Archived: Opening Range Breakout

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Can someone please explain what "RO" means?

I've seen other people ask and no-one answers.

What is the point of the RO line? PC line? Etc?

A glossary would be great.
 
Can someone please explain what "RO" means?

I've seen other people ask and no-one answers.

What is the point of the RO line? PC line? Etc?

A glossary would be great.
RO= Risk on . PC = previous close ( yesterday closed price)
 
Great job to whoever wrote this code. I am not trying to step on any toes here as this is not my code. I edited the ORBI code as follows and it appears to work great with the super trend. Not sure if I did this correctly though. I took code from 2 different places In this thread if i remember. You have to remember to go to the settings of the study and turn on the cloud, alert, and show today only if you are only viewing a "today" chart, then also go to the chart settings in TOS, under equities and adjust to hide or show closed times. I just have not jumped in and started to use it yet. I tried once or twice with $tsla and find it is hard to be quick, so I have to play with my time frames, 2-3 min vs 5 min vs 15 min.



Code:
declare Hide_On_Daily;
declare Once_per_bar;

input OrMeanS  = 0930.0; #hint OrMeanS: Begin Mean Period. Usually Market Open EST.
input OrMeanE  = 0935.0; #hint OrMeanE: End Mean period. Usually End of first bar.
input OrBegin  = 0930.0; #hint OrBegin: Beginning for Period of Opening Range Breakout.
input OrEnd    = 1000.0; #hint OrEnd: End of Period of Opening Range Breakout.
input CloudOn  = no;     #hint CloudOn: Clouds Opening Range.
input AlertOn  = yes;    #hint AlertOn: Alerts on cross of Opening Range.
input ShowTodayOnly = {"No", default "Yes"}; 
input nAtr = 4;          #hint nATR: Lenght for the ATR Risk and Target Lines.
input AtrTargetMult = 2.0; #hint ATRmult: Multiplier for the ATR calculations.

