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
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• 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
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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
Openingrange
Nova Trades | Opening Range IndicatorNova Trades | Opening Range With Confluences
Overview
The Nova Trades ORB Simple indicator is a clean, educational implementation of Opening Range Breakout (ORB) methodology combined with Exponential Moving Average (EMA) trend filtering. This script is designed to help traders visualize market structure during the critical opening session and identify high-probability breakout opportunities.
What Makes This Implementation Unique
1. Real-Time Dynamic ORB Tracking
Unlike static ORB indicators that plot fixed levels, this script:
Updates ORB high/low levels in real-time during the opening range period
Dynamically adjusts line positions as new highs/lows form within the ORB window
Uses line.set_y1() and line.set_y2() to provide smooth, live updates without cluttering the chart
Automatically extends ORB levels into the future for easy visual reference
2. Integrated Status Dashboard
The script includes a comprehensive real-time status table that shows:
Current ORB period status (ACTIVE vs COMPLETE)
Calculated ORB range size (useful for volatility assessment)
Current price position relative to ORB levels (ABOVE/BELOW/INSIDE)
Price position relative to EMA (trend context)
First breakout direction detection (BULLISH/BEARISH/PENDING)
This dashboard eliminates the need to manually assess market conditions and provides instant decision-making information.
3. Breakout Detection Logic
The script employs a first-breakout-only tracking system that:
Waits for the ORB period to complete before flagging breakouts
Records only the first directional break after ORB completion
Prevents false signals from intraday price whipsaws
Maintains breakout status throughout the trading session for consistency
4. EMA Confluence Filter
While many ORB scripts exist and EMA is a standard indicator, this script's value lies in how they work together:
Trading Edge: The combination provides a two-factor confirmation system:
ORB Breakout = Short-term momentum shift (microstructure)
EMA Position = Intermediate trend alignment (macrostructure)
Why This Matters:
ORB breakouts above ORB high + price above EMA = Aligned bullish momentum (highest probability long setups)
ORB breakouts below ORB low + price below EMA = Aligned bearish momentum (highest probability short setups)
Conflicting signals (e.g., ORB breakout up but price below EMA) = Lower probability, potential reversal zones
5. Customizable Time Periods
Supports multiple ORB timeframes (5m, 15m, 30m, 45m, 60m) because:
Different securities have different volatility profiles
Intraday traders may prefer shorter ORB periods (5-15m)
Position traders may prefer longer ORB periods (45-60m)
Allows optimization for specific trading styles and instruments
6. Clean Visual Design
Market open line clearly marks session start
Color-coded ORB levels (customizable) for instant visual recognition
Minimal chart clutter with toggle options for each component
Data window plots for programmatic strategy access
How It Works
Opening Range Breakout (ORB) Calculation
Initialization: At 9:30 AM NY time (market open), the script begins tracking
Range Formation: During the selected timeframe (default 30 minutes):
Continuously updates the highest high → ORB High
Continuously updates the lowest low → ORB Low
Range Completion: After the ORB period ends, levels are locked
Breakout Detection: Price breaking above ORB High (bullish) or below ORB Low (bearish) triggers the breakout flag
EMA Trend Filter
Calculates exponential moving average (default 50-period, customizable 1-500)
Provides trend context: Price > EMA = uptrend, Price < EMA = downtrend
Acts as dynamic support/resistance level
Combined Strategy Logic
Why Open Source?
This script is published as open source to:
Provide educational value to the trading community
Demonstrate clean coding practices for ORB implementations
Allow traders to customize and adapt to their specific needs
Serve as a foundation for more complex strategy development
The code uses standard Pine Script functions (ta.ema(), line.new(), table.new()) intentionally to maintain transparency and educational value.
Disclaimer
This indicator is for educational and informational purposes. It does not constitute financial advice. Past performance does not guarantee future results. Always practice proper risk management.
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.
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.
Thiru-KillzonesThiru Killzones - Advanced Trading Session Indicator
Overview
Thiru Killzones is a comprehensive trading session indicator designed to help traders identify and analyze key market sessions throughout the trading day. It visualizes five major trading sessions (Asia, London, NY AM, Lunch, NY PM) with customizable opening range analysis, target levels, and statistical tracking.
Key Features
📊 Trading Sessions
5 Major Sessions: Asia, London, NY AM, Lunch, NY PM
Customizable Times: Configure each session's start and end time
Individual Colors: Each session can have its own color
Enable/Disable: Turn sessions on/off individually
Session Extension: Extend sessions beyond normal hours (especially useful for Asia session)
📈 Opening Range Analysis
Configurable Duration: Set opening range period (default: 60 minutes)
Breakout Flags: Visual indicators when price breaks target levels
Target Visualization: Optional boxes and lines at target levels
Performance Tracking: Statistics table showing hit rates for each target level
🎨 Visual Styles
Choose from 4 unique visual styles:
Frame: Full box with borders (default)
Shade: Background fill only (no borders)
Horizon: Horizontal lines marking session boundaries
Rails: Horizontal lines with vertical orientation option
🏷️ Labels & Display
Customizable Labels: Show session name, day, price range, or pips
Flexible Positioning: Top/Bottom/Center, Inside/Outside, Left/Center/Right
Auto-hide on Daily+: Automatically hides labels on daily timeframe and higher
Multiple Sizes: Auto/Tiny/Small/Normal/Large/Huge
📊 Statistics & Analysis
Session Statistics Table: Compare current session range vs average
Value Format: Display as Price or Pips
⚙️ Advanced Settings
Timezone Support: 27 timezone options (GMT-11 to GMT+12)
Timeframe Filtering: Hide indicator on higher timeframes
History Control: Control how many historical sessions to display
Unified Colors: Option to use same color for all sessions
Transparency Control: Separate transparency for boxes and borders
Border Customization: Solid/Dash/Dot styles with adjustable width
How to Use
Basic Setup
1. Add the indicator to your chart
2. Configure your timezone in Settings
3. Enable the sessions you want to track
4. Customize colors and visual style
Opening Range Analysis
1. Enable "Opening Range" for desired sessions
2. Set the duration (default: 60 minutes)
3. Enable target lines/boxes to see R1/R2/S1/S2 levels
4. Enable breakout flags to see when price breaks levels
5. Enable data table to track statistics
Session Extension
1. Enable "Extended Range" for sessions that cross midnight (like Asia)
2. The indicator automatically calculates the session end time
3. Opening range lines will stop exactly at session end time
Customization
- Use "Visual Style" section to change box appearance
- Use "Labels" section to customize label display
- Use "Unified Colors" to apply same color scheme to all sessions
- Adjust transparency for cleaner chart appearance
Default Session Times
- Asia: 18:00-00:00 (crosses midnight)
- London: 02:00-05:00
- NY AM: 08:30-10:00
- Lunch: 12:00-13:00
- NY PM: 13:30-16:00
*Note: Times are in your selected timezone*
Tips
- Use "History Periods" to control how many past sessions are displayed
- Enable "Hide on Daily+" for labels to keep daily charts clean
- Use "Current Only" in opening range to show only active session
- Enable statistics tables to track session performance over time
- Use session extension for Asia session to properly handle midnight crossover
Attribution
This indicator uses the following community libraries:
- boitoki/AwesomeColor/9 (color utilities)
- boitoki/Utilities/11 (utility functions)
All enhancements and features are original implementations.
