This is the latest addition to Streak in the family of time based indicators.
The time frame of the 1st candle can be anything (i.e it can be the 1st 1, 3, 5, 10, 15, 30 min or 1 hr candle also).Įntry Condition : If today is a gap down opening but later during the day, the 5 min candle crosses above the 1 hour opening range highĮxit Condition : Stoploss and Target 2) Candle Time Indicator The ‘opening range’ indicator allows you to create your conditions based on the Open, High, Low, Close of the 1st candle of the day. Day traders pay attention to a stock’s starting range since it might indicate sentiment and price movement for the day. The opening range indicates high and low security prices for a certain time following the opening of the market. In this article, I will teach you how you can use various time based indicators and options available on the Streak Platform. Streak provides many options to the users to create such conditions in your strategy. Or you might want to develop a strategy to trade only on each weekly expiry day. If you want to create a strategy but you want to avoid trading during certain time of the day, like the start of the session when the volatility is extremely high. While developing strategies, we often come across instances when we need to create time based conditions.
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