Opening Range Breakout (ORB) Scanner for ThinkorSwim

[Golden Slacks]

Can someone share the link for ORB BD not the scanner im not sure what is the right one? Any help would be appreciated

Link: https://usethinkscript.com/threads/opening-range-breakout-orb-scanner-for-thinkorswim.68/

 

[ingr0504]

Hi - I'm trying to figure out how this scanner is supposed to be used. This is my first day trying it....I've run it against my watchlist with no hits. But I noticed an alert notified me of a breakout...I just happened to be on the chart of that particular stock at the time. Can someone help me put this to use?

 

[BenTen]

@ingr0504 Did you follow the instructions on the first page of this thread? How did you set up your scanner? Share a screenshot of it.

 

[Madhu]

HI Ben, I am able to add ORB Indicator and scanner also , I am getting the watch list , how to pick the more probability trades from the scanner.

Please provide your inputs.

I want to pick a stock when it reach to yellow dotted line but when I see my watch list non of the stock near to yellow dotted line.

 

[andre.muhammad]

I have made an attempt here, but something here is not correct. Any help with this would be greatly appreciated.

input aggregationPeriod = AggregationPeriod.15_Min;
def open = open(period = aggregationPeriod);
def high = high(period = aggregationPeriod)[15_min];
def low = low(period = aggregationPeriod)[15_min];


plot 15 min Candle high = ;
plot 15 min Candle Low

 

[Pensar]

I have made an attempt here, but something here is not correct. Any help with this would be greatly appreciated.

input aggregationPeriod = AggregationPeriod.15_Min;
def open = open(period = aggregationPeriod);
def high = high(period = aggregationPeriod)[15_min];
def low = low(period = aggregationPeriod)[15_min];


plot 15 min Candle high = ;
plot 15 min Candle Low

@andre.muhammad Try this - https://usethinkscript.com/threads/opening-range-breakout-orb-scanner-for-thinkorswim.68/ , then adjust the input times. Also, search for "Opening Range Breakout" on this site - you will find a plethora of results.

 

[StrawberryFields]

Is there a script to put the ORB Indicator on the charts? I have the scanner but would like an indicator on my chart if possible.

Thanks

 

[BenTen]

@StrawberryFields You can find that indicator here https://usethinkscript.com/threads/opening-range-breakout-indicator-for-thinkorswim.16/

 

[Six6God]

@BenTen I added this ORB to my chart is it possible for me to turn off or get rid of the vertical high/low ( yellow bar ) and the shaded area ?
I only want to see the bull and bear zones from market open to close.

Please and Thank You

 

[BenTen]

@Six6God Go into the indicator's settings and unplot them.

 

[Umeshnath]

Do i need to adjust time zone ? Market opens at 9.30 EST , I am from PST and my system time is based out PST , do i need to adjust to 6.30?

 

[BenTen]

@Umeshnath It should be EST time.

 

[wstander]

About the number of results issue. If you build a watchlist you can set the scan to just use that watchlist. In addition to names I find on my own, the IBD top lists have been useful for me.

 

[TinCanFury]

I too am having issues with the ORB scanners and columns not providing useful data. almost all the stocks the scanner finds I can't even get data to load for in ToS in the charts, and all the Column scripts always show "Above" even when the stocks have dropped below the lower Fib bar.
They all "run", they're just not doing what they say they should be doing.

edit: had to make some changes but got them to work, and they're working quite well!

 

[Batman]

@full_of_options Give this a try: https://tos.mx/NzMhcR

I named my indicator "BetterORB" so make sure you change yours to that or change the source code to match with however you named your indicator.

I'm showing up really late to the party with this question, but when I imported the BetterORB scanner and renamed my indicator "BetterORB", TOS tells me: "com.devexperts.tos.thinkscript.runtime.TooComplexException: The complexity of the expression suggests that it may not be reliable with real-time data." I get this same message even if I try to create a scanner within TOS that in any way involves the ORB. Any suggestions?

 

[MerryDay]

@Batman somewhere along the way you must be skipping a step if you are getting errors on all your scans.
Here is a step-by-step guide.

Part One --
Load Shared Study Link: http://tos.mx/oxkzZsr Save the study under the name: BetterOrb. (if you skip this part the scanner in part two will not work)
Click here for --> Easiest way to load shared links

Part Two --
Import the link for the scanner:
Shared Link: https://tos.mx/NzMhcR

 

[Batman]

Did you follow the directions in the first post...??? What symbol list are you attempting to scan in...??? If you don't get a syntax error then most errors are due to attempting to scan too long of a watchlist... I usually scan my short watchlists or a specific exchange but some exchanges can even throw errors depending on scan codes inherent complexity...

Oh, that might be my problem. The scan is too long of a watchlist. I'm actually trying to come up with a simple one right now. A watchlist column that shows what is the previous bar's % change from open to close. I notice that yesterday's big movers all had their parabolic moves kicked off by a long green candle on the 1m column. We could get in on the parabolic moves early if there were a watchlist that could filter them to the top of the list of results. I guess it's even better if it can be scanned, so an alert is sent out as well.

 

[--WeS--]

@full_of_options Give this a try: https://tos.mx/NzMhcR

I named my indicator "BetterORB" so make sure you change yours to that or change the source code to match with however you named your indicator.

BenTen.....Is there any way I can get this code but for 15 minute ORB instead of 30?

 

[MerryDay]

@wes I believe this ORB indicator works on 15min: https://usethinkscript.com/threads/opening-range-breakout-orb-scanner-for-thinkorswim.68/

 

[Antares66]

@netarchitech
What I find great is, that your scanner shows all symbols, which crosses the opening range within the trading day.
Ben's scanner has a limitation, because it includes "within 2 bars" so only the last 10 minutes are shown. After 10 minutes the symbols on the watchlist will disappear. For a long time I'm searching for the option to see historically which symbols met the scanner criteria over the day. For example trade-ideas shows all symbols an alert was triggered for.