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Showing results for tags 'orb'.
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Hi, I'm brand new to using DAS, but have spent a lot of time using TradingView. One thing I have setup on my TradingView chart is auto drawing of lines on the high and low of the first 1 min candle (it also shows profit targets based off the opening range, but this feature isn't really necessary). I really like seeing the 1 min opening range on my chart as it helps me clearly identify 1 min ORBs. In the screen shot you can see what it looks like on my TradingView chart. The first candle on the left is the first minute. Is it possible to set this up in DAS? Thanks!
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I know that Andrew tries to enter his ORB based on the body of the 5 min candle and not the extremes of the candle wick. This seems logical to me based on the fact that this is where the candle has closed. That being said, I know of another successful trader who enters his ORB's based on the end of the candle wick, sometimes resulting in somewhat overextended entries but possibly more confirmed ones? I know there are a million different ways to make money in the market if anyone has any constructive input on this I am sure it might help the community a lot.
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- day trading
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Hi everyone, I have just started the process of setting up my Trade Ideas scanners to try and catch good 5 min and 15 min Opening Range breakouts (long + short). Just wondering if anyone here had any input as to what types of parameters might be good to consider when creating this scanner alert. Thanks, Patrick