PRE-MARKET, OPENING RANGE AND PREVIOUS DAY INDICATOR - Webull Day Trading Custom Indicator Script

Webull is a great platform especially for retail traders, but its default indicators are limited. This bundle unlocks the power of custom scripting to give you professional-grade signals directly on your chart.

PRE-MARKET, OPENING RANGE AND PREVIOUS DAY INDICATOR - This is a variation of the PM_OR indicator with the addition of Previous Day detail. This indicator automatically draws the Previous_Day (PD), Pre-Market (PM) and Opening Range (OR) (5min or 15min or 30min, also allows other timeframe selections). PD and/or PM and/or OR high and lows are used by traders as key trigger points for breakout and break-retest trades.

 What it is: Automatically draws the PM and OR (5min or 15min or 30min) (Indicator setting allows for selection of other time frames and change of line color and style, as needed)

• PD High and/or PM High and/ or OR High: When price breaks above these lines or breaks above and retests these lines – with volume and other confluences – it indicates a Bullish Trend (Uptrend).
• PD Low and/or PM Low and/or OR Low: When price breaks below these lines or breaks below and retests these lines – with volume and other confluences – it indicates a Bearish Trend (Uptrend).
• Strategy: Look for long trades when price is above PD or PM or OR highs and short trades when price is below PD or PM or OR highs.