Trepidity Opening Range with Extensions

Category: market_structure, volatility

Calculates high, low, and mid-range during a user-defined opening session period, then projects linear extensions based on that range for the remainder of the session.

Formula

OR_Range = High_{session} - Low_{session} \nOR_Mid = Low + (OR_Range / 2) \nExtension_N = High + (N \times (High - OR_Mid)) \nor \nExtension_N = Low - (N \times (OR_Mid - Low))

Inputs

• input_or (default: 0930-1000)
• input_rth (default: 0930-1600)

See signal primitives and every published strategy that uses Trepidity Opening Range with Extensions on WOBR StrategyVerse.