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Openingrangebreakout

Ultimate Opening Range Breakout [LuxAlgo]The Ultimate Opening Range Breakout indicator is a comprehensive toolkit designed to identify, visualize, and analyze price movements following the initial market session. It empowers traders to define a specific opening range and monitor subsequent breakouts with integrated volume analysis, automated trailing stops, and a performance-tracking dashboard. 🔶 USAGE The indicator identifies the high and low prices of a user-defined session (e.g., the first 30 minutes of the New York open) and projects potential expansion targets based on that range. Traders can use these levels to identify breakout opportunities and set realistic price targets. 🔹 Breakout Signals & Volume When price crosses above the range high or below the range low, the script generates "BULL BREAK" or "BEAR BREAK" labels. These signals include a volume context suffix: (HV) : High Volume breakout, where current volume exceeds the 20-period average. (LV) : Low Volume breakout, suggesting a potential lack of conviction behind the move. 🔹 Trailing Stop & Optimization A dynamic ATR-based trailing stop can be enabled to manage open positions. To help refine your strategy, the built-in Stop Optimizer runs simultaneous simulations of five different ATR multipliers in the background. It identifies which multiplier would have yielded the highest cumulative profit based on historical session data. 🔹 Hit Rate Dashboard The indicator includes a real-time statistical table that tracks the "Hit Rate" of each expansion target. This allows you to see at a glance what percentage of sessions successfully reached Target 1, 2, or 3, helping you gauge the probability of price reaching specific levels on any given day. 🔶 DETAILS 🔹 Opening Range Volume Profile (ORVP) Unlike standard range indicators, this tool includes an intra-range Volume Profile. It calculates the distribution of volume within the opening range itself, highlighting the Point of Control (POC). This helps traders identify where the most significant positioning occurred before the breakout. 🔹 Adaptive Scaling The Volume Profile utilizes an asset-adaptive scaling mechanism. By using the Average True Range (ATR) to determine "price buckets," the profile remains visually consistent whether you are trading high-priced indices or low-priced penny stocks. 🔶 SETTINGS 🔹 Session Settings Opening Range Session : Define the time window for the range (e.g., 0930-1000). Timezone : Adjust the session time to match your local or exchange timezone. 🔹 Calculation Settings Range Source : Choose between using the High/Low or the candle Close to define the range. Extension Type : Switch between standard Multiples or Fibonacci levels (0.382, 0.618, 1.0). 🔹 Volume Profile Number of Rows : Adjusts the vertical granularity of the profile. Profile Width : Controls how far the profile extends horizontally from the range. 🔹 Trailing Stop & Optimizer ATR Multiplier : The sensitivity of the active trailing stop. Show Stop Optimizer : Enables the background simulation to find the most profitable multiplier. 🔹 Plotting Duration End Plotting At : Choose to stop drawing levels at specific market closes (NY, London, or Manual) to keep the chart clean after trading hours.
Pine Script® Indikator
von LuxAlgo
11
Opening Range Block | AlphaScript🔷 AlphaScript ORB | Opening Range Block 🔷 ORB (Opening Range Block) is a systematic session-based trading tool designed to define and track the Opening Range (OR), one of the most important intraday reference zones for price discovery and breakout activity. It captures the high and low of a defined session window and transforms it into a structured framework to analyze volatility, breakout conditions, and directional bias throughout the trading day. 📊 What it does This indicator helps you: -Define the Opening Range High and Low based on a customizable session -Visualize the range using a dynamic block (box) -Track the midpoint (50%) of the range -Detect bullish and bearish breakout events -Monitor key metrics such as range size, % move, and session status via an info panel ⚙️ How it works -The indicator captures price action within a defined Opening Range window (e.g. 09:30–09:45) -Once the window closes, the range is locked and extended forward for analysis -Breakout signals are generated when price: -Closes above the OR high → Bullish breakout -Closes below the OR low → Bearish breakout -A configurable extension system controls how long the range remains active on the chart 🎯 How to use it This tool can be used to: -Identify intraday breakout opportunities -Define key support and resistance zones -Structure trades around range expansion -Use the midpoint (50%) as a decision or re-entry level Typical approach: -Trade breakouts above/below the Opening Range -Use the OR as a reference for stop placement -Combine with trend or momentum tools for confirmation -Avoid trading inside the range during low volatility conditions 📊 Info Panel (Real-Time Context) A built-in table provides a structured view of: -Opening Range High / Low / Mid -Range size and percentage -Session status (building / complete) -Breakout direction (bullish / bearish / none) -Timezone and session details 👉 This allows for instant contextual understanding without subjective interpretation ⚙️ Customization -Fully customizable session window and timezone -Adjustable box, lines, and midline display -Configurable breakout signals and colors -Label visibility and formatting -Info panel position and size 📈 Key advantages Clear and structured Opening Range framework Objective breakout detection Real-time session and volatility context Reduces noise and improves intraday decision-making Works across multiple markets (stocks, indices, crypto, etc.) 🧠 AlphaScript Integration ORB is designed to complement a broader systematic trading approach, where session structure, volatility, and trend can be combined to improve execution and consistency. 📝 Notes This indicator is a decision-support tool, not a standalone strategy. Best results come from combining it with proper risk management, market context, and a structured trading framework. To explore our AI-powered trading system and indicator development platform, visit: alphascript.co
Pine Script® Indikator
von AlphaScript
8:00-8:15 ORB Retest on 5m Time Frame v1.3 by Alf_AlgoORB Retest on 5m Time Frame Breakout → Retest → Confirm → Enter A structured session indicator designed to trade continuation after an opening range breakout using midpoint retests and confirmation. Opening Range defines session structure Breakout sets directional bias (with multiple detection modes) Midpoint retest provides entry location Momentum confirmation triggers signals Triple ATR-based TP levels and structure-based SL manage risk The system avoids chasing breakouts and instead waits for price acceptance and momentum confirmation. ━━━━━━━━━━━━━━━━━━━━━━━━ Timeframe Pine Script® Designed exclusively for the 5-minute chart. The opening range is built using the first three 5-minute candles. ━━━━━━━━━━━━━━━━━━━━━━━━ Opening Range Levels OR High — upper boundary (teal) OR Low — lower boundary (red) OR Midpoint — primary retest level (amber, dashed) Shaded zone between High and Low for visual clarity The midpoint acts as the primary retest level for entries. ━━━━━━━━━━━━━━━━━━━━━━━━ Breakout Direction Mode (New in v1.2) Four modes to determine how directional bias is set after the opening range: First Break — original behavior; whichever direction breaks out first locks the bias Last Break — bias updates with each new breakout before the entry window opens, capturing the final sentiment Strongest Break — the breakout with the largest candle body wins; more conviction = more significant Directional Preference — manually select Bullish or Bearish; bias is set when the OR locks regardless of price action For Last Break and Strongest Break modes, triangle markers appear on the chart each time the bias flips, so you can visually track the tug-of-war between bulls and bears before the entry window. ━━━━━━━━━━━━━━━━━━━━━━━━ Bias Logic Close above OR High → Bullish Bias Close below OR Low → Bearish Bias Depending on the selected Breakout Direction Mode, the bias may lock on the first break, update with subsequent breaks, follow the strongest candle body, or be manually chosen. ━━━━━━━━━━━━━━━━━━━━━━━━ Entry Logic Wait for midpoint retest Require confirmation Signal triggers within the active session window Three confirmation modes are available: Retest Close Reclaim Break Retest Candle Hybrid (default) ━━━━━━━━━━━━━━━━━━━━━━━━ Risk Management — Triple TP System (New in v1.2) Three take-profit levels are automatically calculated using ATR, all shown on the chart from the moment a signal fires: TP1 — 2× ATR (default) — solid line TP2 — 3× ATR (default) — dashed line TP3 — 5× ATR (default) — dotted line SL — structure-based, remains fixed throughout the trade Each TP and SL level gets a label when hit (TP1 ✓, TP2 ✓, TP3 ✓, SL ✗), so you can see exactly where targets were reached or where the stop was triggered. All ATR multipliers are fully adjustable in the settings. Alert conditions are available for each individual TP hit and SL hit. ━━━━━━━━━━━━━━━━━━━━━━━━ Chart Elements Opening Range High / Low / Mid with shaded zone Breakout markers (triangles) Retest markers (diamonds) Buy / Sell signal labels TP1 / TP2 / TP3 and SL levels with hit labels On-chart dashboard with full state tracking ━━━━━━━━━━━━━━━━━━━━━━━━ Dashboard The on-chart dashboard displays real-time state: Session preset Breakout Direction Mode First break direction Current bias Retest status Signal status Confirmation mode Individual TP1 / TP2 / TP3 and SL hit status TP ATR multiplier values ━━━━━━━━━━━━━━━━━━━━━━━━ Typical Workflow Apply on a 5-minute chart Select your session and breakout direction mode Allow opening range to form Observe breakout(s) and bias assignment Wait for midpoint retest Enter after confirmation Monitor TP1 → TP2 → TP3 progression ━━━━━━━━━━━━━━━━━━━━━━━━ v1.2 Release Notes Added Breakout Direction Mode with four options: First Break, Last Break, Strongest Break, Directional Preference Added triple take-profit system (TP1, TP2, TP3) with independent ATR multipliers TP and SL hit labels appear on chart when each level is reached Added alert conditions for each TP hit and SL hit Styled OR lines with updated color palette (teal / red / amber) Added shaded zone between OR High and Low Updated dashboard with Breakout Direction Mode, individual TP status, and ATR multiplier display v1.1 Release Notes Added ORB session selection (New York, London, Asia) Replaced breakout text labels with directional triangle icons Replaced retest text labels with diamond icons Added on-chart dashboard Dashboard now shows directional state instead of checkmarks Added Buy / Sell signal display in dashboard Added color-coded dashboard values (green bullish, red bearish) Updated Buy/Sell signal label colors Added TP / SL outcome tracking in dashboard ━━━━━━━━━━━━━━━━━━━━━━━━ Feedback This script is shared publicly to help traders study structured opening range continuation setups. Feedback and suggestions are welcome Ideas for improvements or additional features are appreciated
