OPEN-SOURCE SCRIPT
Updated One Minute Algo Run (OMAR)
OMAR marks the High and Low range of the opening candle (1min is recommended default for trading this) based on the current time frame in current session.
Additionally it marks recommended 1x and 2x extensions of the ranges for taking profit that may also be adjusted as needed.
Additionally it marks recommended 1x and 2x extensions of the ranges for taking profit that may also be adjusted as needed.
Release Notes
Updated the script to work with futures session correctly since the initial version had offset times.Fixed some minor cosmetics with the labeling of long/short extensions.
Release Notes
- Included OmarMid for managing entries/ stop losses. - Other minor code adjustments to use the time frame settings variable
Release Notes
Added an additional option to plot OMAR ranges based on 1 minute candles regardless of the chart timeframe (Now on by default).Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
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.