Range Commander ORB [JOAT]An Opening Range Breakout command center: captures the opening range, projects measured-move targets, and tracks the breakout live.
◆ WHAT IT IS
The opening range — the high and low of the first minutes of a session — is one of the most-watched intraday reference structures. Range Commander captures it automatically, locks it into a clean box, and builds a full breakout and target framework around it. It is a context and structure tool: it maps the range, marks the breaks, and tracks the targets — it does not fire endless buy/sell arrows.
This is 100% original code, written from scratch. It does not reuse any other author's ORB script.
◆ HOW IT WORKS
1. Range capture. During your chosen session window (default 09:30–09:45 New York, fully adjustable with a timezone selector), the indicator records the running high and low into a live box.
2. Lock and project. When the window closes, the range locks. Its height becomes 1R , and the tool projects measured-move target rails at ±0.5R, ±1R and ±1.5R (all configurable), plus the range midline.
3. Breakout logic. A breakout is registered on either a close beyond the range (cleaner) or a wick beyond the range (faster) — your choice. An option stamps only the first break per side per day to keep the chart immaculate. A minimum range-size filter (in ATR) lets you skip dead, low-range opens.
4. Retests and targets. After a break, the first return to the broken edge is marked with a subtle diamond, and each measured-move target is tracked as hit or unhit in the dashboard.
◆ WHAT YOU SEE
• A precision opening-range box with high/low rails and optional midline
• Measured-move target rails at ±0.5R / ±1R / ±1.5R
• Minimal breakout stamps and retest diamonds — no arrow spam
• A resizable command dashboard with breakout status, OR high/low with intact-or-broken state, range height, range-versus-ATR quality (tight / normal / wide), which targets have printed, and retest status
◆ HOW TO USE IT
• Set the session window to match your instrument and desired ORB length (e.g. 0930-1000 for a 30-minute range).
• A wide range vs. ATR often signals a more energetic session; a tight range warns breakouts may be prone to failure.
• Use the ±R target rails as objective, pre-defined profit references and the opposite range edge as a natural invalidation.
• Designed for intraday timeframes . On daily and higher charts the session concept does not apply, and the dashboard will say so.
◆ NOTES & LIMITATIONS
Use on standard candlestick charts and intraday timeframes. Opening-range breakouts fail as well as follow through — the tool maps structure and targets, it is not financial advice and cannot guarantee a break will run. Combine it with your own analysis and risk management.
— made with passion by officialjackofalltrade
Indicator
ORB Detector DynamicORB Detector Dynamic
OVERVIEW
ORB Detector Dynamic is an Opening Range Breakout (ORB) visualization tool for Asia, London, and New York sessions.
It builds and locks the opening-range high and low for a selected session window, keeps session labels on history, and marks breakouts only after the range is locked — not while the range is still forming.
Built by the Xcelerate Trade team.
CONCEPT
An Opening Range Breakout uses the high and low of a defined window after a session open (for example the first 5, 15, or 30 minutes).
Once that window closes, the range is treated as locked. Breaks of the locked high or low can then be used as timing context together with broader session and structure tools.
HOW IT WORKS
1) Choose one session: Asia, London, or New York
2) Set the ORB window times in Inputs (Eastern Time — America/New_York; editable)
3) During the window, the script updates ORB High and ORB Low
4) When the window closes, the range locks and the label stops showing “forming”
5) Breakout conditions are evaluated only after lock, until the next ORB window starts
6) One breakout flag per direction per session (no repeated spam)
Default ORB windows (EST / America/New_York):
• Asia — 19:00–19:15
• London — 03:00–03:15
• New York — 09:30–09:45
Change start and end times in Inputs to match your ORB length (5 / 15 / 30 minutes). If you change ORB Timeframe, also adjust the session end time.
FEATURES
• ORB High / ORB Low levels (Style colors editable; defaults blue)
• Session labels on history (example: “NY ORB 15m”, “Asia ORB 15m”)
• “forming” label text while the window is still open
• Breakout flash (background highlight on first break — on by default)
• Optional breakout arrows in Style (off by default)
• Alerts:
– ORB Session Start
– ORB Range Locked
– ORB High Breakout (after range)
– ORB Low Breakdown (after range)
HOW TO USE
1) Add the indicator and select the session you trade
2) Confirm ORB Timeframe and session start/end match your playbook
3) Wait until the label no longer says “forming” (range locked)
4) Use a clean break of ORB High as long bias context, or ORB Low as short bias context
5) Prefer confluence with session boxes and higher-timeframe structure before acting
6) Recommended chart timeframe: same as the ORB window or lower (example: 1m–15m for a 15m ORB)
Works well together with:
• Xcelerate - Best Sessions - New York, London & Asia
• Fluid Liquidity Zones - CHoCH + Mitigation + HTF | Xcelerate Trade
SKIP / AVOID
• Trading breaks while the ORB window is still forming
• Chop or news spikes that pierce both sides of the range
• Entries with no session context and no higher-timeframe bias
LIMITATIONS
• This script is a visualization and alert tool. It does not place trades and does not guarantee results.
• Session times use America/New_York so DST is handled by PulseWire’s timezone engine; verify times for your market and broker.
• On very low timeframes, noise and gaps can produce false or early breaks relative to your rules.
• Always confirm with your own risk management and market context.
Indicator
ORB Laboratory v1.0.12ORB LABORATORY v1.0.12
Opening Range Breakout Research & Backtesting Framework
ORB Laboratory is a modular Opening Range Breakout strategy designed for systematic research, backtesting, robustness testing, and experimentation across different markets, sessions, symbols, timeframes, execution assumptions, and ORB methodologies.
This is not a single hard-coded ORB strategy.
The purpose of ORB Laboratory is to provide a flexible environment where traders and researchers can isolate individual variables, compare different approaches to opening-range behavior, and test whether an idea remains viable under different conditions rather than relying on one fixed set of rules.
The script includes multiple ORB sessions, seven entry models, configurable breakout buffers, several confirmation methods, market-condition filters, multiple stop-loss and profit-target models, position sizing, trade-frequency controls, execution modeling, breakeven and trailing-stop management, forced exits, and visual/debugging tools.
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1. MULTI-SESSION ORB ENGINE
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ORB Laboratory supports up to three independent Opening Range windows:
• ORB 1
• ORB 2
• ORB 3
Each ORB can be configured independently with:
• Enable / Disable
• Custom session name
• Starting hour
• Starting minute
• ORB duration in minutes
• Long trades enabled / disabled
• Short trades enabled / disabled
This makes it possible to research multiple market opens or intraday expansion periods within the same strategy.
Examples could include:
• New York open
• London open
• Secondary morning range
• Later-session expansion
• Crypto-specific session windows
• Custom event-based time windows
ORB lengths can range from very short opening ranges to much longer windows.