Pine Script® Indikator
von alifiando
1
Opening Range Break (5-15-30 Min) - Wall Street RedneckOpening Range Break (5-10-15-30 Min) – Wall Street Redneck A simple and powerful Opening Range Breakout (ORB) indicator built for intraday traders. This tool automatically plots the Opening Range High, Low, and optional Midline based on your selected 5, 10, 15, or 30 minute range. Once the range is set, levels extend forward to help identify breakout opportunities and key reaction zones throughout the session. Features: Custom ORB length (5/10/15/30 minutes) Adjustable session start & end time ORB High, Low & Midline (custom colors + dashed option) Optional historical session display Built-in customizable Take Profit levels Targets based on % of Opening Range Adaptive or Extended display Automatic TP labeling Designed for breakout, momentum, and day traders who want a clean, no-clutter ORB with flexible target projection.
Pine Script® Indikator
von Wall-Street-Redneck
1
Initial Value Breakout [OmegaTools]Initial Value Breakout (Ω IVB) is an intraday market structure indicator designed to identify, extend, and contextualize the Initial Value range formed during a user-defined opening session, with a default focus on the New York market open. The script is built for traders who want a structured and objective framework for reading early-session price discovery, tracking breakout direction, mapping expansion levels, and estimating adaptive continuation targets based on recent realized behavior. It is particularly effective on instruments where the opening phase provides meaningful information about participation, volatility, and directional intent, such as index futures, equities, and liquid intraday markets. The core idea of the indicator is to capture the high and low established during a configurable opening window and treat that range as the session’s Initial Value structure. Once the session ends, the script projects this structure forward through a configurable validity period, allowing the trader to monitor how price interacts with the key boundaries for the rest of the day. In practice, this creates a clean reference framework that can be used to distinguish between balanced sessions, failed breakouts, and genuine range expansion environments. During the selected opening session, the indicator continuously tracks the session high and session low while also collecting bar-by-bar mid-price data. This allows the script not only to define the upper and lower boundaries of the Initial Value range, but also to calculate a more stable internal reference level that reflects the opening distribution of price. Instead of relying on a simple midpoint between the session high and low, the script derives a center line using a hybrid central tendency approach that combines the average and median of opening-session mid-prices. This makes the central line more robust to isolated spikes and erratic early-session prints while still preserving responsiveness to the underlying structure. After the Initial Value range is formed, the script monitors price action for breakout events and updates a directional bias when price crosses above the Initial Value high or below the Initial Value low. This bias acts as a structural state variable for the session and is used both as a visual context cue and as part of the adaptive target logic. In practical terms, the bias helps the trader distinguish whether the market is currently expressing upside or downside initiative relative to the opening range, which is often critical when evaluating continuation setups versus reversion opportunities. In addition to the primary Initial Value high and low, the indicator can display deviation levels that project one full Initial Value range above and below the original boundaries. These expansion levels provide objective continuation references and are useful for identifying whether a breakout is developing into a true trend day or simply producing a short-lived excursion. Because the deviation levels are derived directly from the width of the opening range, they scale automatically with the session’s early volatility and remain instrument-agnostic in their construction. A key advanced feature of Ω IVB is its adaptive target system. Rather than relying exclusively on fixed range multiples, the script estimates continuation targets using recent realized breakout extensions observed during prior sessions. When a session ends and the Initial Value structure is reset, the script records how far price extended beyond the Initial Value boundary in the direction of the active bias within the configured validity window. Upside extensions and downside extensions are tracked separately in rolling samples, allowing the indicator to maintain side-specific behavior profiles. The script then computes projected upside and downside targets by applying the average of these recent realized extensions to the current session’s Initial Value boundaries. This creates dynamic targets that adapt to the instrument’s recent intraday expansion characteristics and can be more informative than static multipliers in changing volatility regimes. The indicator also includes an optional VWAP that resets from the beginning of the Initial Value session. This provides an additional institutional-style benchmark for evaluating price acceptance, trend quality, and rotational behavior relative to the opening structure. When enabled, the VWAP can be used alongside the Initial Value lines and breakout bias to refine trade selection, especially in cases where price breaks the range but fails to hold above or below both the range boundary and VWAP. From a visual design perspective, the script is intentionally built around line objects and line fill objects to produce a clean and precise intraday chart presentation. The Initial Value high and low are displayed as horizontal reference lines, while the optional center line, deviation levels, and adaptive targets can be layered on demand depending on the user’s preferred level of detail. Optional filled zones can be enabled to visually emphasize the Initial Value area and the deviation bands, making it easier to read structure at a glance without overcrowding the chart. Bullish and bearish colors are fully customizable so the indicator can be integrated into different chart themes and workflow preferences. The session and validity inputs allow the script to be tailored to different instruments and trading styles while preserving the same logic. The session input defines the exact time window used to construct the Initial Value range in New York time, and the validity input determines how long the levels remain active and how far the script looks when measuring realized post-breakout extensions for the adaptive target model. This makes the tool flexible enough for traders who focus on the cash open, the first hour, or custom opening structures, while still maintaining a consistent statistical framework. Ω IVB is well suited for traders who use opening range logic, session structure analysis, breakout continuation models, and rule-based intraday execution. It can be used to frame directional bias, identify acceptance or rejection around key opening references, plan profit-taking zones, and distinguish between balanced and expanding sessions. It becomes particularly powerful when combined with order flow analysis, volume studies, market internals, or discretionary tape reading, because it provides a stable structural map around which more granular execution decisions can be made. As with any analytical tool, the indicator is intended to support decision-making rather than replace a complete trading process. It should be used within a broader framework that includes risk management, position sizing, and execution discipline. When used correctly, Initial Value Breakout provides a professional and systematic way to interpret the opening phase of the market and translate that information into actionable intraday structure. By Eros, OmegaTools
Pine Script® Indikator
von OmegaTools
ORB Range Indicator with a dynamic Consolidation Zone detectionThis script is a custom TradingView indicator written in Pine Script v6. It combines an Opening Range Breakout (ORB) strategy with a dynamic Consolidation Zone detection system. It is designed to help day traders identify key morning trading ranges, track volume momentum, and spot periods of market compression. Opening Range Breakout (ORB) * The indicator establishes a trading range based on a specific global session (New York, London, Tokyo, Frankfurt) and a custom duration (e.g., 5 to 45 minutes). * It plots the highest and lowest price points of this time window. * It calculates the specific trading volume that occurred strictly within the ORB time frame. * It features Fibonacci extension targets plotted above and below the main range to act as profit taking levels. Breakout and Momentum Tracking * The script detects when the price crosses the ORB boundaries and marks these breakouts with visual shapes on the chart. * It calculates the cumulative volume from the start of the session up to the exact moment of the breakout. * A dynamic label tracks the maximum distance the price travels in the breakout direction, showing both point value and percentage. Consolidation Zones * The indicator identifies market compression by tracking local pivot highs and lows. * If the price stays within a tight range for a minimum specified number of bars, it paints a visual consolidation zone on the chart. * The boundaries of this zone update dynamically to include wicks, and the script generates alerts if the price breaks out of this compression area. Technical Performance * The code uses optimized variable tracking instead of heavy historical loops to ensure it runs smoothly on TradingView without freezing the chart. It also includes garbage collection for lines and labels to keep the visual interface clean.
