Script is intended to scan Open = High and Open = Low (OHL) stocks for selected Opening Range in minutes. I have added NSE NIFTY 50 stocks as default input for the script. Hopefully it will work with other stocks and exchanges. Opening Range time is limited to the "1 min, 3 min, 5 min, 15 min, 30 min and 60 min" as OHL generally required for Intraday.
Stock qualified criteria OPEN = LOW (in selected Opening Range timeframe) will be listed in the table at TOP RIGHT corner of the chart screen in a green background.
Stock qualified criteria OPEN = HIGH (in selected Opening Range timeframe) will be listed in the table at BOTTOM LEFT corner of the chart screen in a red background.
Script scans stocks irrespective of current chart symbol and current time frame on the chart.
Limitations: - Maximum 40 stocks can be scanned. - request.security can't be placed under loop hence repeat call to request.security should be placed on separate line
This is the only indicator I found, programmed just as I wanted, only problem is the tradingview, I never suspect the chart of tv until now, the values (open, high, low) are incorrect so the indicator also fails to find all the scrips..only few of them are shown.
atultanna88
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Can i use the same EOD for my WL?
bikshun
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I am unable to open, some error message, is thre any password, pls share
SuPri712
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Hello kiran, How can shift first 5 minutes to third one
SandipYadav
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getting error invalid symbol even i added manually
sahilchugh
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Please tell me what I have to change if, I want only first one minute candle as my base candle and trade on next candle at 9.16
phulekv
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@sahilchugh, Go to screener settings, On Settings panel, click on "Inputs" tab, Select "1" from the drop-down list associated to "Opening Range (Minutes)"
KMKL-22
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Excellent , Thank You.
aliawanca
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hi hope u r well how i can use this script for USa Market please help me out thanks
phulekv
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@aliawanca, Open = High and Open = Low is mainly traded as follows: 1. Buy signal is generated when any stock has the exact value for open and low. Sell signal is generated when stock has the exact value for open and high. 2. PDH/PDL (Previous Day High/Low) or key Support/Resistances of higher timeframe. 3. Opening Range of the stock can be considered for taking entry.
e.g. HCL Technologies (HCLTECH on NSE exchange) opened at 968.90 on 16/08/2022 1. High price of the stock were remained 968.90 during first 5 mins. So eligible for Sell as Open = High. 2. Previous Day High (11/08/2022) was 963.95, Today's first 5 mins close is 961.65 which means first 5 mins closing is below PDH. 3. Range of the stock were 7.85 (High= 968.90 - Low= 961.05) 0.81 % of the High price. Range in points will help us to decide SL/Profit. Range in % will help whether to take entry or not. In HCLTECH case range is less than 1% hence considering to enter in a trade.
This is just an explanation of OHL from my point of view and not a recommendation to trade.
You can modify stock names (USa stock symbols) in Symbols section of the script code from Line#69 to Line#118
My idea to create this script is to get the INSTANT list of OHL stocks from pre-defined list without leaving Trading View chart window.