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ORP (Opening Range Projections)
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ORP (Opening Range Projections)

  #1 (permalink)
Trading for Fun
Here, GA
 
Futures Experience: Intermediate
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Posts: 146 since Jun 2009
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ORP (Opening Range Projections)

For those that are interested in how I create the ORP here is a quick video explaining the process. Incredibly simple for NT Users.

2009-06-24_1314

It is like any other indicator in that you need to learn the nuances before it is to be trusted. Unfortunately it will not indicate what level will act as support or resistance. You will need to incorporate other Technical Analysis to aid in that decision making. If you find something with a high accuracy rate please share!

Forgot, currently I only use this on ES. Have not explored other instruments. If you find something interesting please share.

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  #2 (permalink)
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Posted by zeller:
Taj, check that link for samplegethighlowbytimerange
http://www.ninjatrader-support2.com/...lowbytimerange

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  #3 (permalink)
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Orp - tf


Not sure about other instruments but I applied TAJ method to the TF and added the 150 and the 233. Check out those hits on the screenshot.

Also interested to look at ZN and if the 13 minute is the key or ?

Kirk

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ORP (Opening Range Projections)-tf-09-09-6_24_2009-1-min-.jpg  
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  #4 (permalink)
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Orp zn

I used 8:30 EST start time for ZN - should it be something else?

it likes the 50

I also threw in the 75 to see what the retrace at 13:37 EST came down to

please post any other parameters you may see

Kirk

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ORP (Opening Range Projections)-zn-09-09-6_24_2009-1-min-.jpg  
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  #5 (permalink)
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ES

TAJ,

thanks for the info on the ORP


Here's a GetHighLowByTime Range with Fib Ext.

However, I'm not sure how to modify the built-in Fib Ext command to give your customized price levels. This is for extensions but it's using retracements...

Please help if you can.
Kirk

Attached Thumbnails
ORP (Opening Range Projections)-es-09-09-6_24_2009-1-min-.jpg  
Attached Files
Register to download File Type: zip GetHighLowByTimeRangewFibExt.zip (5.6 KB, 74 views)
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  #6 (permalink)
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Ausy Mick's Avatar
 
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Hi Tajtrades


TAJTrades View Post
For those that are interested in how I create the ORP here is a quick video explaining the process. Incredibly simple for NT Users.

2009-06-24_1314

It is like any other indicator in that you need to learn the nuances before it is to be trusted. Unfortunately it will not indicate what level will act as support or resistance. You will need to incorporate other Technical Analysis to aid in that decision making. If you find something with a high accuracy rate please share!

Forgot, currently I only use this on ES. Have not explored other instruments. If you find something interesting please share.

Thanks for the video - looks rather interesting. Have you tried paring it up with murrey math lines or other support and resistance?

Keep up the good work
Mick

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  #7 (permalink)
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TAJTrades View Post
For those that are interested in how I create the ORP here is a quick video explaining the process. Incredibly simple for NT Users.

2009-06-24_1314

It is like any other indicator in that you need to learn the nuances before it is to be trusted. Unfortunately it will not indicate what level will act as support or resistance. You will need to incorporate other Technical Analysis to aid in that decision making. If you find something with a high accuracy rate please share!

Forgot, currently I only use this on ES. Have not explored other instruments. If you find something interesting please share.


So you wait until 9:43 bar to close?

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  #8 (permalink)
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I created an Indicator that will show the Fib Extension Levels. Just waiting to test it Real Time today before I post it.

It will required some changes to the Chart Properties Window SessionBegins and SessionEnd times for it to work correctly. See the images below. You may need to have a dedicated chart just for this indicator.

I DO NOT use this indicator by itself. I always look at other Techs to confirm that a level will hold. Using it as a stand alone for trading decisions can be vey dangerous.

I am hoping that the community will take this to the next level by demonstrating what other Indicators will best confirm that a level will hold.


UPDATE:
As with any indicator from an untrusted source Please DO NOT install this indicator if you are in a "Real Money" trade. It works on my computer but that does not mean it will work on yours.

It is very important that you set your chart properties as shown in the image below for this to work correctly. I am still trying to build a better mouse trap but as of today have not been successful.

Attached Thumbnails
ORP (Opening Range Projections)-orp001.png   ORP (Opening Range Projections)-orp002.png  

Last edited by TAJTrades; June 26th, 2009 at 07:09 AM.
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  #9 (permalink)
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Thanks for the indicator work. Fib levels are powerful. Just need to be aware that they don't always work. But generally they do.

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  #10 (permalink)
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vast View Post
Thanks for the indicator work. Fib levels are powerful. Just need to be aware that they don't always work. But generally they do.

Vast, you have to confirm them with other techs otherwise you will blow up your account.

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