Pre Market \ Opening Range High Low

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

Versionsinformation:

Fixed issue plotting opening range low

This is set for NYSE time

Added inputs to adjust for your time zone and trading hours

Versionsinformation:

Made range high and low instead of candle bodies