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.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.