Começar

Openingrange

HTA - AVWAP & OPEN Overview This indicator combines two foundational day-trading concepts into a single chart overlay: the 15-Minute Opening Range and an Anchored VWAP (AVWAP) tied precisely to the New York regular trading hours open (09:30 EST/3:30 or 4:30 AM depending on DST). The primary goal of this tool is to help traders visualize the early morning battleground between buyers and sellers, specifically to identify high-probability "mid-range" trade setups as the morning session develops. How It Works (The Mechanics) 15-Minute Opening Range: The script automatically identifies the highest high and lowest low of the first 15 minutes of the regular session. It projects these levels across the chart for the remainder of the day, creating a defined structural range. NY Open Anchored VWAP: Simultaneously, an AVWAP is anchored exactly to the 09:30 EST opening candle. Unlike a standard rolling VWAP, anchoring it to the opening bell tracks the true volume-weighted average price of institutional intraday flow from the moment the session begins. How to Use It for Mid-Range Trades While many traders use opening ranges purely for breakout strategies (waiting for a break above the high or below the low), this indicator is designed to capitalize on the price action inside the range. The AVWAP as a Dynamic Midline: Inside the 15-minute Opening Range, the NY AVWAP frequently acts as a magnetic midline or dynamic support/resistance. Mean Reversion: If price extends to the top or bottom of the 15-minute range but fails to break out, traders can use the rejection to target the NY AVWAP in the middle of the range. Mid-Range Continuation: If price crosses and retests the AVWAP from above or below, traders can look for continuation setups targeting the outer boundaries of the 15-minute Opening Range. Key Features: - Highlights the 15-min Opening Range High and Low. - Plots a precise AVWAP anchored to the New York Open. - Clean visual layout to reduce chart clutter. (Disclaimer: This script is for educational purposes only and is designed to aid in structural chart analysis, not to provide guaranteed trading signals.)
Indicador Pine Script®
por Reid_Hicks
Session Anchor RangeThe Session Anchor Range highlights the full wick-to-wick range of the first 15-minute candle of the New York session. This first candle often acts as a reference point for liquidity and early session positioning, helping traders quickly identify potential bias, support, resistance, and breakout opportunities throughout the trading day. The indicator automatically draws a rectangle covering the high and low of the first NY 15-minute candle, creating a clear visual range that can be used as a decision zone. How to Use It: 1️⃣ Breakout Bias One of the most common ways to use this tool is to determine market bias once price breaks out of the range. • Break above the range → Bullish bias • Break below the range → Bearish bias When combined with structure, volume, or higher timeframe analysis, these breakouts can provide strong confluence for directional trades. 2️⃣ Intraday Support & Resistance While price remains inside the range, the boundaries can behave as dynamic levels. • Top of the range → potential resistance • Bottom of the range → potential support Traders often watch for rejections, liquidity sweeps, or consolidation around these edges. 3️⃣ Liquidity & Expansion The first 15 minutes of the New York session frequently establish early liquidity zones. A clean breakout from the range can signal volatility expansion and momentum entering the market. This can help traders anticipate trend continuation or session direction. Tips for Best Results • Works best on lower timeframes (1m–15m) • Combine with market structure or trend analysis • Watch for false breakouts and liquidity sweeps around the edges • Use with other confluence tools such as VWAP, value areas, or order flow Customization The indicator allows you to customize: • Rectangle border color • Fill color and transparency • Border thickness • Session behavior
Indicador Pine Script®
por InvestiShare
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
Indicador Pine Script®
por 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.
