First Bar is crucial when there is gap up or gap down opening. It is recommended to use 15m Timeframe for better use. Crossing this range signifies the absorption of existing buyers/sellers in the opening session and sometimes decide the trend onwards.
One of the cleanest-looking custom range indicators. This has been very helpful, thank you
iitiantradingsage
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@LoneTrader05, I am glad it helped. Thank you for the coins 🙏
MrMama
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Hi.
Your indicator is awesome. Can you add the line for profit target...?
Thank you.
iitiantradingsage
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@MrMama, you can keep risk: reward ratio greater then 1:3. Might be helpful
GrowMore_Indicators
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your indicator won't plot the first bar or candles high low, when we set the chart to extended hours.. it will work in regular sessions. You can set open parameters for extended and regular both so that it will plot on both regular and extended.
iitiantradingsage
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@miteysh, Yes it is for regular session as of now because volatility during the first bar is pretty high.
iitiantradingsage
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@miteysh, something like this ??
iitiantradingsage
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@miteysh, sorry its not meant for extended hours
magxx
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It is very useful indicator! It can be more powerful in my opinion if timeframe can be fixed like 2 or 4 hour and then go lower timeframe like that drawings stay the same. Hope you undderstand. Can it be done? Rally thank you. (My english can be little of.. sorry)
iitiantradingsage
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@magxx, yeah its really powerful. you can use timeframe of your accordance.