R-I-ORB

This is an intraday indicator which plots high and low of timeframe's first bar.

Top line - High of the first session bar
Bottom line - low of the first session bar

Requires session timing and total trading hours to plot the lines appropriately.

We can use the indicator to trade intraday opening range breakouts.

Thanks!

Notas de Lançamento:

Update : Color customization by user

Notas de Lançamento:

Added new lines,

PDH - Previous Day High
PDL - Previous Day Low

Plot Historical lines - Plot ORB, PDH & PDL lines to historical data. This setting is turned off by default. It can be turned on if we need to plot lines on historical bars.

Colors can be changed for PDH & PDL values.

Notas de Lançamento:

Risk Disclosure: This indicator does not provide buy/sell signals and relies on past data, which may not accurately reflect future outcomes. We are not liable for any profits or losses incurred. Please assess and trade at your own risk.