Support
For questions or issues, please contact me @thirudinesh through TradingView.
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© 2025 thirudinesh
Opening Range HarmoniX
This is an all-in-one, modular toolkit designed for intraday traders, especially those focusing on the New York session. It combines a fully customizable Opening Range (OR) with a suite of essential indicators (Moving Average, VWAP, Supertrend, and Pivots) to provide a complete and clean view of the market.
All modules (indicators) can be toggled on or off individually, and the entire settings menu is fully translated in both English and Farsi (Persian).
Key Features
1. Customizable Opening Range (OR):
Range Timeframe: Set your OR timeframe (5, 15, or 30 min).
Precise Start Time: Define the exact start hour and minute (default 9:30 NY Time).
Key Levels: Includes OR High, OR Low, and a crucial Mid Line for price equilibrium.
Extension Method: Choose how lines extend: "Until NY Session Close" (16:00) or for a fixed "Number of Bars".
Full Styling: Complete control over color, width, and line style (solid, dashed, dotted) for all levels.
2. Dynamic Day Label:
Automatically displays the day of the week (in English or Farsi) and the selected OR timeframe (e.g., "Monday - 15m") at the start of the range.
3. Built-in Indicator Suite (All Toggleable):
Moving Average (MA):
Multiple Types: Choose from SMA, EMA, WMA, HMA, or VWMA.
Dynamic Coloring: MA line color automatically changes based on its upward (Uptrend) or downward (Downtrend) slope.
VWAP (Daily):
Features similar dynamic coloring to quickly identify the intraday trend bias.
Supertrend:
A classic trend-following tool with customizable ATR Period and Factor.
Dynamic trend-based coloring (uptrend/downtrend).
Pivot Points:
Classic high/low pivots with customizable lookback periods (left/right) to spot key turning points in the market.
💡 Core Concept
Use the Opening Range levels (High, Low, and Mid) as primary support/resistance and to establish the bias for the day. Then, use the additional indicators (MA, VWAP, Supertrend) to confirm trend direction and identify entry/exit opportunities in relation to the OR levels.
BrianDayTrades ORBThis script enables you to trade the 5m, 15m, or 30m ORB or any combination. You can select the main one you want, and see 25%, 50%, 75% lines as well as 50% and 100% extension lines above and below.
BrianDayTrades IBThis indicator plots the Initial Balance for the NY Open. This takes the high and low of the first hour between 9:30am and 10:30am New York time.
You can adjust which lines and labels are shown.
The Initial Balance high and low are shown with 25%, 50%, 75% lines; as well as 50% and 100% above and below the IB range for targets to use as take profits.
Luxy BIG beautiful Dynamic ORBThis is an advanced Opening Range Breakout (ORB) indicator that tracks price breakouts from the first 5, 15, 30, and 60 minutes of the trading session. It provides complete trade management including entry signals, stop-loss placement, take-profit targets, and position sizing calculations.
The ORB strategy is based on the concept that the opening range of a trading session often acts as support/resistance, and breakouts from this range tend to lead to significant moves.
What Makes This Different?
Most ORB indicators simply draw horizontal lines and leave you to figure out the rest. This indicator goes several steps further:
Multi-Stage Tracking
Instead of just one ORB timeframe, this tracks FOUR simultaneously (5min, 15min, 30min, 60min). Each stage builds on the previous one, giving you multiple trading opportunities throughout the session.
Active Trade Management
When a breakout occurs, the indicator automatically calculates and displays entry price, stop-loss, and multiple take-profit targets. These lines extend forward and update in real-time until the trade completes.
Cycle Detection
Unlike indicators that only show the first breakout, this tracks the complete cycle: Breakout → Retest → Re-breakout. You can see when price returns to test the ORB level after breaking out (potential re-entry).
Failed Breakout Warning
If price breaks out but quickly returns inside the range (within a few bars), the label changes to "FAILED BREAK" - warning you to exit or avoid the trade.
Position Sizing Calculator
Built-in risk management that tells you exactly how many shares to buy based on your account size and risk tolerance. No more guessing or manual calculations.
Advanced Filtering
Optional filters for volume confirmation, trend alignment, and Fair Value Gaps (FVG) to reduce false signals and improve win rate.
Core Features Explained
### 1. Multi-Stage ORB Levels
The indicator builds four separate Opening Range levels:
ORB 5 - First 5 minutes (fastest signals, most volatile)
ORB 15 - First 15 minutes (balanced, most popular)
ORB 30 - First 30 minutes (slower, more reliable)
ORB 60 - First 60 minutes (slowest, most confirmed)
Each level is drawn as a horizontal range on your chart. As time progresses, the ranges expand to include more price action. You can enable or disable any stage and assign custom colors to each.
How it works: During the opening minutes, the indicator tracks the highest high and lowest low. Once the time period completes, those levels become your ORB high and low for that stage.
### 2. Breakout Detection
When price closes outside the ORB range, a label appears:
BREAK UP (green label above price) - Price closed above ORB High
BREAK DOWN (red label below price) - Price closed below ORB Low
The label shows which ORB stage triggered (ORB5, ORB15, etc.) and the cycle number if tracking multiple breakouts.
Important: Signals appear on bar close only - no repainting. What you see is what you get.
### 3. Retest Detection
After price breaks out and moves away, if it returns to test the ORB level, a "RETEST" label appears (orange). This indicates:
The original breakout level is now acting as support/resistance
Potential re-entry opportunity if you missed the first breakout
Confirmation that the level is significant
The indicator requires price to move a minimum distance away before considering it a valid retest (configurable in settings).