Indicador Pine Script®
por Baba_Dollar
NY 5m & 15m Orb - Statistics & LTF Candle structureNY Opening Range (Enhanced with LTF) - NQ Futures Only ⚠️ IMPORTANT: NQ FUTURES ONLY This indicator and ALL statistical probabilities are based on 12 years of historical analysis of NQ (Nasdaq-100 E-mini futures) ONLY. The probabilities, median extensions, and predictions are NOT applicable to ES, stocks, forex, or any other instruments. Use on other instruments at your own risk - the statistics will not be valid. What This Indicator Does The NY Opening Range (ORB) indicator tracks and visualizes the first 5 minutes (9:30-9:35 AM ET) and first 15 minutes (9:30-9:45 AM ET) of the New York trading session, providing: Opening Range Zones - Visual boxes showing the high, low, and midpoint of each timeframe Statistical Extension Levels - Median price targets based on 12 years of NQ data analysis Lower Timeframe (LTF) Candles - Displays 1-minute candles from the OR period positioned to the right of current price for detailed structure analysis Live Statistics Table - Real-time probability calculations that update as conditions are met throughout the session The indicator helps traders identify high-probability setups by showing where price is statistically likely to move based on: Opening range direction (bullish/bearish) Which extreme formed first (high or low) Whether price has broken the range Current market structure Key Features 5-Minute ORB (9:30-9:35 AM ET) Opening range box with customizable bullish/bearish colors Midpoint line (optional) Median extension levels at +0.41% (high) and -0.45% (low) 1-minute LTF candles showing internal structure Extension probability: 84.9% (upside), 81.0% (downside) 15-Minute ORB (9:30-9:45 AM ET) Opening range box with customizable bullish/bearish colors Midpoint line (optional) Median extension levels at +0.38% (high) and -0.42% (low) 1-minute LTF candles showing internal structure Extension probability: 77.2% (upside), 73.5% (downside) Statistics Table The table displays real-time probabilities for: Direction: Whether the OR candle was bullish or bearish Extreme First: Which level (high or low) was touched first during the OR period Extension ↑/↓: Probability that price will break above the high or below the low Midpoint Retest: Likelihood of price returning to test the midpoint (varies 71-88% based on conditions) IB Prediction: Predicted direction of Initial Balance (9:30-10:30 AM, varies 50-74%) Next Break: Most likely direction of next range break (varies 59-80%) Session Close: Predicted direction of 4:00 PM cash close (varies 49-74%) Each statistic shows a status indicator: 🟡 Pending (yellow): Condition hasn't been confirmed yet 🟢 Validated (teal): Condition has been met and confirmed Configuration & Inputs 5-Minute ORB Settings Colors: Bullish Color: Color for bullish OR candles (default: bright green) Bearish Color: Color for bearish OR candles (default: purple) Bullish Fill / Bearish Fill: Semi-transparent fill colors for the range box Range Display: Range Style: Line style for high/low (Solid/Dashed/Dotted) Width: Border width (1-10) Show Midline: Toggle midpoint line visibility Midline Style & Width: Customization for midpoint line Median Extensions: Show Median Extensions: Toggle extension levels Extension Style & Width: Line customization Show Extension Labels: Display percentage labels on extension lines LTF Candles: Show LTF Candles: Toggle 1-minute candle display Number of Candles: How many recent candles to show (1-20, default: 5) Offset: Distance from current bar in bars (default: 5) Candle Spacing: Space between LTF candles (1-5) Candle Width: Width of each LTF candle body (1-5) LTF Bullish/Bearish Colors: Colors for LTF candles Show LTF High/Low Lines: Display range of LTF candles LTF Range Style, Width & Color: Customization for LTF range lines 15-Minute ORB Settings (Same structure as 5-minute, with different defaults for LTF offset: 35 bars, and 15 candles) Labels & Display Show High/Low/Mid Labels: Toggle price level labels Show Prices: Include actual price values in labels Position: Place labels on Left or Right side of range Statistics Table Show Statistics Table: Toggle table visibility Table Position: 9 position options (Top/Middle/Bottom × Left/Center/Right) Table Size: Text size (Auto/Tiny/Small/Normal/Large/Huge) Important Notes About LTF Candles ⚠️ Chart Timeframe Requirements: LTF candles will NOT render properly if your chart timeframe is higher than the ORB timeframe: For 5-minute ORB: Use chart timeframe ≤ 5 minutes For 15-minute ORB: Use chart timeframe ≤ 15 minutes Recommended chart timeframes: 1-minute, 2-minute, or 5-minute for best LTF candle visualization. The LTF candles are "frozen" at the end of the OR period and displayed to the right of the orb box for the session. They show the internal 1-minute structure of how the opening range formed, which can be valuable for: Identifying the order of extreme formation Seeing liquidity sweeps or stop hunts Understanding the microstructure of the opening auction How to Read the Statistics Table The statistics table uses a conditional probability system based on the 5-minute and 15-minute ORB characteristics: Initial Conditions (Always Shown) Direction: Bullish if close ≥ open, Bearish if close < open - Always validated Extreme First: Which level (high or low) was touched first during the OR period - Validated after OR period ends Progressive Statistics (Shown When Conditions Met) Extension ↑/↓: Base probabilities that price will eventually break the high/low Midpoint Retest: Probability varies based on direction + extreme first combination IB Prediction: Predicted Initial Balance direction based on ORB pattern Next Break: Most likely next level to break (high or low) based on current conditions Session Close: Predicted 4PM close direction - only shown after a breakout occurs Status Indicators 🟡 Pending: Waiting for condition to occur (you're watching for it) 🟢 Validated: Condition has been confirmed (it happened) Example Interpretation: 5-MIN ORB Direction: Bullish Extreme First: Low First Extension ↑: 84.9% Extension ↓: 81.0% Midpoint Retest: 81.8% IB Prediction: Bullish 68.7% Next Break: High 79.9% Session Close: Bullish 67.1% This tells you: The 5-min candle closed bullish The low was tested before the high during 9:30-9:35 Price has broken below the low (Extension ↓ validated) Despite breaking the low, there's a 79.9% chance the high breaks next If the high breaks, there's a 67.1% chance of a bullish cash close Median Extension Levels Explained The extension levels are NOT stop loss or take profit targets. They represent the median (50th percentile) price extension observed over 12 years of data when the high or low was breached. 5-Minute ORB: High Extension: +0.41% above the OR high (median upside extension) Low Extension: -0.45% below the OR low (median downside extension) 15-Minute ORB: High Extension: +0.38% above the OR high Low Extension: -0.42% below the OR low These levels show where price typically extends to, but: 50% of extensions go further than these levels 50% of extensions don't reach these levels They are reference points, not guarantees Disclaimer These Are Statistics, Not Predictions All probabilities shown in this indicator are derived from historical analysis of 12 years of NQ futures data. They represent what has happened historically, not what will happen. Important Limitations: A 75% probability means it happened 75% of the time historically - but also failed 25% of the time Past performance does not guarantee future results Market conditions change; regime changes can invalidate historical patterns Statistics are based on NQ futures only - not valid for other instruments Risk Warning: Do NOT trade based solely on these probabilities Always use proper risk management and position sizing These statistics should be ONE input among many in your trading decisions No indicator, system, or probability can eliminate trading risk You can lose money even when trading "high probability" setups Recommended Use: Use probabilities as confluence with your existing trading strategy Combine with price action, order flow, and market context Track the statistics yourself to verify they remain valid Be aware that widely-known statistical edges tend to diminish over time Technical Considerations The indicator uses request.security and request.security_lower_tf which may cause repainting on the last bar LTF candles are "frozen" after the OR period ends to prevent repainting All statistics are calculated in real-time but validate only after conditions are fully met The Initial Balance (9:30-10:30 AM) is used for certain probability calculations Use at your own risk. Trade responsibly.
Indicador Pine Script®
por lucymatos
2
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.
Indicador Pine Script®
por benhall209
Apex Wallet - Opening Range Breakout (ORB) & Session LevelsOverview The Apex Wallet Opening Range Breakout (ORB) is a professional intraday tool designed to capture the volatility of the first minutes of the trading session. By defining a clear range at the market open, this indicator provides traders with high-probability breakout levels and psychological targets based on mathematical extensions of the initial move. Core Mechanics Customizable Session: Easily define your preferred opening range duration (e.g., first 5, 15, or 30 minutes) and session start time. Dynamic Timezone Adjustment: Includes a built-in UTC offset feature to ensure session times align perfectly with your local market, regardless of where you are trading from. Automated Level Tracking: The script automatically identifies and locks the high and low of the specified opening period. Key Features: Psychological Mid-Lines: Calculates the 50% median of the range (ORB Mid) as a pivot point for trend strength. Advanced Volatility Extensions: Plots internal and external targets (High+Mid, Low+Mid) to identify potential exhaustion zones or secondary breakout levels. Intraday Optimization: Designed specifically for low-timeframe traders (1m to 15m) looking for clear execution zones at the bell. How to use: Wait for the opening range to be established. A breakout above the ORB High often indicates bullish dominance, while a break below the ORB Low suggests bearish momentum. Use the internal extension lines as take-profit targets or areas to move your stop-loss to breakeven.