The strategy continuously tracks the highest high and lowest low while an ORB is forming.
When the ORB finishes, the final:
• ORB High
• ORB Low
• ORB Midpoint
are stored and projected forward on the chart.
The ORB is finalized on the close of the final range-building bar so resting breakout orders can be prepared before the first post-range bar begins.
The implementation also supports one-bar ORBs correctly.
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2. STRATEGY TIME ZONE
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The entire strategy uses a configurable strategy time zone.
This allows ORB sessions, entry cutoffs, forced closes, weekdays, and other time-sensitive logic to remain anchored to the desired market time regardless of the exchange or chart time zone.
Default:
America/New_York
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3. DIRECTION CONTROL
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Global direction can be set to:
• Both
• Long Only
• Short Only
Each individual ORB also has independent Long and Short permissions.
This means direction can be controlled both globally and per session.
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4. ENTRY ALLOWANCE / TRADE FREQUENCY
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ORB Laboratory includes several trade-frequency modes:
ONE TOTAL
Only one entry may be taken from an ORB.
ONCE PER DIRECTION
Allows one long and one short opportunity per ORB.
MAXIMUM NUMBER
Allows a configurable maximum number of entries per ORB.
UNLIMITED
Removes the per-ORB entry restriction while remaining subject to other global limits.
Additional controls include:
• Maximum entries per ORB
• Maximum entries per day
• Stop trading after first winning trade
• Stop trading after first losing trade
• Maximum planned daily risk
These tools make it possible to research whether an ORB performs better as a single-shot setup, one trade per direction, or as a multi-entry strategy.
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5. ENTRY MODEL — BREAKOUT (TOUCH)
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Breakout (Touch) is designed to model a traditional stop-order breakout.
After the ORB is complete, resting stop entries are prepared at:
Long:
ORB High + Long Breakout Buffer
Short:
ORB Low - Short Breakout Buffer
The entry can therefore occur when price touches the breakout threshold rather than waiting for a candle close.
The strategy uses resting stop orders for this mode.
Long and short breakout orders are placed into an OCA cancellation group.
When one side fills, competing unfilled breakout orders are cancelled.
This allows the strategy to model a two-sided opening-range breakout where both directions may initially be armed but only the triggered side remains active.
Unfilled Breakout (Touch) orders are also cancelled when the configured entry cutoff is reached.
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6. ENTRY MODEL — BREAKOUT (CLOSE)
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Breakout (Close) requires confirmation from the candle close.
Long:
Candle closes above the ORB High + Long Breakout Buffer.
Short:
Candle closes below the ORB Low - Short Breakout Buffer.
This model is useful for comparing immediate touch-based breakout execution against the additional confirmation of a completed candle outside the range.
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7. ENTRY MODEL — BREAK + RETEST ORB
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This model waits for a confirmed breakout and then looks for price to retest the broken ORB boundary.
After a breakout, the retest can be confirmed using one of three methods:
TOUCH ONLY
Price only needs to return to the broken ORB boundary.
CLOSE OUTSIDE
Price must retest the boundary and close back on the breakout side.
REJECTION CANDLE
Price must retest the boundary and produce directional rejection.
For a bullish retest, the candle must interact with the ORB High and confirm back above it.
For a bearish retest, the candle must interact with the ORB Low and confirm back below it.
Additional controls include:
• Retest expiry in bars
• Maximum extension before a retest is considered too late
Once a valid retest is consumed, the retest setup is disarmed.
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8. ENTRY MODEL — BREAK + RETEST FVG
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ORB Laboratory includes directional Fair Value Gap detection following an ORB breakout.
A bullish FVG is detected when a three-candle imbalance exists with the current low above the high from two bars earlier.
A bearish FVG is detected when the current high is below the low from two bars earlier.
The minimum FVG size can be defined as an ATR multiple.
Optional logic can require the FVG to remain outside the ORB.
Three FVG entry depths are available:
NEAR EDGE
Uses the first edge of the FVG encountered on the retracement.
MIDPOINT
Uses the 50% level of the FVG.
FULL FILL
Requires price to reach the opposite edge of the FVG.
Additional controls include:
• Minimum FVG size as ATR ×
• FVG must remain outside ORB
• FVG expiry in bars
If price reaches the selected FVG level while the setup is valid, an entry is submitted in the direction of the original breakout.
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9. ENTRY MODEL — SWEEP REVERSAL
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Sweep Reversal is designed to research failed breaks of the opening range.
A high sweep occurs when price trades above:
ORB High + Long Breakout Buffer
but then closes back below the ORB High.
A low sweep occurs when price trades below:
ORB Low - Short Breakout Buffer
but then closes back above the ORB Low.
Two confirmation modes are available:
CLOSE BACK INSIDE
The breakout only needs to fail and close back inside the ORB.
REJECTION CANDLE
The failed breakout must also produce a directional rejection candle.
A failed high produces a potential short setup.
A failed low produces a potential long setup.
Sweep trades are treated as fade/reversal trades and can use dedicated fade-target logic.
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10. ENTRY MODEL — FADE FIRST BREAKOUT
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This model records which side of the ORB breaks first.
The strategy permanently tracks:
• First breakout direction
• First breakout bar
• Maximum extension reached by that breakout
If the first breakout subsequently fails and closes back inside the ORB within the configured failure window, the strategy can fade that failed move.
First high breakout fails:
Potential short.
First low breakout fails:
Potential long.
The model also includes a Maximum Extension Before Retest/Fade setting.
This prevents an extremely extended move from later being treated as a normal failed breakout simply because price eventually returns to the range.
A configurable First-Break Failure Timeout controls how many bars the setup remains eligible.
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11. ENTRY MODEL — FIRST-BREAK DECISION TREE
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The First-Break Decision Tree is a hybrid model that evaluates what happens after the first ORB break.
Instead of automatically assuming that the first breakout should either be followed or faded, the script waits to determine whether the move confirms continuation or fails.
The first breakout direction and extreme are recorded.
Continuation can then be defined as:
TOUCH
Price reaches the breakout threshold.
CLOSE OUTSIDE
Price closes outside the ORB in the breakout direction.
RETEST HOLDS
Price retests the broken boundary and closes back on the breakout side.
If continuation confirms, the strategy trades in the direction of the original breakout.
If the first breakout instead fails and closes back inside the ORB during the allowed failure window, the strategy can reverse and trade against the failed breakout.
This allows a single model to test both:
• Breakout continuation
• Failed-break reversal
using the first interaction with the opening range as the decision point.
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12. BREAKOUT BUFFER SYSTEM
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Long and short breakout buffers are independently configurable.
Buffers can be expressed using:
TICKS
Buffer is based on the symbol's minimum tick size.
ORB %
Buffer is calculated as a percentage of the completed ORB range.
