Opening Range (ORB) Watchlist Column for ThinkorSwim

[Jrock1982]

Hey all... I love these scripts and thank you for them! I was curious if there was an alert that can be added for when the stocks switch from inside to above?

 

[BenTen]

@Jrock1982 Setup the scanner > save as watchlist > get alerted for new changes.

 

[vince92615]

Hi All

I had added Opening Range (ORB) Watchlist Column for ThinkorSwim to my TOS. it works perfect but I need a little bit of upgrade help

ORB watchlist showed current price whether it's above, in, or below the ORB.
But is there anyway we can add the ORB Highest/Lowest price to the watchlist? So I will be able to see how far my ticker will breakout/breakdown from the ORB from the Watchlist instead of the chart.

 

[BenTen]

@vince92615 So you want to plot values of opening range high and low on your watchlist column?

 

[vince92615]

@BenTen yes

 

[BenTen]

@vince92615 Here you go:

Plot value of opening range high:

# ORB Watch List Column
input StartTime = 0930;
input EndTime = 1000;
def h = high;
def l = low;
def c = close;
def ORActive = if SecondsFromTime(StartTime) > 0 and
                   SecondsTillTime(EndTime) >= 0
                then 1
                else 0;
def ORH = if ORActive and !ORActive[1]
           then h
           else if ORActive and
                   h > ORH[1]
                then h
                else ORH[1];
def ORL = if ORActive and !ORActive[1]
           then l
           else if ORActive and
                   l < ORL[1]
                then l
                else ORL[1];
def ORhigh = if !ORActive
              then ORH
               else Double.NaN;
def ORlow = if !ORActive
              then ORL
              else Double.NaN;
plot OR_high = ORH;

Plot value of opening range low:

# ORB Watch List Column
input StartTime = 0930;
input EndTime = 1000;
def h = high;
def l = low;
def c = close;
def ORActive = if SecondsFromTime(StartTime) > 0 and
                   SecondsTillTime(EndTime) >= 0
                then 1
                else 0;
def ORH = if ORActive and !ORActive[1]
           then h
           else if ORActive and
                   h > ORH[1]
                then h
                else ORH[1];
def ORL = if ORActive and !ORActive[1]
           then l
           else if ORActive and
                   l < ORL[1]
                then l
                else ORL[1];
def ORhigh = if !ORActive
              then ORH
               else Double.NaN;
def ORlow = if !ORActive
              then ORL
              else Double.NaN;
plot OR_low = ORL;

 

[vince92615]

@vince92615 Here you go:

Plot value of opening range high:

# ORB Watch List Column
input StartTime = 0930;
input EndTime = 1000;
def h = high;
def l = low;
def c = close;
def ORActive = if SecondsFromTime(StartTime) > 0 and
                   SecondsTillTime(EndTime) >= 0
                then 1
                else 0;
def ORH = if ORActive and !ORActive[1]
           then h
           else if ORActive and
                   h > ORH[1]
                then h
                else ORH[1];
def ORL = if ORActive and !ORActive[1]
           then l
           else if ORActive and
                   l < ORL[1]
                then l
                else ORL[1];
def ORhigh = if !ORActive
              then ORH
               else Double.NaN;
def ORlow = if !ORActive
              then ORL
              else Double.NaN;
plot OR_high = ORH;

Plot value of opening range low:

# ORB Watch List Column
input StartTime = 0930;
input EndTime = 1000;
def h = high;
def l = low;
def c = close;
def ORActive = if SecondsFromTime(StartTime) > 0 and
                   SecondsTillTime(EndTime) >= 0
                then 1
                else 0;
def ORH = if ORActive and !ORActive[1]
           then h
           else if ORActive and
                   h > ORH[1]
                then h
                else ORH[1];
def ORL = if ORActive and !ORActive[1]
           then l
           else if ORActive and
                   l < ORL[1]
                then l
                else ORL[1];
def ORhigh = if !ORActive
              then ORH
               else Double.NaN;
def ORlow = if !ORActive
              then ORL
              else Double.NaN;
plot OR_low = ORL;

Nice ! Thank you so much
On top of this , is there anyway can add alert ? So when price breakdown or breakout from the ORB H/L, we can know them immediately

again, thank you

 

[BenTen]

@vince92615 Yes. You need to set up a scanner for your ORB indicator and then save it as a watchlist. From there, you have the option to get alerted when the results in that watchlist changes.

 

[fredcolclough]

I played with some code to get some better OR info into watchlists, thought maybe it'd help someone else. I always seem to be missing OR breaks and am hoping this helps to anticipate them and pull up a chart/ prepare trade.

The first is the % change required to break the OR - either up or down depending on which side of the middle the stock is currently sitting.

The second is how close it is to breaking it on a comparable basis. ie: 0.9 => 90% of the way to breaking the range. These only show up when >50%.