Indicador Pine Script®
por Apex-Wallet
15 Zaman Kutusu ve 10 Zaman Acilisi15 Range Boxes & 10 Open Lines This indicator is a comprehensive technical analysis tool designed to track specific time intervals (Sessions, Killzones) and critical opening prices on your chart. Key Features: 15 Custom Range Boxes: Individual settings for color, time, and labels. 10 Open Price Lines: Track daily, weekly, or session opens. Smart History Limit: "Son X Kutuyu Goster" feature preventing lag and flickering. Pips Display: Automatically calculates and displays the range width in pips. Minimalist Mode: Hides details when "Cok Kucuk" label size is selected. Language: Fully Turkish menu settings. Note: Inspired by Nephew Sam's concept, coded from scratch with performance optimizations and additional features. DISCLAIMER This indicator is for educational purposes only. It does not constitute financial advice or trading signals. Use at your own risk.
Indicador Pine Script®
por StonewallJacks
1
ORB + Key Session Levels (QC)Overview A comprehensive session-based levels indicator that plots Opening Range Breakout (ORB) levels alongside key session highs and lows from Asian, London, and New York trading sessions. Features • Opening Range Breakout (ORB) with configurable duration (5m/15m/30m/1hr/custom) • Previous Day High/Low with two modes: RTH Only (9:30-4:00 ET) or Full Session (6pm-5pm ET for futures) • Asian, London, NY AM, and NY PM session levels • Kill Zones mode (non-overlapping) vs Full Sessions mode • Fair Value Gap detection with optional mitigation removal • HTF Bias dashboard showing market structure • Lines extend from the exact candle where highs/lows occurred • Alerts for all level breaks Kill Zone Defaults (ET) • Asian: 8:00 PM - 12:00 AM • London: 2:00 AM - 5:00 AM • NY AM: 8:30 AM - 11:00 AM • NY PM: 1:30 PM - 4:00 PM How To Use 1. Select Session Mode (Kill Zones or Full Sessions) 2. Choose PDH/PDL Source (RTH for equities, Full Session for futures) 3. Customize session times as needed 4. Set up alerts for level breaks All times are in Eastern Time (ET) and fully customizable. This indicator is for educational purposes only. Not financial advice.
Indicador Pine Script®
por QuantCrawler
22
ORB (x2) by jaXn# ORB (x2) Professional Suite ## 🚀 Unleash the Power of Precision Range Trading **ORB (x2)** isn't just another breakout indicator—it is a complete **Opening Range Breakout workspace** designed for professional traders who demand flexibility, precision, and chart cleanliness. Whether you are trading Indices, Forex, or Commodities, the Opening Range is often the most critical level of the day. This suite allows you to master these levels by tracking **two independent ranges** simultaneously, giving you a distinctive edge. ## 🔥 Why choose ORB (x2)? Most indicators force you to choose one specific time. **ORB (x2)** breaks these limits. ### 🌎 1. Multi-Session Mastery (London & New York) Trade the world's biggest liquidity pools. Set **ORB 1** for the **London Open** (e.g., 03:00–03:05 EST) and **ORB 2** for the **New York Open** (09:30–09:35 EST). Watch how price reacts to London levels later in the New York session. ### ⏱️ 2. Multi-Strategy Stacking (The "Fractal" Approach) This is a game-changer for intraday setups. Instead of two different times, track **two different durations** for the *same* open. * **Setup:** Configure **ORB 1** as the classic **5-minute range** (09:30–09:35). * **Setup:** Configure **ORB 2** as the statistically significant **15-minute or 30-minute range** (09:30–10:00). * **Result:** You now see immediate scalping levels *and* major trend reversals levels on the same chart, automatically. ### 🎯 3. "Plot Until" Tech: Keep Your Chart Clean Sick of lines extending infinitely into the void? Our exclusive **"Plot Until"** feature separates the signal from the noise. You define exactly when the trade idea invalidates. * *Example:* Plot the 09:30 levels only until 12:00 (Lunch). * The script intelligently cuts the lines off at your exact minute, ensuring your chart is ready for the afternoon session without morning clutter. ### ⚡ Precision Engine We use a dedicated "Precision Timeframe" input. Even if you are viewing a 1-hour or 4-hour chart to see the big picture, ORB (x2) can fetch data from the **1-minute** timeframe to calculate the *exact* high and low of the opening range. No more "repainting" or guessing where the wick was. ## 🛠 Feature Breakdown * **Dual Independent Engines:** Fully separate Color, Style, Time, and Cutoff settings for both ORB 1 and ORB 2. * **Absolute Time Cutoff:** Lines obey day boundaries perfectly. A cutoff at 16:00 means 16:00, not "whenever the next bar closes". * **Style Control:** Visually distinguish between your "Scalp" ORB (e.g., Dotted Lines) and your "Trend" ORB (e.g., Solid Thick Lines). * **Performance Mode:** Adjustable "Lookback Days" limits history to keep your chart lightning fast. ## 💡 Configuration Examples **The "Double Barrel" (Standard Stock + Futures)** * *ORB 1:* `0930-0935` (5 min) - The immediate reaction. * *ORB 2:* `0930-1000` (30 min) - The institutional trend setter. **The "Transatlantic" (Forex/Indices)** * *ORB 1:* `0800-0805` (London Open) - European liquidity. * *ORB 2:* `1330-1335` (NY Open) - US liquidity injection. ## ⚠️ Disclaimer Trading involves substantial risk. This tool helps visualize critical price levels but does not guarantee profits. Always combine with proper risk management and your own analysis.
