Page 2 | Rangebreakout — Indicators and Strategies

CAT Month Opening Range A trading range which is formed during the first three trading day of any month sets an important "Month Opening Range". The lowest price made during the first three trading days can be considered the Monthly Support level (see the green line drawn by the indicator). The highest price made during the first three trading days can be considered the Monthly Resistance level (see the red line drawn by the indicator). In an Up trending market price tends to break over the upper edge of the Month Opening Range and keep moving higher at the very least until the middle of that month. In an Up trending market once price broke out of the Month Opening Range, the Monthly Resistance level tends to work as a support. In a Down trending market price tends to break under the lower edge of the Month Opening Range and keep moving higher at the very least until the middle of that month. In a Down trending market once price broke under the Month Opening Range, the Monthly Support level tends to work as a resistance There are may ways to use that instrument: (1) Trend Confirmation. The first three days of a month tends to bring volatile trading. The market sets boundaries for the following four trading weeks. Once the range has been set, swing traders may wait for the market to break out of the range and consider that direction of the prevailing trend direction. (2) Short "Failed Breakout" setup Quite often price breaks out of the Month Opening Range on the fourth or fifth trading day of a month but then drops back into the range. That failed breakout quite often is followed by decline back down to the Month Support level (the lower edge of the Month Opening Range). (3) Long "Failed Breakdown" setup Quite often price breaks down under the Month Support on the fourth or fifth trading day of a month but then pops back up over the Monthly Support. That failed breakdown quite often is followed by a rally targeting to retest the Monthly Resistance (the red line). The indicator generates signals, trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations. Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.

Pro Trading Art Open Range Breakout Strategy This strategy is based on Selected Candle High Low Breakout with buffer point. You can select specific candle from input tab by giving time of that candle. Default Settings: Start Hour : Hour of starting candle means from this input you can specify opening candle. Default is 9. Start Minute: Minute of starting candle. Default is 15. Means Default opening candle is 9:15 Stop Hour : Means After this time no new trade will execute. End Hour & End Minute & Close All Trade : Means when you specify End Hour and Minute and Close all trade is true then strategy will close all trade on specified time. Buffer : With the help of this option you can add some point in High and low of Opening Candle Trade Mode : You can specify Target and Stop Loss in point or Percent Stop Loss Point or Percent : This will work according to Trade Mode Target Point Or Percent : This will work according to Trade Mode

Williams %R Hi! WPR is the Williams percentage range indicator in my design. The main idea is that the intersection of the indicator and the moving average in the overbought and oversold zones + color highlighting gives more clear visual signals for making trading decisions based on this indicator.

5 days range breakout strategy 5 days range breakout strategy

Dotenslayer : An open range breakouts method indicator for bot This script shows the long and short points of certain Japanese bots like 'DotenKun' which use open range breakouts method. Searching recent 18 bars as default and shows the range calculated with a factor (default k = 1.6). You can edit this condition by yourself. When filled the long or short conditions, also shows the indicator on the price chart to help your trading on BTC. Also, this script can make alarm events related to those conditions. This script only works for BTCUSD, XBTUSD, BTCJPY, FXBTCJPY with 1H time span. Disclaimer : I don't own the source code of the certain bots and I didn't directly reference the source code of it. So which means, I don't guarantee this script works as same as the bots works. Also, I didn't mean to disturb their trading bot businesses. Your donations are welcome! : BTC : 327MqYGfHJFC7LRijGwQZXdTAyFwvYCzyv ETH : 0x5E270c3667E65ba6158D292a98c5b54F81AfCAf1