  def h = high;
  def l = low;
  def c = close;
  def bar = barNumber();
  def s = ShowTodayOnly;
  def ORActive = if secondsTillTime(OrMeanE) > 0 and
                    secondsFromTime(OrMeanS) >= 0
                 then 1
                 else 0;
  def today = if s == 0
              or getDay() == getLastDay() and
                 secondsFromTime(OrMeanS) >= 0
              then 1
              else 0;
  def ORHigh = if ORHigh[1] == 0
               or ORActive[1] == 0 and
                  ORActive == 1
               then h
               else if ORActive and
                       h > ORHigh[1]
               then h
               else ORHigh[1];
  def ORLow = if ORLow[1] == 0
              or ORActive[1] == 0 and
                 ORActive == 1
              then l
              else if ORActive and
                      l < ORLow[1]
              then l
              else ORLow[1];
  def ORWidth = ORHigh - ORLow;
  def na = double.nan;
  def ORHA = if ORActive
             or today < 1
             then na
             else ORHigh;
  def ORLA = if ORActive
             or today < 1
             then na
             else ORLow;
  def O = ORHA - Round(((ORHA - ORLA) / 2) / TickSize(), 0) * TickSize();
  def ORActive2 = if secondsTillTime(OREnd) > 0 and
                     secondsFromTime(ORBegin) >= 0
                  then 1
                  else 0;
  def ORHigh2 = if ORHigh2[1] == 0
                  or ORActive2[1] == 0 and
                     ORActive2 == 1
                then h
                else if ORActive2 and
                        h > ORHigh2[1]
                then h
                else ORHigh2[1];
  def ORLow2 = if ORLow2[1] == 0
                or ORActive2[1] == 0 and
                   ORActive2 == 1
               then l
               else if ORActive2 and
                       l < ORLow2[1]
               then l
               else ORLow2[1];
  def ORWidth2 = ORHigh2 - ORLow2;
  def TimeLine = if secondsTillTime(OREnd) == 0
                 then 1
                 else 0;
  def ORmeanBar = if !ORActive and ORActive[1]
                  then barNumber()
                  else ORmeanBar[1];
  def ORendBar = if !ORActive2 and ORActive2[1]
                 then barNumber()
                 else ORendBar[1];
  def ORL = if (o == 0 , na, o);
plot ORLext = if barNumber() >= highestAll(ORmeanBar)
              then HighestAll(if isNaN(c[-1])
                              then ORL[1]
                              else double.nan)
              else double.nan;
     ORLext.SetDefaultColor(color.Yellow);
     ORLext.SetStyle(curve.Long_DASH);
     ORLext.SetLineWeight(3);
     ORLext.HideTitle();
  def ORH2 = if ORActive2
             or today < 1
             then na
             else ORHigh2;
plot ORH2ext = if barNumber() >= highestAll(ORendBar)
               then HighestAll(if isNaN(c[-1])
                               then ORH2[1]
                               else double.nan)
               else double.nan;
     ORH2ext.SetDefaultColor(color.Green);
     ORH2ext.SetStyle(curve.Long_DASH);
     ORH2ext.SetLineWeight(3);
     ORH2ext.HideTitle();
  def ORL2 = if ORActive2
               or today < 1
             then na
             else ORLow2;
plot ORL2ext = if barNumber() >= highestAll(ORendBar)
               then HighestAll(if isNaN(c[-1])
                               then ORL2[1]
                               else double.nan)
               else double.nan;
     ORL2ext.SetDefaultColor(color.Red);
     ORL2ext.SetStyle(curve.Long_DASH);
     ORL2ext.SetLineWeight(3);
     ORL2ext.HideTitle();
  def RelDay = (ORL - ORL2) / (ORH2 - ORL2);
  def dColor = if RelDay > .5
               then 5
               else if RelDay < .5
                    then 6
               else 4;
  def pos = (ORH2 - ORL2)/10;
plot d1 = if (TimeLine , ORH2, na);
plot d2 = if (TimeLine , ORH2 - ( pos * 2), na);
plot d3 = if (TimeLine , ORH2 - ( pos * 3), na);
plot d4 = if (TimeLine , ORH2 - ( pos * 4), na);
plot d5 = if (TimeLine , ORH2 - ( pos * 5), na);
plot d6 = if (TimeLine , ORH2 - ( pos * 6), na);
plot d7 = if (TimeLine , ORH2 - ( pos * 7), na);
plot d8 = if (TimeLine , ORH2 - ( pos * 8), na);
plot d9 = if (TimeLine , ORH2 - ( pos * 9), na);
plot d10 = if (TimeLine ,(ORL2), na);
     d1.SetPaintingStrategy(PaintingStrategy.POINTS);
     d2.SetPaintingStrategy(PaintingStrategy.POINTS);
     d3.SetPaintingStrategy(PaintingStrategy.POINTS);
     d4.SetPaintingStrategy(PaintingStrategy.POINTS);
     d5.SetPaintingStrategy(PaintingStrategy.POINTS);
     d6.SetPaintingStrategy(PaintingStrategy.POINTS);
     d7.SetPaintingStrategy(PaintingStrategy.POINTS);
     d8.SetPaintingStrategy(PaintingStrategy.POINTS);
     d9.SetPaintingStrategy(PaintingStrategy.POINTS);
    d10.SetPaintingStrategy(PaintingStrategy.POINTS);
     d1.AssignValueColor(GetColor(Dcolor));
