Scribd Logo
Upload

Welcome to Scribd!

  • ORB

    Uploaded by

    Mukram Khan
    49 views1 page
    This document defines a study that plots 3 EMA lines and overlays an orb range. It takes in inputs to define the periods of the 3 EMAs and the total time in minutes for the orb range. It then defines the EMA calculations, plots the EMA lines, and implements logic to track the high and low of each new bar within the session time to display the overbought/oversold range.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    TXT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document defines a study that plots 3 EMA lines and overlays an orb range. It takes in inputs to define the periods of the 3 EMAs and the total time in minutes for the orb range. It then defines the EMA calculations, plots the EMA lines, and implements logic to track the high and low of each new bar within the session time to display the overbought/oversold range.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    49 views1 page

    ORB

    Uploaded by

    Mukram Khan
    This document defines a study that plots 3 EMA lines and overlays an orb range. It takes in inputs to define the periods of the 3 EMAs and the total time in minutes for the orb range. It then defines the EMA calculations, plots the EMA lines, and implements logic to track the high and low of each new bar within the session time to display the overbought/oversold range.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    //@version=4

    study(title="3EMA-ORB", shorttitle="3EMA-ORB", overlay=true, resolution="")

    MA1Period = input(48, title="MA1 Period")


    MA2Period = input(48, title="MA2 Period")
    MA3Period = input(20, title="MA3 Period")

    MA1 = ema(high, MA1Period)


    MA2 = ema(low, MA2Period)
    MA3 = ema(close, MA3Period)

    plot(MA1, color=color.green, linewidth=1)


    plot(MA2, color=color.red, linewidth=1)
    plot(MA3, color=color.blue, linewidth=1)

    //3EMA
    inputMax = input(5, title= "ORB total time (minutes)")
    sess = input("0915-0920", type=input.session, title="Session Time")
    t = time(timeframe.period, sess + ":1234567")
    hide = timeframe.isintraday and timeframe.multiplier <= inputMax

    is_newbar(res) => change(time(res)) != 0


    in_session = not na(t)
    is_first = in_session and not in_session[1]

    orb_high = float(na)
    orb_low = float(na)

    if is_first
    orb_high := high
    orb_low := low
    else
    orb_high := orb_high[1]
    orb_low := orb_low[1]
    if high > orb_high and in_session
    orb_high := high
    if low < orb_low and in_session
    orb_low := low

    plot(hide ? orb_high : na , style=plot.style_line, color=orb_high[1] != orb_high ?


    na : color.green, title="ORB High", linewidth=2)
    plot(hide ? orb_low : na , style=plot.style_line, color=orb_low[1] != orb_low ?
    na : color.red, title="ORB Low", linewidth=2)

    You might also like