Opening Range Breakout Indicator for ThinkorSwim

[Zlotko]

I like to trade ES and like pre-market and after-hour market. Will that not work if I do not Disable pre-market and after-hour market?

 

[cando13579]

I like to trade ES and like pre-market and after-hour market. Will that not work if I do not Disable pre-market and after-hour market?

it will work ,what i did is ,added the script twice and left one as is and changed the other to Asia opening time. hope this helps.

 

[jenn21dw]

I have added your script but it doesn't look like your screenshots, any ideas why?

 

[useThinkScript]

I have added your script but it doesn't look like your screenshots, any ideas why? View attachment 24103

Good news!
Yes, that is the layout for the opening range breakout.
Except:

• Disable pre-market and after-hour market

 

[CASTI1313]

I need help with several indicators I have been using them for a short time and I have a hard time understanding them.PC

I also want to know from these indicators the white support and the short ok I know it is a PUT but the point that comes out that means

http://tos.mx/!xke7riG8

This indicator is what I need to understand.

 

[useThinkScript]

View attachment 24462
I need help with several indicators I have been using them for a short time and I have a hard time understanding them.PC

View attachment 24463
View attachment 24464
I also want to know from these indicators the white support and the short ok I know it is a PUT but the point that comes out that means

http://tos.mx/!xke7riG8

This indicator is what I need to understand.

This is the Opening Range Breakout Strategy
You will find that the 12 pages in this thread discuss in-depth its use.
Keep this in mind:
https://usethinkscript.com/threads/...dicator-for-thinkorswim.16/page-9#post-134700


ORB strategies are one of the oldest day trading strategies.
So there is also much discussion of ORBs on the web.

 

[dart966]

Maybe with this compiled additional information from Mobius one can create a great ORB trading strategy:

Looking at Mobius' notes in thinkscript_Cloud, and found this:

Mobius' additional rules for trading ORB:

Advance/Decline Line Indicator (AD)​

Mobius' RSI-L notes:

Mobius' rules for trading Pivots:

Mobius' LRC notes:

Using Monthly POC's as additional support/resistance areas:

Hope this additional info helps!

 

[netarchitech]

Here's exactly what we're going to cover:

• the market open volume report — which tells you if the day will likely be high or low volume based on the opening period
• the opening candle continuation report — which predicts if the day will close green or red based on the first 60 minutes
• the inside bars report — which tells you how likely price is to tag yesterday's high or low
• how to combine these three reports to build a complete trading plan for the day
• real examples showing how this combination creates high-probability setups or warns you to stay out of the market

Source:

https://www.reddit.com/r/technicalanalysis/comments/1jxuy7u