it happens, some people just dont like using the "search" feature on google, if they cant use the search feature then they deserve to lose money for being lazy, they want to be hand fed. They will not make it in the trading world being lazy and not wanting to research. I can usually tell even on these forums whos not going to make it, the easy red flag are the lazy people that want to be spoon fed and cant simply use the "search" feature to answer their commonly asked question.
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Hahahah he blocked me out of the FB group when I told him I made the same indicator and pointed out that it's opening range with overnight highs and lows and a trailing stop is a trend line hahah.
Hey,
First of all, I asked him to explain the methodology, the reason why he was entering in the trade. He could not. You chimed in with a pitch. Then I asked you about why you entered in that spot and that stock and you again gave a pitch and not an actual reason for entry.
I share my methodology every single week in my setups and have step-by-step video training on how to use all of my studies, indicators, and tools so that new traders can learn to identify the same type of trades for themselves included with purchase of ORBI. There are even in-depth videos explaining what ORBI looks at, how it works to identify entry, and how you can identify stocks that are most likely to give great signals ahead of time.
This is my last reply on the topic here, if you want to continue it, we can take it off the forum into discord or chat or telegram or Facebook messenger or whatever. This community is not about this.
I changed the code in this from whats up top to whats down hereBelow are two custom watchlist columns for the Opening Range Breakout indicator. Add either one to your watchlist of stocks and it will tell you which tickers are currently breaking out, breaking down, or within the trading range of the first 30mins.
Both work the same way - just visually different. First one was created by Mobius and the second one by @WalkingBallista.
Mobius ThinkScript Lounge 2017
Rich (BB code):# 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; AddLabel(1, if close > ORhigh then "Above" else if close < ORlow then "Below" else "Inside", if close > ORhigh then color.green else if close < ORlow then color.red else color.yellow);
WalkingBallista's thinkScript Code
Code:# 30 min opening range # Robert Payne # WalkingBallista Watchlist def OpenRangeMinutes = 30; def MarketOpenTime = 0930; input ShowTodayOnly = yes; def Today = if GetDay() == GetLastDay() then 1 else 0; def FirstMinute = if SecondsFromTime(MarketOpenTime) < 60 then 1 else 0; def OpenRangeTime = if SecondsFromTime(MarketOpenTime) < 60 * OpenRangeMinutes 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]; def OpenRangeHigh = if ShowTodayOnly and !Today then Double.NaN else if !OpenRangeTime then ORHigh else Double.NaN; def OpenRangeLow = if ShowTodayOnly and !Today then Double.NaN else if !OpenRangeTime then ORLow else Double.NaN; def dailyRange = high(period = "day" )[1] - low(period = "day" )[1]; def range = Average(dailyRange, 10); plot status = if close > OpenRangeHigh then 1 else if close < OpenRangeLow then 0 else -1; status.AssignValueColor(if status == 1 then Color.Dark_Green else if status == 0 then Color.Dark_Red else Color.Dark_Orange); AssignBackgroundCOlor(if status == 1 then Color.Dark_Green else if status == 0 then Color.Dark_Red else Color.Dark_Orange);
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@BenTen contributed to this post.
I am trying to under the code to tweak it.
# ORB Watch List Column - % move To and FROM
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 "Needs " + astext(round((close - ORLow) / close * 100,2))+"%"
else if (close >= ORMid) and (close < ORHigh) then "Needs " + astext(round((close - ORhigh) / close * 100,2)) + "%"
else if (close > ORHigh) then "by " + astext(round((Close - ORhigh) / ORHigh * 100,2))+"%" else if (close < ORLow) then "by " + astext(round((ORLow - close) / close *100,2)) + "%" else "@ Level",
if close > ORHigh then color.green else if close < ORLow then color.red
else if (close >= ORMid) and (close <= ORHigh) then color.green
else if (close <= ORMid) and (close >= ORLow) < ORlow
then color.red
else color.white
);
You need to get the watchlist population down to within ToS acceptable resources before you can troubleshoot whether the expressions are calculating correctly. Your example doesn't have the resources to do anything correctly.
DO have a code that plots the second fib on charts? i like to set up flex grid and watch for which stock breakouts,,, thanks
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