Nova Trades | Opening Range IndicatorNova Trades | Opening Range With Confluences
Overview
The Nova Trades ORB Simple indicator is a clean, educational implementation of Opening Range Breakout (ORB) methodology combined with Exponential Moving Average (EMA) trend filtering. This script is designed to help traders visualize market structure during the critical opening session and identify high-probability breakout opportunities.
What Makes This Implementation Unique
1. Real-Time Dynamic ORB Tracking
Unlike static ORB indicators that plot fixed levels, this script:
Updates ORB high/low levels in real-time during the opening range period
Dynamically adjusts line positions as new highs/lows form within the ORB window
Uses line.set_y1() and line.set_y2() to provide smooth, live updates without cluttering the chart
Automatically extends ORB levels into the future for easy visual reference
2. Integrated Status Dashboard
The script includes a comprehensive real-time status table that shows:
Current ORB period status (ACTIVE vs COMPLETE)
Calculated ORB range size (useful for volatility assessment)
Current price position relative to ORB levels (ABOVE/BELOW/INSIDE)
Price position relative to EMA (trend context)
First breakout direction detection (BULLISH/BEARISH/PENDING)
This dashboard eliminates the need to manually assess market conditions and provides instant decision-making information.
3. Breakout Detection Logic
The script employs a first-breakout-only tracking system that:
Waits for the ORB period to complete before flagging breakouts
Records only the first directional break after ORB completion
Prevents false signals from intraday price whipsaws
Maintains breakout status throughout the trading session for consistency
4. EMA Confluence Filter
While many ORB scripts exist and EMA is a standard indicator, this script's value lies in how they work together:
Trading Edge: The combination provides a two-factor confirmation system:
ORB Breakout = Short-term momentum shift (microstructure)
EMA Position = Intermediate trend alignment (macrostructure)
Why This Matters:
ORB breakouts above ORB high + price above EMA = Aligned bullish momentum (highest probability long setups)
ORB breakouts below ORB low + price below EMA = Aligned bearish momentum (highest probability short setups)
Conflicting signals (e.g., ORB breakout up but price below EMA) = Lower probability, potential reversal zones
5. Customizable Time Periods
Supports multiple ORB timeframes (5m, 15m, 30m, 45m, 60m) because:
Different securities have different volatility profiles
Intraday traders may prefer shorter ORB periods (5-15m)
Position traders may prefer longer ORB periods (45-60m)
Allows optimization for specific trading styles and instruments
6. Clean Visual Design
Market open line clearly marks session start
Color-coded ORB levels (customizable) for instant visual recognition
Minimal chart clutter with toggle options for each component
Data window plots for programmatic strategy access
How It Works
Opening Range Breakout (ORB) Calculation
Initialization: At 9:30 AM NY time (market open), the script begins tracking
Range Formation: During the selected timeframe (default 30 minutes):
Continuously updates the highest high → ORB High
Continuously updates the lowest low → ORB Low
Range Completion: After the ORB period ends, levels are locked
Breakout Detection: Price breaking above ORB High (bullish) or below ORB Low (bearish) triggers the breakout flag
EMA Trend Filter
Calculates exponential moving average (default 50-period, customizable 1-500)
Provides trend context: Price > EMA = uptrend, Price < EMA = downtrend
Acts as dynamic support/resistance level
Combined Strategy Logic
Why Open Source?
This script is published as open source to:
Provide educational value to the trading community
Demonstrate clean coding practices for ORB implementations
Allow traders to customize and adapt to their specific needs
Serve as a foundation for more complex strategy development
The code uses standard Pine Script functions (ta.ema(), line.new(), table.new()) intentionally to maintain transparency and educational value.
Disclaimer
This indicator is for educational and informational purposes. It does not constitute financial advice. Past performance does not guarantee future results. Always practice proper risk management.
NOVA
Adaptive Trend Trigger // VX-ATTAdaptive Trend Trigger // VX-ATT is a trend-following bias indicator that combines a baseline EMA with adaptive ATR bands and a momentum override layer.
Core idea:
The EMA defines the baseline trend.
ATR bands above/below the EMA mark zones where volatility is high enough to justify a directional push.
A break above the upper band switches the bias to Long.
A break below the lower band switches the bias to Short.
Strong candle bodies (measured vs. an average body size) can temporarily override the current bias when they close far above/below the EMA (momentum override).
What the indicator does:
Colors the background based on the active bias (Long/Short).
Plots EMA + ATR bands.