Indicador Pine Script®
por jacksenn
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.
Indicador Pine Script®
por scriptedge
Opening Range BoxOPENING RANGE BOX + LEVELS (RTH) OVERVIEW This indicator draws the Opening Range for the U.S. Regular Trading Hours session starting at 9:30 AM New York time. It plots the Opening Range High, Low, and Midpoint, and can extend those levels for the rest of the session. It also displays the Opening Range size in points and ticks. WHAT IT DRAWS • Opening Range box for the first N minutes of RTH (ex: 5, 10, 15) • OR High (ORH) • OR Low (ORL) • OR Midline (midpoint of ORH/ORL) • Opening Range value label (range in points + ticks) KEY FEATURES • Time-anchored drawings (bar_time) so levels stay accurate on any intraday timeframe • Configurable Opening Range length in minutes • Configurable box fill/border colors • Independent styling for OR High / OR Low / Midline (color, width, line style) • Line extension modes: Line extension modes - To RTH Close - Right Forever - For N Minutes - None Optional label placement to the LEFT of the Opening Range so it doesn’t block new candles Option to keep previous sessions’ Opening Ranges visible for context BEST FOR • Futures: ES / NQ / MNQ (and other RTH-based products) • Intraday stocks and ETFs • OR breakout, rejection/fade, and mean reversion workflows NOTES • Intended for intraday charts • Opening Range is calculated strictly inside the selected time window (no extra bars) • Session is America/New_York, 09:30–16:00
Indicador Pine Script®
por andrefox333
Opening Path Selector (EMA200 Context Tool)📝 Description Opening Path Selector is a context-based indicator designed to help traders quickly identify which asset may offer the cleanest directional path at the market open. This tool does not generate entry or exit signals. Its purpose is to reduce decision fatigue during the first minutes of the session by ranking a small set of high-liquidity assets based on higher-timeframe EMA200 structure. 🔍 What this indicator evaluates The dashboard compares a predefined group of major symbols and ranks them according to: • Proximity to the nearest EMA200 • Relative position versus higher-timeframe EMA200 levels • Directional context inferred from EMA structure The result is a priority-based list that highlights which asset may present: • Less immediate EMA resistance • Clearer directional context • Lower probability of early-session chop 📊 How to read the dashboard • Priority – Ranking based on opening context • Symbol – Evaluated instrument • Nearest EMA200 – Distance and side relative to price • Possible Path – Direction with less immediate EMA resistance • Bias – Strength of the higher-timeframe context Colored markers are used to provide fast visual identification of the highest-priority assets. ⚠️ Important notes • This is a context and selection tool, NOT a trading system • No buy/sell signals, alerts, TP, or SL logic are included • Designed to be used alongside your own execution methodology 🔧 Compatibility Due to Pine Script multi-symbol and multi-timeframe constraints, this public version is intentionally limited to a small set of symbols. TradingView Pro / Premium or higher is recommended for consistent performance. 🔗 Complementary tools This indicator can be complemented with Multi-Tool VWAP + EMAs (Multi-Timeframe) + Key Levels , which provides detailed visibility of multiple EMA levels, VWAP structure, and higher-timeframe reference zones directly on the chart. While Opening Path Selector helps decide which asset to focus on at the open, the complementary tool can assist with in-chart context and confirmation once an asset has been selected. Both tools are designed to serve different stages of the decision process and can be used independently.