### 4. Failed Breakout Detection
If price breaks out but returns inside the ORB range within a few bars (before the breakout is "committed"), the original label changes to "FAILED BREAK" in orange.
This warns you:
The breakout lacked conviction
Consider exiting if already in the trade
Wait for better setup
Committed Breakout: The indicator tracks how many bars price stays outside the range. Only after staying outside for the minimum number of bars does it become a committed breakout that can be retested.
### 5. TP/SL Lines (Trade Management)
When a breakout occurs, colored horizontal lines appear showing:
Entry Line (cyan for long, orange for short) - Your entry price (the ORB level)
Stop Loss Line (red) - Where to exit if trade goes against you
TP1, TP2, TP3 Lines (same color as entry) - Profit targets at 1R, 2R, 3R
These lines extend forward as new bars form, making it easy to track your trade. When a target is hit, the line turns green and the label shows a checkmark.
Lines freeze (stop updating) when:
Stop loss is hit
The final enabled take-profit is hit
End of trading session (optional setting)
### 6. Position Sizing Dashboard
The dashboard (bottom-left corner by default) shows real-time information:
Current ORB stage and range size
Breakout status (Inside Range / Break Up / Break Down)
Volume confirmation (if filter enabled)
Trend alignment (if filter enabled)
Entry and Stop Loss prices
All enabled Take Profit levels with percentages
Risk/Reward ratio
Position sizing: Max shares to buy and total risk amount
Position Sizing Example:
If your account is $25,000 and you risk 1% per trade ($250), and the distance from entry to stop loss is $0.50, the calculator shows you can buy 500 shares (250 / 0.50 = 500).
### 7. FVG Filter (Fair Value Gap)
Fair Value Gaps are price inefficiencies - gaps left by strong momentum where one candle's high doesn't overlap with a previous candle's low (or vice versa).
When enabled, this filter:
Detects bullish and bearish FVGs
Draws semi-transparent boxes around these gaps
Only allows breakout signals if there's an FVG near the breakout level
Why this helps: FVGs indicate institutional activity. Breakouts through FVGs tend to be stronger and more reliable.
Proximity setting: Controls how close the FVG must be to the ORB level. 2.0x means the breakout can be within 2 times the FVG size - a reasonable default.
### 8. Volume & Trend Filters
Volume Filter:
Requires current volume to be above average (customizable multiplier). High volume breakouts are more likely to sustain.
Set minimum multiplier (e.g., 1.5x = 50% above average)
Set "strong volume" multiplier (e.g., 2.5x) that bypasses other filters
Dashboard shows current volume ratio
Trend Filter:
Only shows breakouts aligned with a higher timeframe trend. Choose from:
VWAP - Price above/below volume-weighted average
EMA - Price above/below exponential moving average
SuperTrend - ATR-based trend indicator
Combined modes (VWAP+EMA, VWAP+SuperTrend) for stricter filtering
### 9. Pullback Filter (Advanced)
Purpose:
Waits for price to pull back slightly after initial breakout before confirming the signal.
This reduces false breakouts from immediate reversals.
How it works:
- After breakout is detected, indicator waits for a small pullback (default 2%)
- Once pullback occurs AND price breaks out again, signal is confirmed
- If no pullback within timeout period (5 bars), signal is issued anyway
Settings:
Enable Pullback Filter: Turn this filter on/off
Pullback %: How much price must pull back (2% is balanced)
Timeout (bars): Max bars to wait for pullback (5 is standard)
When to use:
- Choppy markets with many fake breakouts
- When you want higher quality signals
- Combine with Volume filter for maximum confirmation
Trade-off:
- Better signal quality
- May miss some valid fast moves
- Slight entry delay
How to Use This Indicator
### For Beginners - Simple Setup
Add the indicator to your chart (5-minute or 15-minute timeframe recommended)
Leave all default settings - they work well for most stocks
Watch for BREAK UP or BREAK DOWN labels to appear
Check the dashboard for entry, stop loss, and targets
Use the position sizing to determine how many shares to buy
Basic Trading Plan:
Wait for a clear breakout label
Enter at the ORB level (or next candle open if you're late)
Place stop loss where the red line indicates
Take profit at TP1 (50% of position) and TP2 (remaining 50%)
### For Advanced Traders - Customized Setup
Choose which ORB stages to track (you might only want ORB15 and ORB30)
Enable filters: Volume (stocks) or Trend (trending markets)
Enable FVG filter for institutional confirmation
Set "Track Cycles" mode to catch retests and re-breakouts
Customize stop loss method (ATR for volatile stocks, ORB% for stable ones)
Adjust risk per trade and account size for accurate position sizing
Advanced Strategy Example:
Enable ORB15 only (disable others for cleaner chart)
Turn on Volume filter at 1.5x with Strong at 2.5x
Enable Trend filter using VWAP
Set Signal Mode to "Track Cycles" with Max 3 cycles
Wait for aligned breakouts (Volume + Trend + Direction)
Enter on retest if you missed the initial break
### Timeframe Recommendations
5-minute chart: Scalping, very active trading, crypto
15-minute chart: Day trading, balanced approach (most popular)
30-minute chart: Swing entries, less screen time
60-minute chart: Position trading, longer holds
The indicator works on any intraday timeframe, but ORB is fundamentally a day trading strategy. Daily charts don't make sense for ORB.
DEFAULT CONFIGURATION
ON by Default:
• All 4 ORB stages (5/15/30/60)
• Breakout Detection
• Retest Labels
• All TP levels (1/1.5/2/3)
• TP/SL Lines (Detailed mode)
• Dashboard (Bottom Left, Dark theme)
• Position Size Calculator
OFF by Default (Optional Filters):
• FVG Filter
• Pullback Filter
• Volume Filter
• Trend Filter
• HTF Bias Check
• Alerts
Recommended for Beginners:
• Leave all defaults
• Session Mode: Auto-Detect
• Signal Mode: Track Cycles
• Stop Method: ATR
• Add Volume Filter if trading stocks
Recommended for Advanced:
• Enable ORB15 + ORB30 only (disable 5 & 60)
• Enable: Volume + Trend + FVG
• Signal Mode: Track Cycles, Max 3
• Stop Method: ATR or Safer
• Enable HTF Daily bias check
## Settings Guide
The settings are organized into logical groups. Here's what each section controls:
### ORB COLORS Section
Show Edge Labels: Display "ORB 5", "ORB 15" labels at the right edge of the levels
Background: Fill the area between ORB high/low with color
Transparency: How see-through the background is (95% is nearly invisible)
Enable ORB 5/15/30/60: Turn each stage on or off individually
Colors: Assign colors to each ORB stage for easy identification
### SESSION SETTINGS Section
Session Mode: Choose trading session (Auto-Detect works for most instruments)
Custom Session Hours: Define your own hours if needed (format: HHMM-HHMM)
Auto-Detect uses the instrument's natural hours (stocks use exchange hours, crypto uses 24/7).
