OPEN-SOURCE SCRIPT
OR High Breakout + Volume + VWAP
//version=6
// -----------------------------------------------------------------------------
// Opening Range High Breakout With Volume, VWAP, Time, and Candle Strength Filter
// -----------------------------------------------------------------------------
// What this indicator does:
// 1. Builds an opening range from 9:30 AM to 10:30 AM Eastern Time.
// - The opening range high is the highest price reached during that window.
// - The opening range average volume is the average bar volume during that
// same 9:30 AM to 10:30 AM Eastern Time window.
//
// 2. Looks for a bullish breakout only after the opening range is complete and
// before 11:30 AM Eastern Time.
// - A breakout requires the current bar to close above the opening range high.
// - The previous bar must not have already closed above the opening range high,
// so the signal marks the actual breakout bar instead of every bar above it.
//
// 3. Requires expanded volume on the breakout bar.
// - The breakout bar's volume must be at least 1.5x the average volume from
// the opening range.
//
// 4. Requires price confirmation above VWAP.
// - The breakout bar's close must be above the current VWAP value.
//
// 5. Requires strong buying pressure on the breakout candle.
// - The breakout bar must close in the top 50% of its own high-low range.
// - This helps filter out weak breakouts that close near the lower half of
// the candle.
//
// 6. Uses confirmed bars only.
// - The signal waits for the bar to close before marking the chart or firing
// the alert condition.
//
// Visual output:
// - Draws a horizontal green line at the opening range high.
// - Marks valid breakout bars with a green triangle above the bar.
// - Applies a light green background highlight when all conditions are met.
//
// Alert output:
// - Creates an alert condition for valid breakout signals.
// - The alert message includes the symbol, close price, and bar time.
// - In TradingView, create the alert with "Once Per Bar" selected.
// -----------------------------------------------------------------------------
// Opening Range High Breakout With Volume, VWAP, Time, and Candle Strength Filter
// -----------------------------------------------------------------------------
// What this indicator does:
// 1. Builds an opening range from 9:30 AM to 10:30 AM Eastern Time.
// - The opening range high is the highest price reached during that window.
// - The opening range average volume is the average bar volume during that
// same 9:30 AM to 10:30 AM Eastern Time window.
//
// 2. Looks for a bullish breakout only after the opening range is complete and
// before 11:30 AM Eastern Time.
// - A breakout requires the current bar to close above the opening range high.
// - The previous bar must not have already closed above the opening range high,
// so the signal marks the actual breakout bar instead of every bar above it.
//
// 3. Requires expanded volume on the breakout bar.
// - The breakout bar's volume must be at least 1.5x the average volume from
// the opening range.
//
// 4. Requires price confirmation above VWAP.
// - The breakout bar's close must be above the current VWAP value.
//
// 5. Requires strong buying pressure on the breakout candle.
// - The breakout bar must close in the top 50% of its own high-low range.
// - This helps filter out weak breakouts that close near the lower half of
// the candle.
//
// 6. Uses confirmed bars only.
// - The signal waits for the bar to close before marking the chart or firing
// the alert condition.
//
// Visual output:
// - Draws a horizontal green line at the opening range high.
// - Marks valid breakout bars with a green triangle above the bar.
// - Applies a light green background highlight when all conditions are met.
//
// Alert output:
// - Creates an alert condition for valid breakout signals.
// - The alert message includes the symbol, close price, and bar time.
// - In TradingView, create the alert with "Once Per Bar" selected.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.