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.
Orb
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
Gowri_1.0 After going through various ORB stratergy, I wrote this pine script. This gives exact risk and quantity in the right side panel. so, risk management is always taken care of.
When to use: wait for the first five minutes after the market opens.
Which stocks: use with Market gainers after the first five minutes based on the signal.
Risk/reward: Say you have a capital of 50,000 and you want to risk 2% on one trade. So the risk comes out to be 1000. Means you can risk 1000 on one trade.
Let's say the stop loss on your setup comes out to be 5. Just divide the stop by the risk and that's the no. of shares you should trade. In this case 1000/5=200 shares.
Hunt for your targets:
Look for 1:1 or 1:2 target depending on the stop loss. If the stop is wide then go for just 1:1 or else go for 1:2
Tips for short plays:
This strategy works well on long trades rather than on the short side. As on the short side the action, most of the times, is very huge in the first 5 min bar which increases the risk on the trade. However you may apply ORB on the short side If the action is not very strong on the first bar and the stock actually develops a range for the first 30 minutes or so and then breaks it.
London Open Range Breakout by KviateqThis script is what I currently use to day trade forex on a 5-minute timeframe.
The script features Multi-timeframe EMA20 that uses timeframe multipliers and is smoother by the factor by which you're multiplying your current timeframe.
Default settings are set to display EMA20 on the current (M5) timeframe, as well as M15, H1, H4 and D1 timeframes.
The background color changes intensity based on how many conditions are met - are all EMAs in the right order, is the current close above/below all the EMAs.
Featured is also a range set to 1 hour since the London breakout (can be changed to M15, or however long you'd like - my current setting is 30 minute).
Also featured are levels that I find to be of most importance - such as Daily and Weekly Open, Previous Day's and Week's Highs.
The idea is to only take trades when all stars align - EMAs, break above/below the Opening Range and not to long/short into an important level.
ORB - Opening Range BreakoutThis 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" as 5min & "Session Time" as whatever is the opening 5mins time period of ticker that are trading.
[Alerts] Custom ORB with Target/StoplossThis Open Range Breakout (ORB) Indicator displays High, Low for the selected time frame.
Indicator Feature :-
Shows Long & Short signals based on the crossover.
You can use different alerts like Long, Short, Long-TP, Short-TP, Long-SL, Short-SL, Close
You can change Take profit points
Stop Loss will be low of breaking candle when Long signal is generated and high of breaking candle when Short signal is generated
Select Session time to get alerts only on that period
Select Square off and End Session to generate Close alert based on a specific time at the end of the day
In the future, I will Enhance and update this Indicator if needed
If you have any suggestion mention here
Thank you :-)
orb study Swing TG by lazytradersORB = Open Range breakout
Here ORB developed by lazytrades
This indicator develop for NSE & BSE
This indicator for Intraday Trading Once Par Bar Study Alerts
///////////////////////////// SELECTED TIME CANDLE START TRADE //////////////////////////
Here is the first option of start time is fix 9:15
second is the candle that time frame and candle close need to trade
For Exp I want to trade in 5 min. chart frame in SBIN and I want to trade 5 min second candle of the SBIN 5 min chart so my start trade will be like this 9:15 to 9:25
So, the second Candle of 5 min Chart high low will count
///////////////////////////////// REPAINT ////////////////////////////////////////////////
repaint is by default value is 1
it shows if buy start and again get buy than it will not buy again
if repaint value 2 then if buy and again signal of a buy then buy again
//////////////////////////////// TARGETS //////////////////////////////////////////////////
here we provide both side 3 no. of target
All Tg in Percentage.
If the signal is buying and need to put Tg than Buy TG% 1 is the first target as same for target 2 is Buy TG% 2 and for 3rd is Buy TG% 3 same as per selling signal TG 1, 2 and 3
if we want only one target then put other value 0
if you put target than you will see the target line in the chart.
