ORB Wrangler
for NinjaTrader & TradingView
Have your defined Opening Range automatically plotted with targets and stoploss levels.
↓ One week trial. ↓
Trading Ranch Membership
Ranch Members get access to indicators
Potentially pays for itself & You can pair it with other indicators for no extra cost!
What is the ORB Wrangler?
The ORB Wrangler is an indicator that plots the Opening Range as well as breakout targets for you automatically.
How Does It Work?
In TradingView & NinjaTrader, you must define the start time for your Opening Range and let the indicator know how long (in minutes) will define your Opening Range.
In this example, the range starts at 08:30am (New York Open in Central Time) and watches for a 30 minute opening range. This means that the range will be the high and low of the first 30 minutes of market open. We often use a 15 minute opening range, while some traders prefer a 5-minute or even smaller.
Hay Time is the time (in minutes) for the indicator to print lines. If you are only watching for the first 2 hours, you can put 120 minutes here. This is helpful to signal when your rules say to stop watching for this trade.
Both platforms will show a dotted line for the forming range and solid lines for the completed range, as well as a yellow signal when a candle has closed over or under the range (useful for candle-close strategies, put it on your favorite timeframe).
Target Lines will automatically print at .5x, 1x and 1.5x the Opening Range.
If you’d like to watch ehow BullBarbie trades the Opening Range Breakout, keep scrolling for the video below. Otherwise, you’d you like to try the ORB Wrangler for a week for free? You’re welcome to try it along with any other Trading Ranch toys!
↓ One week trial. ↓
Trading Ranch Membership
Ranch Members get access to indicators
Potentially pays for itself & You can pair it with other indicators for no extra cost!