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ORB

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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.

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ORB

Uploaded by

Mukram Khan
156 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.

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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
Download as txt, pdf, or txt
156 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
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//@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)

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