OPEN-SOURCE SCRIPT
ORB15min with 50% trendline
ORB 15 Minute with 50% Middle Trendline. It works to calculate the midline of market structure open after the first 15 minutes when NY stock opens.
This Script plots the high/low of NY stock session and extends it until the daily close. Then It works to calculate the midline of market structure high/low after the first 15 minutes when NY session opens.
This Script plots the high/low of NY stock session and extends it until the daily close. Then It works to calculate the midline of market structure high/low after the first 15 minutes when NY session opens.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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