This Indicator will print basically 4 lines. You have to understand the importance of the "Initial Balance" the first trading hour of Cash session is very important in trading stocks and indizes. So you will get 4 lines: Opening Initial Balance High Initial Balance Low Initial Balance Midpoint/Halfback Most indicators for Range Box, Opening Trade,...
This indicator uses the concept of the "Opening Range" to create a Fibonacci zone from the high and low set during a specific time period after open (Defaults to 9:30 - 10:05 AM, EST) The Opening Range is a popular tool for intraday technical analysis. Price frequently uses these levels as support/resistance, and a breakout from within the range can be a sign of...
This is an intraday indicator which plots high and low of timeframe's first bar. Top line - High of the first session bar Bottom line - low of the first session bar Requires session timing and total trading hours to plot the lines appropriately. We can use the indicator to trade intraday opening range breakouts. Thanks!
This Indicator Session time is Indian NSE Equity Market This is plot By Default Opening Range First Candle High and Low What is the First Range? First Range after plot when Opening Range High Above Open candle What is the Second Range? Second Range after plot when Opening Range Low Below Open candle 1: purple line are first Candle High and low 2: first...
Hello Traders .. this is the strategy for opening range 15 min high low auto marking tool