Description
Simple ORB indicator with 50% level and customizable options
- 3 Session ORB visualization, you can check/uncheck any, but as seen in backtesting, price mostly moves from opening range to opening range, so its good to see where other opening ranges sits as you can aim to target other opening range in specific direction, if you hold your trade.
- Changeable specific times for any ORB, depending on strategy, some may use premarket opening range. (You can set time for ORB premarket, and ORB NY, it may give confuence in direction in some cases)
-Changeable GMT offset, so any user from any country can easy set the right time for his timezone, as its frustrating in Tradingview indicators, because you need calculate hours independently. Here you just set time from you local timezone and set GMT which you see in Ctrader itself.
-Changeable lookback period. If price goes far from ORB, later previous ORB can be roadblock/support. ORB box stops when new ORB has been made.
-Changeable colors and opacity for rectangles.
