[RS]Open Range Breakout V3

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Request for DCC /coondawg71
added support for using session.

theres a issue with the session it needs to have the format inverted:
(start-end) to (end-start)
'0000-1500' to '1500-0000'
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Хотите использовать этот скрипт на графике?
study(title='[RS]Open Range Breakout V3', shorttitle='ORB', overlay=true)
//  Request for DCC
mode = input(title='Mode (1:timeframe, 2:session):', type=integer, minval=1, maxval=2, defval=1)
tf = input(title='Timeframe for open range:', type=string, defval='60', confirm=false)
tf2 = input(title='Timeframe for range capture:', type=string, defval='D', confirm=false)
sess = input(title='Session for mode 2:', type=string, defval='0400-1500')

f_is_new_day(_mode) => _mode == 1 ? change(time(tf2))!=0 : _mode == 2 ? change(time(tf2, sess))!=0 : false

ND_open = f_is_new_day(mode) ? security(tickerid, tf, open) : ND_open[1]
ND_high = f_is_new_day(mode) ? security(tickerid, tf, high) : ND_high[1]
ND_low = f_is_new_day(mode) ? security(tickerid, tf, low) : ND_low[1]

ND_stretch = na(ND_stretch[1]) ? 0 : f_is_new_day(mode) ? (ND_stretch[1]*9 + security(tickerid, tf, (high-open)>=(open-low)?high-open:open-low)) / 10 : ND_stretch[1]

filter_high = f_is_new_day(mode) ? na : ND_high
filter_low = f_is_new_day(mode) ? na : ND_low

filter_high_stretch = f_is_new_day(mode) ? na : ND_high+ND_stretch
filter_low_stretch = f_is_new_day(mode) ? na : ND_low-ND_stretch

fh = plot(title='TR', series=filter_high, style=linebr, color=black)
fl = plot(title='BR', series=filter_low, style=linebr, color=black)
fhs = plot(title='TS', series=filter_high_stretch, style=linebr, color=green)
fls = plot(title='BS', series=filter_low_stretch, style=linebr, color=maroon)
fill(title='Positive Stretch', plot1=fh, plot2=fhs, color=green, transp=50)
fill(title='Negative Stretch', plot1=fl, plot2=fls, color=maroon, transp=50)


Hello Ricardo, Can you convert this into pinescript v4?
Ricardo, nice work, been looking for this but wanting it for the ES Futures, it doesn't seem to work with futures symbol - any ideas why? thanks...
thanks for h=the great work and can you explain more about the TS and BS calcualtion. I am new here. thanks
RicardoSantos davincitom
@davincitom, it calculates the range from the opening based on the timeframe and weighted by the previous value
+1 Ответить
Change = Chance.
RicardoSantos telepatico
i dont, but you may feel free to copy/adapt or ask/hire someone to do it.
Hey Ricardo. I am using this study on my TradingView account with CQG. Do you have a Thinkscript version by any change? Thanks.
RicardoSantos...What's up man...Been a long time. Your Scripts are always on point. Good Job....
RicardoSantos ChrisMoody
thx man, means a lot coming from you.
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