RicardoSantos

[RS]Open Range Breakout V3

Request for DCC/coondawg71
added support for using session.

theres a issue with the session it needs to have the format inverted:
(start-end) to (end-start)
'0000-1500' to '1500-0000'
Remove from Favorite Scripts Add to Favorite Scripts
//@version=2
study(title='[RS]Open Range Breakout V3', shorttitle='ORB', overlay=true)
//  Request for DCC
mode = input(title='Mode (1:timeframe, 2:session):', type=integer, minval=1, maxval=2, defval=1)
tf = input(title='Timeframe for open range:', type=string, defval='60', confirm=false)
tf2 = input(title='Timeframe for range capture:', type=string, defval='D', confirm=false)
sess = input(title='Session for mode 2:', type=string, defval='0400-1500')

f_is_new_day(_mode) => _mode == 1 ? change(time(tf2))!=0 : _mode == 2 ? change(time(tf2, sess))!=0 : false

ND_open = f_is_new_day(mode) ? security(tickerid, tf, open) : ND_open[1]
ND_high = f_is_new_day(mode) ? security(tickerid, tf, high) : ND_high[1]
ND_low = f_is_new_day(mode) ? security(tickerid, tf, low) : ND_low[1]

ND_stretch = na(ND_stretch[1]) ? 0 : f_is_new_day(mode) ? (ND_stretch[1]*9 + security(tickerid, tf, (high-open)>=(open-low)?high-open:open-low)) / 10 : ND_stretch[1]

filter_high = f_is_new_day(mode) ? na : ND_high
filter_low = f_is_new_day(mode) ? na : ND_low

filter_high_stretch = f_is_new_day(mode) ? na : ND_high+ND_stretch
filter_low_stretch = f_is_new_day(mode) ? na : ND_low-ND_stretch

fh = plot(title='TR', series=filter_high, style=linebr, color=black)
fl = plot(title='BR', series=filter_low, style=linebr, color=black)
fhs = plot(title='TS', series=filter_high_stretch, style=linebr, color=green)
fls = plot(title='BS', series=filter_low_stretch, style=linebr, color=maroon)
fill(title='Positive Stretch', plot1=fh, plot2=fhs, color=green, transp=50)
fill(title='Negative Stretch', plot1=fl, plot2=fls, color=maroon, transp=50)
thanks for h=the great work and can you explain more about the TS and BS calcualtion. I am new here. thanks
Reply
@davincitom, it calculates the range from the opening based on the timeframe and weighted by the previous value
Reply
Change = Chance.
Reply
i dont, but you may feel free to copy/adapt or ask/hire someone to do it.
Reply
Hey Ricardo. I am using this study on my TradingView account with CQG. Do you have a Thinkscript version by any change? Thanks.
Reply
RicardoSantos...What's up man...Been a long time. Your Scripts are always on point. Good Job....
Reply
thx man, means a lot coming from you.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out