Katalyst's Opening Range Breakout

2024년 12월 12일

Katalyst's Opening Range Breakout + No Trade Zone

📜Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.

---

🎯Key Features:

1. **Customizable Opening Range**:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.

2. **Dynamic Line Styling**:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.

3. **No Trade Zone** *(Optional / Disabled by default)*:
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.

4. **Labels for Precision**:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.

5. **Clean and Efficient Updates**:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.

---

⚙️How to Use:
1. **Select Your Timeframe**:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.

2. **Customize the Visuals**:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.

3. **Interpret the Breakout**:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.

---

🛠Settings:

• Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
  
• Line Color: Set the color of the range lines.
  
• Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
  
• Line Style: Choose line style: Solid, Dashed, or Dotted.
  
• Label Colors: Customize the label colors for the high and low values.
  
• Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
  
• No Trade Zone Color: Set the fill color for the no trade zone.
  
• No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.
  

---

📈Ideal For

• Day traders and scalpers looking to trade **breakouts**.
  
• Traders who want to identify areas of consolidation visually.
  
• Anyone who relies on the **opening range** for their trading strategy.
  

---

🔍Example Usage:

• Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
  
• Watch for price to break above or below the high/low lines to signal potential trade opportunities.
  

---

✨Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.

---

Let me know if you need any additional tweaks or clarifications for this description. It's all set to help traders understand and use your powerful script! 🚀📈

2024년 12월 12일

릴리즈 노트

Katalyst's Opening Range Breakout + No Trade Zone

📜Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.

---

🎯Key Features:

1. Customizable Opening Range:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.

2. Dynamic Line Styling:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.

3. No Trade Zone (Optional / Disabled by default):
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.

4. Labels for Precision:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.

5. Clean and Efficient Updates:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.

---

⚙️How to Use:
1. Select Your Timeframe:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.

2. Customize the Visuals:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.

3. Interpret the Breakout:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.

---

🛠Settings:
Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
Line Color: Set the color of the range lines.
Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
Line Style: Choose line style: Solid, Dashed, or Dotted.
Label Colors: Customize the label colors for the high and low values.
Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
No Trade Zone Color: Set the fill color for the no trade zone.
No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.

---

📈Ideal For:
Day traders and scalpers looking to trade **breakouts**.
Traders who want to identify areas of consolidation visually.
Anyone who relies on the **opening range** for their trading strategy.

---

🔍Example Usage:
Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
Watch for price to break above or below the high/low lines to signal potential trade opportunities.

---

✨Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.

--
Thanks for stopping by!
Let me know if you have any suggestions for improving the indicator!
Good luck! 🙏

2024년 12월 13일

릴리즈 노트

Katalyst's Opening Range Breakout + No Trade Zone

12/13/24 Update: You can now select what trading sessions you would like enabled

📜Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.

---

🎯Key Features:

1. Customizable Opening Range:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.

2. Dynamic Line Styling:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.

3. No Trade Zone (Optional / Disabled by default):
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.

4. Labels for Precision:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.

5. Clean and Efficient Updates:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.

---

⚙️How to Use:
1. Select Your Timeframe:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.

2. Customize the Visuals:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.

3. Interpret the Breakout:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.

---

🛠Settings:
Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
Line Color: Set the color of the range lines.
Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
Line Style: Choose line style: Solid, Dashed, or Dotted.
Label Colors: Customize the label colors for the high and low values.
Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
No Trade Zone Color: Set the fill color for the no trade zone.
No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.

---

📈Ideal For:
Day traders and scalpers looking to trade **breakouts**.
Traders who want to identify areas of consolidation visually.
Anyone who relies on the **opening range** for their trading strategy.

---

🔍Example Usage:
Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
Watch for price to break above or below the high/low lines to signal potential trade opportunities.

---

✨Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.

--
Thanks for stopping by!
Let me know if you have any suggestions for improving the indicator!
Good luck! 🙏

2024년 12월 13일

릴리즈 노트

Katalyst's Opening Range Breakout + No Trade Zone

Update 12/13/24: Added multiple trading session capability.

📜Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.

---

🎯Key Features:

1. Customizable Opening Range:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.

2. Dynamic Line Styling:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.

3. No Trade Zone (Optional / Disabled by default):
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.

4. Labels for Precision:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.

5. Clean and Efficient Updates:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.

---

⚙️How to Use:
1. Select Your Timeframe:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.

2. Customize the Visuals:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.

3. Interpret the Breakout:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.

---

🛠Settings:
Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
Line Color: Set the color of the range lines.
Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
Line Style: Choose line style: Solid, Dashed, or Dotted.
Label Colors: Customize the label colors for the high and low values.
Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
No Trade Zone Color: Set the fill color for the no trade zone.
No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.

---

📈Ideal For:
Day traders and scalpers looking to trade **breakouts**.
Traders who want to identify areas of consolidation visually.
Anyone who relies on the **opening range** for their trading strategy.

---

🔍Example Usage:
Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
Watch for price to break above or below the high/low lines to signal potential trade opportunities.

---

✨Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.

--
Thanks for stopping by!
Let me know if you have any suggestions for improving the indicator!
Good luck! 🙏

2024년 12월 16일

릴리즈 노트

Katalyst's Opening Range Breakout + No Trade Zone

Update 12/16/24: Fixed an issue when plotting ORB High/Low of a timeframe that's lower than the current chart.
Update 12/13/24: Added multiple trading session capability.

📜Overview:
This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease.

---

🎯Key Features:

1. Customizable Opening Range:
- Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**.
- The indicator calculates and plots the **high** and **low** of the selected opening range.

2. Dynamic Line Styling:
- Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**.
- Lines extend to the right of the chart for clarity.

3. No Trade Zone (Optional / Disabled by default):
- When enabled, fills the area between the high and low lines with a customizable **color and transparency**.
- Helps visually identify consolidation areas where trading might be avoided.

4. Labels for Precision:
- Clearly displays the **Opening Range High** and **Low** values.
- Labels are color-coded and positioned dynamically for easy interpretation.

5. Clean and Efficient Updates:
- The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart.

---

⚙️How to Use:
1. Select Your Timeframe:
- From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m.

2. Customize the Visuals:
- Adjust line color, style, and transparency.
- Enable the **No Trade Zone** for a transparent background fill between the high and low lines.

3. Interpret the Breakout:
- Watch for price movements above or below the **opening range** to identify potential breakout opportunities.

---

🛠Settings:
Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m).
Line Color: Set the color of the range lines.
Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible).
Line Style: Choose line style: Solid, Dashed, or Dotted.
Label Colors: Customize the label colors for the high and low values.
Enable No Trade Zone: Fill the area between high and low lines with a transparent color.
No Trade Zone Color: Set the fill color for the no trade zone.
No Trade Zone Transparency: Adjust the transparency of the no trade zone fill.

---

📈Ideal For:
Day traders and scalpers looking to trade **breakouts**.
Traders who want to identify areas of consolidation visually.
Anyone who relies on the **opening range** for their trading strategy.

---

🔍Example Usage:
Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill.
Watch for price to break above or below the high/low lines to signal potential trade opportunities.

---

✨Why Use This Indicator?
This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades.

--
Thanks for stopping by!
Let me know if you have any suggestions for improving the indicator!
Good luck! 🙏

3월 10일

릴리즈 노트

Added Daylight Savings support into the code.

3월 14일

릴리즈 노트

Update 3/14/24: Added the ability to customize different session colors, specify how many previous sessions are displayed, and enable midpoint lines. Thank you for the suggestions everyone!