Chews Opening Range Breakout — Indicator by ChewMeHarder

Simple visual tool that plots a quick 1:1 on the second bar of the day.

Short a first red candle. Long a first green candle.

Recommendations:

Use a lower time frame interval like 3m.
Keep it as a 1:1. If not, you can configure in "Optional Details".

I drafted this simple code to help me visualize automating this strategy.

Don't underestimate the power of a spicy slice of cheese.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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