ORB - Open Range Breakout

ORB - Open Range Breakout.afl

//Better Version of Open Range Breakout 
//Coded By Rajandran R - www.marketcalls.in
//Created Date - 04 Dec 2018

//Recommended Timeframe to Run this strategy : 1min or 5min charts 
//Higher timeframe may or may not yield desired results

_SECTION_BEGIN("Open Range Breakout");

SetBarsRequired(-2,-2); //Turn Quick AFL Off

_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g ", Ref(O,-1), Ref(H,-1), Ref(L,-1), Ref(C,-1)));

SetChartOptions(0 , chartShowArrows | chartShowDates);
Plot(Close,"Candle", colorDefault, styleCandle);


orb = ParamList("ORB Range", "5min|10min|15min|30min|60min",4);

newday = Day() != Ref(Day(),-1);  //check if new day or not

starttime = ValueWhen(newday,TimeNum());


//5min ORB
if(orb == "5min")
{
IBendtime = starttime+500;
minh = ValueWhen(newday,TimeFrameGetPrice("H",in5Minute));
minl = ValueWhen(newday,TimeFrameGetPrice("L",in5Minute));
}

//15min ORB
if(orb == "10min")
{
IBendtime = starttime+1000;
minh = ValueWhen(newday,TimeFrameGetPrice("H",in5Minute*2));
minl = ValueWhen(newday,TimeFrameGetPrice("L",in5Minute*2));
}



//15min ORB
if(orb == "15min")
{
IBendtime = starttime+1500;
minh = ValueWhen(newday,TimeFrameGetPrice("H",in5Minute*3));
minl = ValueWhen(newday,TimeFrameGetPrice("L",in5Minute*3));
}


//30min ORB
if(orb == "30min")
{
IBendtime = starttime+3000;
minh = ValueWhen(newday,TimeFrameGetPrice("H",in5Minute*6));
minl = ValueWhen(newday,TimeFrameGetPrice("L",in5Minute*6));
}

//60min ORB
if(orb == "60min")
{
IBendtime = starttime+6000;
minh = ValueWhen(newday,TimeFrameGetPrice("H",inhourly));
minl = ValueWhen(newday,TimeFrameGetPrice("L",inhourly));
}

printf("%g",IBendtime);

DayOpen = TimeFrameGetPrice("O",inDaily);
DayHigh = TimeFrameGetPrice("H",inDaily);
DayLow = TimeFrameGetPrice("L",inDaily);

ORBH = IIf(TimeNum() < IBendtime, Null ,minh);
ORBL = IIf(TimeNum() < IBendtime, Null, minl);


Plot(ORBH,"ORBH",colorBlue);
Plot(ORBL,"ORBL",colorred);