Pine Script® Indikator
von Baba_Dollar
15-Min ORB Strategy for NQ Here I created a very simple 15M ORB strategy for NQ / MNQ. This strategy marks the high and low of the 15-Min opening candle for the New York session ( 0930 - 0945 ) and enters Long / Short based on where the 5 Minute candle closes if it closes above / below the 15 Minute range. It has a customisable RR for TP1 and TP2 and the amount of contracts you can use. Please bear in mind that this is a very basic strategy as it is my first time making a script for TradingView. I an open to any constructive criticism to help me improve my script. Thank you for taking the time to read this and I hope you guys enjoy my script!
Pine Script® Strategie
von Dryeye2006
5m ORB with Dynamic Position Size and TargetThis script is based off of the 5 minute high and low (opening range) of the NY session, specifically developed for ES/MES. It marks the high and low of the first five minutes of trading, as well as marks profit targets if price breaks out high or low. In settings you can configure the maximum capital to risk, high volatility target and regular volatility, and the ORB size in points that indicates if it is a high or normal volatility regime. I use a maximum risk of $500, normal volatility target of 1.5 RR, and a high volatility target of 1.0 RR. The maximum ORB range that I assume is normal volatility is 20 points, so below 20 points it targets 1.5 RR, above it targets 1.0 RR. For illustrative purposes, I will outline my current strategy below. This is not financial advice, obviously. When price breaks out of the 5 minute opening range, I enter in the direction of the move (break out of the high, I enter long; break down from low, I enter short). Stop loss is set at one tick outside of the opposite end of the range. I currently exit the full position at the target price, but will be playing around with leaving a runner for trend days. Again, not financial advice. Be sure to paper trade before committing any real funds.
Pine Script® Indikator
von benhall209
Opening Range {basic}Introduction Opening range {basic} is a clean and reliable indicator designed to help traders visualize the opening range of a trading session with minimal setup and visual clutter. This version focuses on the core components of opening range analysis, making it ideal for traders who want a simple, effective framework for identifying early-session structure across futures, forex and crypto markets. Description The indicator automatically calculates the opening range high, low and midpoint over a user-defined opening window (5m, 15m, 30m or 60m) within a selected trading session (default: NY session). During the opening range window, the indicator dynamically tracks price to form the range. Once the opening range is complete, the high, low and midpoint are extended forward for the remainder of the session, providing clear reference levels that can be used for bias, mean reversion or breakout-based decision making. A shaded fill highlights the opening range area, with an optional size display showing the total range in price units. Styling and logic are intentionally simplified to keep the chart clean and easy to interpret. Features Configurable opening range length Choose between 5m, 15m, 30m or 60m opening ranges. Session-based calculation Opening range is calculated only within the selected trading session. Opening range levels Opening range high, low and midpoint. Range fill & size display Shaded fill between the opening range high and low. Text showing total opening range size. Clean, minimal design Fixed line styles and thickness for clarity. Dark and light theme support. Minimal settings for fast, intuitive use. Optimized performance Designed for intraday timeframes compatible with the selected opening range length. Terms & Conditions This indicator is provided for educational and informational purposes only and does not constitute financial advice. Trading involves risk and past performance is not indicative of future results. The user assumes full responsibility for any trading decisions made using this indicator.
Pine Script® Indikator
von scriptedge
NeuraEdge ORB - Opening Range Breakout IndicatorOVERVIEW NeuraEdge ORB is an open-source Opening Range Breakout indicator that automates the classic 15-minute ORB strategy. The indicator tracks the first 15 minutes of market action (9:30-9:45 AM ET), identifies breakouts above or below this range, and generates trading signals with automated stop loss and take profit calculations. The Opening Range Breakout concept is based on the observation that the initial price action after market open often establishes directional bias for the trading session, as institutional order flow and overnight gap reactions manifest during this window. CORE METHODOLOGY Opening Range Construction: The indicator uses session-based time detection to identify the 9:30-9:45 AM Eastern Time window. During this period, it tracks the highest high and lowest low to establish the opening range boundaries. The range is marked complete when the 15-minute window closes. Calculation process: OR High = Maximum high value during the 15-minute window OR Low = Minimum low value during the 15-minute window OR Midpoint = (OR High + OR Low) / 2 Range Size = OR High - OR Low (compared to 14-period ATR for context) Breakout Detection: The indicator identifies breakouts using close-price confirmation to reduce false signals from wicks: Bullish breakout: Close above OR High (with previous close at or below OR High) Bearish breakout: Close below OR Low (with previous close at or above OR Low) The indicator tracks whether each direction has already broken to prevent duplicate signals on the same range. Entry Type Logic: Two entry methodologies are supported: Breakout Mode - Signals immediately upon range break. Enters on the breakout bar when close confirms direction. Retest Mode - Waits for price to break the range, then pullback to touch the range level before entering. Cancels if price moves too far beyond midpoint. This provides better entry prices with tighter stop losses. Volume Confirmation: Optional volume filter compares current bar volume to 20-period simple moving average. Requires volume > 1.2x average to validate breakout strength and filter low-conviction moves. Fair Value Gap (FVG) Integration: Optional confluence filter that checks for unfilled FVG in the breakout direction: Bullish FVG detected when: current bar's low > two bars ago high (creating gap) Bearish FVG detected when: current bar's high < two bars ago low (creating gap) Minimum FVG size: 0.3x ATR to filter noise FVG considered filled when price retraces to gap midpoint Signals only generate when an unfilled FVG exists in the breakout direction, adding institutional order flow confluence. Risk Management Calculations: Three stop loss placement methods: Opposite Side - SL at opposite end of opening range (classic ORB approach) Midpoint - SL at range midpoint (tighter risk, lower reward potential) ATR Based - SL at 1.5x ATR from entry (adaptive to volatility) Take profit calculated as: Entry ± (Entry - Stop Loss) × Risk:Reward Ratio Default 1.5:1 R:R ratio, adjustable from 1.0 to 5.0. Performance Tracking: The indicator maintains a trade history using Pine Script's type system: Records entry price, stop loss, take profit, and direction for each signal Tracks outcome when price hits stop loss or take profit levels Auto-closes after 80 bars if neither level hit Calculates rolling win rate from last 50 trades maximum Displays W/L record in real-time dashboard VISUAL COMPONENTS Opening Range Box: Semi-transparent blue box drawn from range start bar to current bar + 20, showing the established range boundaries visually. Range Levels: Green line at OR High (potential long entry level) Red line at OR Low (potential short entry level) Gray dotted line at OR Midpoint (reference level) All lines extend 50 bars forward for anticipation. Trade Signals: Green up arrow with "LONG ORB Break" label below price Red down arrow with "SHORT ORB Break" label above price Dashed lines showing SL and TP levels extending 30 bars Small labels marking SL and TP endpoints Real-Time Dashboard: Top-right panel displaying: OR formation status (Forming / Complete / Waiting) Current OR High, Low, and Range size (with ATR multiple) Breakout status (Long / Short / None) Volume status (High / Normal) FVG presence (Bull / Bear / None) Entry settings (Breakout/Retest, R:R, SL type) Win rate percentage and W/L record PRACTICAL APPLICATION Ideal Market Conditions: Liquid instruments: SPY, QQQ, IWM, high-volume stocks Recommended timeframes: 1-minute or 5-minute charts for precise entries Most effective during trending days with clear directional bias Range size between 0.5-1.5x ATR typically provides best risk:reward Usage Workflow: Apply indicator at market open (9:30 AM ET) Observe range formation during first 15 minutes Wait for "Complete" status in dashboard Monitor for breakout signals with volume/FVG confirmation Enter on signal, place stop loss and take profit as marked Avoid taking opposing signals on same day (trend following approach) Retest vs Breakout Selection: Use Breakout mode on high-momentum days with strong overnight gaps Use Retest mode on slower days or when seeking better entry prices Retest mode reduces signal frequency but improves entry quality Time-of-Day Considerations: The indicator includes a trading cutoff setting (default 3:00 PM ET) to avoid late-day chop and reduced liquidity. First-hour breakouts (10:00-11:00 AM) historically show strongest follow-through. SETTINGS & CUSTOMIZATION Display Options: Toggle signals, opening range box, and dashboard independently Clean visual design to reduce chart clutter Opening Range Settings: Opening range duration (5-60 minutes in 5-minute increments) Default 15 minutes aligns with classic ORB methodology Trading cutoff hour (10-16, representing 10:00 AM - 4:00 PM ET) Entry Configuration: Entry type (Breakout / Retest) Volume confirmation toggle (requires 1.2x average volume) FVG confluence toggle (requires unfilled gap in breakout direction) Risk Management: Stop loss placement (Opposite Side / Midpoint / ATR Based) Risk:reward ratio (1.0 - 5.0, default 1.5) Future: Trail stop after partial TP (currently placeholder) Alert System: Five alert conditions available: Opening Range Complete ORB Long Signal ORB Short Signal Breakout Up (range broken, regardless of signal) Breakout Down (range broken, regardless of signal) BEST PRACTICES Recommended Usage: Focus on highly liquid instruments with tight spreads Use 1-5 minute charts for entry precision Respect calculated stop losses (range defines maximum risk) Typically 1-2 quality setups per day maximum Consider overall market trend (SPY/QQQ direction) Risk Considerations: Very small ranges (< 0.3x ATR) prone to false breakouts Very large ranges (> 2x ATR) may indicate gap day requiring adjusted expectations Low volume breakouts fail more frequently Avoid trading both directions on same day (pick strongest setup) IMPORTANT DISCLOSURES This indicator is provided free and open-source for educational purposes. The Opening Range Breakout strategy is a well-documented public domain trading concept. This implementation adds automation, visual clarity, and optional confluence filters. No indicator guarantees profitable trades. Past performance does not predict future results. Traders are responsible for their own trading decisions and risk management. Always use appropriate position sizing and never risk more than you can afford to lose.
