PRE-MARKET AND OPENING RANGE 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 AND OPENING RANGE INDICATOR - This indicator automatically draws the Pre-Market (PM) and Opening Range (OR) (5min or 15min or 30min, also allows other timeframe selections). PM and/or OR high and lows are used by traders as key trigger points for breakout and break-retest trades.

NOTE: The text identifications (e.g. “PM HIGH”) on the lines are not available on this custom indicator as Webull does not support text addition at this time. The indicator will be updated in the future when this feature is available on Webull.

·          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)

·          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).

·          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 PM or OR highs and short trades when price is below PM or OR highs.