### BREAKOUT DETECTION Section
Enable Breakout Detection: Master switch for signals
Show Retest Labels: Display retest signals
Label Size: Visual size for all labels (Small recommended)
Enable FVG Filter: Require Fair Value Gap confirmation
Show FVG Boxes: Display the gap boxes on chart
Signal Mode: "First Only" = one signal per direction per day, "Track Cycles" = multiple signals
Max Cycles: How many breakout-retest cycles to track (6 is balanced)
Breakout Buffer: Extra distance required beyond ORB level (0.1-0.2% recommended)
Min Distance for Retest: How far price must move away before retest is valid (2% recommended)
Min Bars Outside ORB: Bars price must stay outside for committed breakout (2 is balanced)
### TARGETS & RISK Section
Enable Targets & Stop-Loss: Calculate and show trade management
TP1/TP2/TP3 checkboxes: Select which profit targets to display
Stop Method: How to calculate stop loss placement
- ATR: Based on volatility (best for most cases)
- ORB %: Fixed % of ORB range
- Swing: Recent swing high/low
- Safer: Widest of all methods
ATR Length & Multiplier: Controls ATR stop distance (14 period, 1.5x is standard)
ORB Stop %: Percentage beyond ORB for stop (20% is balanced)
Swing Bars: Lookback period for swing high/low (3 is recent)
### TP/SL LINES Section
Show TP/SL Lines: Display horizontal lines on chart
Label Format: "Short" = minimal text, "Detailed" = shows prices
Freeze Lines at EOD: Stop extending lines at session close
### DASHBOARD Section
Show Info Panel: Display the metrics dashboard
Theme: Dark or Light colors
Position: Where to place dashboard on chart
Toggle rows: Show/hide specific information rows
Calculate Position Size: Enable the position sizing calculator
Risk Mode: Risk fixed $ amount or % of account
Account Size: Your total trading capital
Risk %: Percentage to risk per trade (0.5-1% recommended)
### VOLUME FILTER Section
Enable Volume Filter: Require volume confirmation
MA Length: Average period (20 is standard)
Min Volume: Required multiplier (1.5x = 50% above average)
Strong Volume: Multiplier that bypasses other filters (2.5x)
### TREND FILTER Section
Enable Trend Filter: Require trend alignment
Trend Mode: Method to determine trend (VWAP is simple and effective)
Custom EMA Length: If using EMA mode (50 for swing, 20 for day trading)
SuperTrend settings: Period and Multiplier if using SuperTrend mode
### HIGHER TIMEFRAME Section
Check Daily Trend: Display higher timeframe bias in dashboard
Timeframe: What TF to check (D = daily, recommended)
Method: Price vs MA (stable) or Candle Direction (reactive)
MA Period: EMA length for Price vs MA method (20 is balanced)
Min Strength %: Minimum strength threshold for HTF bias to be considered
- For "Price vs MA": Minimum distance (%) from moving average
- For "Candle Direction": Minimum candle body size (%)
- 0.5% is balanced - increase for stricter filtering
- Lower values = more signals, higher values = only strong trends
### ALERTS Section
Enable Alerts: Master switch (must be ON to use any alerts)
Breakout Alerts: Notify on ORB breakouts
Retest Alerts: Notify when price retests after breakout
Failed Break Alerts: Notify on failed breakouts
Stage Complete Alerts: Notify when each ORB stage finishes forming
After enabling desired alert types, click "Create Alert" button, select this indicator, choose "Any alert() function call".
## Tips & Best Practices
### General Trading Tips
ORB works best on liquid instruments (stocks with good volume, major crypto pairs)
First hour of the session is most important - that's when ORB is forming
Breakouts WITH the trend have higher success rates - use the trend filter
Failed breakouts are common - use the "Min Bars Outside" setting to filter weak moves
Not every day produces good ORB setups - be patient and selective
### Position Sizing Best Practices
Never risk more than 1-2% of your account on a single trade
Use the built-in calculator - don't guess your position size
Update your account size monthly as it grows
Smaller accounts: use $ Amount mode for simplicity
Larger accounts: use % of Account mode for scaling
### Take Profit Strategy
Most traders use: 50% at TP1, 50% at TP2
Aggressive: Hold through TP1 for TP2 or TP3
Conservative: Full exit at TP1 (1:1 risk/reward)
After TP1 hits, consider moving stop to breakeven
TP3 rarely hits - only on strong trending days
### Filter Combinations
Maximum Quality: Volume + Trend + FVG (fewest signals, highest quality)
Balanced: Volume + Trend (good quality, reasonable frequency)
Active Trading: No filters or Volume only (many signals, lower quality)
Trending Markets: Trend filter essential (indices, crypto)
Range-Bound: Volume + FVG (avoid trend filter)
### Common Mistakes to Avoid
Chasing breakouts - wait for the bar to close, don't FOMO into wicks
Ignoring the stop loss - always use it, move it manually if needed
Over-leveraging - the calculator shows MAX shares, you can buy less
Trading every signal - quality > quantity, use filters
Not tracking results - keep a journal to see what works for YOU
## Pros and Cons
### Advantages
Complete all-in-one solution - from signal to position sizing
Multiple timeframes tracked simultaneously
Visual clarity - easy to see what's happening
Cycle tracking catches opportunities others miss
Built-in risk management eliminates guesswork
Customizable filters for different trading styles
No repainting - what you see is locked in
Works across multiple markets (stocks, forex, crypto)
### Limitations
Intraday strategy only - doesn't work on daily charts
Requires active monitoring during first 1-2 hours of session
Not suitable for after-hours or extended sessions by default
Can produce many signals in choppy markets (use filters)
Dashboard can be overwhelming for complete beginners
Performance depends on market conditions (trends vs ranges)
Requires understanding of risk management concepts
### Best For
Day traders who can watch the first 1-2 hours of market open
Traders who want systematic entry/exit rules
Those learning proper position sizing and risk management
Active traders comfortable with multiple signals per day
Anyone trading liquid instruments with clear sessions
### Not Ideal For
Swing traders holding multi-day positions
Set-and-forget / passive investors
Traders who can't watch market open
Complete beginners unfamiliar with trading concepts
Low volume / illiquid instruments
## Frequently Asked Questions
Q: Why are no signals appearing?