     d2.AssignValueColor(GetColor(Dcolor));
     d3.AssignValueColor(GetColor(Dcolor));
     d4.AssignValueColor(GetColor(Dcolor));
     d5.AssignValueColor(GetColor(Dcolor));
     d6.AssignValueColor(GetColor(Dcolor));
     d7.AssignValueColor(GetColor(Dcolor));
     d8.AssignValueColor(GetColor(Dcolor));
     d9.AssignValueColor(GetColor(Dcolor));
    d10.AssignValueColor(GetColor(Dcolor));
     d1.HideBubble();
     d2.HideBubble();
     d3.HideBubble();
     d4.HideBubble();
     d5.HideBubble();
     d6.HideBubble();
     d7.HideBubble();
     d8.HideBubble();
     d9.HideBubble();
    d10.HideBubble();
     d1.HideTitle();
     d2.HideTitle();
     d3.HideTitle();
     d4.HideTitle();
     d5.HideTitle();
     d6.HideTitle();
     d7.HideTitle();
     d8.HideTitle();
     d9.HideTitle();
    d10.HideTitle();
addCloud(if CloudOn == yes
         then orl
         else double.nan
       , orl2,createColor(244,83,66), createColor(244,83,66));
addCloud(if CloudOn == yes
         then orl
         else double.nan
       , orh2,createColor(66,244,131), createColor(66,244,131));
# Begin Risk Algorithm
# First Breakout or Breakdown bars
  def Bubbleloc1 = isNaN(close[-1]);
  def BreakoutBar = if ORActive
                    then double.nan
                    else if !ORActive and c crosses above ORH2
                         then bar
                         else if !isNaN(BreakoutBar[1]) and c crosses ORH2
                              then BreakoutBar[1]
                    else BreakoutBar[1];
  def ATR = if ORActive2
  then Round((Average(TrueRange(h, c, l), nATR)) / TickSize(), 0) * TickSize()
  else ATR[1];
  def cond1 =  if h > ORH2 and
                  h[1] <= ORH2
               then Round((ORH2  + (ATR * AtrTargetMult)) / TickSize(), 0) * TickSize()
               else cond1[1];
plot ORLriskUP = if bar >= OREndBar and !ORActive and today
                 then HighestAll(ORH2ext - 2)
                 else double.nan;
     ORLriskUP.SetStyle(Curve.Long_Dash);
     ORLriskUP.SetDefaultColor(Color.Green);
     ORLriskUP.HideTitle();
  def crossUpBar = if close crosses above ORH2
                   then bar
                   else double.nan;
AddChartBubble(bar == HighestAll(crossUpBar), ORLriskUP, "RiskON ORH", color.green, no);
plot ORLriskDN = if bar >= OREndBar and !ORActive and close < ORL
                 then HighestAll(ORL2ext + 2)
                 else double.nan;
     ORLriskDN.SetStyle(Curve.Long_Dash);
     ORLriskDN.SetDefaultColor(Color.Red);
     ORLriskDN.HideTitle();
  def crossDnBar = if close crosses below ORL2ext
                   then bar
                   else double.nan;
AddChartBubble(bar == HighestAll(crossDnBar), HighestAll(ORLriskDN), "Risk ON ORL", color.red, yes);
# High Targets
plot Htarget = if bar >= BreakoutBar
               then cond1
               else double.nan;
     Htarget.SetPaintingStrategy(paintingStrategy.Squares);
     Htarget.SetLineWeight(1);
     Htarget.SetDefaultColor(Color.White);
     Htarget.HideTitle();
AddChartBubble(BubbleLoc1, Htarget, "RO", color.white, if c > Htarget then no else yes);
  def condHtarget2 = if c crosses above cond1
  then Round((cond1 + (ATR * AtrTargetMult)) / TickSize(), 0) * TickSize()
  else condHtarget2[1];
plot Htarget2 = if bar >= BreakoutBar
                then  condHtarget2
                else double.nan;
     Htarget2.SetPaintingStrategy(PaintingStrategy.Squares);
     Htarget2.SetLineWeight(1);
     Htarget2.SetDefaultColor(Color.Plum);
     Htarget2.HideTitle();
AddChartBubble(BubbleLoc1, Htarget2, "2nd T", color.plum, if c > Htarget2
                                                          then no
                                                          else yes);
  def condHtarget3 = if c crosses above condHtarget2
  then Round((condHtarget2 + (ATR * AtrTargetMult)) / TickSize(), 0) * TickSize()
  else condHtarget3[1];
plot Htarget3 = if bar >= BreakoutBar
                then condHtarget3
                else double.nan;
     Htarget3.SetPaintingStrategy(PaintingStrategy.Squares);
     Htarget3.SetLineWeight(1);
     Htarget3.SetDefaultColor(Color.Plum);
     Htarget3.HideTitle();
AddChartBubble(isNaN(C[-1]), Htarget3, "3rd T", color.plum, if c > Htarget3 then no else yes);
  def condHtarget4 = if c crosses above condHtarget3
  then Round((condHtarget3 + (ATR * AtrTargetMult)) / TickSize(), 0) * TickSize()
  else condHtarget4[1];
plot Htarget4 = if bar >= HighestAll(BreakoutBar)
                then condHtarget4
                else double.nan;
     Htarget4.SetPaintingStrategy(PaintingStrategy.Squares);
     Htarget4.SetLineWeight(1);
     Htarget4.SetDefaultColor(Color.Plum);
     Htarget4.HideTitle();
AddChartBubble(BubbleLoc1, Htarget4, "4th T", color.plum, if c > Htarget4 then no else yes);
  def condHtarget5 = if c crosses above condHtarget4
  then Round((condHtarget4 + (ATR * AtrTargetMult)) / TickSize(), 0) * TickSize()