//////////////////////////////////////////// int Exit Hr and Min ////////////////////////////
Int Exit Hr is the time in an hour that you want to exit in intraday
Int Exit Min is the time in a minute that you want to exit in intraday
for Example, want to exit at 3:10 pm
so here Int Exit Hr = 15 and Int Exit Min = 10
/////////////////////////////////////////////////// Benefits //////////////////////////////////////
Benefits of 3 target:: = If we trade in cash in Reliance and buy 300 shares and buy signal executed and now I want to sell 100 shares in 0.80% 100 shares in 1.4% and last 100 long for intraday than I will put all this condition for all day and tg3% is 0. so if the price comes Tg1 it will exit 100 Tg2 it will again 100 and final 100 will sell at the end of market hours or if sell signal comes than it will sell and sell another 300 shares for the short side. if I will put tg3 as 4.5% and the stock price goes than I get a good profit.
we all know every day no stock move 3 to 5 percentage but if we put partially profit target than we get good results of that
////////////////////////////////////////////// Some important Note //////////////////////////////
here you will find repaint of Targets
so, put alerts of the target will be once per bar every time
In future this problem we will try to solve it.
///////////////////////////////////////////////////////////////////////////////////////////////////////////////
High & Low Of Custom Session - OpeningRange Breakout (Expo)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 range.
2. Use the indicator to trade breakouts of session range.
INDICATOR IN ACTION
1-min chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Advance_Multi_Breakout_ORB [NLB]Hello Everyone,
it's Advance Multi Breakout ORB Indicator it's only for working Indian market
its Indicator provided 4 types of Signal
1st Range Breakout = Long
2nd Range Breakout = Short
3rd Range Breakout = Long
4th Range Breakout = Shor t
How to work This Indicator?
When Market is open its indicator automatically plot First Bar high and low (it's not Signal)
➤ 1st Range Breakout = when first bar high and low generated its waiting closing above high line if closing above when its automatically plot closing bar high and low now waiting for breakout, like when closing bar high crossing any bar its generate 1st Range Breakout and stop loss closing bar low and it's automatically calculated take profit by default 1 percent you can also change percent of input
➤ 2nd Range Breakout = when first bar high and low generated its waiting closing below low line if closing below when its automatically plot closing bar high and low now waiting for breakout, like when closing bar low crossing any bar its generate 2nd Range Breakout and stop loss closing bar high and it's automatically calculated take profit by default 1 percent you can also change percent of input.
➤ 3rd Range Breakout = if 1st Range Breakout is competed then market is reversal (bearish) its and 1st Range Breakout low line below closing any bar its automatically plot closing bar high and low now waiting for closing bar low below crossing any bar if crossing its provided 3rd Range Breakout signal closing bar high stop loss and it's automatically calculated take profit by default 1 percent you can also change percent of input
➤ 4th Range Breakout = if 2nd Range Breakout is competed then market is reversal (bullish) its and 2nd Range Breakout high line above closing any bar its automatically plot closing bar high and low now waiting for closing bar high above crossing any bar if crossing its provided 4th Range Breakout signal closing bar low stop loss and it's automatically calculated take profit by default 1 percent you can also change percent of input
Important: its Indicator we are using for Automation Trading if You Want its Indicator Access Please Contact me PM on Tradingview
Below Some image every range breakout
Gapup Or GapDown ORBHello everyone
Many of user Demand GapUp or GapDown with Opening Rang Breakout indicator
its indicator only for work Indian market because I added 9:15 Indian market opening time
How to work this Indicator?
There are two Conditions
➤ first One is GapUp and Breakout when signal You can also Add Alerts and you can Also Change GapUp Percentage Input
➤ Second One is GapDown and Breakout when signal You can also Add Alerts and you can Also Change GapDown Percentage Input
➤ You can also Take Profit from GapUp with Alerts
➤ You can also Take Profit from GapDown with Alerts
if you have any suggestion, please comment below I will add in future
Important: This Indicator we are using for Automation Trading if You Want This Indicator Access Please Contact me PM on Tradingview
