Continuation, Opening Range, fBO, BT, bear SC, 1CHBO, L2, W, WfBO, bull SC
Breakout Test on the 30 min chart
Always In Short (AIS) since 05/10
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.
Continue reading “Opening Range Indicator With a Tweak”
Bear gap, mid range, Opening Range, 1fBO, mW, L2, bear CH, 1CHBO, mDT, W, BX, fBO, DB, HL MTR
Always In Short (AIS) since today
Follow Through but weak close and buyers below the last higher low (Wednesday’s Outside Bar)
Bulls have a small DB
Continuation, Opening Range, L2, W, DB, mDB, W1P, mW, DT HL MTR
Always In Long (AIL) since 03/26
weak Entry Bar for the bears
DB with Thursday
Continuation, Opening Range, 1fBO, 2fBO, W, W1P, DB, WfBO, BT
Always In Short (AIS) since 03/19
H2 Signal Bar at the 50% pullback f the last leg up