Opening Ranges are important to a lot of traders because they often provide an indication of sentiment for the day’s price action. A number of trading systems rely on breakouts or failed breakouts of the extremes of the opening range.
The Price Action Opening Range indicator (indicator name: PAOpeningRange) is able to calculate the Opening Range High and Low for the first 5, 15, 30 or 60 minutes of the trading session.
It also shows the candle sticks for all of the higher time frames selected to point to a possible change of sentiment during the forming of the opening range. Closes from the higher time frame bars can be plotted on the trading chart to spot aggressive trading at these important prices.
The Signal Bar Breakout Failure indicator is now compatible with BloodHound.
Only the “plain” signals (without the entry methods) for a failed Breakout from a Signal Bar can be accessed from BloodHound.
A template how to use this indicator can be found on the BloodHound Templates page.
Please, always download the latest version of the Price Action Indicators from the Download page.
If you already had a trial of our indicators and want to check them out again, just drop us an email with your NinjaTrader Machine ID and we set you up for a another trial.
Please contact us, if you have any questions.