3-Min Opening Range Breakout

Sabin Gaire

New member
I am new to thinkScript. I wrote a script which is supposed to enter a trade once it breaks 3-min high after first 3 minutes of market open. i have two problems
a. My chartbubble shows high three for same high
b. Entry and exit is not working

Any guidance and suggestion will be helpful. Here is my code


input stock = "SPY";


def isopen = if SecondsFromTime(0930) >= 0 and SecondsFromTime(0930) <= 179 then 1 else 0; #to draw high and #low of first three min

#get high of first 3 min
def pricehigh = high(stock, AggregationPeriod.THREE_MIN, PriceType.LAST);
rec priceH = pricehigh;


#get low of first 3 min
def pricelow = low(stock, AggregationPeriod.THREE_MIN, PriceType.LAST);

#plot high and low of first three min
addChartBubble(if isopen == 1 then yes else no, pricehigh, pricehigh, Color.YELLOW, yes);
AddChartBubble(if isopen == 1 then yes else no, pricelow, pricelow, Color.RED, no);

#entry time next six min

def price = close;

AddOrder(condition = price crosses above priceH, tradeSize = 100, name = "<ORB>", type = OrderType.BUY_TO_OPEN, price = open);
AddOrder(condition = price crosses below pricelow, tradeSize = 100, name = "<ORB>", type = OrderType.SELL_TO_CLOSE, price = open);
 
Solution
you had the order mixed up, also this is just for long and long stoploss you should have a order for profit target and a orders for short sell_to_open and buy_to_close again yo need to set up closing order for your profit targets.

addOrder(OrderType.BUY_TO_OPEN, close crosses above priceH, price = open, tradeSize = 100, name = "<ORB>");
AddOrder(OrderType.SELL_TO_CLOSE, close crosses below pricelow, price = open, tradeSize = 100, name = "<ORB>");
you had the order mixed up, also this is just for long and long stoploss you should have a order for profit target and a orders for short sell_to_open and buy_to_close again yo need to set up closing order for your profit targets.

addOrder(OrderType.BUY_TO_OPEN, close crosses above priceH, price = open, tradeSize = 100, name = "<ORB>");
AddOrder(OrderType.SELL_TO_CLOSE, close crosses below pricelow, price = open, tradeSize = 100, name = "<ORB>");
 
Solution

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you had the order mixed up, also this is just for long and long stoploss you should have a order for profit target and a orders for short sell_to_open and buy_to_close again yo need to set up closing order for your profit targets.

addOrder(OrderType.BUY_TO_OPEN, close crosses above priceH, price = open, tradeSize = 100, name = "<ORB>");
AddOrder(OrderType.SELL_TO_CLOSE, close crosses below pricelow, price = open, tradeSize = 100, name = "<ORB>");
Than you. I will add the target.
 

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