ORB PotentialWhen indicator line shows rising trend, it means market has been good candidate for Intra-day ORB trading strategy. Indicator measures market's tendency of uni-directional moves during intra-day. Markets with rising indicator line can be used for Intra-day ORB trading in anticipation of continuing its past tendency to show intra-day unidirectional moves.
Orb
GS_Opening-Range-V1ORB Opening Range Breakout 5 and 3O Minute Indicator
Kudos to Chris Moody for the inspiration to create my first indicator.
The 5 and 30 run together at times but the scalp would be when the equity breaks the 5 go long or short for the scalp and when it breaks the 30 go for the swing trade.
