INVITE-ONLY SCRIPT
מעודכן PX ORB Luxe Terminal
🌐 Overview and Philosophy The PX ORB Luxe Terminal is a volatility-based execution suite designed to structure the chaotic market open. While the Opening Range Breakout (ORB) is a foundational strategy, traders often struggle with two main issues: identifying the correct volatility window and managing risk during the initial expansion.
This script solves those problems by combining a flexible range detector with a momentum filter and an automated risk calculator. It validates the "worth" of the tool by acting as a discipline engine preventing over-trading and enforcing a strict process during the session open.
⚙️ Methodology and Logic This script operates using a confirmed three-step logic sequence:
Customizable Volatility Range (5m vs 15m): The core of the strategy defines the High and Low of the opening session. This is fully adjustable via the settings:
15-Minute Mode: Best for capturing the macro move of the session.
5-Minute Mode: Best for scalping quicker volatility expansions.
The user sets the specific Open Time (e.g., NY 09:30), and the script automatically calculates the range from that moment.
Momentum Filter (False Signal Rejection): To filter out "fakeouts" and chop, the script utilizes a Trend Filter. A breakout is only considered valid if the price is trading on the correct side of the 20-period EMA and the VWAP (Volume Weighted Average Price). This ensures that entries are only taken when short-term momentum aligns with the volume-weighted average.
Directional Lock & Discipline: A unique feature of this terminal is the "Direction Lock." Once a valid trade is taken, the system can be set to lock that direction for the remainder of the session. This prevents "whipsaws" (flipping long to short repeatedly) and helps the trader stick to the initial bias.
🌍 Market Compatibility This logic is universal to volatility assets but includes specific modes for different asset classes:
Indices (US30, NAS100, SPX500): Use the default NY Session settings (09:30 Open).
Commodities (Gold, Oil): Adjustable start times to capture pre-market volume (e.g., 08:20 Open).
Crypto (BTC, ETH): Includes an "All-Day Trading" toggle to bypass session filters for 24/7
markets.
Futures ( GC, NQ, BTC, ES, YM)
🛡️ Risk Management Engine Rather than manual calculation, the script automates the risk parameters based on the volatility of the range:
Stop Loss Profiles: Users can choose between a "Conservative" profile (Stop at the opposite end of the range) or "Aggressive" (Stop at the midpoint/equilibrium of the range).
Target Projections: The script automatically plots fixed Reward-to-Risk targets (1.2R, 2.0R, and 3.0R) to assist with partial profit taking and trade management.
🖥️ Features and Interface
Live HUD: A heads-up display panel shows the current session status, win/loss metrics for the day, and the state of the EMA/VWAP filters.
News Warning: An integrated time filter alerts the user to upcoming news events (based on user input) to avoid trading during news spikes.
Visual Clarity: The chart overlay is designed to be minimal, highlighting only the active session and the relevant breakout levels.
⚠️ Disclaimer This tool is for technical analysis and educational purposes only. Past performance does not guarantee future results.
This script solves those problems by combining a flexible range detector with a momentum filter and an automated risk calculator. It validates the "worth" of the tool by acting as a discipline engine preventing over-trading and enforcing a strict process during the session open.
⚙️ Methodology and Logic This script operates using a confirmed three-step logic sequence:
Customizable Volatility Range (5m vs 15m): The core of the strategy defines the High and Low of the opening session. This is fully adjustable via the settings:
15-Minute Mode: Best for capturing the macro move of the session.
5-Minute Mode: Best for scalping quicker volatility expansions.
The user sets the specific Open Time (e.g., NY 09:30), and the script automatically calculates the range from that moment.
Momentum Filter (False Signal Rejection): To filter out "fakeouts" and chop, the script utilizes a Trend Filter. A breakout is only considered valid if the price is trading on the correct side of the 20-period EMA and the VWAP (Volume Weighted Average Price). This ensures that entries are only taken when short-term momentum aligns with the volume-weighted average.
Directional Lock & Discipline: A unique feature of this terminal is the "Direction Lock." Once a valid trade is taken, the system can be set to lock that direction for the remainder of the session. This prevents "whipsaws" (flipping long to short repeatedly) and helps the trader stick to the initial bias.
🌍 Market Compatibility This logic is universal to volatility assets but includes specific modes for different asset classes:
Indices (US30, NAS100, SPX500): Use the default NY Session settings (09:30 Open).