ATR
Buffer is calculated as a multiple of ATR.
This allows breakout confirmation to be normalized in several different ways.
For example, researchers can test whether a fixed one-tick breakout behaves differently from a volatility-adjusted or range-adjusted breakout.
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13. BID / ASK TRIGGER MODEL
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Breakout (Touch) includes an optional bid/ask trigger-timing model.
Application can be set to:
• Off
• Longs Only
• Shorts Only
• Both
Spread can be entered as:
• Ticks
• Absolute price
The model allows the visible PulseWire trigger to be shifted relative to the intended execution level.
For example, on a bid-based chart, a long ask-trigger may occur while the visible bid remains one spread below the intended buy price.
The model therefore allows researchers to approximate the difference between:
• Structural/intended execution level
• Visible chart trigger level
IMPORTANT:
PulseWire Strategy Tester still records the chart-trigger price as the actual historical fill.
Because of this limitation, built-in Strategy Tester P&L remains an approximation when bid/ask trigger modeling is enabled.
The feature is intended for execution research and timing approximation, not as a claim of perfect historical bid/ask reconstruction.
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14. BID / ASK STOP MODEL
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ORB Laboratory separately includes a spread model for stop-loss triggering.
Application options include:
• Off
• Long Stops Only
• Short Stops Only
• Both
This allows the displayed PulseWire stop trigger to be shifted relative to the structural stop by the modeled spread.
The structural stop itself is still retained internally for calculations when desired.
This makes the entry-side spread assumption and stop-side spread assumption independently configurable.
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15. ENTRY CALCULATION PRICE
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When spread modeling is active, Fixed-R calculations can use either:
CORRECTED ENTRY
Uses the intended execution level.
CHART TRIGGER
Uses the spread-shifted PulseWire trigger.
This setting affects Fixed-R target calculations.
It does not independently change the actual submitted quantity or order execution.
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16. STOP CALCULATION PRICE
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Risk calculations can use either:
CORRECTED STOP
Uses the modeled spread-adjusted stop.
ORIGINAL STOP
Uses the underlying structural stop.
This selection can affect:
• Position sizing
• Original risk calculation
• Fixed-R target calculations
This allows researchers to separate structural price levels from the levels used to approximate executable stop behavior.
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17. EMA FILTER
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An optional EMA directional filter is included.
The EMA length is configurable.
Available rules:
PRICE VS EMA
Long:
Price must be above the EMA.
Short:
Price must be below the EMA.
EMA SLOPE
Long:
EMA must be rising.
Short:
EMA must be falling.
BOTH
Requires both the appropriate price relationship and EMA slope.
When enabled, the EMA is also plotted on the chart.
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18. VWAP FILTER
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An optional VWAP directional filter is available.
Rules include:
PRICE VS VWAP
Long:
Price above VWAP.
Short:
Price below VWAP.
VWAP SLOPE
Long:
VWAP rising.
Short:
VWAP falling.
BOTH
Requires both conditions.
When enabled, VWAP is plotted directly on the chart.
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19. PREVIOUS CLOSE FILTER
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The script retrieves the confirmed previous daily close without lookahead.
Two filtering modes are available:
PRICE VS PREVIOUS CLOSE
Long:
Current price must be above the previous close.
Short:
Current price must be below the previous close.
ORB VS PREVIOUS CLOSE
Long:
The entire ORB must be above the previous close.
Short:
The entire ORB must be below the previous close.
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20. ORB RANGE FILTER
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A configurable minimum and maximum ORB range filter is included.
The ORB size can be measured in:
• Ticks
• ATR multiples
• Percentage of price
This allows researchers to reject ranges that are considered:
• Too small
• Too large
• Abnormally compressed
• Abnormally volatile
It also makes range thresholds more portable across different symbols and volatility environments.
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21. RELATIVE VOLUME FILTER
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An optional relative-volume condition compares current volume with a moving average of volume.
Controls include:
• Volume average length
• Minimum relative-volume multiplier
A trade is permitted only when current volume meets or exceeds the selected multiple of average volume.
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22. ADX FILTER
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An optional ADX filter is included.
Controls:
• ADX length
• Minimum ADX value
This can be used to research whether ORB setups behave differently during stronger or weaker directional conditions.
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23. MAXIMUM BREAKOUT CANDLE SIZE
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The strategy can reject entry conditions when the current candle becomes excessively large relative to ATR.
Maximum breakout candle size is expressed as:
ATR × multiplier
This can be used to study whether chasing unusually extended breakout candles damages expectancy.
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24. STOP LOSS — CANDLE EXTREME
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
For long trades:
Stop is placed below the relevant candle low, with an optional tick buffer.
For short trades:
Stop is placed above the relevant candle high, with an optional tick buffer.
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25. STOP LOSS — ATR
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Places the stop a configurable ATR distance from the entry/reference price.
Long:
Entry/reference price - ATR × multiplier
Short:
Entry/reference price + ATR × multiplier
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26. STOP LOSS — ORB MIDPOINT
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Uses the midpoint between the ORB High and ORB Low as the structural stop.
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27. STOP LOSS — ORB OPPOSITE RANGE
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Long:
Stop below the ORB Low.
Short:
Stop above the ORB High.
An optional stop buffer in ticks can be applied beyond the opposite boundary.
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28. STOP LOSS — BREAKOUT EXTREME
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Uses the relevant breakout extreme as the stop reference, with the optional stop buffer applied beyond that level.
This is useful for retest, failure, sweep, and other models where the breakout structure itself provides the invalidation point.
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29. STOP LOSS — ORB PERCENTAGE
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Stop distance is calculated as a configurable percentage of the completed ORB range.
This allows the stop distance to scale directly with the size of the opening range.
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30. STOP LOSS — FVG INVALIDATION
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Uses the relevant FVG boundary as the stop reference.
Long:
Below the FVG bottom.
Short:
Above the FVG top.
The configured stop buffer may also be applied.
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31. STOP BUFFER
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
A configurable stop buffer can be added in ticks.
This allows the structural stop to sit beyond the selected invalidation level rather than directly on it.
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32. PROFIT TARGET — FIXED R
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Profit target is calculated as a multiple of the original trade risk.
Long:
Entry + Risk × R Multiple
Short:
Entry - Risk × R Multiple
The R multiple is fully configurable.
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33. PROFIT TARGET — ORB PROJECTION
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Projects a configurable multiple of the complete ORB range beyond the breakout boundary.
Long:
ORB High + ORB Range × multiplier
Short:
ORB Low - ORB Range × multiplier
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34. PROFIT TARGET — ATR
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Sets the target a configurable ATR multiple away from entry.
Long:
Entry + ATR × multiplier
Short:
Entry - ATR × multiplier
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35. PROFIT TARGET — ORB MIDPOINT
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Uses the ORB midpoint as the target.
