OPEN-SOURCE SCRIPT

Opening Range Breakout (ORB)

This is an Opening Range Break indicator. Best if used on a 5 minute chart. It plots the opening 30 minutes high and low of a ticker. (meaning mostly for stocks, options, etfs) and then it alerts a buy signal upon break of opening high and a sell signal upon break of opening low. This is a day trading type of indicator and there is a new opening range everyday.




Penafian