A: Check that you're on an intraday timeframe (5min, 15min, etc.) and that the current time is within your session hours. Also verify that "Enable Breakout Detection" is ON and at least one ORB stage is enabled. If using filters, they might be blocking signals - try disabling them temporarily.
Q: What's the best ORB stage to use?
A: ORB15 (15 minutes) is most popular and balanced. ORB5 gives faster signals but more noise. ORB30 and ORB60 are slower but more reliable. Many traders use ORB15 + ORB30 together.
Q: Should I enable all the filters?
A: Start with no filters to see all signals. If too many false signals, add Volume filter first (stocks) or Trend filter (trending markets). FVG filter is most restrictive - use for maximum quality but fewer signals.
Q: How do I know which stop loss method to use?
A: ATR works for most cases - it adapts to volatility. Use ORB% if you want predictable stop placement. Swing is for respecting chart structure. Safer gives you the most room but largest risk.
Q: Can I use this for swing trading?
A: Not really - ORB is fundamentally an intraday strategy. The ranges reset each day. For swing trading, look at weekly support/resistance or moving averages instead.
Q: Why do TP/SL lines disappear sometimes?
A: Lines freeze (stop extending) when: stop loss is hit, the last enabled take-profit is hit, or end of session arrives (if "Freeze at EOD" is enabled). This is intentional - the trade is complete.
Q: What's the difference between "First Only" and "Track Cycles"?
A: "First Only" shows one breakout UP and one DOWN per day maximum - clean but might miss opportunities. "Track Cycles" shows breakout-retest-rebreak sequences - more signals but busier chart.
Q: Is position sizing accurate for options/forex?
A: The calculator is designed for shares (stocks). For options, ignore the share count and use the risk amount. For forex, you'll need to adapt the lot size calculation manually.
Q: How much capital do I need to use this?
A: The indicator works for any account size, but practical day trading typically requires $25,000 in the US due to Pattern Day Trader rules. Adjust the "Account Size" setting to match your capital.
Q: Can I backtest this strategy?
A: This is an indicator, not a strategy script, so it doesn't have built-in backtesting. You can visually review historical signals or code a strategy script using similar logic.
Q: Why does the dashboard show different entry price than the breakout label?
A: If you're looking at an old breakout, the ORB levels may have changed when the next stage completed. The dashboard always shows the CURRENT active range and trade setup.
Q: What's a good win rate to expect?
A: ORB strategies typically see 40-60% win rate depending on market conditions and filters used. The strategy relies on positive risk/reward ratios (2:1 or better) to be profitable even with moderate win rates.
Q: Does this work on crypto?
A: Yes, but crypto trades 24/7 so you need to define what "session start" means. Use Session Mode = Custom and set your preferred daily reset time (e.g., 0000-2359 UTC).
## Credits & Transparency
### Development
This indicator was developed with the assistance of AI technology to implement complex ORB trading logic.
The strategy concept, feature specifications, and trading logic were designed by the publisher. The implementation leverages modern development tools to ensure:
Clean, efficient, and maintainable code
Comprehensive error handling and input validation
Detailed documentation and user guidance
Performance optimization
### Trading Concepts
This indicator implements several public domain trading concepts:
Opening Range Breakout (ORB): Trading strategy popularized by Toby Crabel, Mark Fisher and many more talanted traders.
Fair Value Gap (FVG): Price imbalance concept from ICT methodology
SuperTrend: ATR-based trend indicator using public formula
Risk/Reward Ratio: Standard risk management principle
All mathematical formulas and technical concepts used are in the public domain.
### Pine Script
Uses standard TradingView built-in functions:
ta.ema(), ta.atr(), ta.vwap(), ta.highest(), ta.lowest(), request.security()
No external libraries or proprietary code from other authors.
## Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice.
Trading involves substantial risk of loss and is not suitable for every investor. Past performance shown in examples is not indicative of future results.
The indicator provides signals and calculations, but trading decisions are solely your responsibility. Always:
Test strategies on paper before using real money
Never risk more than you can afford to lose
Understand that all trading involves risk
Consider seeking advice from a licensed financial advisor
The publisher makes no guarantees regarding accuracy, profitability, or performance. Use at your own risk.
---
Version: 3.0
Pine Script Version: v6
Last Updated: October 2024
For support, questions, or suggestions, please comment below or send a private message.
---
Happy trading, and remember: consistent risk management beats perfect entry timing every time.
BORB 5m 15m IB5m and 15m OR indicator with 100% extensions for each.
Also has Initial Balance with 50% extensions.
NY session.
The Wave Levels (ORB Indicator)This Indicator is made for the ORB trader. It's purpose is to help make your charting faster by providing some basic key levels to reference at a glance. This was optimized to be used on the 5m timeframe.
Key features:
1. Green and Red ORB rays to indicate the 15 minute Opening Range. These ranges will only extend as long as its respective session's length.
2. Previous sessions zones for historical easily identification of historical data (best used in UTC-4 timezone)
3. White Liquidity Rays. These rays are used to mark a previous session's high or low which hasn't been swept yet. This makes for a good TP area or identifying a potential reversal area.
Once a previous session high or low has been taken, the ray will automatically remove.
I am not a professional coder. This indicator was created by continuously prompting AI commands over the course of 3 days.
Tradisfy | TSFY | ORB Pro**TSFY | ORB Pro**
Introduction
TSFY | ORB Pro combines the classic Opening Range Breakout (ORB) logic with professional market structure tools such as EMAs, the Daily Open, ADR, and Pivot Points.
The goal: A clean and logically structured intraday visualization of volatility, trend, and key price zones — without visual clutter.
Timezone: Europe/Berlin
---
Core Features
Multi-Session ORB: Separate Opening Ranges for London, Gold, and New York sessions with ORH, ORL, and Mid levels, optionally extendable to the end of the trading day.
EMAs (Intraday & Daily): Adaptive trend filters from 4 to 800 periods plus Daily 13/50/200 EMAs for higher-timeframe structure context.