Commodities (Gold, Oil): Adjustable start times to capture pre-market volume (e.g., 08:20 Open).
Crypto (BTC, ETH): Includes an "All-Day Trading" toggle to bypass session filters for 24/7
markets.
Futures ( GC, NQ, BTC, ES, YM)
🛡️ Risk Management Engine Rather than manual calculation, the script automates the risk parameters based on the volatility of the range:
Stop Loss Profiles: Users can choose between a "Conservative" profile (Stop at the opposite end of the range) or "Aggressive" (Stop at the midpoint/equilibrium of the range).
Target Projections: The script automatically plots fixed Reward-to-Risk targets (1.2R, 2.0R, and 3.0R) to assist with partial profit taking and trade management.
🖥️ Features and Interface
Live HUD: A heads-up display panel shows the current session status, win/loss metrics for the day, and the state of the EMA/VWAP filters.
News Warning: An integrated time filter alerts the user to upcoming news events (based on user input) to avoid trading during news spikes.
Visual Clarity: The chart overlay is designed to be minimal, highlighting only the active session and the relevant breakout levels.
⚠️ Disclaimer This tool is for technical analysis and educational purposes only. Past performance does not guarantee future results.
הערות שחרור
🌐 Overview and Philosophy The PX ORB Luxe Terminal is a volatility-based execution suite designed to structure the chaotic market open. While the Opening Range Breakout (ORB) is a foundational strategy, traders often struggle with two main issues: identifying the correct volatility window and managing risk during the initial expansion.This script solves those problems by combining a flexible range detector with a momentum filter and an automated risk calculator. It validates the "worth" of the tool by acting as a discipline engine preventing over-trading and enforcing a strict process during the session open.
⚙️ Methodology and Logic This script operates using a confirmed three-step logic sequence:
Customizable Volatility Range (5m vs 15m): The core of the strategy defines the High and Low of the opening session. This is fully adjustable via the settings:
15-Minute Mode: Best for capturing the macro move of the session.
5-Minute Mode: Best for scalping quicker volatility expansions.
The user sets the specific Open Time (e.g., NY 09:30), and the script automatically calculates the range from that moment.
Momentum Filter (False Signal Rejection): To filter out "fakeouts" and chop, the script utilizes a Trend Filter. A breakout is only considered valid if the price is trading on the correct side of the 20-period EMA and the VWAP (Volume Weighted Average Price). This ensures that entries are only taken when short-term momentum aligns with the volume-weighted average.
Directional Lock & Discipline: A unique feature of this terminal is the "Direction Lock." Once a valid trade is taken, the system can be set to lock that direction for the remainder of the session. This prevents "whipsaws" (flipping long to short repeatedly) and helps the trader stick to the initial bias.
🌍 Market Compatibility This logic is universal to volatility assets but includes specific modes for different asset classes:
Indices (US30, NAS100, SPX500): Use the default NY Session settings (09:30 Open).
Commodities (Gold, Oil): Adjustable start times to capture pre-market volume (e.g., 08:20 Open).
Crypto (BTC, ETH): Includes an "All-Day Trading" toggle to bypass session filters for 24/7
markets.
Futures ( GC, NQ, BTC, ES, YM)
🛡️ Risk Management Engine Rather than manual calculation, the script automates the risk parameters based on the volatility of the range:
Stop Loss Profiles: Users can choose between a "Conservative" profile (Stop at the opposite end of the range) or "Aggressive" (Stop at the midpoint/equilibrium of the range).
Target Projections: The script automatically plots fixed Reward-to-Risk targets (1.2R, 2.0R, and 3.0R) to assist with partial profit taking and trade management.
🖥️ Features and Interface
Live HUD: A heads-up display panel shows the current session status, win/loss metrics for the day, and the state of the EMA/VWAP filters.
News Warning: An integrated time filter alerts the user to upcoming news events (based on user input) to avoid trading during news spikes.
Visual Clarity: The chart overlay is designed to be minimal, highlighting only the active session and the relevant breakout levels.
⚠️ Disclaimer This tool is for technical analysis and educational purposes only. Past performance does not guarantee future results.
הערות שחרור
1. Update Notes (Paste this in the "What's changed?" box)Use this specifically for the V5.5 release note.
V5.5 Update: CST Optimization & Visual Polish
Timezone Calibration: Default settings and session hours have been optimized for Central Standard Time (America/Chicago).
