Comments on: Opening Range http://www.thinkscripter.com/2009/02/14/opening-range/ Custom ThinkScript Indicator Scripts for thinkorswim Wed, 28 Jul 2010 12:44:47 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Jeffrey Lin http://www.thinkscripter.com/2009/02/14/opening-range/comment-page-1/#comment-2380 Jeffrey Lin Thu, 01 Jul 2010 14:59:14 +0000 http://thinkscripter.wordpress.com/?p=122#comment-2380 yes, keith, michele, and geoff at marketgauge are experts at the opening range. made it easy for me to use with stocks yes, keith, michele, and geoff at marketgauge are experts at the opening range. made it easy for me to use with stocks

]]> By: josh v http://www.thinkscripter.com/2009/02/14/opening-range/comment-page-1/#comment-1996 josh v Fri, 23 Apr 2010 01:12:56 +0000 http://thinkscripter.wordpress.com/?p=122#comment-1996 i had this when it was free how long ago did you start charging for this? mine got deleted today i had this when it was free how long ago did you start charging for this? mine got deleted today

]]> By: ThinkScripter http://www.thinkscripter.com/2009/02/14/opening-range/comment-page-1/#comment-458 ThinkScripter Thu, 18 Jun 2009 22:30:52 +0000 http://thinkscripter.wordpress.com/?p=122#comment-458 Yep...thanks. I have it on my to-do list to fix. I appreciate the help. Eric Yep…thanks. I have it on my to-do list to fix. I appreciate the help.
Eric

]]> By: Nojjer http://www.thinkscripter.com/2009/02/14/opening-range/comment-page-1/#comment-457 Nojjer Thu, 18 Jun 2009 16:13:01 +0000 http://thinkscripter.wordpress.com/?p=122#comment-457 Eric, I think I found a bug in the OR code. When I set this up to give me a 5 min OR and set the value to 5, it actually gives me the OR of the first 2 five minute bars instead of just the first. Same thing happens with the 30. However -- a workaround that I found is just to set the value 1 minute less than you want, i.e. 4 for the 5 min OR and 29 for the 30 min OR. Also -- for other uses. I am sure you know this, but you can actually set up more than one study if you like to trade with more than one OR on your charts. I personally use the 5 min and 30 min ORs. Thanks for all that you do TS! John Eric,

I think I found a bug in the OR code. When I set this up to give me a 5 min OR and set the value to 5, it actually gives me the OR of the first 2 five minute bars instead of just the first. Same thing happens with the 30. However — a workaround that I found is just to set the value 1 minute less than you want, i.e. 4 for the 5 min OR and 29 for the 30 min OR.

Also — for other uses. I am sure you know this, but you can actually set up more than one study if you like to trade with more than one OR on your charts. I personally use the 5 min and 30 min ORs.

Thanks for all that you do TS!

John

]]> By: danno http://www.thinkscripter.com/2009/02/14/opening-range/comment-page-1/#comment-71 danno Thu, 05 Mar 2009 01:24:21 +0000 http://thinkscripter.wordpress.com/?p=122#comment-71 Ok, I still like it, but. I can't figure out why from the script but it appears that 15 is the minimum opening range period. I would like a 5 minute opening range. But I notice there is no change in the plot once you get to 15. Further reductions don't change anything. So that is true with a 5 minute bar. When I go to a 1 minute bar it appears to set the opening range using the 1st 6 bars. So I changed the line to def pastOpeningRange = if(secondsFromOpen >= (openingRangeMinutes * 60), 1, 0); when it used to add 1 to the opening range in seconds and now it behaves like I think it should behave. It gives me a 5 minute opening range even using 5 minute candles. I am very pleased with myself for troubleshooting this and I remain grateful to you for being able to organize it and code it in the first place. Good Trading, and keep coding. Thanks again. Ok, I still like it, but. I can’t figure out why from the script but it appears that 15 is the minimum opening range period. I would like a 5 minute opening range. But I notice there is no change in the plot once you get to 15. Further reductions don’t change anything.
So that is true with a 5 minute bar. When I go to a 1 minute bar it appears to set the opening range using the 1st 6 bars.
So I changed the line to
def pastOpeningRange = if(secondsFromOpen >= (openingRangeMinutes * 60), 1, 0); when it used to add 1 to the opening range in seconds and now it behaves like I think it should behave. It gives me a 5 minute opening range even using 5 minute candles.
I am very pleased with myself for troubleshooting this and I remain grateful to you for being able to organize it and code it in the first place.

Good Trading, and keep coding. Thanks again.

]]>