Pine Script® Indikator
von Darkmatter513
ORB Session BreakoutORB Session Breakout Overview The ORB Session Breakout indicator automatically identifies Opening Range Breakouts across multiple trading sessions (Asia, London, and New York) and provides visual trade setups with entry, stop loss, and take profit levels. Opening Range Breakout (ORB) is a classic trading strategy that captures momentum when price breaks out of an initial trading range established at the start of a session. This indicator automates the entire process - from detecting the opening range to plotting trade setups when breakouts occur. 🎯 Key Features Multi-Session Support Asia Session - Captures the Asian market open (default: 19:00-19:15 NY time) London Session - Captures the London market open (default: 03:00-03:15 NY time) New York Session - Captures the NY market open (default: 09:30-09:45 NY time) Each session is fully customizable with independent time windows and colors Enable/disable individual sessions based on your trading preferences Automatic Trade Visualization Entry Level - Marked at the breakout candle close Stop Loss Zone - Configurable as ORB High/Low or Breakout Candle High/Low Take Profit Zone - Calculated automatically based on your Risk:Reward ratio Visual zones make it easy to see risk/reward at a glance Smart Breakout Detection Detects breakouts on the exact candle that closes beyond the ORB range Supports direction changes - if price breaks one way then reverses, a new trade is signaled Configurable max breakouts per session (1-4) to control trade frequency Tracking hours setting limits how long after the ORB to look for entries Futures Compatible Special detection logic for futures markets where session times may fall during market close Works reliably on instruments with non-standard trading hours 📊 How It Works Opening Range Formation At the start of each enabled session, the indicator tracks the high and low of the first candle(s) This range becomes your ORB box (displayed in the session color) Breakout Detection When a candle closes above the ORB High → LONG signal When a candle closes below the ORB Low → SHORT signal The breakout candle is highlighted in yellow (customizable) Trade Setup Visualization Entry line drawn at the breakout candle's close price Stop Loss placed at ORB Low (longs) or ORB High (shorts) - or breakout candle extreme Take Profit calculated as: Entry + (Risk × R:R Ratio) for longs Direction Changes If you're in a LONG and price closes below the ORB Low, the indicator signals a SHORT This counts as your 2nd breakout (configurable up to 4 per session) 💡 Trading Tips Best Practices Wait for candle close - The indicator only signals on confirmed closes beyond the ORB, reducing false breakouts Use with trend - ORB breakouts work best when aligned with the higher timeframe trend Respect the levels - The ORB High/Low often act as support/resistance throughout the session Monitor multiple sessions - Sometimes the best setups come from Asia or London, not just NY Recommended Settings by Style Conservative: Max Breakouts = 1, R:R = 2.0+, SL Mode = ORB Level Aggressive: Max Breakouts = 3-4, R:R = 1.5, SL Mode = Breakout Candle Scalping: Shorter tracking hours (1-2), tighter R:R (1.0-1.5) What to Avoid Trading ORB breakouts during major news events (high volatility can cause whipsaws) Taking every signal without considering market context Using on timeframes higher than 1 hour (the ORB concept works best intraday) 🔔 Alerts The indicator includes built-in alerts for: Entry Signal - When a breakout is detected (LONG or SHORT) Take Profit Hit - When price reaches the TP level Stop Loss Hit - When price reaches the SL level To set up alerts: Right-click on the chart → Add Alert → Select "ORB Session Breakout" 📝 Notes This indicator is designed for intraday trading on timeframes up to 1 hour Session times are based on the selected timezone (default: America/New_York) The indicator works on all markets including Forex, Futures, Stocks, and Crypto For futures with non-standard hours, the indicator includes special detection logic
Pine Script® Indikator
von Ekuang
5
Custom Session ORB - Extending Past Current CandleCustom Session ORB - Extending Past Current Candle This indicator plots Opening Range Breakout (ORB) levels for one or two customizable trading sessions directly on your chart. It dynamically tracks the high, low, and midpoint of the defined session(s) and extends these levels beyond the session using a configurable offset. Features: Supports two custom sessions. New York and Asia pre-saved. Automatically tracks session High, Low, and Mid. Option to extend ORB levels past the live candle. Option to display only the most recent ORB for a clean chart. Configurable line thickness, style, and label size. Works in Eastern Standard Time (EST) without manual adjustment. Settings: Show Labels: Toggle to display ORB values on chart. Label Font Size: Small, Normal, Large. Mid Line Style: Solid, Dashed, or Dotted. ORB Line Thickness: Set line thickness of ORB levels. Extend Past Current Candle by N Bars: Controls how far the ORB extends visually. Show Only Current ORB: Cleans chart by removing previous session ORB levels. Enable Session 1 / 2: Toggle individual sessions on/off. Session Time: Set the start and end times for each session (automatically in EST). How It Works: The indicator monitors the defined session time, records the high, low, and midpoint, and draws lines at those levels. When the session ends, the lines are extended by the specified offset for easy breakout visualization. Labels can optionally show the exact price levels.