Classic Pivots: Automatic calculation of daily PP, R, S, and Mid levels with fully customizable colors, styles, and extensions.
Daily Open: Marks the daily opening price as a bias reference point.
ADR (Average Daily Range): Calculates the average true range of the last X days, optionally anchored to the Daily Open with an optional 50% midpoint.
---
Interpretation
Break above ORH → bullish momentum; break below ORL → bearish weakness.
Combine ORB zones with EMAs, Pivots, or ADR for higher confluence.
Daily Open provides intraday bias, ADR defines realistic target zones.
Reactions around R/S levels or OR Mid often indicate short-term turning points.
---
Usage
Use the ORB zone as the basis for breakout, retest, or mean-reversion setups.
Plan realistic take-profit zones using ADR and Pivot levels.
Daily EMAs define the overall market bias.
All components can be toggled on or off individually.
---
Notes
Optimized for intraday ORB trading.
No alerts integrated (yet).
All colors, line widths, and transparency levels are fully customizable.
Non-repainting — lines are extended forward, not redrawn.
Performance-friendly despite multiple visual components (max. 500 lines/labels).
---
TSFY | ORB Pro is a complete framework for modern intraday traders who want to combine session logic, trend filters, and market structure into one clean and efficient tool.
Daily Vertical LineThis indicator draws vertical lines at a specific time each day, helping you visualize important intraday levels or session opens/closes.
Features:
Customizable time in EST timezone (hour and minute inputs)
Adjustable line color, width, and style (solid, dashed, or dotted)
Automatically draws lines for all historical days
Projects one line into the future for the next occurrence
Works on all intraday timeframes. Future line appears as semi-transparent and dashed to distinguish from historical data.
Rogue 4H ORRogue 4H OR – Opening Range
The Rogue 4H Daily OR is a powerful Opening Range tool designed to help traders identify key intraday levels and capitalize on failed breakout setups.
Key Features:
Custom Opening Range: Define your OR start and end times (default 4H) to suit any market – stocks, forex, or crypto.
Locked Levels: Once the OR session ends, the high and low are locked and projected across the trading day.
Fakeout Signals: Triangular buy/sell markers plot when price breaks out of the OR and then closes back inside, signaling potential reversal entries.
Daily Reset: Signals and ranges reset each trading day for clean analysis.
Session Cutoff: Optional cutoff time prevents late-day signals from cluttering your chart.
How to Use:
Adjust the OR start/end time to match your trading session (e.g., 09:30–13:30 for US stocks, 00:00–04:00 for crypto).
Watch for false breakouts → a close above the OR high that falls back inside signals a short, while a close below the OR low that reclaims the range signals a long.
Use the signals in confluence with trend, volume, or other confirmation tools for best results. **This is not financial advice.**
Designed for traders who thrive on intraday range dynamics and want a visual, session-based tool to spot high-probability setups.
**This is not financial advice**
Futures Playbook: VWAP + OR + Cross-Asset TellsFutures Playbook: VWAP + OR + Cross-Asset Tells (with Trade Messages + Coach Panel)
This all-in-one futures trading toolkit combines Opening Range (OR) levels, VWAP, and cross-asset signals to help traders quickly read intraday structure, manage execution, and filter noise.
Core Features
• Opening Range (OR):
• Customizable OR window with High/Low and Midpoint.
• Automatic shading of the OR zone.
• VWAP & Bands:
• Built-in or session-anchored VWAP.
• Optional standard deviation bands for context.
• Cross-Asset Tells:
• Live reads on US 10Y yield, DXY, Crude, and Gold.
• Regime detection: rates risk, USD strength, energy softness, and real-rate easing.
• Confirmations:
• Volume vs. moving average filter.
• Cumulative delta with smoothing.
• ATR-based chop filter to avoid low-quality trends.
Trade Messages + Coach Panel
• Trade Messages (labels): Automatic on-chart prompts for OR completion, VWAP reclaim/loss, long/short setups, and EU close flows.
• Coach Panel (table): Real-time dashboard with regime context, directional bias, execution notes, risk reminders, and key levels (ORH, ORL, VWAP).
Alerts
• OR breakout (long/short with confirmations).
• VWAP reclaim or loss.
• 10Y yield crossing risk threshold.
Use Case
Designed for futures traders and scalpers who rely on VWAP + OR dynamics and need cross-asset confirmation before committing to trades. Great for structuring entries, managing risk, and filtering market noise throughout the session.
Multi-Session Opening RangesThe Multi-Session Opening Ranges indicator plots the Opening Range (OR) levels for three major trading sessions: Asia, London, and New York. It displays the high (ORH), low (ORL), and midline of each session's opening range, helping traders identify key price levels for potential breakouts, reversals, or support/resistance zones.
This indicator is highly customizable, allowing users to tailor the appearance and behavior of each session independently.
Features
Multi-Session Support: Visualizes Opening Ranges for Asia, London, and New York sessions, with customizable session times and timezones.
Customizable Lines: Adjust the color, style (solid, dashed, dotted), and width of ORH, ORL, and midline for each session.
Offset Control: Set a custom offset (in bars) for lines and labels to position them away from price action for better visibility.
Fill Customization: Choose the fill color for the area between ORH and ORL for each session.
Historical Data Option: Toggle the display of historical OR levels to focus on current session data or analyze past ranges.
Timezone Flexibility: Select from a wide range of timezones to align session times with your trading needs.
Label Customization: Adjust the size of labels (tiny, small, normal, large, huge) for clarity on any chart.
How It Works
The indicator identifies the high and low prices during the user-defined opening range period for each session (default: 5 minutes). It then draws:
ORH (Opening Range High): The highest price during the session's opening range.
ORL (Opening Range Low): The lowest price during the session's opening range.
Midline: The average of ORH and ORL, plotted as a dashed line by default.
Filled Area: A semi-transparent fill between ORH and ORL to highlight the range.
Lines and labels extend until the start of the next session or can be offset by a user-specified number of bars for better chart readability. The indicator supports historical data display for analyzing past session ranges.
Inputs
Display:
Show Historical Data: Enable/disable historical OR levels.
Timezone: Select the timezone for session calculations (e.g., UTC-4, UTC+1, etc.).
Asia/London/New York Sessions:
Show Session: Enable/disable the session.
Session Time: Define the start and end time for the opening range (e.g., "0930-0935:1234567" for 9:30–9:35 AM, all days).