  else condHtarget5[1];
plot Htarget5 = if bar >= BreakoutBar
                then condHtarget5
                else double.nan;
     Htarget5.SetPaintingStrategy(PaintingStrategy.Squares);
     Htarget5.SetLineWeight(1);
     Htarget5.SetDefaultColor(Color.Plum);
     Htarget5.HideTitle();
AddChartBubble(BubbleLoc1, Htarget5, "5th T", color.plum, if c > Htarget5 then no else yes);
# Low Targets
  def cond2 = if L < ORL2 and
                 L[1] >= ORL2
              then Round((ORL2  - (AtrTargetMult * ATR)) / TickSize(), 0) * TickSize()
              else cond2[1];
plot Ltarget =  if bar >= HighestAll(OREndBar)
                then highestAll(if isNaN(c[-1])
                                then cond2
                                else double.nan)
                else double.nan;
     Ltarget.SetPaintingStrategy(PaintingStrategy.Squares);
     Ltarget.SetLineWeight(1);
     Ltarget.SetDefaultColor(Color.White);
     Ltarget.HideTitle();
AddChartBubble(BubbleLoc1, cond2, "RO", color.white, if c < Ltarget
                                                     then yes
                                                     else no);
  def condLtarget2 = if c crosses below cond2
  then Round((cond2 - (AtrTargetMult * ATR)) / TickSize(), 0) * TickSize()
  else condLtarget2[1];
plot Ltarget2 =  if bar >= HighestAll(OREndBar)
                 then highestAll(if isNaN(c[-1])
                                 then condLtarget2
                                 else double.nan)
                 else double.nan;
     Ltarget2.SetPaintingStrategy(PaintingStrategy.Squares);
     Ltarget2.SetLineWeight(1);
     Ltarget2.SetDefaultColor(Color.Plum);
     Ltarget2.HideTitle();
AddChartBubble(BubbleLoc1, condLtarget2, "2nd T", color.plum, if c < condLtarget2
                                                              then yes
                                                              else no);
  def condLtarget3 = if c crosses below condLtarget2
  then Round((condLtarget2 - (AtrTargetMult * ATR)) / TickSize(), 0) * TickSize()
  else condLtarget3[1];
plot Ltarget3 = if bar >= HighestAll(OREndBar)
                then highestAll(if isNaN(c[-1])
                                then condLtarget3
                                else double.nan)
                else double.nan;
     Ltarget3.SetPaintingStrategy(PaintingStrategy.Squares);
     Ltarget3.SetLineWeight(1);
     Ltarget3.SetDefaultColor(Color.Plum);
     Ltarget3.HideTitle();
AddChartBubble(BubbleLoc1, condLtarget3, "3rd T", color.plum, if c < Ltarget3
                                                              then yes
                                                              else no);
  def condLtarget4 = if c crosses condLtarget3
  then Round((condLtarget3 - (AtrTargetMult * ATR)) / TickSize(), 0) * TickSize()
  else condLtarget4[1];
plot Ltarget4 = if bar >= HighestAll(OREndBar)
                then highestAll(if isNaN(c[-1])
                                then condLtarget4
                                else double.nan)
                else double.nan;
     Ltarget4.SetPaintingStrategy(PaintingStrategy.Squares);
     Ltarget4.SetLineWeight(1);
     Ltarget4.SetDefaultColor(Color.Plum);
     Ltarget4.HideTitle();
AddChartBubble(BubbleLoc1, condLtarget4, "4th T", color.plum, if c < Ltarget4
                                                              then yes
                                                              else no);
  def condLtarget5 = if c crosses condLtarget4
  then Round((condLtarget4 - (AtrTargetMult * ATR)) / TickSize(), 0) * TickSize()
  else condLtarget5[1];
plot Ltarget5 = if bar >= HighestAll(OREndBar)
                then highestAll(if isNaN(c[-1])
                                then condLtarget5
                                else double.nan)
                else double.nan;
     Ltarget5.SetPaintingStrategy(PaintingStrategy.Squares);
     Ltarget5.SetLineWeight(1);
     Ltarget5.SetDefaultColor(Color.Plum);
     Ltarget5.HideTitle();
AddChartBubble(BubbleLoc1, condLtarget5, "5th T", color.plum, if c < Ltarget5
                                                              then yes
                                                              else no);
def last = if secondsTillTime(1600) == 0 and
              secondsFromTime(1600) == 0
           then c[1]
           else last[1];
plot LastClose = if Today and last != 0
                 then last
                 else Double.NaN;
     LastClose.SetPaintingStrategy(PaintingStrategy.Dashes);
     LastClose.SetDefaultColor(Color.White);
     LastClose.HideBubble();
     LastClose.HideTitle();
AddChartBubble(SecondsTillTime(0930) == 0, LastClose, "PC", color.gray, yes);
alert(c crosses above ORH2, "", Alert.Bar, Sound.Bell);
alert(c crosses below ORL2, "", Alert.Bar, Sound.Ring);
# End Code ORB with Risk and targets
 
