Archived: Opening Range Breakout

[BenTen]

@jtpdev Adjust the opening range end time, and you should be able to achieve that.

 

[jan_angel]

@BenTen is there a way to set scanner/alert when the R-ORH and R-ORL bubbles show up?

Thanks,
Jan

 

[BenTen]

@jan_angel They should show up automatically after the 30 min range has been established.

 

[NickBohra]

i don't see supertrend in my chart, how do i fix that?

 

[BenTen]

@NickBohra Supertrend is a separate indicator. Did you add it?

 

[FoxEatsGekko]

Sorry, I feel I'm late to the party here posting on page 20 but I was wondering why mine doesn't plot the ranges on the chart until 3 days ahead. Screenshot attached.

OK, I'm observing it on the same day only on the 1min chart. On the 5min, it shows the lines for next day, and each subsequent time param increased places the plots farther out in days. 3 days on the 15min and 7 days out on the 30min.

 

[Pensar]

@FoxEatsGekko I was able to duplicate your problem in ThinkorSwim. You have too large of an expansion area for the indicator to plot correctly - my understanding of the problem is that since your ORB settings are set to "ShowTodayOnly = yes;", it picks the last day on your chart. Two ways to correct it are -
1) Shorten your expansion area via the Chart Settings > Time Axis tab, or
2) Change the indicator toggle for "ShowTodayOnly" to 'no'.

 

[Amir-Trader]

When I use opening range break out , I hear the ring for alert and i check it under message but i don't see any bubble for the indicator even i change the time frame to 1m. Should I wait longer to see the bobble ? The same question for super_Trend . I don't see the arrow right away ? Thanks

 

[BenTen]

@Amir-Trader A few things:

1. You shouldn't see any arrows for the Supertrend indicator (unless you're using a modified version with arrows)
2. Check to see if the alerts are actually coming from the ORB indicator or another indicator that you are using.

I hope that helps.

 

[ZION]

@BenTen is there a way to get this awesome indicator as a watchlist when it breaks up or down the yellow line?

 

[BenTen]

@ZION Here you go: https://usethinkscript.com/threads/opening-range-orb-watchlist-column-for-thinkorswim.140/

 

[Amir-Trader]

so we should stay on Heikin Ashi candlestick type or regular candle stick? i got confused

 

[BenTen]

@Amir-Trader Try to understand the difference between the two and see which one will work better for you.

 

[thealphabreed]

This is a great script @BenTen
However, it does NOT plot the same way as you mentioned.
I used the exact indicators as you mentioned and even removed extended hours.
1. I dont see the GREEN and RED zones.
2. I have also marked the lines with numbers so you can explain which is what

 

[BenTen]

@thealphabreed Read this comment and this comment.

 

[DAJEWA]

@hhjani HI How did u get the price to show on your buy & sell signals ?

 

[BenTen]

@DAJEWA Are you referring to the Supertrend bubbles?

 

[DAJEWA]

@BenTen Thought it was a script to ORB strategy to show Buy & Sell signals replacing the arrows.

 

[BenTen]

@DAJEWA The ORB script from this thread does not include buy/sell signals. It must have been a different indicator.

 

[weswhat]

@BenTen Hate to ask, but when you have the time is there anyway you can edit the code to where it only shows the green & red zones and nothing else? Unless it's a lot of work of course. I'm assuming you just delete some of the text but I can't seem to figure out which ones. Thanks.