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Katalyst's Opening Range Breakout + No Trade Zone
📜Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.
---
🎯Key Features:
1. **Customizable Opening Range**:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.
2. **Dynamic Line Styling**:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.
3. **No Trade Zone** *(Optional / Disabled by default)*:
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.
4. **Labels for Precision**:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.
5. **Clean and Efficient Updates**:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.
---
⚙️How to Use:
1. **Select Your Timeframe**:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.
2. **Customize the Visuals**:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.
3. **Interpret the Breakout**:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.
---
🛠Settings:
---
📈Ideal For
---
🔍Example Usage:
---
✨Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.
---
Let me know if you need any additional tweaks or clarifications for this description. It's all set to help traders understand and use your powerful script! 🚀📈
📜Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.
---
🎯Key Features:
1. **Customizable Opening Range**:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.
2. **Dynamic Line Styling**:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.
3. **No Trade Zone** *(Optional / Disabled by default)*:
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.
4. **Labels for Precision**:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.
5. **Clean and Efficient Updates**:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.
---
⚙️How to Use:
1. **Select Your Timeframe**:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.
2. **Customize the Visuals**:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.
3. **Interpret the Breakout**:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.
---
🛠Settings:
- Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
- Line Color: Set the color of the range lines.
- Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
- Line Style: Choose line style: Solid, Dashed, or Dotted.
- Label Colors: Customize the label colors for the high and low values.
- Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
- No Trade Zone Color: Set the fill color for the no trade zone.
- No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.
---
📈Ideal For
- Day traders and scalpers looking to trade **breakouts**.
- Traders who want to identify areas of consolidation visually.
- Anyone who relies on the **opening range** for their trading strategy.
---
🔍Example Usage:
- Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
- Watch for price to break above or below the high/low lines to signal potential trade opportunities.
---
✨Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.
---
Let me know if you need any additional tweaks or clarifications for this description. It's all set to help traders understand and use your powerful script! 🚀📈
Nota Keluaran
Katalyst's Opening Range Breakout + No Trade Zone📜Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.
---
🎯Key Features:
1. Customizable Opening Range:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.
2. Dynamic Line Styling:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.
3. No Trade Zone (Optional / Disabled by default):
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.
4. Labels for Precision:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.
5. Clean and Efficient Updates:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.
---
⚙️How to Use:
1. Select Your Timeframe:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.
2. Customize the Visuals:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.
3. Interpret the Breakout:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.
---
🛠Settings:
Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
Line Color: Set the color of the range lines.
Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
Line Style: Choose line style: Solid, Dashed, or Dotted.
Label Colors: Customize the label colors for the high and low values.
Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
No Trade Zone Color: Set the fill color for the no trade zone.
No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.
---
📈Ideal For:
Day traders and scalpers looking to trade **breakouts**.
Traders who want to identify areas of consolidation visually.
Anyone who relies on the **opening range** for their trading strategy.
---
🔍Example Usage:
Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
Watch for price to break above or below the high/low lines to signal potential trade opportunities.
---
✨Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.
--
Thanks for stopping by!
Let me know if you have any suggestions for improving the indicator!
Good luck! 🙏
Nota Keluaran
Katalyst's Opening Range Breakout + No Trade Zone12/13/24 Update: You can now select what trading sessions you would like enabled
📜Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.
---
🎯Key Features:
1. Customizable Opening Range:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.
2. Dynamic Line Styling:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.
3. No Trade Zone (Optional / Disabled by default):
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.
4. Labels for Precision:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.
5. Clean and Efficient Updates:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.
---
⚙️How to Use:
1. Select Your Timeframe:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.
2. Customize the Visuals:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.
3. Interpret the Breakout:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.
---
🛠Settings:
Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
Line Color: Set the color of the range lines.
Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
Line Style: Choose line style: Solid, Dashed, or Dotted.
Label Colors: Customize the label colors for the high and low values.
Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
No Trade Zone Color: Set the fill color for the no trade zone.
No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.
---
📈Ideal For:
Day traders and scalpers looking to trade **breakouts**.
Traders who want to identify areas of consolidation visually.
Anyone who relies on the **opening range** for their trading strategy.
---
🔍Example Usage:
Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
Watch for price to break above or below the high/low lines to signal potential trade opportunities.
---
✨Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.
--
Thanks for stopping by!
Let me know if you have any suggestions for improving the indicator!
Good luck! 🙏
Nota Keluaran
Katalyst's Opening Range Breakout + No Trade ZoneUpdate 12/13/24: Added multiple trading session capability.
📜Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.
---
🎯Key Features:
1. Customizable Opening Range:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.
2. Dynamic Line Styling:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.
3. No Trade Zone (Optional / Disabled by default):
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.
4. Labels for Precision:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.
5. Clean and Efficient Updates:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.
---
⚙️How to Use:
1. Select Your Timeframe:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.
2. Customize the Visuals:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.
3. Interpret the Breakout:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.
---
🛠Settings:
Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
Line Color: Set the color of the range lines.
Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
Line Style: Choose line style: Solid, Dashed, or Dotted.
Label Colors: Customize the label colors for the high and low values.
Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
No Trade Zone Color: Set the fill color for the no trade zone.
No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.
---
📈Ideal For:
Day traders and scalpers looking to trade **breakouts**.
Traders who want to identify areas of consolidation visually.
Anyone who relies on the **opening range** for their trading strategy.
---
🔍Example Usage:
Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
Watch for price to break above or below the high/low lines to signal potential trade opportunities.
---
✨Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.
--
Thanks for stopping by!
Let me know if you have any suggestions for improving the indicator!
Good luck! 🙏
Nota Keluaran
Katalyst's Opening Range Breakout + No Trade ZoneUpdate 12/16/24: Fixed an issue when plotting ORB High/Low of a timeframe that's lower than the current chart.
Update 12/13/24: Added multiple trading session capability.
📜Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.
---
🎯Key Features:
1. Customizable Opening Range:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.
2. Dynamic Line Styling:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.
3. No Trade Zone (Optional / Disabled by default):
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.
4. Labels for Precision:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.
5. Clean and Efficient Updates:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.
---
⚙️How to Use:
1. Select Your Timeframe:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.
2. Customize the Visuals:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.
3. Interpret the Breakout:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.
---
🛠Settings:
Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
Line Color: Set the color of the range lines.
Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
Line Style: Choose line style: Solid, Dashed, or Dotted.
Label Colors: Customize the label colors for the high and low values.
Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
No Trade Zone Color: Set the fill color for the no trade zone.
No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.
---
📈Ideal For:
Day traders and scalpers looking to trade **breakouts**.
Traders who want to identify areas of consolidation visually.
Anyone who relies on the **opening range** for their trading strategy.
---
🔍Example Usage:
Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
Watch for price to break above or below the high/low lines to signal potential trade opportunities.
---
✨Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.
--
Thanks for stopping by!
Let me know if you have any suggestions for improving the indicator!
Good luck! 🙏
Nota Keluaran
Added Daylight Savings support into the code.Nota Keluaran
Update 3/14/24: Added the ability to customize different session colors, specify how many previous sessions are displayed, and enable midpoint lines. Thank you for the suggestions everyone!Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.