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One Minute Algo Run (OMAR)

senpai_noticeme Updated   
High-Low Index Candlestick analysis Chart patterns
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highlowindex candlestickanalysis chartpatterns
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.
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 author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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