OPEN-SOURCE SCRIPT
Advanced ORB System
Very pleased with this....a highly powerful ORB indicator with tonnes of features to play around with and find the ideal settings for a high win rate!
Timezone function; America/New York. Europe/London etc
One signal per day; stops overtrading
Signal window; select a time window in which buy/sell signals are given
RVOL threshold; only take breakout trades on higher than average volume indicating institutional activity.
HTF bias; choose from daily VWAP, previous day mid point, 1H,2H,4H or 50 EMA.
ADX regime filter; <20 trend is weak, 20-25 trend is forming, >25 strong trend, >40 possibly overextended.
Wick filter; avoid fakeouts with large wicks.
Range size filter; avoid ranges that are too small or too big
These are just half the features that make a great indicator that provides buy/sell signals with a grading score. Play around with the features and find the optimal settings for the highest possible win rate with a backtest feature. I am finding serious results on the 1 minute for France40 with a 92% win rate at a 1:1RR (stop loss at the 61.8% retrace level). Happy trading boys!
Timezone function; America/New York. Europe/London etc
One signal per day; stops overtrading
Signal window; select a time window in which buy/sell signals are given
RVOL threshold; only take breakout trades on higher than average volume indicating institutional activity.
HTF bias; choose from daily VWAP, previous day mid point, 1H,2H,4H or 50 EMA.
ADX regime filter; <20 trend is weak, 20-25 trend is forming, >25 strong trend, >40 possibly overextended.
Wick filter; avoid fakeouts with large wicks.
Range size filter; avoid ranges that are too small or too big
These are just half the features that make a great indicator that provides buy/sell signals with a grading score. Play around with the features and find the optimal settings for the highest possible win rate with a backtest feature. I am finding serious results on the 1 minute for France40 with a 92% win rate at a 1:1RR (stop loss at the 61.8% retrace level). Happy trading boys!
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.