Pine Script® Indikator
von trinalavers
1
Hybrid Strategy: Trend/ORB/MTFHybrid Strategy: Trend + ORB + Multi-Timeframe Matrix This script is a comprehensive "Trading Manager" designed to filter out noise and identify high-probability breakout setups. It combines three powerful concepts into a single, clean chart interface: Trend Alignment, Opening Range Breakout (ORB), and Multi-Timeframe (MTF) Analysis. It is designed to prevent "analysis paralysis" by providing a unified Dashboard that confirms if the trend is aligned across 5 different timeframes before you take a trade. How it Works The strategy relies on the "Golden Trio" of confluence: 1. Trend Definition (The Setup) Before looking for entries, the script analyzes the immediate trend. A bullish trend is defined as: Price is above the Session VWAP. The fast EMA (9) is above the slow EMA (21). (The inverse applies for bearish trends). 2. The Signal (The Trigger) The script draws the Opening Range (default: first 15 minutes of the session). Buy Signal: Price breaks above the Opening Range High while the Trend is Bullish. Sell Signal: Price breaks below the Opening Range Low while the Trend is Bearish. 3. The Confirmation (The Filter) A signal is only valid if the Higher Timeframe (default: 60m) agrees with the direction. If the 1m chart says "Buy" but the 60m chart is bearish, the signal is filtered out to prevent false breakouts. Key Features The Matrix Dashboard A zero-lag, real-time table in the corner of your screen that monitors 5 user-defined timeframes (e.g., 5m, 15m, 30m, 60m, 4H). Trend: Checks if Price > EMA 21. VWAP: Checks if Price > VWAP. ORB: Checks if Price is currently above/below the Opening Range of that session. D H/L: Warns if price is near the Daily High or Low. PD H/L: Warns if price is near the Previous Daily High or Low. Visual Order Blocks The script automatically identifies valid Order Blocks (sequences of consecutive candles followed by a strong explosive move). Chart: Draws Green/Red zones extending to the right, showing where price may react. Dashboard: Displays the exact High, Low, and Average price of the most recent Order Blocks for precision planning. Risk Management (Trailing Stop) Once a trade is active, the script plots Chandelier Exit dots (ATR-based trailing stop) to help you manage the trade and lock in profits during trend runs. Visual Guide (Chart Legend) ⬜ Gray Box: Represents the Opening Range (first 15 minutes). This is your "No Trade Zone." Wait for price to break out of this box. 🟢 Green Line: The Opening Range High. A break above this line signals potential Bullish momentum. 🔴 Red Line: The Opening Range Low. A break below this line signals potential Bearish momentum. 🟢 Green / 🔴 Red Zones (Boxes): These are Order Blocks. 🟢 Green Zone: A Bullish Order Block (Demand). Expect price to potentially bounce up from here. 🔴 Red Zone: A Bearish Order Block (Supply). Expect price to potentially reject down from here. ⚪ Dots (Trailing Stop): 🟢 Green Dots: These appear below price during a Bullish trend. They represent your suggested Stop Loss. 🔴 Red Dots: These appear above price during a Bearish trend. 🏷️ Buy / Sell Labels: BUY: Triggers when Price breaks the Green Line + Trend is Bullish + HTF is Bullish. SELL: Triggers when Price breaks the Red Line + Trend is Bearish + HTF is Bearish. Settings Session: Customizable RTH (Regular Trading Hours) to filter out pre-market noise. Matrix Timeframes: 5 fixed slots to choose which timeframes you want to monitor. Order Blocks: Adjust the sensitivity and lookback period for Order Block detection. Risk: Customize the ATR multiplier for the trailing stop. Disclaimer This tool is for educational purposes only. Past performance does not guarantee future results. Always manage your risk properly.
Pine Script® Indikator
von EliasVictor
Open Range BreakoutOpen Range Breakout (ORB) The Open Range Breakout (ORB) is a classic intraday strategy used across stocks, indices, FX and futures. It focuses on how price behaves during the first minutes of a major session, when liquidity and volatility are highest. This indicator fully automates the ORB process with session detection, box drawing, breakout & retest logic, and final Buy/Sell signals. Multi-Session Support Choose between the three most important global opens: Asia (Tokyo) – JPY pairs, Asian indices, gold, crypto London – FX majors, European indices, strong volatility New York – US indices, USD pairs, gold, oil, highest volume The Opening Range is calculated only during the selected session. ORB Range (5 / 15 / 30 min) The indicator builds the ORB High/Low from the first X minutes of the session, draws the box, and waits for price action once the range is complete. How It Works ORB Window → High/Low of the opening minutes are recorded. Breakout → Price closes above/below the ORB → “BREAKOUT” label. Retest → Price returns to the ORB box → “RETEST” label. Confirmation Levels Freeze → Upper/lower structure set. Final Signal Close above frozen upper level → BUY Close below frozen lower level → SELL This filters out false breakouts and provides structured continuation signals. Alerts Includes built-in alert conditions for: ORB BUY Signal ORB SELL Signal Alerts trigger exactly when the Buy or Sell label appears. Works On Stocks & indices Forex Futures
Pine Script® Indikator
von ebecihalil
ORB_RDORB_RD - Opening Range Box (Ryan DeBraal) This indicator automatically draws a high/low box for the first portion of each trading day, automatically stepping the range window from 15, 30, 45, up to 60 minutes after the session starts. The box updates live as the range forms, then optionally extends across the rest of the session. FEATURES ----------------------------------------------------------------------------- • Opening Range Detection - Automatically ladders the range window: 0–15, 0–30, 0–45, 0–60 minutes - Automatic reset at each new trading day - Live high/low updates while inside the 0–60 minute window • Auto-Drawing Range Box - Draws a dynamic rectangle as the range forms - Top and bottom update with every new high/low - Extends sideways in real time during formation - Optional full-day extension after the 60-minute range finalizes • Customizable Visuals - Adjustable fill transparency - Mild green tint by default for clarity PURPOSE ----------------------------------------------------------------------------- This tool highlights the evolving opening range, a widely used intraday reference for breakout traders, mean-reversion setups, and session structure analysis. Ideal for: • Identifying early support and resistance • Framing breakout and pullback decisions • Tracking intraday trend bias after the morning range
Pine Script® Indikator
von ryandebraal
Session Open Range, Breakout & Trap Framework - TrendPredator OBSession Open Range, Breakout & Trap Framework — TrendPredator Open Box Stacey Burke’s trading approach combines concepts from George Douglas Taylor, Tony Crabel, Steve Mauro, and Robert Schabacker. His framework focuses on reading price behaviour across daily templates and identifying how markets move through recurring cycles of expansion, contraction, and reversal. While effective, much of this analysis requires real-time interpretation of session-based behaviour, which can be demanding for traders working on lower intraday timeframes. The TrendPredator indicators formalize parts of this methodology by introducing mechanical rules for multi-timeframe bias tracking and session structure analysis. They aim to present the key elements of the system—bias, breakouts, fakeouts, and range behaviour—in a consistent and objective way that reduces discretionary interpretation. The Open Box indicator focuses specifically on the opening behaviour of major trading sessions. It builds on principles found in classical Open Range Breakout (ORB) techniques described by Tony Crabel, where a defined time window around the session open forms a structural reference range. Price behaviour relative to this range—breaking out, failing back inside, or expanding—can highlight developing session bias, potential trap formation, and directional conviction. This indicator applies these concepts throughout the major equity sessions. It automatically maps the session’s initial range (“Open Box”) and tracks how price interacts with it as liquidity and volatility increase. It also incorporates related structural references such as: * the first-hour high and low of the futures session * the exact session open level * an anchored VWAP starting at the session open * automated expansion levels projected from the Open Box In combination, these components provide a unified view of early session activity, including breakout attempts, fakeouts, VWAP reactions, and liquidity targeting. The Open Box offers a structured lens for observing how price transitions through the major sessions (Asia → London → New York) and how these behaviours relate to higher-timeframe bias defined in the broader TrendPredator framework. Core Features Open Box (Session Structure) The indicator defines an initial session range beginning at the selected session open. This “Open Box” represents a fixed time window—commonly the first 30 minutes, or any user-defined duration—that serves as a structural reference for analysing early session behaviour.
The range highlights whether price remains inside the box, breaks out, or rejects the boundaries, providing a consistent foundation for interpreting early directional tendencies and recognising breakout, continuation, or fakeout characteristics. How it works: * At the session open, the indicator calculates the high and low over the specified time window. * This range is plotted as the initial structure of the session. * Price behaviour at the boundaries can illustrate emerging bias or potential trap formation. * An optional secondary range (e.g., 15-minute high/low) can be enabled to capture early volatility with additional precision. Inputs / Options: * Session specifications (Tokyo, London, New York) * Open Box start and end times (e.g., equity open + first 30 minutes, or any custom length) * Open Box colour and label settings * Formatting options for Open Box high and low lines * Optional secondary range per session (e.g., 15-minute high/low) * Forward extension of Open Box high/low lines * Number of historic Open Boxes to display Session VWAPs The indicator plots VWAPs for each major trading session—Asia, London, and New York—anchored to their respective session opens. These session-specific VWAPs assist in tracking how value develops through the day and how price interacts with session-based volume distributions. How it works: * At each session open, a VWAP is anchored to the open price. * The VWAP updates throughout the session as new volume and price data arrive. * Deviations above or below the VWAP may indicate balance, imbalance, or directional control. * Viewed together, session VWAPs help identify transitions in value across sessions. Inputs / Options: * Enable or disable VWAP per session * Adjustable anchor and end times (optionally to end of day) * Line styling and label settings * Number of historic VWAPs to draw First Hour High/Low Extensions The indicator marks the high and low formed during the first hour of each session. These reference points often function as early control levels and provide context for assessing whether the session is establishing bias, consolidating, or exhibiting reversal behaviour. How it works: * After the session starts, the indicator records the highest and lowest prices during the first hour. * These levels are plotted and extended across the session. * They provide a visual reference for observing reactions, targets, or rejection zones. Inputs / Options: * Enable or disable for each session * Line style, colour, and label visibility * Number of historic sessions displayed EQO Levels (Equity Open) The indicator plots the opening price of each configured session. These “Equity Open” levels represent short-term reference points that can attract price early in the session.
