open range break out intraday with tp

HI.. friends publishing ::********************************* open range break out intraday with tp********************************************

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

Dr Aakash parikh
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 a publication is governed by House Rules. You can favorite it to use it on a chart.


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.

Want to use this script on a chart?