This can be useful when researching reversal or mean-reversion behavior.
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36. PROFIT TARGET — ORB OPPOSITE RANGE
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Targets the opposite ORB boundary.
This is especially useful for studying moves that rotate from one side of the range toward the other.
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37. DEDICATED FADE TARGETS
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Fade/reversal entries can use their own target preference:
• Midpoint
• Opposite Boundary
• Fixed R
This allows continuation trades and fade trades to be researched using different exit logic.
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38. POSITION SIZING — FIXED USD RISK
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Position size can be calculated so the planned loss between entry and stop corresponds to a fixed dollar amount.
The script calculates:
• Entry-to-stop distance
• Cash risk per unit
• Required quantity
and then rounds quantity according to the configured quantity step.
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39. POSITION SIZING — RISK % OF EQUITY
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Position size can dynamically scale with strategy equity.
The selected percentage of current equity is divided by the calculated cash risk per unit to determine quantity.
This allows compounding-based position sizing to be researched.
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40. POSITION SIZING — FIXED QUANTITY
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A fixed position size can be used instead of risk-based sizing.
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41. QUANTITY CONSTRAINTS
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Position sizing supports:
• Quantity step
• Minimum quantity
• Maximum quantity
Calculated quantity is stepped downward to the permitted increment and then constrained within the configured minimum and maximum.
This makes sizing adaptable to instruments with different contract or quantity requirements.
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42. MAXIMUM DAILY PLANNED RISK
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An optional daily planned-risk ceiling can prevent new entries when another planned trade would push total daily risk above the configured limit.
A value of zero disables this restriction.
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43. STOP AFTER FIRST WIN
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When enabled, the strategy prevents further entries after the first profitable closed trade of the day.
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44. STOP AFTER FIRST LOSS
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When enabled, the strategy prevents further entries after the first losing closed trade of the day.
These two controls can be used independently to study daily stopping rules.
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45. ENTRY CUTOFF
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A configurable time prevents new entries after a chosen hour and minute.
For Breakout (Touch), any remaining unfilled resting breakout orders are cancelled when the cutoff is reached.
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46. FORCE CLOSE
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An optional forced-close time exits any remaining open position at or after the configured time.
This is useful for strictly intraday strategies that should not carry positions beyond a session boundary.
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47. WEEKDAY FILTERS
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Every day of the week can be independently enabled or disabled:
• Monday
• Tuesday
• Wednesday
• Thursday
• Friday
• Saturday
• Sunday
This allows weekday effects to be researched without modifying the strategy code.
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48. BREAKEVEN MANAGEMENT
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
An optional breakeven system can move the active stop after price reaches a configurable R multiple.
Controls:
• Breakeven activation R
• Breakeven offset in ticks
For a long position, the stop can move to entry plus the selected offset.
For a short position, the stop can move to entry minus the selected offset.
The stop is only tightened; the logic does not intentionally loosen an existing stop.
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49. BAR-CLOSE ATR TRAILING STOP
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An optional ATR trailing system activates after the trade reaches a configurable R threshold.
The strategy tracks the best confirmed close reached during the trade.
After activation:
Long:
Trail candidate = Best Close - Entry ATR × Trail Multiplier
Short:
Trail candidate = Best Close + Entry ATR × Trail Multiplier
The stop only ratchets in the favorable direction.
The trailing logic operates on confirmed bars.
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50. TIME-BASED EXIT
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Positions can optionally be closed after a specified number of bars.
Setting the value to zero disables the time exit.
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51. ONE ACTIVE POSITION / NO PYRAMIDING
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The strategy is configured with pyramiding disabled.
New setups also require the strategy to be flat before entry.
This keeps the framework focused on one active position at a time rather than stacking multiple simultaneous positions.
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52. OCA BREAKOUT ORDER MANAGEMENT
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Breakout (Touch) orders use One-Cancels-All behavior.
When one resting breakout order fills, competing unfilled touch orders are cancelled.
The strategy then records the filled ORB, direction, stop, target, entry ATR, and original risk for active position management.
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53. ORB VISUALIZATION
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Optional ORB boxes display the opening-range construction directly on the chart.
Once complete, the script extends:
• ORB High
• ORB Low
• Optional ORB Midpoint
forward on the chart.
This allows the strategy logic to be inspected visually rather than only through Strategy Tester results.
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54. SIGNAL LABELS
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Optional labels identify strategy entries and their originating logic.
Examples include:
• Breakout Touch Fill
• Breakout Close
• ORB Retest
• FVG Retest
• High Sweep
• Low Sweep
• Fade First High Break
• Fade First Low Break
• Decision: Continuation
• Decision: Failed High
• Decision: Failed Low
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
55. BLOCKED-REASON DEBUGGING
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Optional debugging labels can show why an otherwise evaluated setup was blocked.
Possible reasons include:
• Direction disabled
• Range filter
• Entry / daily limit
• Bias / condition filter
• Other blocked condition
This feature is designed to make strategy research easier by showing not only where entries occurred, but also why expected entries did not occur.
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56. ACTIVE STOP & TARGET PLOTS
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
While a position is open, the strategy can display:
• Active Stop
• Active Target
directly on the chart.
Stops dynamically reflect breakeven or trailing-stop adjustments when those systems are active.
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57. RESEARCH DASHBOARD
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
An optional dashboard displays current strategy information including:
• Selected Entry Model
• Daily Entries vs Maximum
• Planned Daily Risk
• EMA Bias
• VWAP Bias
• Previous Daily Close
• Current Position: Long / Short / Flat
• Entry Cutoff Time
The dashboard provides a compact view of the currently active configuration and state.
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58. PREVIOUS DAILY CLOSE WITHOUT LOOKAHEAD
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
The previous-close feature retrieves confirmed daily data using lookahead disabled and then references the prior confirmed daily close.
This avoids intentionally using future daily information in the previous-close filter.
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59. RESEARCH-FIRST DESIGN
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
ORB Laboratory is intentionally modular.
Many settings are not intended to be enabled simultaneously.
The purpose is to allow individual hypotheses to be isolated.
Examples:
• Does Touch outperform Close confirmation?
• Does requiring a retest improve expectancy?
• Are failed first breaks more useful as fades?
• Does the ORB midpoint outperform an ATR stop?
• Does an EMA or VWAP filter improve results?
• Are very small or very large ORBs less effective?
• Does a breakout buffer improve robustness?
• Does performance survive different stop models?
• Does Fixed-R outperform range projection?
• How sensitive are results to spread assumptions?
• How does limiting entries affect drawdown?
• Do certain weekdays behave differently?
• Does breakeven improve or damage expectancy?
The framework is designed to answer those questions with data rather than intuition.
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IMPORTANT BACKTESTING NOTES
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ORB Laboratory is a research and backtesting tool.
