This indicator help intra day trader to when to short or long and when to take profit .this is basically chrismoody"s open rang breakout but i find it little confusing so i made some changes..i hope it will help traders...its automatically draw line on 15 min open and low on 5 min chart..so its save ur time ..and also added take profit line so we can book tp1 which is 0.77% and tp2 which is 1.6%...u can also change its setting as ur trading style.. u can also put alerts for for upper range and lower rage break out and tp1/tp2....so u don't need to sit infornt of ur terminal
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 a publication is governed by House Rules. You can favorite it to use it on a chart.