Asia/London/New York Style:
ORH/ORL/Midline Color: Set the color for each line.
ORH/ORL/Midline Style: Choose solid, dashed, or dotted styles.
ORH/ORL/Midline Width: Adjust line thickness (1–5).
OR Fill Color: Customize the fill color for the OR area.
Lines/Labels Offset: Set the offset (in bars, -50 to 50) to shift lines and labels relative to price action.
General Style:
Label Size: Set the size of ORH and ORL labels (tiny, small, normal, large, huge).
Usage
Add the indicator to your chart.
Configure session times to match your trading instrument and timezone.
Customize colors, line styles, widths, and offsets for each session to suit your chart preferences.
Use the ORH, ORL, and midline levels to identify key price zones for trading strategies, such as breakouts or reversals.
Notes
Ensure session times do not overlap to avoid conflicts in visualization.
Large offsets may place lines/labels outside the visible chart area; adjust as needed.
The indicator is optimized for intraday timeframes but works on any timeframe.
BB Opening Range
Master session-based trading with precision range analysis and dynamic extensions
📊 Overview
The BB Opening Range Indicator is a comprehensive session analysis tool that captures, visualizes, and extends price ranges for any defined trading session. Whether you're tracking overnight ranges, opening ranges, or custom session periods, this indicator provides institutional-grade visualization with intelligent range extensions and detailed quadrant analysis.
🎯 Key Features
Dynamic Session Tracking
Define custom session times (default: Midnight 00:00-00:30)
Automatic timezone adjustment for precise session detection
Handles sessions that cross midnight seamlessly
Visual session start/end markers with customizable lines
Intelligent Range Extension
Futures Close (17:00) - Extends ranges until 5:00 PM ET
End of Week - Maintains ranges through Friday close
Always - Continuous extension for persistent levels
Session End Only - Basic range without extension
Advanced Quadrant Analysis
Automatically divides ranges into four equal zones (0-25%, 25-50%, 50-75%, 75-100%)
Color-coded quadrants for instant visual reference
Optional quadrant border lines at 25%, 50%, and 75% levels
Customizable colors and opacity for each quadrant
Historical Range Analytics
Tracks multiple historical ranges (configurable 1-50)
Calculates average range size over customizable lookback period (up to 200 days)
Compares current range to historical average
Maintains clean chart with automatic old range cleanup
Professional Visualization
Clean, institutional-style range boxes with customizable borders
Opening price line overlay
Optional info table showing key levels and statistics
Smart label positioning that follows price action
Predictive next session indicator
📈 Use Cases
Opening Range Breakout Trading
Track the first 30-60 minutes of regular trading hours to identify key support/resistance levels for the day.
Overnight Range Analysis
Monitor overnight/globex sessions to gauge pre-market sentiment and identify potential gaps.
Custom Session Ranges
Define any time period relevant to your strategy - London open, New York open, Asian session, or custom intervals.
Multi-Timeframe Analysis
View how price respects historical session ranges across different timeframes for confluence.
⚙️ Settings Guide
Session Settings
Session Name: Label your session for easy identification
Session Time: Define start and end times (24-hour format)
Extend Until: Choose how long ranges remain visible
Lookback Days: Period for calculating average range size
Max Ranges: Number of historical ranges to display
Display Options
Show Quadrants: Toggle quadrant visualization
Show Info Table: Display statistics table
Table Position: Choose table location on chart
Session Lines: Show/hide session start and next session markers
Open Price Line: Display opening price within range
Label Settings
High/Low Labels: Show range extremes
Quadrant Labels: Display 25%, 50%, 75% levels
Open Price Label: Mark session opening price
Current Range Only: Limit labels to most recent range
Visual Styling
Border Settings: Customize box and quadrant borders
Line Widths: Adjust border and quadrant line thickness
Color Scheme: Full control over all visual elements
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.
ICT x Vihapa 4 in 1Indicator Description:
This indicator is designed to provide comprehensive market structure and session-based insights. It includes:
NWoG / NDoG Levels: Displays New Week Opening Gap (NWoG) and New Day Opening Gap (NDoG) for market context.
Key Opening Price Levels: Highlights significant time-based price levels, including 00:00, 08:30, 09:30, and 13:00.
Previous Key Levels: Marks critical historical levels such as the previous week's high and low, previous day’s high and low, and 4-hour highs and lows.
Trading Sessions: Clearly distinguishes major market sessions including the Asian, London, and New York sessions.
This indicator serves as a valuable tool for traders seeking to align their strategies with institutional price behavior and time-based market dynamics.
Opening Range and Initial balanceThis indicator represents Opening Range and Initial Balance levels.
Opening Range represents the high and low established during the first few minutes of the trading session — usually 5, 15 or 30 minutes.
Initial Balance represents the high and low established during the first hour of the trading session.
Open Range Breakout (ORB) with Alerts
🚀 ChartsAlgo – Open Range Breakout (ORB) with Alerts
The Open Range Breakout (ORB) Indicator by ChartsAlg is designed for intraday traders looking to capitalize on price movements after the market’s opening range. This tool is especially effective for futures (MNQ, MES) and high-volatility stocks or crypto where initial volatility sets the tone for the session.
This indicator identifies a user-defined opening range window, plots the high/low lines of that range, and visually alerts users when price breaks out above or below the range — with options to customize breakout repetitions, background fill, and alerts.
💡 What is an Open Range Breakout (ORB)?
The opening range represents the high and low established during the first few minutes of the trading session — usually 15 or 30 minutes. Many intraday strategies are based on the idea that breaking out of this initial range often signals strong momentum and trend continuation.
Traders often enter:
Long when price breaks above the range high.
Short when price breaks below the range low.
⚙️ How It Works
You define a session window (e.g., 09:30–09:45 EST).
The indicator tracks the high and low during this time.
Once the session ends, the high and low become your range breakout levels.
The indicator then:
Plots lines for visual clarity
Optionally fills background between the range
Triggers breakout signals if price crosses the levels
Provides alerts when breakouts occur
🛠️ Settings Breakdown
🔹 Session Settings
Range Session: Set your preferred window (e.g., 0930–0945). Can be premarket, first 30 mins, or any custom time.
Time zone: Use "America/New York" for EST (default) or change to "GMT+0" for international traders.
🔹 Breakout Settings
Bullish Breakout Signals: Number of allowed breakout alerts above the range.
Bearish Breakout Signals: Number of allowed breakout alerts below the range.