Historical results can change significantly based on:
• Symbol
• Exchange / broker data feed
• Timeframe
• ORB session
• ORB length
• Entry model
• Breakout buffer
• Stop model
• Target model
• Position sizing
• Spread assumptions
• Commission
• Slippage
• Filters
• Test period
• Market regime
Different data feeds can produce different highs and lows and therefore different ORB boundaries, triggers, stops, targets, and trade sequences.
Results from one feed should not be assumed to reproduce another feed trade-for-trade.
The optional bid/ask modeling system is an approximation built around PulseWire's historical-chart limitations.
PulseWire may still report the chart trigger as the historical fill even when the strategy is using a corrected/intended price internally for risk or target calculations.
Users should configure PulseWire's Strategy Properties appropriately for the instrument and execution assumptions being researched, including commissions and any additional slippage assumptions.
No backtest guarantees future results.
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INTENDED USE
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ORB Laboratory is intended for:
• Strategy research
• Backtesting
• Robustness testing
• Parameter sensitivity testing
• Comparing ORB entry models
• Comparing stop and target logic
• Studying opening-range behavior
• Execution-model research
• Market and data-feed comparison
• Educational experimentation
It is not intended to provide financial advice, guaranteed signals, or guaranteed profitability.
A profitable historical configuration may fail in future market conditions.
Users should independently validate any configuration before considering live execution.
Build the range.
Define the rules.
Stress the assumptions.
Test the edge. Strategy
Indicator
PDH / PDL / ONH / ONL (CST)PDH / PDL / ONH / ONL — Chicago Session Levels
Marks the four key reference levels traders watch each session, calculated in Chicago (CST/CDT) time:
PDH / PDL — the high and low of the previous Regular Trading Hours session (default 08:30–16:00 CT)
ONH / ONL — the high and low of the overnight range, from the prior RTH close to the pre-market cutoff (default 16:00–08:25 CT)
Each level is finalized when its session closes and extends to the right until the next session produces a new one.
Features
Fully customizable session windows and time zone — set it to any market you trade
Independent color, line style (solid/dashed/dotted), and width for each of the four levels
Optional lines anchored at the wick that created the extreme, so you can see exactly which candle produced the level
Vertical session dividers at day start and day end, with their own colors, styles, and history limit
Price labels that follow the right edge of the chart
Option to keep prior days' levels on screen as fixed segments
Built-in alerts for crosses above PDH/ONH and below PDL/ONL
How to use
Apply on an intraday timeframe — 5-minute or lower gives the most accurate overnight extremes. Enable "Extended Trading Hours" in your chart settings so overnight data is available. These levels commonly act as support/resistance, liquidity targets, and breakout reference points at the open.
This indicator is a visualization tool, not a trading signal. Test on your own instruments and timeframes before relying on it. Indicator
ORB AI [PickMyTrade]ORB AI asks a question most opening-range tools skip: does this
breakout resemble the chart's own past breakouts that worked, or the ones that didn't?
Instead of firing on a single range-break condition, every qualified breakout is scored
across seven independent structural factors, then cross-checked against an on-chart
K-nearest-neighbour library built exclusively from this symbol's own resolved breakout
outcomes. Both numbers are shown — the rule score and the KNN vote — without either one
silently deciding the trade for you.
----------------------------------------------------------------------------------------------------------------
🔷 WHAT IT MEASURES
🔸 Opening Range
The range locks from a configurable session anchor — Exchange Session (the symbol's own
listed timezone), New York 09:30, New York 08:30 (data), London 08:00, Tokyo 09:00, or a
Custom session/timezone pair — over a configurable window (1–120 minutes). If the chart
timeframe is coarser than the chosen window, the range automatically expands to one full
bar and the dashboard notes the effective duration rather than silently misrepresenting
it.
🔸 Rule Confidence (7-factor score)
Every qualified breakout candidate is scored 0–100 across Trend, Momentum, Volume,
Volatility, Structure, Breakout Quality and Liquidity. Trend itself is a blend (35% EMA
alignment, 25% ADX, 25% higher-timeframe read, 15% slope) — the dashboard breaks out all
seven components individually so the score is never a black box.
🔸 Flow Marks — BO / RT / FBO / Sweep
BO tags the confirmed breakout bar. RT tags a retest of the broken range edge that holds
(with a running count). FBO tags a breakout that closed back inside the range — a false
breakout, not a win or loss judgement. Sweep tags a wick that pierced the range edge and
closed back inside — liquidity taken without a directional close.
----------------------------------------------------------------------------------------------------------------
🔷 THE KNN ENGINE (LORENTZIAN DISTANCE)
🔸 How the library is built
Every rule-qualified breakout gets a 6-feature fingerprint (trend, momentum, volume,
volatility, structure, breakout quality). Its outcome is then resolved forward, stop
checked first: 1R target reached before the stop = win, stop first = loss, neither
within the configurable outcome window (15–600 minutes) = discarded as undecided —
drifts are never counted as losses, so the base rate reflects only decisive breakouts.
Every qualified candidate is recorded regardless of outcome, so the library grows
without selection bias.
🔸 How a new candidate is voted
A new candidate is compared to the stored library (up to 300 records) by Lorentzian
distance. The K nearest historical analogues (3–15, default 5) vote, and the vote share
is shown on the signal label and dashboard.
🔸 Advisory vs. Gate
Advisory mode (default) displays the vote as context; it never blocks a signal, so the
set of signalling bars stays fully deterministic regardless of library state. Gate mode
(opt-in) also requires the vote to clear a minimum share before a signal fires — this
trades determinism for selectivity and is only meaningful once the library has grown
past a configurable minimum size.
🔸 Read honestly
With a 6-feature fingerprint, the nearest neighbours of a few-hundred-record library
span roughly half of each feature's range — the vote is a coarse regional tendency, not
a precise analogue match. Loading a different amount of chart history can change the
displayed vote (Advisory) or which candidates pass (Gate); this is inherent to on-chart
instance-based learning and is disclosed rather than hidden. The indicator requires a
symbol with volume data — volume-less feeds (some cash indices / spot FX) cannot render
the KNN engine.
----------------------------------------------------------------------------------------------------------------
🔷 SIGNALS AND DISPLAY
🔸 Dashboard
A compact table shows Session, Regime, ML Engine status (library size / warm-up state),
locked Range, Bias, the 7-factor Rule Confidence bar, Risk-per-Unit, the active Trade
Plan, and a Flow Marks legend. An optional Full mode expands all seven score components.
🔸 Trade Plan overlay
On a qualified signal the indicator draws an entry, stop, and take-profit levels using
one of three configurable methods: a fixed R ladder, an opening-range-width measured-move
projection, or an ATR-scaled EMA-dynamic trail. This is a reference overlay describing
one rules-based way to structure the trade *if* you choose to take it — it is not a
recommendation, and the levels are not a performance claim.