Marks strong momentum candles with arrows.
Provides alerts when the bias flips from Long → Short or Short → Long.
Typical use cases:
Trend filter for discretionary entries
Bias layer for strategies or additional indicators
Only trade in the direction of the active bias (e.g., favor Long setups in Long bias, avoid counter-trend scalps)
This is a simplified, free component extracted from my VX toolset (VX-ATT), designed as a clean, plug-and-play trend/bias layer you can combine with your own setups.
Nova SMC Key TimesThe Nova SMC Key Times is a focused TradingView® indicator tailored for futures traders who want clear visual markers at key session transitions. Designed with simplicity in mind, it automatically plots two dashed vertical lines each trading day to highlight the pre-market and official market-open times (adjusted for Micro E-mini S&P 500 and Micro Gold contracts).
Pre-Market Marker: A semi-transparent white dashed line drawn at the start of pre-market activity, helping you observe early liquidity movements and potential order accumulation.
Market-Open Marker: A fully opaque white dashed line at the exact opening bar of the main session, providing a clear reference for breakout attempts and volatility spikes.
Because LSF detects the appropriate timestamps based on the loaded symbol (MES1! or MGC1!), you never need to manually set session times. If applied to other symbols, it remains silent, ensuring that charts stay uncluttered.
You can easily customize line colors to match your visual preferences under the provided style settings. By visually framing these two critical moments each day, Nova LSF helps traders anticipate stop hunts, breakout retests, and initial momentum moves—making it a useful complement to any liquidity-oriented or order-flow strategy.
Nova Volume Indicator (NVI) by SplitzMagicNova Volume Indicator
The Nova Volume Indicator is an innovative trading tool designed to enhance your trading strategy by analysing volume momentum and market dynamics. This indicator empowers traders to make informed decisions by providing clear and actionable buy and sell signals based on real-time data.
How It Works:
The Nova Volume Indicator utilizes advanced algorithms to assess volume changes and price movements. Key features include:
Volume Momentum Calculation: By evaluating the relationship between price changes and volume, the indicator identifies significant momentum shifts, enabling traders to pinpoint entry and exit points with precision.
Trend Direction Filter: The indicator includes a price filter that determines the prevailing market trend based on a moving average. This ensures that trades align with the overall market direction, enhancing the probability of success.
Alert System: With customizable alert thresholds, users receive notifications when momentum crosses defined levels, keeping them informed of potential trading opportunities without the need for constant monitoring.
No Trade Signal: A black background on the histogram indicates that there are no valid trading opportunities at that moment. Use this feature to avoid entering trades during uncertain market conditions.
How to Use the Nova Volume Indicator for Entries:
Identifying the Trend: Before making any trades, check the indicator's trend direction. If the price is above the moving average, focus on bullish signals; if below, look for bearish signals.
Spotting Entries:
Buy Signal: Look for a green histogram bar indicating positive volume momentum. Enter a trade at the close of the candle when the momentum score exceeds your alert threshold and the price is above the moving average.
Sell Signal: A red histogram bar signals negative volume momentum. Enter a short position at the close of the candle when the momentum score falls below the alert threshold and the price is below the moving average.
Setting Stops and Targets: Place your stop-loss below the recent swing low for buy trades or above the recent swing high for sell trades. Aim for a minimum 1:2 risk-to-reward ratio to maximize your profitability.
Customizable Settings:
The Nova Volume Indicator offers several input settings to help you tailor the indicator to your unique trading style:
Signal Period: Adjust the period for calculating the signal line (EMA of momentum score). A shorter period reacts quickly, while a longer one smooths the signals.
Volatility Period: Control the lookback period for assessing market volatility. Shorter periods capture recent fluctuations, and longer periods provide a broader view of price behavior.
Price Filter MA Length: Set the period for the moving average used to filter trades based on price action, helping determine the trend direction.
Alert Threshold: Define the level at which the indicator signals potential buying or selling opportunities. Customize this setting to suit your trading preferences.
The Nova Volume Indicator is a powerful addition to any trader’s toolkit, designed to simplify decision-making and improve trading outcomes. Whether you're a beginner or a seasoned trader, this indicator offers the insights you need to navigate the markets confidently. Explore its customizable features to create a unique trading experience tailored to your needs. Start using the Nova Volume Indicator today and elevate your trading journey!
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Nova's: MA Assassin ComboALL IN ONE MOVING AVERAGE STRATEGY.
SAVE SPACE AND ASSASSINATE THE MARKET!!
