OPEN-SOURCE SCRIPT

RegalRides Pro Indicator

509
egalRides Pro Indicator identifies opening range breakout opportunities using the first two 15-minute candles of the session.

Logic:

First 15-minute candle defines the range

If second 15-minute candle closes above the first candle high = BUY

If second 15-minute candle closes below the first candle low = SELL

Features:

One signal per day

Stop Loss and Target levels

Risk:Reward based targets

Designed for intraday traders

Best suited for 15-minute charts

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