🔸 Non-repainting
Signals evaluate on confirmed closes only. Locked range levels never change once set.
Higher-timeframe reads use ` ` plus `lookahead_off`. The KNN library is built strictly
from already-resolved past outcomes — no future data is read at any point.
🔸 Alerts
19 `alertcondition()` calls cover long/short entries, false breakouts (combined and
per-direction), confidence-threshold crosses, range completion, trend-context changes,
take-profit and stop touches (combined and per-level), reversals, session-end exits,
approaching-breakout warnings, retests, and sweeps above/below the range. Recommended
alert setting: *Once Per Bar Close*.
----------------------------------------------------------------------------------------------------------------
🔷 INPUTS
🔸 Opening Range — Session anchor, custom session/timezone, range length (minutes).
🔸 Signal Engine — Minimum Rule Confidence threshold, TP method (R Ladder / OR Width
Projection / Dynamic EMA), R-ladder multiples, wide-range-OR filter.
🔸 KNN · ML Engine — Mode (Advisory / Gate / Off), K neighbours, history length,
minimum ML vote (Gate only), outcome window (minutes), Gate minimum library size.
🔸 Filters — Signal Blackout window (session-anchor timezone), max signals per
session, news filter.
🔸 Visual — Bull/bear colours, dashboard position and detail level, Zen mode (hides
text labels, keeps shapes/zones only).
----------------------------------------------------------------------------------------------------------------
🔷 REQUIREMENTS AND LIMITATIONS
Requires a symbol with volume data — the KNN engine cannot render on volume-less feeds
(some cash indices, spot FX). The KNN vote is a coarse regional tendency drawn from a
finite on-chart library, not a precise analogue match or a probability estimate; it is
advisory by default for that reason. Loading a different amount of chart history changes
the displayed vote in Advisory mode, and can change which candidates pass in Gate mode —
this is inherent to on-chart instance-based learning and is disclosed rather than hidden.
This is a decision-support toolkit: it does not place trades, and no element of the
dashboard, score, or trade-plan overlay is a claim about future performance. Always
apply independent risk management.
----------------------------------------------------------------------------------------------------------------
Built natively in Pine Script® v6. Seven-factor rule-based confluence scoring with an
on-chart, self-learning KNN engine using Lorentzian distance over resolved breakout
outcomes — no external libraries, no repainting, no lookahead.
Open source — Mozilla Public License 2.0. Indicator
Indicator
All-In-One Trader Toolkit# All-In-One Trader Toolkit (AIO Toolkit)
A comprehensive overlay indicator that combines the key tools intraday futures traders need into a single script. Designed for ES, NQ, and other futures instruments with all sessions anchored to New York (Eastern) time.
## Features
**Supply & Demand Zones**
Auto-detected zones scored 1–10 based on impulse strength vs. basing range. Zones auto-extend until price closes through them (or use a fixed bar width). Filter by minimum score to show only the strongest levels. Fully customizable colors.
**Previous Day High/Low (PDH/PDL)**
Automatically plots the prior trading day's high and low as dashed reference lines. Configurable number of days to keep on chart.
**Pre-Market High/Low (PMH/PML)**
Captures the high and low of the overnight/globex session. Default session is 6:00 PM – 9:30 AM ET (full globex), adjustable to any window (e.g. 4:00 AM – 9:30 AM for London open only).
**15-Minute Opening Range Breakout (ORB)**
Plots the 9:30–9:45 AM ET opening range high/low. Generates BUY/SELL signals on breakout retests. Includes three configurable take-profit levels with optional symbol-specific points for NQ and ES.
**Daily VWAP + ±1 Standard Deviation Bands**
Manually calculated VWAP with upper and lower bands, resetting each trading day.
**NY-Open Anchored VWAP + ±1 Standard Deviation Bands**
Session-only VWAP anchored to the 9:30 AM NY open. Plots only during the 9:30–4:00 PM session with no carryover lines between sessions.
**Initial Balance (IB) + Extensions**
Captures the first 60 minutes of the NY session (9:30–10:30 AM ET). Plots IB High/Low with 50% and 100% extensions in both directions.
**News / Event Markers**
Up to 3 configurable event markers with custom labels and timestamps. Draws vertical dashed lines at the specified times.
**Dual EMA**
Two independent EMAs with adjustable length, color, and line width. Defaults: 8 EMA and 200 EMA.
## Display
- All labels are pinned to the right edge of the chart for easy identification
- Global label size control (tiny / small / normal / large / huge) applies to all elements
- Every feature can be toggled on/off independently
- All colors are fully customizable through the settings panel
## Alerts
Built-in alert conditions for ORB breakouts (up/down) and retest buy/sell signals.
## Best Used On
Intraday futures charts (1-min, 2-min, 5-min) for instruments like NQ, ES, YM, RTY. Works on any symbol but session times are optimized for US equity futures. Indicator
Strategy
Zero Noise Opening RangePure structure. Zero noise.
The opening range, outlined. Nothing else.
What it does
Sessions: New York (09:30 ET), London (08:00 UK), Asia (09:00 Tokyo) — one, all three, or a custom open time and timezone. Each session is tracked independently.
Range length: the first 5m, 15m, 30m, or 1h of the open, or a custom length.
Extend Until: Break Confirmation (default) freezes the range when a candle of your confirmation timeframe (1m–30m) closes outside it. Closed candles only — wicks don't count, nothing repaints. Session End runs the range to the close regardless of breaks.
Every range ends at its market's close (NY 16:00 ET, London 16:30 UK, Tokyo 15:30 JST).
Broken ranges grey out (optional), so live levels stay obvious.
Works on any intraday chart up to 1h. Above the range length, the range is rebuilt from 1-minute data for exact alignment.
What it doesn't do
No signals, no alerts, no arrows. An opening range is context. The trade is yours.
Settings
Session: New York / London / Asia (Tokyo) / All 3 / Custom (default: All 3)
Opening range: 5m / 15m / 30m / 1h / custom minutes
Break confirmation candle: 1m to 30m (default 5m)
Midline, fill, grey-out, tags, days kept, watermark — all optional
Futures, stocks, and FX. A notice panel flags any invalid setting.
For informational and educational purposes only — not financial advice. Trading involves substantial risk of loss; past performance does not guarantee future results. Indicator
THE ULTIMATE INDICATOR @JustinPerezTradesINDEX CAPITAL GROUP & @JUSTINPEREZTRADES PRESENT
SMC + HTF PO3 + Opening Range Breakouts & Targets + Volume Candles
A powerful all-in-one overlay indicator that merges four tools into a single script:
Smart Money Concepts (SMC)
HTF PO3 (Higher Timeframe projected candles)
Opening Range Breakouts & Targets (ORB)
Volume Candles
Everything is organized into clear input groups so you can turn features on or off independently.