Great job to whoever wrote this code. I am not trying to step on any toes here as this is not my code. I edited the ORBI code as follows and it appears to work great with the super trend. Not sure if I did this correctly though. I took code from 2 different places In this thread if i remember. You have to remember to go to the settings of the study and turn on the cloud, alert, and show today only if you are only viewing a "today" chart, then also go to the chart settings in TOS, under equities and adjust to hide or show closed times. I just have not jumped in and started to use it yet. I tried once or twice with $tsla and find it is hard to be quick, so I have to play with my time frames, 2-3 min vs 5 min vs 15 min.


declare Hide_On_Daily;
declare Once_per_bar;

input OrMeanS = 0930.0; #hint OrMeanS: Begin Mean Period. Usually Market Open EST.
input OrMeanE = 0935.0; #hint OrMeanE: End Mean period. Usually End of first bar.
input OrBegin = 0930.0; #hint OrBegin: Beginning for Period of Opening Range Breakout.
input OrEnd = 1000.0; #hint OrEnd: End of Period of Opening Range Breakout.
input CloudOn = no; #hint CloudOn: Clouds Opening Range.
input AlertOn = yes; #hint AlertOn: Alerts on cross of Opening Range.
input ShowTodayOnly = {"No", default "Yes"};
input nAtr = 4; #hint nATR: Lenght for the ATR Risk and Target Lines.
input AtrTargetMult = 2.0; #hint ATRmult: Multiplier for the ATR calculations.

