Green vertical lines are showing pre market open and then the opening range as the first hour of market NYSE market open
Pre market high and low are blue lines | intraday opening range high low are in white
Trades are taken in the current direction above | below range breaks with the direction of price action using the moving averages
Price breaking through moving averages and a range is the optimal trade to enter - exit at next range for target - stop loss below the lower | higher moving average depending on short or long
A break above or below the intraday high or low and pre market high or low can give massive profits trailing your stop loss as price runs
Using MA 5 and 12 to filter out entries and exits above or below the ranges short or long is also another strategy to implement
BEST TIME FRAME TO USE IS 5 MINUTE
Notes de version
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Fixed issue plotting opening range low
This is set for NYSE time
Added inputs to adjust for your time zone and trading hours
Hi! I love this indicator. But one thing, it does not show High and Low of NY Open Range, it shows Open and Close. I would like to mark up at the upper wick and lower wick of the candles of the zone. Could you modify it? Thank you so much.
CryptoCloudHunter
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@leonardo168, hey sorry i just saw this, is this something you are still interested in having addded?
tiamatt
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Does this work for the London session too?
CryptoCloudHunter
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@tiamatt, should be able to adjust the time in the inputs of the indicator