OPEN-SOURCE SCRIPT
Intraday ORB Breakout Indicator
This is only applicable to intraday trading in 15 minutes timeframe.
It highlights the 1-hour range in Indian markets i.e. 9.15 AM to 10.15 AM.
If the price shows a breakout of a 1-hour High or a breakdown of a 1-hour low and the breakout/breakdown candle has less than 20% of the wick (selling wick in breakout and buying wick in breakdown) in the 15-minute chart, then it will set an alert 'Long' or 'Short' on the chart.
However, to take a trade, one must wait for the break of the high of the breakout candle for a long trade or a break of the low of the breakdown candle for a short trade. Besides, one should follow proper risk management rules to manage their trades.
It highlights the 1-hour range in Indian markets i.e. 9.15 AM to 10.15 AM.
If the price shows a breakout of a 1-hour High or a breakdown of a 1-hour low and the breakout/breakdown candle has less than 20% of the wick (selling wick in breakout and buying wick in breakdown) in the 15-minute chart, then it will set an alert 'Long' or 'Short' on the chart.
However, to take a trade, one must wait for the break of the high of the breakout candle for a long trade or a break of the low of the breakdown candle for a short trade. Besides, one should follow proper risk management rules to manage their trades.
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Vous voulez utiliser ce script sur un graphique ?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.