def h = high;
def l = low;
def c = close;
def bar = barNumber();
def s = ShowTodayOnly;
def ORActive = if secondsTillTime(OrMeanE) > 0 and
secondsFromTime(OrMeanS) >= 0
then 1
else 0;
def today = if s == 0
or getDay() == getLastDay() and
secondsFromTime(OrMeanS) >= 0
then 1
else 0;
def ORHigh = if ORHigh[1] == 0
or ORActive[1] == 0 and
ORActive == 1
then h
else if ORActive and
h > ORHigh[1]
then h
else ORHigh[1];
def ORLow = if ORLow[1] == 0
or ORActive[1] == 0 and
ORActive == 1
then l
else if ORActive and
l < ORLow[1]
then l
else ORLow[1];
def ORWidth = ORHigh - ORLow;
def na = double.nan;
def ORHA = if ORActive
or today < 1
then na
else ORHigh;
def ORLA = if ORActive
or today < 1
then na
else ORLow;
def O = ORHA - Round(((ORHA - ORLA) / 2) / TickSize(), 0) * TickSize();
def ORActive2 = if secondsTillTime(OREnd) > 0 and
secondsFromTime(ORBegin) >= 0
then 1
else 0;
def ORHigh2 = if ORHigh2[1] == 0
or ORActive2[1] == 0 and
ORActive2 == 1
then h
else if ORActive2 and
h > ORHigh2[1]
then h
else ORHigh2[1];
def ORLow2 = if ORLow2[1] == 0
or ORActive2[1] == 0 and
ORActive2 == 1
then l
else if ORActive2 and
l < ORLow2[1]
then l
else ORLow2[1];
def ORWidth2 = ORHigh2 - ORLow2;
def TimeLine = if secondsTillTime(OREnd) == 0
then 1
else 0;
def ORmeanBar = if !ORActive and ORActive[1]
then barNumber()
else ORmeanBar[1];
def ORendBar = if !ORActive2 and ORActive2[1]
then barNumber()
else ORendBar[1];
def ORL = if (o == 0 , na, o);
plot ORLext = if barNumber() >= highestAll(ORmeanBar)
then HighestAll(if isNaN(c[-1])
then ORL[1]
else double.nan)
else double.nan;
ORLext.SetDefaultColor(color.Yellow);
ORLext.SetStyle(curve.Long_DASH);
ORLext.SetLineWeight(3);
ORLext.HideTitle();
def ORH2 = if ORActive2
or today < 1
then na
else ORHigh2;
plot ORH2ext = if barNumber() >= highestAll(ORendBar)
then HighestAll(if isNaN(c[-1])
then ORH2[1]
else double.nan)
else double.nan;
ORH2ext.SetDefaultColor(color.Green);
ORH2ext.SetStyle(curve.Long_DASH);
ORH2ext.SetLineWeight(3);
ORH2ext.HideTitle();
def ORL2 = if ORActive2
or today < 1
then na
else ORLow2;
plot ORL2ext = if barNumber() >= highestAll(ORendBar)
then HighestAll(if isNaN(c[-1])
then ORL2[1]
else double.nan)
else double.nan;
ORL2ext.SetDefaultColor(color.Red);
ORL2ext.SetStyle(curve.Long_DASH);
ORL2ext.SetLineWeight(3);
ORL2ext.HideTitle();
def RelDay = (ORL - ORL2) / (ORH2 - ORL2);
def dColor = if RelDay > .5
then 5
else if RelDay < .5
then 6
else 4;
def pos = (ORH2 - ORL2)/10;
plot d1 = if (TimeLine , ORH2, na);
plot d2 = if (TimeLine , ORH2 - ( pos * 2), na);
plot d3 = if (TimeLine , ORH2 - ( pos * 3), na);
plot d4 = if (TimeLine , ORH2 - ( pos * 4), na);
plot d5 = if (TimeLine , ORH2 - ( pos * 5), na);
plot d6 = if (TimeLine , ORH2 - ( pos * 6), na);
plot d7 = if (TimeLine , ORH2 - ( pos * 7), na);
plot d8 = if (TimeLine , ORH2 - ( pos * 8), na);
plot d9 = if (TimeLine , ORH2 - ( pos * 9), na);
plot d10 = if (TimeLine ,(ORL2), na);
d1.SetPaintingStrategy(PaintingStrategy.POINTS);
d2.SetPaintingStrategy(PaintingStrategy.POINTS);
d3.SetPaintingStrategy(PaintingStrategy.POINTS);
d4.SetPaintingStrategy(PaintingStrategy.POINTS);
d5.SetPaintingStrategy(PaintingStrategy.POINTS);
d6.SetPaintingStrategy(PaintingStrategy.POINTS);
d7.SetPaintingStrategy(PaintingStrategy.POINTS);
d8.SetPaintingStrategy(PaintingStrategy.POINTS);
d9.SetPaintingStrategy(PaintingStrategy.POINTS);
d10.SetPaintingStrategy(PaintingStrategy.POINTS);
d1.AssignValueColor(GetColor(Dcolor));
d2.AssignValueColor(GetColor(Dcolor));
d3.AssignValueColor(GetColor(Dcolor));
d4.AssignValueColor(GetColor(Dcolor));
d5.AssignValueColor(GetColor(Dcolor));
d6.AssignValueColor(GetColor(Dcolor));
d7.AssignValueColor(GetColor(Dcolor));
d8.AssignValueColor(GetColor(Dcolor));
d9.AssignValueColor(GetColor(Dcolor));
d10.AssignValueColor(GetColor(Dcolor));
d1.HideBubble();
d2.HideBubble();
d3.HideBubble();
d4.HideBubble();
d5.HideBubble();
d6.HideBubble();
d7.HideBubble();
d8.HideBubble();
d9.HideBubble();
d10.HideBubble();
d1.HideTitle();
d2.HideTitle();
d3.HideTitle();
d4.HideTitle();
d5.HideTitle();
d6.HideTitle();
d7.HideTitle();
d8.HideTitle();
d9.HideTitle();
d10.HideTitle();
addCloud(if CloudOn == yes
then orl
else double.nan
, orl2,createColor(244,83,66), createColor(244,83,66));
addCloud(if CloudOn == yes
then orl
else double.nan
, orh2,createColor(66,244,131), createColor(66,244,131));
# Begin Risk Algorithm
# First Breakout or Breakdown bars
def Bubbleloc1 = isNaN(close[-1]);
def BreakoutBar = if ORActive
then double.nan
else if !ORActive and c crosses above ORH2
then bar
else if !isNaN(BreakoutBar[1]) and c crosses ORH2
then BreakoutBar[1]
else BreakoutBar[1];
def ATR = if ORActive2
then Round((Average(TrueRange(h, c, l), nATR)) / TickSize(), 0) * TickSize()
else ATR[1];
def cond1 = if h > ORH2 and
h[1] <= ORH2
then Round((ORH2 + (ATR * AtrTargetMult)) / TickSize(), 0) * TickSize()
else cond1[1];
plot ORLriskUP = if bar >= OREndBar and !ORActive and today
then HighestAll(ORH2ext - 2)
else double.nan;
ORLriskUP.SetStyle(Curve.Long_Dash);
ORLriskUP.SetDefaultColor(Color.Green);
ORLriskUP.HideTitle();
def crossUpBar = if close crosses above ORH2
then bar
else double.nan;
AddChartBubble(bar == HighestAll(crossUpBar), ORLriskUP, "RiskON ORH", color.green, no);
plot ORLriskDN = if bar >= OREndBar and !ORActive and close < ORL
then HighestAll(ORL2ext + 2)
else double.nan;
ORLriskDN.SetStyle(Curve.Long_Dash);
ORLriskDN.SetDefaultColor(Color.Red);
ORLriskDN.HideTitle();
def crossDnBar = if close crosses below ORL2ext
then bar
else double.nan;