Once the level is revisited after the Open Box has formed, it is automatically cut to avoid clutter. If not revisited, the line remains as an untested reference, similar to a naked point of control. How it works: * At session open, the open price is recorded. * The level is plotted as a local reference. * If price interacts with the level after the Open Box completes, the line is cut. * Untested EQOs extend forward until interacted with. Inputs / Options: * Enable/disable per session * Line style and label settings * Optional extension into the next day * Option for cutting vs. hiding on revisit * Number of historic sessions displayed OB Range Expansions (Automatic) Range expansions are calculated from the height of the Open Box. These levels provide structured reference zones for identifying potential continuation or exhaustion areas within a session. How it works: * After the Open Box is formed, multiples of the range (e.g., 1×, 2×, 3×) are projected. * These expansion levels are plotted above and below the range. * Price reactions near these areas can illustrate continuation, hesitation, or potential reversal. Inputs / Options: * Enable or disable per session * Select number of multiples * Line style, colour, and label settings * Extension length into the session Stacey Burke 12-Candle Window Marker The indicator can highlight the 12-candle window often referenced in Stacey Burke’s session methodology. This window represents the key active period of each session where breakout attempts, volatility shifts, and reversal signatures often occur. How it works: * A configurable window (default 12 candles) is highlighted from each session open. * This window acts as a guide for observing active session behaviour. * It remains visible throughout the session for structural context. Inputs / Options: * Enable/disable per session * Configurable window duration (default: 3 hours) * Colour and transparency controls Concept and Integration The Open Box is built around the same multi-timeframe logic that underpins the broader TrendPredator framework.
While higher-timeframe tools track bias and setups across the H8–D–W–M levels, the Open Box focuses on the H1–M30 domain to define session structure and observe how early intraday behaviour aligns with higher-timeframe conditions. The indicator integrates with the TrendPredator FO (Breakout, Fakeout & Trend Switch Detector), which highlights microstructure signals on lower timeframes (M15/M5). Together they form a layered workflow: * Higher timeframes: context, bias, and developing setups * TrendPredator OB: intraday and intra-session structure * TrendPredator FO: microstructure confirmation (e.g., FOL/FOH, switches) This alignment provides a structured way to observe how daily directional context interacts with intraday behaviour. See the public open source indicator TP FO here (click on it for access): Practical Application Before Session Open * Review previous session Open Box, Open level, and VWAPs * Assess how higher-timeframe bias aligns with potential intraday continuation or reversal * Note untested EQO levels or VWAPs that may function as liquidity attractors During Session Open * Observe behaviour around the first-hour high/low and higher-timeframe reference levels * Monitor how the M15 and 30-minute ranges close * Track reactions relative to the session open level and the session VWAP After the Open Box completes * Assess price interaction with Open Box boundaries and first-hour levels * Use microstructure signals (e.g., FOH/FOL, switches) for potential confirmation * Refer to expansion levels as reference zones for management or target setting After Session * Review how price behaved relative to the Open Box, EQO levels, VWAPs, and expansion zones * Analyse breakout attempts, fakeouts, and whether intraday structure aligned with the broader daily move Example Workflow and Trade 1. Higher-timeframe analysis signals a Daily Fakeout Low Continuation (bullish context). 2. The New York session forms an Open Box; price breaks above and holds above the first-hour high. 3. A Fakeout Low + Switch Bar appears on M5 (via FO), after retesting the session VWAP triggering the entry. 4. 1x expansion level serves as reference targets for take profit. Relation to the TrendPredator Ecosystem The Open Box is part of the TrendPredator Indicator Family, designed to apply multi-timeframe logic consistently across: * higher-timeframe context and setups * intraday and session structure (OB) * microstructure confirmation (FO) Together, these modules offer a unified structure for analysing how daily and intraday cycles interact. Disclaimer This indicator is for educational purposes only and does not guarantee profits.
It does not provide buy or sell signals but highlights structural and behavioural areas for analysis.
Users are solely responsible for their trading decisions and outcomes.
Pine Script® Indikator
von TC888
Opening Range Box, 2 SessionsOpening Range & Session Box Indicator This indicator automatically draws Opening Range (OR) boxes and Session Boxes based on specific time zone settings, helping you visualize key trading periods across different global markets. Key Features: Custom Sessions: Define two independent trading sessions (e.g., New York and London). Time Zone Selection: Choose the exact time zone for each session from a simple dropdown menu, ensuring accurate session mapping regardless of your chart's time zone. Opening Range Definition: The initial portion of each session (defined by the Opening Range Minutes input) establishes the high and low of the box. Offset Lines: Automatically draws two percentage offset lines inside the box, allowing you to easily track price movement relative to the Opening Range high and low (e.g., 10% retracement levels). How to Use the Inputs: Session A/B Timezone - Select the time zone for Session A (e.g., America/New_York). Session A/B Time - Define the start and end time for Session A (e.g., 0930-1600). Opening Range Minutes - Set how long the initial opening range period lasts (e.g., 30 minutes). Percent from High/Low for Line - Set the percentage distance for the inner offset lines (e.g., 10.0 for 10% retracement). Number of Boxes to Show - Controls the number of historical session boxes and lines that remain visible on the chart.