HUD Visuals: The "Session" display now features matching transparency to align perfectly with the EMA/VWAP status indicators.
Session Logic: Refined logic to display specific active sessions (Asia, London, NY AM, NY PM) based on corrected CST hours.
2. Main Description (Paste this in the main "Description" box)
This is fully compliant with TradingView House Rules. It removes "Institutional" claims and focuses on "Risk Management" and "Analysis," which is safe for publication.
PX ORB LUXE - PROFESSIONAL TERMINAL
Concept & Methodology The PX ORB LUXE is a specialized technical analysis tool designed to assist traders in executing the Opening Range Breakout (ORB) strategy with precision and discipline. Unlike standard breakout indicators, this system prioritizes Risk Management and Momentum Validation over simple signal generation.
It is designed to help traders avoid common pitfalls such as over-trading, revenge trading, and entering low-momentum setups.
Key Features
1. Momentum Validation Engine To filter out low-quality breakouts, this script utilizes a Zero-Lag Momentum Check. Instead of waiting for lagging moving average crossovers, the script validates trend direction by ensuring price is holding above/below key dynamic levels:
20 EMA: Short-term trend baseline.
VWAP: Volume Weighted Average Price (value consensus).
Note: Breakouts are only valid if price confirms momentum above these levels.
2. Discipline & Risk Protocols This terminal includes built-in "guardrails" to enforce professional behavior:
Direction Lock: (Optional) Once a trade direction is established for the day, the script can block opposite signals. This prevents "whipsaw" losses and revenge trading in choppy markets.
Trade Limiter: Users can set a hard cap on trades per day (e.g., Max 2). This encourages patience and prevents over-trading.
3. "Smart" Session HUD The Heads-Up Display (HUD) provides real-time situational awareness without cluttering the chart:
Active Session: Automatically detects and displays the current market session (Asia, London, NY AM, NY PM) based on server time.
Trend Bias: Displays real-time trend status based on EMA and VWAP structure.
News Awareness: Allows users to input daily high-impact news times, providing a visual warning when the market is in a "Danger Zone."
4. Visual Clarity
Floating Labels: Entry, Stop Loss, and Take Profit labels "float" near the current price action, ensuring data is always visible without scrolling back to the entry candle.
Finite Extensions: Projection lines extend only as far as needed, keeping the chart clean and professional.
Settings & Customization
Timezone Support: Optimized for CST (America/Chicago) but fully customizable for any global exchange time.
Asset Versatility: adjustable Open Times allow for use on Futures (Gold/Oil), Indices (NAS100/US30), and Crypto (24/7 Mode).
Disclaimer This script is for educational and analytical purposes only. Past performance of any trading system or methodology is not necessarily indicative of future results. Trading involves significant risk.
סקריפט להזמנה בלבד
רק משתמשים שאושרו על ידי המחבר יכולים לגשת לסקריפט הזה. יהיה עליך לשלוח בקשת גישה ולקבל אישור לשימוש. בדרך כלל, הגישה ניתנת לאחר תשלום. למידע נוסף, עקוב אחר ההוראות של היוצר בהמשך או צור קשר עם TheChartGoddess ישירות.
TradingView לא ממליצה לשלם עבור סקריפט או להשתמש בו אלא אם כן אתה סומך לחלוטין על המחבר שלו ומבין כיצד הוא פועל. ייתכן שתוכל גם למצוא חלופות חינמיות וקוד פתוח ב-סקריפטים הקהילתיים שלנו.
הוראות המחבר
Access to this script is restricted to members of the PinkXecutive Society community. Please send me a Private Message (DM) to request access.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט להזמנה בלבד
רק משתמשים שאושרו על ידי המחבר יכולים לגשת לסקריפט הזה. יהיה עליך לשלוח בקשת גישה ולקבל אישור לשימוש. בדרך כלל, הגישה ניתנת לאחר תשלום. למידע נוסף, עקוב אחר ההוראות של היוצר בהמשך או צור קשר עם TheChartGoddess ישירות.
TradingView לא ממליצה לשלם עבור סקריפט או להשתמש בו אלא אם כן אתה סומך לחלוטין על המחבר שלו ומבין כיצד הוא פועל. ייתכן שתוכל גם למצוא חלופות חינמיות וקוד פתוח ב-סקריפטים הקהילתיים שלנו.
הוראות המחבר
Access to this script is restricted to members of the PinkXecutive Society community. Please send me a Private Message (DM) to request access.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.