OPEN-SOURCE SCRIPT
Updated R-I-ORB
This 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!
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!
Release Notes
Update : Color customization by userRelease Notes
Added new lines,PDH - Previous Day High
PDL - Previous Day Low
Plot Historical lines - Plot ORB, PDH & PDL lines to historical data. This setting is turned off by default. It can be turned on if we need to plot lines on historical bars.
Colors can be changed for PDH & PDL values.
Release Notes
Risk Disclosure: This indicator does not provide buy/sell signals and relies on past data, which may not accurately reflect future outcomes. We are not liable for any profits or losses incurred. Please assess and trade at your own risk.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.