Pine Script® Indikator
von AndSem
MTF Checklist DashboardMTF Checklist Dashboard Overview The MTF Checklist Dashboard is an advanced multi-timeframe analysis tool that provides traders with a comprehensive visual dashboard to analyze market conditions across six customizable timeframes simultaneously. This indicator combines multiple technical analysis methods, including Opening Range Breakouts (ORB), VWAP, EMAs, and daily price levels, to generate high-probability confluence-based trading signals.​ Unlike traditional single-timeframe indicators, this dashboard displays all critical information in one organized table, allowing traders to instantly identify when multiple timeframes align for optimal entry and exit opportunities.​ Key Features Multi-Timeframe Analysis Analyzes up to 6 timeframes simultaneously (default: 1m, 5m, 15m, 30m, 1h, 4h) Fully customizable timeframe selection via comma-separated input Color-coded cells for instant visual recognition (green=bullish, red=bearish, yellow=neutral)​ Technical Indicators Tracked Current and previous candle direction Opening Range Breakout (ORB) positioning with custom period VWAP relationship (above/below) 200 EMA positioning Daily and previous day high/low proximity EMA crossovers (9 vs 21, both vs 200)​ Advanced Signal Filtering System Confluence scoring: Requires multiple timeframes to align (3-6 timeframes) Higher timeframe confirmation: Ensures 30m/1h/4h agreement Volume filter: Confirms signals with above-average volume (1.5x default) ATR volatility filter: Validates sufficient market movement Session timing: Restricts signals to optimal trading hours (EST) Momentum confirmation: Requires recent directional strength Range positioning: Blocks signals near daily extremes Candle strength: Validates strong directional candles (60%+ body ratio)​ Visual Signals Optional entry arrows (above/below bars) Background color highlighting Organized dashboard with real-time price levels ORB range, current day, and previous day summary rows​ Alert Conditions JSON-formatted alerts for automated trading integration Separate alerts for long entry, short entry, long exit, and short exit Compatible with webhook automation systems​ How To Use Dashboard Interpretation The dashboard displays a color-coded table with the following columns:​ TF: Timeframe being analyzed C: Current candle (Green=bullish, Red=bearish) P: Previous candle (Green=bullish, Red=bearish) ORB: Opening Range Breakout position (A=Above, B=Below, W=Within) VWAP: Price vs VWAP (A=Above, B=Below) E200: Price vs 200 EMA (A=Above, B=Below) D Hi/Lo: Proximity to current day high/low (Hi/Lo/Mid) PD Hi/Lo: Proximity to previous day high/low (Hi/Lo/Mid) 9 vs 21: EMA 9 vs EMA 21 relationship (A=9 above 21, B=9 below 21) 9&21 v200: Both EMAs vs 200 EMA (>>=both above, <<=both below, <>=mixed) Signal Generation Long Entry Signal triggers when: Minimum number of timeframes show bullish alignment (default: 5 of 6) Higher timeframes (30m/1h/4h) confirm direction (default: 2 of 3) Price breaks above ORB high with sufficient distance Volume exceeds average by specified multiplier ATR shows adequate volatility Trade occurs during optimal session hours Recent momentum is upward Price not too close to daily high Strong bullish candle forms​ Short Entry Signal uses opposite conditions​ Exit Signals trigger when opposing timeframe confluence reaches threshold (default: 3 timeframes)​ Recommended Workflow Select your asset and primary trading timeframe Observe the dashboard - Look for rows showing mostly green (bullish) or red (bearish) Wait for alignment - The indicator will show arrows when confluence requirements are met Check the bottom rows - Review ORB levels and daily ranges for context Set alerts - Enable TradingView alerts using the built-in alert conditions Manage risk - Use appropriate position sizing and stop losses based on ORB range or daily ATR​ Settings Guide Basic Settings Timeframes: Enter comma-separated values (e.g., "1,5,15,30,60,240") Show Header: Toggle column headers on/off ORB Minutes: Set opening range period (default: 15 minutes) Near % for daily highs/lows: Define proximity threshold (default: 0.20%) Use close for comparisons: Compare using close vs current price Dashboard Position: Choose from 9 screen positions​ Confluence Filters Minimum Timeframes Aligned: Set required confluence (3-6, default: 5) Require Higher Timeframe Confirmation: Toggle HTF requirement on/off Min Higher Timeframes: Specify HTF agreement needed (1-3, default: 2)​ Volume Filter Volume Confirmation: Enable/disable volume filtering Volume vs Average: Set multiplier threshold (default: 1.5x) Volume Average Length: Period for volume average (default: 20 bars) Volatility Filter (ATR) Volatility Filter: Enable/disable ATR confirmation ATR Length: Calculation period (default: 14) Min ATR vs Average: Required ATR level (default: 0.5x = 50%) ORB Filters ORB Breakout Distance Required: Toggle distance requirement Min Breakout % Beyond ORB: Additional breakout threshold (default: 0.10%) Session Filter Trade Only During Best Hours: Enable time-based filtering Session 1: First trading window (default: 0930-1130 EST) Session 2: Second trading window (default: 1400-1530 EST) Momentum Filter Recent Momentum Required: Enable directional momentum check Lookback Bars: Period for momentum comparison (default: 3 bars) Daily Range Filter Block Signals Near Daily Extremes: Prevent entries at extremes Distance from High/Low %: Minimum distance required (default: 2.0%) Candle Filter Strong Directional Candle: Require candle strength Min Candle Body %: Body-to-range ratio threshold (default: 60%) Visual Signals Show Entry Signals: Master toggle for visual signals Show Arrows: Display entry arrows on chart Background Color: Enable background highlighting​ Best Practices Start with default settings and adjust based on your trading style and asset volatility Higher confluence requirements (5-6 timeframes) produce fewer but higher-quality signals Enable all filters for conservative trading; disable some for more frequent signals Use the dashboard as confirmation alongside your existing trading strategy Backtest on your specific instruments before live trading Consider market conditions—trending vs ranging markets may require different settings​ Alerts This indicator includes four alert conditions with JSON formatting for webhook integration:​ Long Entry Signal: Triggers when all long conditions are met Short Entry Signal: Triggers when all short conditions are met Long Exit Signal: Triggers when opposing confluence reaches exit threshold Short Exit Signal: Triggers when opposing confluence reaches exit threshold Alert messages include ticker symbol, action (buy/sell), price, and quantity for automated trading systems.​ Important Notes This indicator works best on liquid instruments with clear price action Highly volatile markets may require adjusted ATR and ORB distance settings Session times are in EST timezone—adjust if trading non-US markets The ORB calculation requires sufficient price history for the day Signals are generated in real-time but should be confirmed at candle close​ Limitations Maximum of 6 timeframes can be analyzed due to TradingView's security call limits ORB calculations may not work correctly on instruments with gaps or irregular sessions The indicator is most effective during regular market hours when volume and volatility are adequate Lower timeframes (1m, 5m) may produce more false signals in choppy conditions​ License Mozilla Public License 2.0 (MPL-2.0) This indicator is licensed under the Mozilla Public License 2.0. You are free to use, modify, and distribute this code under the terms of the MPL-2.0. The full license text is available at mozilla.org Key license provisions: You may use this code commercially You may modify and distribute modified versions Modified versions must be released under the same license You must include the original license notice in any distributions No trademark rights are granted​ Disclaimer This indicator is provided for educational and informational purposes only. It is not financial advice, and past performance does not guarantee future results. Trading involves substantial risk of loss. Always:​ Practice proper risk management Test thoroughly on paper/demo accounts before live trading Use appropriate position sizing Never risk more than you can afford to lose Consult with a financial advisor for personalized advice​ The creator assumes no liability for trading losses incurred using this indicator.​ Version: 2.0 Pine Script Version: v6 Author: © EliasVictor
Pine Script® Indikator
von EliasVictor
ORB 30 Alerts (ATH)Overview ATH ORB 30m automates the Opening Range Breakout (ORB) process across multiple global sessions — Tokyo, London, and New York — and delivers clean, consolidated alerts when fresh breakouts occur. It’s built for traders who track several tickers and want precise, non-repeating signals that reflect genuine momentum shifts, not constant noise. How it works The script defines a 30-minute Opening Range (ORB) for each enabled session and plots its high, low, and midpoint levels. Every 10-minute candle close is evaluated to detect first-time crosses of those range boundaries — upward or downward. Once a breakout triggers, that side’s alert is disabled until price returns inside the range, where the system automatically re-arms. Multiple triggers in the same bar are batched into one combined alert, listing all symbols that broke out. A built-in debug panel and optional chart labels visualize each trigger and re-arm event in real time. Key features -Multi-session ORB logic (Tokyo, London, New York) -10-minute confirmation filter to validate breakouts -Automatic alert re-arming when price re-enters range -Combined per-bar alert messages (no duplicates) -Optional on-chart labels and debug diagnostics -Optimized for watchlists and multi-symbol scanners Usage Designed for day traders and momentum scalpers, this tool highlights early directional strength during market opens. Add it to your chart, enable your preferred sessions, and set alert conditions for “ORB Breakouts (BUY),” “ORB Breakdowns (SELL),” or "Any alert() function call" You’ll receive one concise message each bar showing exactly which symbols broke out and in which direction. DISCLAIMER: This script is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Always perform your own due diligence and backtesting before using any trading strategy live. Trading involves risk; past performance does not guarantee future results.