Indicador Pine Script®
por mlicero
2
Session Opening Bar RangeSession Opening Bar Range (OBR) - Advanced Opening Range Indicator with Statistical Analysis Overview The Session First Bar Range (FBR) indicator is a comprehensive tool that captures and projects key levels based on the first bar of a user-defined trading session. Unlike traditional daily opening range indicators, this script allows traders to focus on specific session windows (New York RTH, London, Asia, etc.) and analyze price behavior relative to the initial momentum established in that session's opening bar. What makes this indicator unique is its combination of three distinct projection methodologies: statistical analysis based on historical range data, Fibonacci extensions, and fixed-point rotation levels commonly used by institutional traders. To our knowledge, this is the only opening range indicator that incorporates statistical standard deviation levels calculated from historical first bar ranges, making it both a technical and probabilistic tool. Core Concept The opening range concept is based on the principle that the initial price action of a trading session often sets the tone for the remainder of that session. Professional traders have long observed that: The first bar's high and low act as key reference points Price often respects or breaks these levels with significance Expansion beyond the opening range tends to occur in measurable increments This indicator takes these observations and enhances them with: Historical probability analysis - "Based on the last 60 sessions, price typically extends X standard deviations beyond the opening range" Proportional projections - Fibonacci-based extensions showing where measured moves typically target Fixed-point rotations - Institutional rotation levels (e.g., 65 points for NQ, 15 points for ES) How It Works Session Detection & First Bar Capture The indicator uses Pine Script's time() function with timezone support to precisely detect when a trading session begins. When the first bar of the selected timeframe occurs within the session window, the script captures: High (H): The high of the first bar Low (L): The low of the first bar Mid (M): The midpoint (hl2) of the first bar Critical Detail: These levels are fixed from the first bar only - they do not update as the session progresses. This differs from many "opening range" indicators that use a time period (e.g., first 30 minutes). Here, you select the bar timeframe (default 5-minute), and only that single first bar's range is captured. Statistical Level Calculation The indicator maintains a rolling array of the last N session's first bar ranges (default: 60 sessions). For each new session, it calculates: Average Range: Mean of historical first bar ranges Standard Deviation: Volatility of those ranges Projection Levels: High/Low ± (Average Range + Std Dev × Multiplier) This provides probability-based levels. For example, a +2σ level suggests: "Historically, price extending this far beyond the opening range is a 2-standard-deviation event (approximately 95th percentile)." Fibonacci Extensions Using the first bar range as the base unit (100%), the indicator projects Fibonacci levels: 100% extension: One full range above the high / below the low 1.618x extension: (Default) Golden ratio projection 2.618x, 3.618x extensions: Additional Fibonacci levels Calculation: Range = H - L, then Target = H + (Range × Multiplier) for upside projections. OR Rotation Levels These are fixed-point increments from the first bar's high and low. Unlike percentage-based methods, rotations use absolute point values: NQ traders often use 65-point increments ES traders often use 15-point increments Gold/bonds use different values The indicator draws 5 levels above the high (R+1 through R+5) and 5 below the low (R-1 through R-5), each separated by your specified point increment. Features: Session Options Pre-configured Sessions: New York RTH (9:30am - 4:00pm) New York Futures (8:00am - 5:00pm) London (2:00am - 8:00am) Asia (7:00pm - 2:00am) Midnight to 5pm ZB/Gold/Silver OR (8:20am - 4:00pm) CL OR (9:00am - 4:00pm) Custom Session: Define your own start/end times in HHMM format Timezone Support: All sessions respect the selected timezone (default: America/New_York) Customizable Timeframe Select any timeframe for the first bar (1min, 5min, 15min, etc.) Default: 5-minute bars Important: This is the timeframe for the first bar capture, independent of your chart's timeframe Display Options Historical Ranges: Show/hide past session ranges (with configurable limit to manage performance) Line Styles: Choose between Solid, Dashed, or Dotted for range lines and midline Label Position: Left or Right side of range Show Prices: Optionally display actual price values on labels Custom Colors: Fully customizable colors for all components Statistical Levels Lookback Period: Number of historical sessions to analyze (default: 60) Two Multiplier Levels: Default 1σ and 2σ, fully adjustable Separate styling: Different line styles (dashed vs dotted) for each sigma level Optional Labels: Show/hide sigma notation labels Fibonacci Extensions Four Extension Levels: 100%, 1.618x, 2.618x, 3.618x (all customizable) Bidirectional: Projections both above and below the opening range Optional Labels: Toggle percentage/multiplier labels OR Rotation Levels Configurable Increment: Set the point value for your instrument Five Levels Each Direction: R±1 through R±5 Dynamic Labels: Show both rotation number and point value (e.g., "R+1 (65)") Three Line Styles: Solid, Dashed, or Dotted How to Use Setup Add the indicator to your chart Select your trading session from the dropdown Set the timeframe for first bar capture (typically 5-15 minutes) Configure which projection methods you want to see (Statistical, Fibonacci, and/or Rotations) For Day Traders Scenario: Trading NQ during New York RTH Session: Select "New York RTH (9:30am - 4:00pm)" Timeframe: 5-minute (captures 9:30-9:35 bar) Enable: OR Rotations with 65-point increments Strategy: Watch for acceptance/rejection at rotation levels Use R+1/R-1 as initial profit targets R+2/R-2 as extended targets Statistical levels show when price is in "outlier" territory and rotation levels Performance Notes The indicator limits objects to stay within TradingView's constraints (500 max) If you enable all features, reduce "Maximum Historical Ranges" to prevent slowdown Typical configuration: 10-20 historical ranges with all features enabled works well Settings Guide Session Settings Session: Choose from pre-configured sessions or "Custom" Custom Session Start/End: HHMM format (e.g., "0930" for 9:30am) Timezone: Critical for accurate session detection Opening Bar Format Timeframe: The bar size for capturing the first bar's range Show Midline: Toggle the mid-point line Show Historical Ranges: Display previous sessions (recommended: leave ON) Maximum Historical Ranges: Limit history to manage performance (1-500) Range Style / MidLine Style: Solid, Dashed, or Dotted Position: Label placement (Left or Right) Show Prices: Include actual price values on labels Statistical Levels Lookback Periods: How many historical first bar ranges to analyze (default: 60) Std Dev Multiplier 1/2: The sigma levels to project (default: 1.0 and 2.0) All visual settings (colors, line width, label size) Fibonacci Extensions Show Fib Extensions: Enable/disable Fibonacci projections Measured Move Extensions 1-4: The multipliers (default: 1.618, 2.618, 3.618, 4.618) Visual customization options OR Rotations Rotation Increment: The point value for your instrument NQ: 65 points ES: 15 points Adjust for other instruments based on their typical rotation behavior Show Rotation Labels: Display level numbers and point values Visual customization options Use Cases Gap Trading: When price gaps away from previous day's close, the first bar range shows the initial gap acceptance/rejection zone Breakout Confirmation: Price breaking and holding above the first bar high with volume suggests trend day potential. Rotation levels provide measured targets. Reversal Identification: Price reaching +2σ statistical level = rare event, potential exhaustion Range Bound Days: Price oscillating between first bar high/low suggests range-bound session; trade reversals at extremes Institutional Level Awareness: OR Rotations at 65 points (NQ) align with levels professional traders watch Technical Notes The indicator uses request.security() with lookahead=barmerge.lookahead_on to ensure the first bar levels are captured correctly All drawing objects (lines, labels, fills) are managed in arrays with automatic cleanup to prevent memory issues The statistical calculations use array.avg() and array.stdev() for accurate probability estimates Rotation levels use individual line variables (like Fibonacci) rather than loops for reliability Summary This indicator is original in its combination of three distinct methodologies for projecting levels from a session's opening range: Statistical Analysis - No other opening range indicator (to our knowledge) calculates standard deviation projections from historical first bar ranges Time-Based Session Flexibility - Most OR indicators use only daily or fixed time periods; this allows any custom session window Multiple Projection Methods - Traders can use statistical, Fibonacci, AND rotation levels together or separately
Indicador Pine Script®
por lucymatos
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.
Indicador Pine Script®
por trinalavers
1
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
Indicador Pine Script®
por 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.
Indicador Pine Script®
por 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.
Indicador Pine Script®
por AndSem
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.
Indicador Pine Script®
por orenluxy
173
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.
Estratégia Pine Script®
por fabledforman
2
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.
Indicador Pine Script®
por ChartsAlgo