OPEN-SOURCE SCRIPT
ORB LAC
ORB breakout strategy based on the opening range and Fibonacci-style extensions.
Builds the ORB (5/15/30m or custom).
Uses ORB High/Low, mid 0.5 (stop), 1.1185 trigger and 1.5 target.
First break of 1.1185 above = LONG (SL mid, TP 1.5).
First break of 1.1185 below = SHORT (SL mid, TP 1.5).
Only one trade per day, intraday timeframes recommended.
For research & backtesting purposes only. Not financial advice.
Builds the ORB (5/15/30m or custom).
Uses ORB High/Low, mid 0.5 (stop), 1.1185 trigger and 1.5 target.
First break of 1.1185 above = LONG (SL mid, TP 1.5).
First break of 1.1185 below = SHORT (SL mid, TP 1.5).
Only one trade per day, intraday timeframes recommended.
For research & backtesting purposes only. Not financial advice.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.