    # ORB Watch List Column - % move to B/O
input StartTime = 0930;
input EndTime = 0945;
def h = high;
def l = low;
def c = close;
def ORActive = if SecondsFromTime(StartTime) > 0 and
                   SecondsTillTime(EndTime) >= 0
                then 1
                else 0;
def ORH = if ORActive and !ORActive[1]
           then h
           else if ORActive and
                   h > ORH[1]
                then h
                else ORH[1];
def ORL = if ORActive and !ORActive[1]
           then l
           else if ORActive and
                   l < ORL[1]
                then l
                else ORL[1];
def ORhigh = if !ORActive
              then ORH
               else Double.NaN;
def ORlow = if !ORActive
              then ORL
              else Double.NaN;

def ORMid = if !ORActive
               then (ORHigh + ORLow) / 2
               else Double.NaN;

def ORRange = if !ORActive
                then ORHigh - ORLow
                else Double.NaN;

AddLabel(1, 
if (close < ORMid) and (close > ORLow) then "-" + astext(round((close - ORLow) / close * 100,2))+"%"
    else if (close >= ORMid) and (close < ORHigh) then "+" + astext(round((ORHigh - close) / close * 100,2)) + "%"
    else "-",

if close > ORHigh or close < ORLow then color.white
    else if (close >= ORMid) and (close < ORHigh) then color.green
    else if (close < ORMid) and (close > ORLow) < ORlow then color.red
    else color.white
);

# ORB Watch List Column - near B/O
input StartTime = 0930;
input EndTime = 0945;
def h = high;
def l = low;
def c = close;
def ORActive = if SecondsFromTime(StartTime) > 0 and
                   SecondsTillTime(EndTime) >= 0
                then 1
                else 0;
def ORH = if ORActive and !ORActive[1]
           then h
           else if ORActive and
                   h > ORH[1]
                then h
                else ORH[1];
def ORL = if ORActive and !ORActive[1]
           then l
           else if ORActive and
                   l < ORL[1]
                then l
                else ORL[1];
def ORhigh = if !ORActive
              then ORH
               else Double.NaN;
def ORlow = if !ORActive
              then ORL
              else Double.NaN;

def ORMid = if !ORActive
               then (ORHigh + ORLow) / 2
               else Double.NaN;

def ORRange = if !ORActive
                then ORHigh - ORLow
                else Double.NaN;

AddLabel(1,

    if close >= ORMid and close <ORHigh and 1 - round((ORHigh - close) / (ORHigh - ORMid),1) >= 0.6 then astext(1 - round((ORHigh - close) / (ORHigh - ORMid),1))
    else if close < ORMid and close >ORLow and round((ORMid - close) / (ORMid - ORLow),1) >= 0.5 then astext(round((ORMid - close) / (ORMid - ORLow),1))
    else "-"
);

 

[VicD]

I played with some code to get some better OR info into watchlists, thought maybe it'd help someone else. I always seem to be missing OR breaks and am hoping this helps to anticipate them and pull up a chart/ prepare trade.
...

This is only for long. I like to play for long from mid opening range or from second try, I have noticed if it hits the first T-1 and then does not reach it again, it's a good chance it will go to T2 or T3 to the upside. Then you also have the down side.

 

[fredcolclough]

This is only for long. I like to play for long from mid opening range or from second try, I have noticed if it hits the first T-1 and then does not reach it again, it's a good chance it will go to T2 or T3 to the upside. Then you also have the down side.

Interesting - so you wait for a mid break with stop at opening low? Similar idea to high break with stop at mid. From my limited experience most will hit a 2:1 RR but I'll have to keep yours in mind.

 

[Falconaimc]

Greetings, Unfortunately I have used my all available Custom quotes in TOS. Now unable to add any new watch list columns due to it. Would appreciate any input about fixing.

 

[BenTen]

@Falconaimc You can still import someone's else column and use it. You can find the ORB watchlist columns on the first page of this thread.

 

[Subclip]

I played with some code to get some better OR info into watchlists, thought maybe it'd help someone else. I always seem to be missing OR breaks and am hoping this helps to anticipate them and pull up a chart/ prepare trade.

The first is the % change required to break the OR - either up or down depending on which side of the middle the stock is currently sitting.

The second is how close it is to breaking it on a comparable basis. ie: 0.9 => 90% of the way to breaking the range. These only show up when >50%.