1. Smart Money Concepts (SMC)
Internal & Swing Structure → BOS (Break of Structure) and CHoCH (Change of Character)
Order Blocks → Internal and Swing order blocks
Equal Highs / Equal Lows → Liquidity levels
Fair Value Gaps (FVG)
Strong / Weak Highs & Lows
Premium / Discount / Equilibrium Zones
Multi-Timeframe Highs & Lows (Daily, Weekly, Monthly)
Optional SMC trend-based candle coloring
2. HTF PO3
Projects higher-timeframe candles to the right of the chart
Shows Open, High, Low, Close with dashed connector lines
Displays running volume Delta for the current HTF candle
Adjustable number of candles and right-side offset
3. Opening Range Breakouts & Targets (ORB)
Draws the Opening Range (default 30 min or custom session)
Marks OR High, OR Low, and midpoint
Breakout signals (▲ / ▼) with optional Daily Bias filter
Automatic measured targets based on % of Opening Range width
Adaptive or Extended target display
Optional session-based Moving Average (resets at OR start)
4. Volume Candles (New)
Colors candles based on volume strength:
High Volume → Bright green/red
Normal Volume → Standard green/red
Low Volume → Muted gray
Optional small volume labels (e.g. 1.4M, 820K) on high-volume bars
Fully adjustable multipliers and colors
Can be used alone or together with SMC trend coloring
How to Use
Paste the full script into the Pine Editor and click Add to Chart.
Open the indicator settings — features are clearly grouped:
SMC - ...
HTF PO3 - ...
ORB - ...
Volume Candles
Enable only the tools you need to keep the chart clean.
Recommended starting setup:
SMC → Internal + Swing Structure + Internal Order Blocks + Equal Highs/Lows
HTF PO3 → 60-minute (or your preferred HTF), 1–2 candles
ORB → 30-minute range, Breakout Signals on, Targets on (50%)
Volume Candles → Enabled with labels on
Practical Workflow
Mark the Opening Range.
Wait for a breakout signal.
Confirm direction with SMC structure (BOS/CHoCH) and Order Blocks.
Check volume strength on the breakout candle.
Glance at the HTF PO3 projection for higher-timeframe context.
Use Premium/Discount zones for better entry location.
Alerts Included
All original SMC alerts are available:
Internal / Swing BOS & CHoCH
Order Block breakouts
Equal Highs / Lows
Fair Value Gaps Indicator
The Ultimate Indicator by @JustinPerezTrades**Combined LuxAlgo Indicator**
**SMC + HTF PO3 + Opening Range Breakouts & Targets**
This is a single, all-in-one PulseWire indicator that merges three popular LuxAlgo tools:
1. **Smart Money Concepts (SMC)** – Market structure, order blocks, fair value gaps, equal highs/lows, premium/discount zones, etc.
2. **HTF PO3** – Higher-timeframe candle projections with open/high/low/close mapping and volume delta.
3. **Opening Range Breakouts & Targets (ORB)** – Opening range, breakout signals, measured targets, and session moving average.
Everything runs on one chart with organized input groups so you can turn features on/off independently.
---
### What Each Section Does
#### 1. Smart Money Concepts (SMC)
- **Internal & Swing Structure** → Shows BOS (Break of Structure) and CHoCH (Change of Character).
- **Order Blocks** → Internal and Swing order blocks (bullish/bearish).
- **Equal Highs / Equal Lows** → Liquidity levels.
- **Fair Value Gaps (FVG)** → Imbalance zones.
- **Strong/Weak Highs & Lows** → Current swing extremes labeled.
- **Premium / Discount / Equilibrium Zones** – Based on the current swing range.
- **Multi-Timeframe Highs & Lows** (Daily / Weekly / Monthly).
- Optional candle coloring based on internal trend bias.
#### 2. HTF PO3
- Projects higher-timeframe candles to the right of the chart.
- Shows Open, High, Low, Close levels with dashed connectors from the live chart.
- Displays running volume **Delta** for the current HTF candle.
- Useful for seeing where the higher timeframe is currently building its candle.
#### 3. Opening Range Breakouts & Targets (ORB)
- Draws the Opening Range (default 30-minute, or custom session).
- Marks OR High, OR Low, and midpoint.
- Breakout signals (▲ / ▼) with optional Daily Bias filter.
- Automatic measured targets based on a percentage of the Opening Range width.
- Adaptive or Extended target display.
- Optional session-based Moving Average that resets every day at the Opening Range start.
---
### How to Use the Indicator
#### Step 1 – Add to Chart
1. Open PulseWire Pine Editor.
2. Paste the full combined script (make sure it starts with `//@version=6` and has **no** markdown backticks or notes at the top/bottom).
3. Click **Save** → **Add to chart**.
#### Step 2 – Organize the Inputs
The settings are clearly grouped:
| Group Name | What it controls |
|-------------------------------------|--------------------------------------|
| **SMC - Smart Money Concepts** | Overall SMC mode & style |
| **SMC - Real Time Internal Structure** | Internal BOS/CHoCH |
| **SMC - Real Time Swing Structure** | Swing BOS/CHoCH + swing points |
| **SMC - Order Blocks** | Internal & Swing OBs |
| **SMC - EQH/EQL** | Equal Highs / Lows |
| **SMC - Fair Value Gaps** | FVG settings |
| **SMC - Highs & Lows MTF** | Daily/Weekly/Monthly levels |
| **SMC - Premium & Discount Zones** | Premium / Equilibrium / Discount |
| **HTF PO3 - Higher Timeframe Settings** | HTF timeframe, candles shown, offset |
| **HTF PO3 - Visual Style** | Colors, labels, delta |
| **ORB - Historical Display** | Keep or clear previous sessions |
| **ORB - Opening Range** | OR timeframe |
| **ORB - Custom Range** | Custom session times |
| **ORB - Breakout Signals** | Signal style & bias filter |
| **ORB - Targets** | Target % and display mode |
| **ORB - Session Moving Average** | Optional MA |
| **ORB - Style** | Colors and line styles |
#### Step 3 – Recommended Starting Setup
**For most traders:**
- **SMC**
- Mode: `Historical`
- Show Internal Structure: On
- Show Swing Structure: On
- Internal Order Blocks: On (size 5)
- Equal High/Low: On
- Fair Value Gaps: Off (or On if you use them)
- Premium/Discount Zones: On
- **HTF PO3**
- HTF Timeframe: `60` (or `240` / `D` depending on your style)
- Candles to Show: `1` or `2`
- Show Price Labels: On
- Show Running Delta: On
- **ORB**
- Time Period: `30` (or match your market’s opening range)
- Show Breakout Signals: On
- Signal Bias: `No Bias` (or `Daily Bias` if you want stricter signals)
- Show Targets: On
- Target % of Range: `50`
- Target Display: `Adaptive`
#### Step 4 – Practical Workflow
1. **Mark the Opening Range** first (ORB section).
