work This Indicator?
When Market is Open This Indicator automatically Plot Opening Range High and Low,
if Market bullish & Candle Close above Opening Range high When This Indicator automatically Plot 1st Range High and Low if You Want to 1st Range High Plot Crossingup any Candle You can Also Add Alerts
if Market Bearish & Candle Close Below Opening Range Low When This Indicator automatically Plot 2nd Range High and Low if You Want to 2nd Range Low Plot CrossingDown any Candle You can Also Add Alerts
If you Have any Suggestion please mention here
Thank you so much
This Also Automatically start trailing SL on basis of ATR
ORB Current Timeframe + ATRThis is Indicator
1. Opening Range Breakout for Selected Time frame
2. You can fix your Risk Reward and also Risk Amount
3. It will calculate the Position size based on Open Range ATR and your Risk Amount
4. Display's the Daily ATR for Given Input
5. It Gives Opening ATR Percentage to take a trade or not
6. It Calculates the Target on Either Side Based on the Risk Reward
Automated with ORBHello Everyone this indicator based On ORB (opening range breakout) with Trading alerts function and providing Dynamic Syntax/message for automation/Algo Trading. we are added 6 Indian broker. Fyers, Aliceblue, Zerodha, Angel Broking, Upstox, and Samco if you are using nextlevelbot and you are Beginner when you can add one alert and its indicator Automatically manage ur signal with buy, sell, Take profit, and Stoploss. we are added intraday based Dynamic Syntax.
Indicator Feature
➤Long ,short, Take Profit and stoploss Dynamic alerts
➤ you can also add Your custom value in TP or SL with percentage or point
➤More feature comming soon please wait and feedback
➤Important: This Indicator we are using for Automation Trading if You Want This Indicator Access, Please Contact me PM on Tradingview
IPB_AOPM_BOThis is an intraday trading strategy.
Concept :
Underlying concept is that Amateurs open the market and Professionals close the market. Hence this system tries to capture the breakout in the afternoon session. After One PM Breakout (AOPM breakout). This essentially means that one has to go long once the high of the market till 1 pm is broken out and similarly go short once the low of the market till 1 pm is broken down.
Position sizing:
This strategy assumes taking 10 lots of Indian Market Index which approximately requires a margin of around INR 25,00,000. Hence capital is chosen as INR 25,00,000. Currency is assumed to be INR , however the system shows USD as currency as there is no INR option available. Commissions assumed to be at INR 50 per order as against the INR 20 per charged by retail brokers in India in real world market.
Disclaimer:
Past performance is not representative of future performance. Hence the author is not responsible for any trading loss arising out of implementing this strategy. Hence please implement at your own risk. Trading can result in loss of entire capital.
ORB Indicator with TP and SLHello Traders,
This is the popularly used Opening Range Break (ORB) indicator, where the Buy/Sell indications will be formed based on whether the Price breakout the high or low of the Specified Range.
Range Considered: First 15 mins (0915-0930) of the Indian Stock market
Use this in 15 mins timeframe, as the range considered is first 15 mins(0915-0930) of Indian market time.
Logic:
1) If the price crosses above the high of the specified range, then Buy
2) If the price crosses below the low of the specified range, then Sell
This strategy is based on the concept that, Opening price range determines the future price action. When the price crosses the range, it is likely to continue in that direction.
The following parameters can be modified as per user preference:
1) Range Time (Default: 0915-0930)
2) Target Profit % (Default: 0.13 %)
3) Stop Loss % (Default: 0.26 %)
Tested strategy with very good accuracy.
Can be automated completely without any manual intervention.
Kindly DM for getting access.
Happy Trading!
Custom BreakOut [NLB]Hello Everyone it's Open Rang Breakout (ORB) Basically its Design for Forex or Crypto Market.
How to work its indicator?
➤ Its Open Rang Breakout it's automatically plotted first Bar High and Low if High Breakout when Providing Long Or if Low Breakout when Providing Short.
Indicator Feature
➤ Long Signal with Alert
➤ Short Long Signal with Alert
➤ Take Profit with Alerts calculated by Long or Short Bar Open You can also choose Percentage or Point by default percent
➤ Trailing Stop Loss with Alerts
➤ You Can Also Select Custom Open Rang Bar
Important: This Indicator we are using for Automation Trading if You Want This Indicator Access, Please Contact me PM on Tradingview