This prevents repeated alerts once breakout has been confirmed.
🔹 Display Settings
Show Background Fill: Fills area between high/low of the range for easier visual analysis.
Show Breakout Signals: Triangle markers plotted on the chart when breakouts happen.
Only Show Today’s Range: Keeps the chart clean by showing only the most current day’s range.
🔹 Color Settings
Range High/Low Line Colors: Choose any color for clarity.
Range Fill Color: Customize the highlight area for your chart style.
📊 Chart Features
Range High/Low Lines: Automatically plotted after range session ends.
Visual Fill Box: Optional background shading between the opening range.
Triangle Breakout Markers: Appear at the breakout candle.
Alerts: Can be used with TradingView’s alert system to notify you of breakouts in real-time.
🔔 Alerts
Two alert conditions are built in:
Bullish Breakout: Triggers when price breaks above the high of the range.
Bearish Breakout: Triggers when price breaks below the low of the range.
Example Alert Message:
📈 “Bullish Breakout above Open Range on AAPL!”
To activate:
Click “🔔 Alerts” on TradingView.
Set condition to this script.
Choose “ORB Breakout Up” or “ORB Breakout Down”.
Choose alert frequency and notification method.
⚠️ DISCLAIMER
ChartsAlgo tools are for informational and educational purposes only.
They are not financial advice or signals. Past performance does not guarantee future results. Use at your own risk and always implement solid risk management.
By using this indicator, you agree that you are solely responsible for any trades or decisions made based on the information provided.
ICT Opening Range Projections (tristanlee85)ICT Opening Range Projections
This indicator visualizes key price levels based on ICT's (Inner Circle Trader) "Opening Range" concept. This 30-minute time interval establishes price levels that the algorithm will refer to throughout the session. The indicator displays these levels, including standard deviation projections, internal subdivisions (quadrants), and the opening price.
🟪 What It Does
The Opening Range is a crucial 30-minute window where market algorithms establish significant price levels. ICT theory suggests this range forms the basis for daily price movement.
This script helps you:
Mark the high, low, and opening price of each session.
Divide the range into quadrants (premium, discount, and midpoint/Consequent Encroachment).
Project potential price targets beyond the range using configurable standard deviation multiples .
🟪 How to Use It
This tool aids in time-based technical analysis rooted in ICT's Opening Range model, helping you observe price interaction with algorithmic levels.
Example uses include:
Identifying early structural boundaries.
Observing price behavior within premium/discount zones.
Visualizing initial displacement from the range to anticipate future moves.
Comparing price reactions at projected standard deviation levels.
Aligning price action with significant times like London or NY Open.
Note: This indicator provides a visual framework; it does not offer trade signals or interpretations.
🟪 Key Information
Time Zone: New York time (ET) is required on your chart.
Sessions: Supports multiple sessions, including NY midnight, NY AM, NY PM, and three custom timeframes.
Time Interval: Supports multi-timeframe up to 15 minutes. Best used on a 1-minute chart for accuracy.
🟪 Session Options
The Opening Range interval is configurable for up to 6 sessions:
Pre-defined ICT Sessions:
NY Midnight: 12:00 AM – 12:30 AM ET
NY AM: 9:30 AM – 10:00 AM ET
NY PM: 1:30 PM – 2:00 PM ET
Custom Sessions:
Three user-defined start/end time pairs.
This example shows a custom session from 03:30 - 04:00:
🟪 Understanding the Levels
The Opening Price is the open of the first 1-minute candle within the chosen session.
At session close, the Opening Range is calculated using its High and Low . An optional swing-based mode uses swing highs/lows for range boundaries.
The range is divided into quadrants by its midpoint ( Consequent Encroachment or CE):
Upper Quadrant: CE to high (premium).
Lower Quadrant: Low to CE (discount).
These subdivisions help visualize internal range dynamics, where price often reacts during algorithmic delivery.
🟪 Working with Ranges
By default, the range is determined by the highest high and lowest low of the 30-minute session:
A range can also be determined by the highest/lowest swing points:
Quadrants outline the premium and discount of a range that price will reference:
Small ranges still follow the same algorithmic logic, but may be deemed insignificant for one's trading. These can be filtered in the settings by specifying a minimum ticks limit. In this example, the range is 42 ticks (10.5 points) but the indicator is configured for 80 ticks (20 points). We can select which levels will plot if the range is below the limit. Here, only the 00:00 opening price is plotted:
You may opt to include the range high/low, quadrants, and projections as well. This will plot a red (configurable) range bracket to indicate it is below the limit while plotting the levels:
🟪 Price Projections
Projections extend beyond the Opening Range using standard deviations, framing the market beyond the initial session and identifying potential targets. You define the standard deviation multiples (e.g., 1.0, 1.5, 2.0).
Both positive and negative extensions are displayed, symmetrically projected from the range's high and low.
The Dynamic Levels option plots only the next projection level once price crosses the previous extreme. For example, only the 0.5 STDEV level plots until price reaches it, then the 1.0 level appears, and so on. This continues up to your defined maximum projections, or indefinitely if standard deviations are set to 0.
This example shows dynamic levels for a total of 6 sessions, only 1 of which meet a configured minimum limit of 50 ticks:
Small ranges followed by significant displacement are impacted the most with the number of levels plotted. You may hide projections when configuring the minimum ticks.
A fixed standard deviation will plot levels in both directions, regardless of the price range. Here, we plot up to 3.0 which hiding projections for small ranges:
🟪 Legal Disclaimer
This indicator is provided for informational and educational purposes only. It is not financial advice, and should not be construed as a recommendation to buy or sell any financial instrument. Trading involves substantial risk, and you could lose a significant amount of money. Past performance is not indicative of future results. Always consult with a qualified financial professional before making any trading or investment decisions. The creators and distributors of this indicator assume no responsibility for your trading outcomes.
Opening Range Breakout Detector📈 Opening Range Breakout Detector (TF-Independent)
Tracks breakouts with precision. No matter the chart, no matter the timeframe.
This indicator monitors whether price breaks above or below the Opening Range across multiple key durations — 1m, 5m, 10m, 15m, 30m, 45m, and 60m — using 1-minute data under the hood, while you can work on higher timeframe charts (daily, etc.).
Highlights:
✅ Status table shows which ORs broke UP or DOWN
⏱ Control which timeframes to track
🖼 Customizable table position, size and colors
Crafted by @FunkyQuokka
