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Rangebreakout

CAT Month Opening RangeA trading range which is formed during the first three trading day of any month sets an important "Month Opening Range". The lowest price made during the first three trading days can be considered the Monthly Support level (see the green line drawn by the indicator). The highest price made during the first three trading days can be considered the Monthly Resistance level (see the red line drawn by the indicator). In an Up trending market price tends to break over the upper edge of the Month Opening Range and keep moving higher at the very least until the middle of that month. In an Up trending market once price broke out of the Month Opening Range, the Monthly Resistance level tends to work as a support. In a Down trending market price tends to break under the lower edge of the Month Opening Range and keep moving higher at the very least until the middle of that month. In a Down trending market once price broke under the Month Opening Range, the Monthly Support level tends to work as a resistance There are may ways to use that instrument: (1) Trend Confirmation. The first three days of a month tends to bring volatile trading. The market sets boundaries for the following four trading weeks. Once the range has been set, swing traders may wait for the market to break out of the range and consider that direction of the prevailing trend direction. (2) Short "Failed Breakout" setup Quite often price breaks out of the Month Opening Range on the fourth or fifth trading day of a month but then drops back into the range. That failed breakout quite often is followed by decline back down to the Month Support level (the lower edge of the Month Opening Range). (3) Long "Failed Breakdown" setup Quite often price breaks down under the Month Support on the fourth or fifth trading day of a month but then pops back up over the Monthly Support. That failed breakdown quite often is followed by a rally targeting to retest the Monthly Resistance (the red line). The indicator generates signals, trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations. Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
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CastAwayTrader tarafından
2
ORBox | by Octopu$📈 ORBox | by Octopu$ ORBox is a Box for the Opening Range Breakout The Box is added automatically according to the User preferences through GUI This Indicator includes a Dropdown selection for which Range for the Breakout you want to use ORBox has built-in Alerts for when the Breakout happens according to your preferences Works in any Timeframe with any Ticker (Using SPY 5m just as an example:) www.tradingview.com SPY Features: • Opening Breakout Range (ORB) • Dropdown menu selection to choose which TF to watch • Built-in Alerts for Momentum Awareness Options: • Customization for Box Colors and Sizes • Display ORB for Current Day or Previous Notes: v1.0 ORBox Indicator release Changes and updates can come in the future for additional functionalities or per requests. Did you like it? Shoot me a message! I'd appreciate if you dropped by to say thanks. - Octopu$ 🐙
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IamtheOctopuS tarafından
6
Support and Resistance V1 This script is based on Range Support and Resistance . It works by taking the range of the day,week and month calculating them and plotting 3 layers of Support and Resistance , as soon as it gets non directional /range bound , bar color turns GRAY if its in Bullish Trend and Pink if its in Bearish Trend .. As soon as bar turns Aqua it defines BULLISH Trend and RED bar color defines Bearish Trend . This way you can easily visualize the areas of support and resistance . ----------------- Disclaimer Copyright by FaizanNawazz. The information contained in my scripts/indicators/strategies/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators are only for educational purposes! Happy Trading!
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FaizanNawazz tarafından
Range Breakout Indicator with trailing SLDear Traders, This is a simple range breakout indicator where we are creating a range based on high and low of two consecutive volatile candles. The logic is, 1) If the second candle traverse 1% up from the previous candle low (or) 2) If the second candle traverse 1% down from the previous candle high then, the range is formed based on this high and low and 3) Buy signal will be given if the price crosses above the High 4) Sell signal will be given if the price crosses below the Low The indication comes along with the Entry Indication, Exit Indication along with trailing SL Option provided for changing the session time, target %, SL % and trailing SL %. Happy Trading! P.S: Please DM for access.
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mohamedmuzamil008 tarafından
1
Range & Trend (Expo)Range & Trend (Expo) calculates the long term and short term Trading ranges as well as identifying the Trend. The indicator makes it easy to trade with the trend and to spot trading ranges. ☖ The indicator has a unique trend line that adapts to the current volatility which enables that the trend is displayed more clearly. The color and the slope of the line determines the trend. HOW TO USE Identify Long term and Short term Trading ranges Identify range breakouts Identify the trend INDICATOR IN ACTION Daily chart I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators/strategies/ideas are only for educational purposes! ACCESS THE INDICATOR • Contact me on TradingView or use the links below
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Zeiierman tarafından
40
Dotenslayer : An open range breakouts method indicator for botThis script shows the long and short points of certain Japanese bots like 'DotenKun' which use open range breakouts method. Searching recent 18 bars as default and shows the range calculated with a factor (default k = 1.6). You can edit this condition by yourself. When filled the long or short conditions, also shows the indicator on the price chart to help your trading on BTC. Also, this script can make alarm events related to those conditions. This script only works for BTCUSD, XBTUSD, BTCJPY, FXBTCJPY with 1H time span. Disclaimer : I don't own the source code of the certain bots and I didn't directly reference the source code of it. So which means, I don't guarantee this script works as same as the bots works. Also, I didn't mean to disturb their trading bot businesses. Your donations are welcome! : BTC : 327MqYGfHJFC7LRijGwQZXdTAyFwvYCzyv ETH : 0x5E270c3667E65ba6158D292a98c5b54F81AfCAf1
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yosshibox tarafından
1