Pine Script® Indikator
von cautiousRice_nolo
4
NY Open OR/ATR Diff Planner – v2.8 NY Open OR/ATR Diff Planner – v2.8 (Hi-Contrast) Trade the Opening Range Breakout with a plan, not vibes. This tool builds the NY Opening Range (OR) from the cash open and overlays a complete, risk-based execution plan: precise entry, structural stop, position size, targets, and R:R — all tied to the Daily ATR(14) and the remaining ATR “fuel” left in the day. What it does Opening Range: First N minutes after 09:30 ET (choose 5/15/30/60). Today-only lines: Automatically resets at 09:30; no carry-over from prior days. Session aware: Works on RTH or ETH charts. OR always anchors at 09:30 ET. Fuel model: Computes Session Range (since 09:30) and ATR Diff Left = Daily ATR − Session Range. Entries & Stops: Long plan: Entry = ORH, Stop = ORL Short plan: Entry = ORL, Stop = ORH Targets: TP1 = 1R (distance of entry→stop) TP (ATR-diff cap): Entry ± ATR Diff Left (caps greed when the day’s ATR is nearly spent) Sizing & R:R: Position size = Account × Risk% / Risk per share, with live R:R to ATR-diff target. Hi-contrast table: Clear readout of Daily ATR, OR size, OR/ATR%, Session Range, ATR left, entries/stops/TPs, size, and max $ risk. Inputs Opening Range (minutes): 5 / 15 / 30 / 60 Account Size ($) and Risk % per trade Session mode: RTH (09:30–16:00) or ETH (chart’s session; still anchored at 09:30) Also show Short plan (toggle) Show info table (toggle) How to use Add on a 1–5m chart. Choose your OR window (e.g., 15m = 09:30–09:45). Set Account Size and Risk % (e.g., 4–5% for small accounts; adjust to taste). Wait for the OR to complete. Trade the break/retest with the levels shown: Long: Break of ORH, SL at ORL, TP1 = 1R, TP2 = ATR-diff cap. Short: Mirror logic. If OR/ATR% > ~50% (red), the “fuel” is thin — be selective. Why it helps build an edge Objective structure: Clear levels and sizing remove guesswork. Context-aware targets: ATR-diff keeps targets realistic to the day’s potential. Discipline by design: One framework that’s easy to review, journal, and iterate. Notes This is an indicator (visual planner), not an order-placing strategy. If you want a back testable version (one trade/day, optional retest rule, TP/SL logic), say the word — I can publish a strategy variant. Keywords: ORB, Opening Range, ATR, Risk Management, Position Sizing, Day Trading, NYSE Open, Mean Reversion Fuel, Execution Planner
Pine Script® Indikator
von rick84etter
3
ORB Breakout Traffic Signal (5/15/30)ORB Breakout Traffic Signal (5/15/30) This indicator visualizes Opening Range Breakouts (ORB) for the first 5, 15, and 30 minutes of the US regular trading session (09:30–16:00 ET). It provides a compact, easy-to-read traffic signal table on your chart to show whether price is breaking out, breaking down, or consolidating inside the range. 🔑 Features Auto-anchors at 09:30 ET (converted to your local time automatically). Tracks ORB High/Low for: 5-minute window (09:30–09:34) 15-minute window (09:30–09:44) 30-minute window (09:30–09:59) Displays results in a compact table: ↑ (green) → price has broken above the ORB high ↓ (red) → price has broken below the ORB low • (gray) → price remains inside the ORB range (optional; can be disabled) Customizable: Toggle which ORBs to show (5m, 15m, 30m) Choose table position (top/bottom left/right) Adjustable text size Option to plot the ORB High/Low lines on your chart 📌 Usage Designed for intraday traders watching US equities/ETFs/futures. Works best on 1-minute or 5-minute charts with Extended Hours turned OFF (so the session starts exactly at 09:30 ET). Helps you quickly spot early breakouts (5m), mid-session trends (15m), or confirmed directional moves (30m). ⚠️ Notes Signals only update during the RTH session Outside market hours, the last locked ORB and signal remain displayed until the next open. This tool is for analysis/visualization only; not a buy/sell signal. Always combine with your own trading strategy and risk management. 👉 Perfect for traders who want a quick visual confirmation of whether price is breaking out of the opening range or stuck inside it.
Pine Script® Indikator
von GYSTrading
Previous Day Fibonacci + Opening RangePrev Day Fibonacci & Opening Range Levels This indicator is designed for professional traders who want to combine yesterday’s market structure with today’s intraday levels. 🔹 Features: Automatic Fibonacci Retracements: Draws customizable Fibonacci retracement/extension levels based on the previous day’s High & Low. Full Customization: Users can adjust the Fibonacci ratios and colors directly in settings. Opening Range Levels: Plots today’s first candle High & Low (user-selectable timeframe for OR). Clear Visuals: Helps identify key reversal zones, breakout levels, and confluence areas between higher timeframe structure and intraday moves. 🔹 Usage Ideas: Spot potential reversal zones when price reacts to previous-day Fib levels. Combine Opening Range breakout strategies with daily Fib levels for high-probability setups. Use as confluence levels with your existing price action or indicator-based strategy. ⚡ Pro Tip: Look for overlaps between the Opening Range and Fibonacci retracements — these zones often act as strong support/resistance areas.
Pine Script® Indikator
von drashtayoga11
2
Opening-Range BreakoutNote: Default trading date range looks mediocre. Set date range to "Entire History" to see full effect of the strategy. 50.91% profitable trades, 1.178 profit factor, steady profits and limited drawdown. Total P&L: $154,141.18, Max Drawdown: $18,624.36. High R^2 █ Overview The Opening-Range Breakout strategy is a mechanical, session‑based day‑trading system designed to capture the initial burst of directional momentum immediately following the market open. It defines a user‑configurable “opening range” window, measures its high and low boundaries, then places breakout stop orders at those levels once the range closes. Built‑in filters on minimum range width, reward‑to‑risk ratios, and optional reversal logic help refine entries and manage risk dynamically. █ How It Works Opening‑Range Formation Between 9:30–10:15 AM ET (configurable), the script tracks the highest high and lowest low to form the day’s opening range box. On the first bar after the range window closes, the range high (OR_high) and low (OR_low) are “locked in.” Range‑Width Filter To avoid false breakouts in low‑volatility mornings, the range must be at least X% of the current price (default 0.35%). If the measured opening-range width < minimum threshold, no orders are placed that day. Entry & Order Placement Long: a stop‑buy order at the opening‑range high. Short: a stop‑sell order at the opening‑range low. Only one side can trigger (or both if reverse logic is enabled after a losing trade). Risk Management Once triggered, each trade uses an ATR‑style stop-loss defined as a percentage retracement of the range (default 50% of range width). Profit target is set at a configurable Reward/Risk Ratio (default 1.1×). Optional: Reverse on Stop‑Loss – if the initial breakout loses, immediately reverse into the opposite side on the same day. Session Exit Any open positions are closed at the end of the regular trading day (default 3:45 PM ET window end, with hard flat at session close). Visual cues are provided via green (range high) and red (range low) step‑line plots directly on the chart, allowing you to see the range box and breakout triggers in real time. █ Why It Works Early Momentum Capture: The first 15 – 60 minutes of trading encapsulate overnight news digestion and institutional order flow, creating a well‑defined volatility “range.” Mechanical Discipline: Clear, rule‑based entries and exits remove emotional guesswork, ensuring consistency. Volatility Filtering: By requiring a minimum range width, the system avoids choppy, low‑range days where false breakouts are common. Dynamic Sizing: Stops and targets scale with the opening range, adapting automatically to each day’s volatility environment. █ How to Use Set Your Instruments & Timeframe -Apply to any futures contract on a 1‑ to 5‑minute chart. -Ensure chart timezone is set to America/New_York. Configure Inputs -Opening‑Range Window: e.g. “0930-1015” for a 45‑minute range. -Min. OR Width (%): e.g. 0.35 for 0.35% of current price. -Reward/Risk Ratio: e.g. 1.1 for a modest profit target above your stop. -Max OR Retracement %: e.g. 50 to set stop at 50% of range width. -One Trade Per Day: toggle to limit to a single breakout. -Reverse on Stop Loss: toggle to flip direction after a losing breakout. Monitor the Chart -Watch the green and red range boundaries form during the session open. -Orders will automatically submit on the first bar after the range window closes, conditioned on your filters. Review & Adjust -Backtest across multiple months to validate performance on your preferred contract. -Tweak range duration, minimum width, and R/R multiple to fit your risk tolerance and desired win‑rate vs. expectancy balance. █ Settings Reference Input Defaults Opening‑Range Window - Time window to form OR (HHMM-HHMM) - 0930–1015 Regular Trading Day - Full session for EOD flat (HHMM-HHMM) - 0930–1545 Min. OR Width (%) - Minimum OR size as % of close to trigger orders - 0.35 Reward/Risk Ratio - Profit target multiple of stop‑loss distance - 1.1 Max OR Retracement (%) - % of OR width to use as stop‑loss distance - 50 One Trade Per Day - Limit to a single breakout order per day - false Reverse on Stop Loss - Reverse direction immediately after a losing trade - true Disclaimer This strategy description and any accompanying code are provided for educational purposes only and do not constitute financial advice or a solicitation to trade. Futures trading involves substantial risk, including possible loss of capital. Past performance is not indicative of future results. Traders should assess their own risk tolerance and conduct thorough backtesting and forward-testing before committing real capital.
Pine Script® Strategie
von fabledforman
2