Timing when day trading can be everything
In Stock markets typically more volatility (or price activity) occurs at market opening and closings
When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open...
This script plots the high/low of any custom session and extends it until the daily close. It does not show on the timeframe higher than the length of custom opening session by default.
The time period of opening range & the max timeframe to display it on can be adjusted from the settings.
So for eg. if want to use 5m ORB to trade, then set "ORB total time"...
This will place circles on your chart for the opening daily price. If price is above, the circles are green. If price is below, the circles are red. I wanted to be able to see the opening price a bit easier while in smaller time frames.
I decided to add the previous daily closing line to the original script. Basically looking for good support / resistance
This script plots the current daily, weekly and monthly opens (all enabled by default).
Here are some additional info about the drawing behavior:
Daily open is shown only on intraday timeframes
Weekly open is shown only on timeframes < weekly
Monthly open is shown only on timeframes < monthly
Session Levels - Ultimate Range Indicator
Primarily developed for trading the E-MINI Futures Markets like NQ or ES from the CME Group,
but also more than suitable for Crypto or other instruments.
This indicator highlights the chosen session, which can be Globex, Asian, London and New York.
It plots the important levels and also renders the Opening Range as it...
Fibonacci Opening Range it is 50% and 0.61% of 5 min or 30min or 1 hour opening candle
search buying opportunities below 0.61
and selling opportunities above 0.50
Also acts as good support and resistance in intraday
BEST RESULTS IN INDEXES
Thanks & Best Regards
This script plots the 30min Opening Range as well as the previous day's high & low.
Blue Line = Top of the 30min Opening Range for the session
Pink Line = Bottom of the 30min Opening Range for the session
White Line = Mid-Point of the 30min Opening Range for the session
White Transparent Area = The full range of the 30min Opening Range
Green Line =...
See previous version for explanation of the 30min Opening Range:
This new version is for users that prefer to see the Opening Range Extensions.
The extensions are based on the distance from the Opening Range High to the Mid Point (or Low to the Mid Point).
Problem & Trading Relevance
When people and especially investors and traders wake up, they will very likely check the crypto markets if they are invested. Thus higher volatility can be expected during this time. Also during the opening hours of the stock exchanges higher volatility can be expected.
For people who are checking their crypto portfolio on a daily...
Example how to overlay the first lower timeframe bar of the day across the entire day. Set chart to a timeframe that is lower than 1 Day period. Also included option for coloring wick pressure of that bar.
NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have...
This script shows the change from the market opening price to the market closing price of the previous day in percent.
With this you can quickly get an overview of historical data for the change of the respective day.
Important: the market closing price is always used for the calculation and not the pre/post market price.
The label with the change value is...
ORB Opening Range Breakout 5 and 3O Minute Indicator
Kudos to Chris Moody for the inspiration to create my first indicator.
The 5 and 30 run together at times but the scalp would be when the equity breaks the 5 go long or short for the scalp and when it breaks the 30 go for the swing trade.
PA Trading v1 will basically help you find the weekly and monthly strong support resistance points by automatically drawing lines for Daily opening, monday high and low, Weekly opening, Monthly opening, Last week's opening and last month's opening points on the chart.
Library "Tosch Market Sessions"
Returns if the NYSE, London SE, Tokyo SE are open
@function Returns if the NYSE (US), London SE (GB), Tokyo SE (JP) are open
bus, bgb, bjp - bool: true if the corresponding exchange is open
count - int: count of how many exchanges are open at the moment
ccolor - color: color that...