Trading Lab: Sessions ORB

This indicator automatically plots the first 15-minute Opening Range Breakout (ORB) for each major trading session — Tokyo, London, and New York — and highlights them with shaded zones that scroll dynamically with your chart.

Each session’s range is defined by the high and low of its first 15 minutes, and the zones extend across the chart so you can instantly see where price is trading relative to the prior session’s structure.

Once the range is established, the indicator generates Buy and Sell arrows whenever price closes above or below the session’s ORB zone.
Optionally, trades are filtered by:

EMA Trend Filter: Confirms that price is trending in the direction of the breakout (fast > slow for longs, slow > fast for shorts).

ADX Strength Filter: Ensures volatility and trend strength exceed your chosen threshold.

ATR Range Filter: Prevents signals from forming when the session’s ORB is too small (e.g., low-volatility markets).

You can configure each filter or disable them entirely for pure price-action breakouts.