These are common lines and terms used throughout Bob's trading strategies.
Moving Average Lines
1-Minute Gold Line
9 EMA (yellow/gold) on the 1-minute chart.
5-Minute Red Line
21 SMA from the 5-minute chart, plotted on the 1-minute chart.
Static Lines — Support / Resistance
Overnight Open
Price at the 6:00 PM EST opening.
Previous Day Close / Settlement Price
Previous Day Open
Previous day's overnight open price.
Previous Day High
Previous Day Low
Current Day High
Current Day Low
15-Minute Opening Range (ORB)
The ORB High and ORB Low are established during the first 15 minutes after the applicable market opening.
Equities: 9:30–9:45
Gold: 8:20–8:35
Crude Oil (CL): 9:00–9:15
Definitions & Chart Setup
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