AddChartBubble(bar == HighestAll(crossDnBar), HighestAll(ORLriskDN), "Risk ON ORL", color.red, yes);
# High Targets
plot Htarget = if bar >= BreakoutBar
then cond1
else double.nan;
Htarget.SetPaintingStrategy(paintingStrategy.Squares);
Htarget.SetLineWeight(1);
Htarget.SetDefaultColor(Color.White);
Htarget.HideTitle();
AddChartBubble(BubbleLoc1, Htarget, "RO", color.white, if c > Htarget then no else yes);
def condHtarget2 = if c crosses above cond1
then Round((cond1 + (ATR * AtrTargetMult)) / TickSize(), 0) * TickSize()
else condHtarget2[1];
plot Htarget2 = if bar >= BreakoutBar
then condHtarget2
else double.nan;
Htarget2.SetPaintingStrategy(PaintingStrategy.Squares);
Htarget2.SetLineWeight(1);
Htarget2.SetDefaultColor(Color.Plum);
Htarget2.HideTitle();
AddChartBubble(BubbleLoc1, Htarget2, "2nd T", color.plum, if c > Htarget2
then no
else yes);
def condHtarget3 = if c crosses above condHtarget2
then Round((condHtarget2 + (ATR * AtrTargetMult)) / TickSize(), 0) * TickSize()
else condHtarget3[1];
plot Htarget3 = if bar >= BreakoutBar
then condHtarget3
else double.nan;
Htarget3.SetPaintingStrategy(PaintingStrategy.Squares);
Htarget3.SetLineWeight(1);
Htarget3.SetDefaultColor(Color.Plum);
Htarget3.HideTitle();
AddChartBubble(isNaN(C[-1]), Htarget3, "3rd T", color.plum, if c > Htarget3 then no else yes);
def condHtarget4 = if c crosses above condHtarget3
then Round((condHtarget3 + (ATR * AtrTargetMult)) / TickSize(), 0) * TickSize()
else condHtarget4[1];
plot Htarget4 = if bar >= HighestAll(BreakoutBar)
then condHtarget4
else double.nan;
Htarget4.SetPaintingStrategy(PaintingStrategy.Squares);
Htarget4.SetLineWeight(1);
Htarget4.SetDefaultColor(Color.Plum);
Htarget4.HideTitle();
AddChartBubble(BubbleLoc1, Htarget4, "4th T", color.plum, if c > Htarget4 then no else yes);
def condHtarget5 = if c crosses above condHtarget4
then Round((condHtarget4 + (ATR * AtrTargetMult)) / TickSize(), 0) * TickSize()
else condHtarget5[1];
plot Htarget5 = if bar >= BreakoutBar
then condHtarget5
else double.nan;
Htarget5.SetPaintingStrategy(PaintingStrategy.Squares);
Htarget5.SetLineWeight(1);
Htarget5.SetDefaultColor(Color.Plum);
Htarget5.HideTitle();
AddChartBubble(BubbleLoc1, Htarget5, "5th T", color.plum, if c > Htarget5 then no else yes);
# Low Targets
def cond2 = if L < ORL2 and
L[1] >= ORL2
then Round((ORL2 - (AtrTargetMult * ATR)) / TickSize(), 0) * TickSize()
else cond2[1];
plot Ltarget = if bar >= HighestAll(OREndBar)
then highestAll(if isNaN(c[-1])
then cond2
else double.nan)
else double.nan;
Ltarget.SetPaintingStrategy(PaintingStrategy.Squares);
Ltarget.SetLineWeight(1);
Ltarget.SetDefaultColor(Color.White);
Ltarget.HideTitle();
AddChartBubble(BubbleLoc1, cond2, "RO", color.white, if c < Ltarget
then yes
else no);
def condLtarget2 = if c crosses below cond2
then Round((cond2 - (AtrTargetMult * ATR)) / TickSize(), 0) * TickSize()
else condLtarget2[1];
plot Ltarget2 = if bar >= HighestAll(OREndBar)
then highestAll(if isNaN(c[-1])
then condLtarget2
else double.nan)
else double.nan;
Ltarget2.SetPaintingStrategy(PaintingStrategy.Squares);
Ltarget2.SetLineWeight(1);
Ltarget2.SetDefaultColor(Color.Plum);
Ltarget2.HideTitle();
AddChartBubble(BubbleLoc1, condLtarget2, "2nd T", color.plum, if c < condLtarget2
then yes
else no);
def condLtarget3 = if c crosses below condLtarget2
then Round((condLtarget2 - (AtrTargetMult * ATR)) / TickSize(), 0) * TickSize()
else condLtarget3[1];
plot Ltarget3 = if bar >= HighestAll(OREndBar)
then highestAll(if isNaN(c[-1])
then condLtarget3
else double.nan)
else double.nan;
Ltarget3.SetPaintingStrategy(PaintingStrategy.Squares);
Ltarget3.SetLineWeight(1);
Ltarget3.SetDefaultColor(Color.Plum);
Ltarget3.HideTitle();
AddChartBubble(BubbleLoc1, condLtarget3, "3rd T", color.plum, if c < Ltarget3
then yes
else no);
def condLtarget4 = if c crosses condLtarget3
then Round((condLtarget3 - (AtrTargetMult * ATR)) / TickSize(), 0) * TickSize()
else condLtarget4[1];
plot Ltarget4 = if bar >= HighestAll(OREndBar)
then highestAll(if isNaN(c[-1])
then condLtarget4
else double.nan)
else double.nan;
Ltarget4.SetPaintingStrategy(PaintingStrategy.Squares);
Ltarget4.SetLineWeight(1);
Ltarget4.SetDefaultColor(Color.Plum);
Ltarget4.HideTitle();
AddChartBubble(BubbleLoc1, condLtarget4, "4th T", color.plum, if c < Ltarget4
then yes
else no);
def condLtarget5 = if c crosses condLtarget4
then Round((condLtarget4 - (AtrTargetMult * ATR)) / TickSize(), 0) * TickSize()
else condLtarget5[1];
plot Ltarget5 = if bar >= HighestAll(OREndBar)
then highestAll(if isNaN(c[-1])
then condLtarget5
else double.nan)
else double.nan;
Ltarget5.SetPaintingStrategy(PaintingStrategy.Squares);
Ltarget5.SetLineWeight(1);
Ltarget5.SetDefaultColor(Color.Plum);
Ltarget5.HideTitle();
AddChartBubble(BubbleLoc1, condLtarget5, "5th T", color.plum, if c < Ltarget5
then yes
else no);
def last = if secondsTillTime(1600) == 0 and
secondsFromTime(1600) == 0
then c[1]
else last[1];
plot LastClose = if Today and last != 0
then last
else Double.NaN;
LastClose.SetPaintingStrategy(PaintingStrategy.Dashes);
LastClose.SetDefaultColor(Color.White);
LastClose.HideBubble();
LastClose.HideTitle();
AddChartBubble(SecondsTillTime(0930) == 0, LastClose, "PC", color.gray, yes);
alert(c crosses above ORH2, "", Alert.Bar, Sound.Bell);
alert(c crosses below ORL2, "", Alert.Bar, Sound.Ring);
# End Code ORB with Risk and targets
very good.
so you just merged supretrend with ORB, right?
what is that sell@ and buy@xx ? is that part of this script since does nto show up for me when I added to my TOS
 