    # ORB Watch List Column - % move to B/O
input StartTime = 0930;
input EndTime = 0945;
def h = high;
def l = low;
def c = close;
def ORActive = if SecondsFromTime(StartTime) > 0 and
                   SecondsTillTime(EndTime) >= 0
                then 1
                else 0;
def ORH = if ORActive and !ORActive[1]
           then h
           else if ORActive and
                   h > ORH[1]
                then h
                else ORH[1];
def ORL = if ORActive and !ORActive[1]
           then l
           else if ORActive and
                   l < ORL[1]
                then l
                else ORL[1];
def ORhigh = if !ORActive
              then ORH
               else Double.NaN;
def ORlow = if !ORActive
              then ORL
              else Double.NaN;

def ORMid = if !ORActive
               then (ORHigh + ORLow) / 2
               else Double.NaN;

def ORRange = if !ORActive
                then ORHigh - ORLow
                else Double.NaN;

AddLabel(1,
if (close < ORMid) and (close > ORLow) then "-" + astext(round((close - ORLow) / close * 100,2))+"%"
    else if (close >= ORMid) and (close < ORHigh) then "+" + astext(round((ORHigh - close) / close * 100,2)) + "%"
    else "-",

if close > ORHigh or close < ORLow then color.white
    else if (close >= ORMid) and (close < ORHigh) then color.green
    else if (close < ORMid) and (close > ORLow) < ORlow then color.red
    else color.white
);

# ORB Watch List Column - near B/O
input StartTime = 0930;
input EndTime = 0945;
def h = high;
def l = low;
def c = close;
def ORActive = if SecondsFromTime(StartTime) > 0 and
                   SecondsTillTime(EndTime) >= 0
                then 1
                else 0;
def ORH = if ORActive and !ORActive[1]
           then h
           else if ORActive and
                   h > ORH[1]
                then h
                else ORH[1];
def ORL = if ORActive and !ORActive[1]
           then l
           else if ORActive and
                   l < ORL[1]
                then l
                else ORL[1];
def ORhigh = if !ORActive
              then ORH
               else Double.NaN;
def ORlow = if !ORActive
              then ORL
              else Double.NaN;

def ORMid = if !ORActive
               then (ORHigh + ORLow) / 2
               else Double.NaN;

def ORRange = if !ORActive
                then ORHigh - ORLow
                else Double.NaN;

AddLabel(1,

    if close >= ORMid and close <ORHigh and 1 - round((ORHigh - close) / (ORHigh - ORMid),1) >= 0.6 then astext(1 - round((ORHigh - close) / (ORHigh - ORMid),1))
    else if close < ORMid and close >ORLow and round((ORMid - close) / (ORMid - ORLow),1) >= 0.5 then astext(round((ORMid - close) / (ORMid - ORLow),1))
    else "-"
);

I tried to add these script to my watchlist column but they are both blank. Any help would be appreciated.

 

[BenTen]

@Subclip The market is closed. Keep an eye on it during trading hours.

 

[geebeeaye]

@fredcolclough how can I scan for stocks where OR_SPOT >.90 <.95?

 

[rad14733]

@fredcolclough how can I scan for stocks where OR_SPOT >.90 <.95?

Use Between()... You really should put the link to the Learning Center in your Bookmarks/Favorites...

 

[geebeeaye]

I used @fredcolclough idea to add an "upper range" to the breakout zone. Here is the study and scanner. I'm not getting many results on my scanner, is this due to TOS limitations on it's scanning power? Does anyone have recommendations on simplifying either my study or scanner so TOS finds more results?

# ORB Watch List Column - near B/O
input StartTime = 0929;
input EndTime = 1000;
input CloudOn  = yes;     #hint CloudOn: Clouds Opening Range.
def h = high;
def l = low;
def c = close;
def ORActive = if SecondsFromTime(StartTime) > 0 and
                   SecondsTillTime(EndTime) >= 0
                then 1
                else 0;
def ORH = if ORActive and !ORActive[1]
           then h
           else if ORActive and
                   h > ORH[1]
                then h
                else ORH[1];
def ORL = if ORActive and !ORActive[1]
           then l
           else if ORActive and
                   l < ORL[1]
                then l
                else ORL[1];
def ORhigh = if !ORActive
              then ORH
               else Double.NaN;
def ORlow = if !ORActive
              then ORL
              else Double.NaN;

def ORMid = if !ORActive
               then (ORhigh + ORlow) / 2
               else Double.NaN;

def ORRange = if !ORActive
                then ORhigh - ORlow
                else Double.NaN;

def ORL3 = if !ORActive
              then ORL
              else Double.NaN;



plot ORh2 = ORhigh;
plot ORl2 = ORlow;
plot ORm1 = (ORhigh + ORlow) / 2;
plot ORU = (ORhigh + ORmid) / 2;

addCloud(if CloudOn == yes
         then ORu
         else double.nan
        , orm1,createColor(66,244,131), createColor(66,244,131));
addCloud(if CloudOn == yes
         then orh2
         else double.nan
        , ORu,createColor(238,130,238), createColor(238,130,238));
addCloud(if CloudOn == yes
         then orl3
         else double.nan
,orm1,createColor(244,83,66), createColor(244,83,66));

Scanner
https://tos.mx/sTKfsby

 

[VicD]

Did you guys see this guy pedaling pretty much a free indicator from here plus overnight highs and lows https://www.momentum-options.com/orbi

 

[rad14733]

Did you guys see this guy pedaling pretty much a free indicator from here plus overnight highs and lows https://www.momentum-options.com/orbi

There are a lot of shady characters out there taking advantage of unknowing novice traders...