Custom ORBIT — GSK-VIZAG-AP-INDIA

📌 Description

Custom ORBIT — Opening Range Breakout Indicator Tool
Created by GSK-VIZAG-AP-INDIA

This indicator calculates and visualizes the Opening Range (OR) of the trading session, with customizable start/end times and flexible range duration. The Opening Range is defined by the highest and lowest prices during the selected initial market window.

🔹 Key Features:

User-defined Opening Range duration (default: 15 minutes from 9:15).

Adjustable session start and end times.

Plots Opening Range High (ORH) and Opening Range Low (ORL).

Extends OR levels across the session with multiple line style options (Dotted, Dashed, Solid, Smoothed).

Highlights breakouts (price crossing above/below OR) and reversals (price returning back inside).

Simple chart markers (triangles/labels) for quick visual recognition.

⚠️ Disclaimer:
This tool is intended for educational and analytical purposes only. It does not generate buy/sell signals or provide financial advice. Always use independent analysis and risk management.