OPEN-SOURCE SCRIPT
Custom NYSE Open Range
This indicator is designed for Opening Range Breakout (ORB) traders who focus on the high-intensity volatility of the New York open. By isolating the very first 5-minute candle of the session, it establishes a "Battle Zone"—the high and low of which represent the initial consensus between institutional buyers and sellers.
The Strategy: Opening Range Breakout (ORB)
The logic behind this tool is that the first 5 minutes of trading often set the "Initial Balance" for the day.
The Box (The Range): The rectangle marks the boundaries of volatility. As long as price stays inside this box, the market is in a state of "price discovery."
Bullish Scenario (Buy): A sustained breakout and candle close above the upper boundary of the M5 box signals that buyers have taken control of the session.
Bearish Scenario (Sell): A sustained breakout and candle close below the lower boundary signals that sellers are driving the momentum.
The Strategy: Opening Range Breakout (ORB)
The logic behind this tool is that the first 5 minutes of trading often set the "Initial Balance" for the day.
The Box (The Range): The rectangle marks the boundaries of volatility. As long as price stays inside this box, the market is in a state of "price discovery."
Bullish Scenario (Buy): A sustained breakout and candle close above the upper boundary of the M5 box signals that buyers have taken control of the session.
Bearish Scenario (Sell): A sustained breakout and candle close below the lower boundary signals that sellers are driving the momentum.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.