very good.
so you just merged supretrend with ORB, right?
what is that sell@ and buy@xx ? is that part of this script since does nto show up for me when I added to my TOS
Sorry, It is part of the Supertrend that I added after reading the entire thread multiple times. Again.. Not my code. Using words like buy and sell made more since to me. This is a great community and hope I am not stepping on any toes.

Code:
# SuperTrend
# Mobius
# Chat Room Request
# 11.20.2019 tomsk Enhanced and adjusted bubbles with coloring and description tag

input AtrMult = 1.0;
input nATR = 4;
input AvgType = AverageType.HULL;
input PaintBars = yes;
input n = 0;
def n1  = n + 1;
def ATR = MovingAverage(AvgType, TrueRange(high, close, low), nATR);
def UP = HL2 + (AtrMult * ATR);
def DN = HL2 + (-AtrMult * ATR);
def ST = if close < ST[1] then UP else DN;
plot SuperTrend = ST;
SuperTrend.AssignValueColor(if close < ST then Color.RED else Color.GREEN);
AssignPriceColor(if PaintBars and close < ST
                 then Color.RED
                 else if PaintBars and close > ST
                      then Color.GREEN
                      else Color.CURRENT);

AddChartBubble(close[n] crosses below ST[n], low[n+1] + TickSize() * n, "Sell @ " + low[n1], color.Cyan, yes);
AddChartBubble(close[n] crosses above ST[n], high[n+1] - TickSize() * n, "Buy @ " + high[n1], color.Yellow, no);

def bullish = close crosses below ST;
def bearish = close crosses above ST;

# Alerts
Alert(bullish, " ", Alert.Bar, Sound.Chimes);
Alert(bearish, " ", Alert.Bar, Sound.Bell);



# End Code SuperTrend
 
TSLA trying to cross the border going into Bull Zone but got hit with a resistance and fell back down. Supertrend came through.

LgK938z.png
Where is SuperTrend on this picture/chart?
 
@jdouglas2002 Link in the first post or you can use the Search feature.


Good morning,

I have the code and I have the SuperTrend in TOS.

I'm asking about the actual picture in the post. The picture of the chart. I don't see SuperTrend in that picture.

I see the ORB clouds, TEMA and EMA. I do not see Super Trend.

Not asking for code.
 
As in the title here is the script:

"Is there any way the signal and alert is not triggered immediately as soon as price crosses the 8EMA/open range/previous day range but is triggered only when the 5-minute bar closes above or below 8EMA/open range/previous day range? The 60 min and 15 min is ok but I want only the def t5 to be set at the close of the 5-minute bar above or below the line. This way the alert and signal is not triggered multiple times when the price starts crossing the line because of back and forth micro-movement of price. Also, how can I get a written alert of the stock price at the moment the signal is triggered?

I made the following changes using ATR so that the trigger is delayed a little bit but couldn't figure out how to trigger the signal at the close of the 5-minute bar above or below the line. Also, I used round(close,2) for stock price when an alert is triggered:"

Code:
#Calculate 5 min open range
def FirstMinute = if SecondsFromTime(0930) < 60 then 1 else 0;
def OpenRangeTime = if SecondsFromTime(0930) < 300 then 1 else 0;
def ORHigh =  if FirstMinute then high else if OpenRangeTime and high > ORHigh[1] then high else ORHigh[1];
def ORLow = if FirstMinute then low else if OpenRangeTime and low < ORLow[1] then low else ORLow[1];

#Define yesterday's high / low
def Yhigh = high(period = "day" )[1];
def Ylow = low(period = "day" )[1];

#Define combined trend
def t60 = close > ExpAverage(close(period = "1 hour" ), 8);
def t15 = close > ExpAverage(close(period = "15 min" ), 8);
def t5 = close > ExpAverage(close(period = "5 min" ), 8);
def upTrend = t60 and t15 and t5;
def dnTrend = !t60 and !t15 and !t5;

#Define Signals
def ATR = WildersAverage(TrueRange(high, close, low), 14);

def bull = upTrend and close > (Max(ORHigh, Yhigh) + ATR / 2);
def bear = dnTrend and close < (Min(ORLow, Ylow) - ATR / 2);
def neut = !bull and !bear;

#Add Labels
AddLabel(bull, "  Go  ", Color.GREEN);
AddLabel(bear, "  Go  ", Color.PINK);
AddLabel(neut, " No-Go ", Color.LIGHT_GRAY);

#Sound an alert
Alert(bull[1] and !bull[2], GetSymbolPart() + " has gone bullish at $" + Round(close[1], 2), Alert.BAR, Sound.Bell);
Alert(bear[1] and !bear[2], GetSymbolPart() + " has gone bearish at $" + Round(close[1], 2), Alert.BAR, Sound.Bell);
 
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