2. Wait for a breakout of OR High or OR Low → look for the signal.
3. Use **SMC structure** to confirm the direction (BOS / CHoCH).
4. Check if price is interacting with an **Order Block** or **Fair Value Gap**.
5. Glance at the **HTF PO3** projection to see where the higher timeframe candle is currently trading relative to its open.
6. Use Premium / Discount zones to decide whether you are buying in discount or selling in premium.
---
### Tips & Best Practices
- Start with fewer features turned on. Too many lines/boxes can clutter the chart.
- Use the **Present** mode in SMC if you only want the most recent structure (cleaner look).
- The HTF PO3 candles are drawn to the **right** of the current bar — they are projections, not historical candles.
- ORB targets are measured moves based on the Opening Range width. Adjust the % to match the instrument’s typical volatility.
- The session MA only works properly on intraday timeframes (it resets at the start of the Opening Range).
---
### Alerts Available
All original SMC alerts are included:
- Internal / Swing BOS & CHoCH (bullish & bearish)
- Order Block breakouts
- Equal Highs / Lows
- Fair Value Gaps
You can set alerts on any of these from the PulseWire alert menu. Indicator
Strategy
Time Based ORBTime Based ORB — Multi-Anchor Opening Ranges with Session Context
WHAT IT DOES
Plots up to three independent, time-anchored opening ranges (defaults: 7:30,
8:50, and 9:30 ET) as boxes with high/low/midpoint lines extended to 16:00 ET,
alongside a session-anchored VWAP and the prior day's key reference levels:
Midnight Open (MNO), Previous Day High (PDH), Previous Day Low (PDL), and
Previous Day Midpoint (PDMid).
WHY THESE COMPONENTS ARE COMBINED
This is not a collection of unrelated tools — it implements one workflow:
trading opening-range breakouts *in context*. An ORB breakout signal alone
has a weak edge; its quality depends on where the range sits relative to
the prior day's structure and whether price is trading with or against
session value:
- The three time anchors map how the range develops: the 7:30 range captures
pre-market structure, the 8:50 range captures positioning just before the
cash open, and the 9:30 range is the classic opening range. Nesting or
expansion between them shows whether the open is compressing or trending.
- PDH/PDL/PDMid define the levels a breakout must clear to have room to run.
A 9:30 breakout directly into PDH is a very different trade than one
breaking out above it.
- Session VWAP acts as the with-value / against-value filter: breakouts
taken on the VWAP side of price have participation behind them; breakouts
against VWAP are treated as fade candidates.
The components share one anchoring engine and one alert framework, which is
why they live in a single script rather than three indicators stacked on
a chart.
HOW IT WORKS
Ranges are captured from the high/low of the bar at each configured ET time,
then drawn as boxes with extended H/L and midpoint lines. Breakout icons
print once per range per day on the first confirmed close outside the range.
Prior-day levels are requested from confirmed daily data (no repainting).
VWAP is session-anchored, matching PulseWire's built-in, with optional
standard-deviation bands. All times use America/New_York regardless of
chart timezone.
HOW TO USE
Intraday timeframes (1–15 min). Set your anchor times in Settings or use
the defaults. Alerts are available for every range breakout, VWAP cross,
and PDH/PDL break. Indicator
ORB Opening Range I EonMetrics ORB - Opening Range
ORB marks the opening range — the high and low of the first minutes of a session — and tracks what price does with it for the rest of the day: breakouts by closing price, failed breakouts that snap back inside, and extension levels projected from the range height. The last few days stay on the chart so you can judge at a glance how your instrument actually behaves around its open.
🔶 HOW IT WORKS
From the session open (New York 09:30 by default) the script records the high and low of the first X minutes — 5 to 60, you choose. When the window closes, the range is frozen: a box marks the window, and the high/low lines extend forward until the next session begins. The first candle that CLOSES outside the range tags the breakout; a close back inside within your chosen number of bars tags it as FAILED and re-arms the day.
🔶 WHY THE OPENING RANGE MATTERS
The first minutes of a session concentrate the reactions to everything that accumulated while the market was closed or quiet: overnight news, opening auctions, the first institutional orders of the day. The range those minutes carve out is the day's first agreed-upon value area. That is the reasoning behind the concept, and it is why the tool also tags a move that closes back inside the range rather than only tagging the escape — the two outcomes describe different sessions.
Worth stating plainly: this is the rationale for the concept, not evidence that it works. Whether your instrument respects its opening range is an empirical question about that instrument, and the History setting exists so you can answer it with your own eyes before relying on anything here.
🔶 WHAT IT DOES
Opening range — box over the window (5/15/30/45/60 min), frozen high/low lines extended through the session. Session presets: New York 09:30, London 08:00, Tokyo 09:00, or a fully custom open time with its own timezone (DST handled by the timezone database, not by fixed offsets).
Extension levels — optional lines at ±0.5×, ±1×, ±1.5× and ±2× the range height, projected above the high and below the low. These are reference levels for reading how far a move has traveled relative to the range — the script does not call them targets, because they are not.
Breakout status — evaluated on closing prices only, never on wicks. First close above the high tags ORB ▲, first close below the low tags ORB ▼. A close back inside the range within K bars tags FAIL and re-arms the day, so a later genuine breakout can still be tagged.
History — the last D days of ranges stay on the chart (configurable). Scrolling back through a week of your own instrument is the fastest way to see whether its opening range is worth watching at all.
🔶 ALERTS
Four alert conditions: opening range set, breakout above, breakout below, failed breakout.
🔶 HOW TO USE
1. Pick the session that matches your market — NY 09:30 for US indices and metals, London 08:00 for European hours, or a custom time.
2. Pick the window length. 15 and 30 minutes are the classic choices; shorter = earlier levels, noisier range.
3. Watch the first close outside the range — and read a quick close back inside (the FAIL tag) as a description of that session, not as noise to ignore.
4. Set the four alerts and stop watching the open candle by candle.
🔶 SETTINGS
Session (preset / custom time + timezone, range length) · Levels & Breakout (extension multiples, failed-breakout window, days of history) · Style (colors, box fill).
🔶 HONEST LIMITATIONS
The opening-range concept assumes a session with a real open — indices, metals, forex sessions. On 24/7 crypto a "session open" is a convention: the tool works there mechanically, but the premise behind it is weaker, and you should know that before trading around it. The chart timeframe must be at or below the window length (a 30-minute range cannot be built from hourly bars — the indicator stays empty rather than guessing). This tool draws levels and states facts about closes; it does not generate signals or targets.
Part of the EonMetrics toolset.
Indicator
Opening Range Formation Trace - ORB & Initial BalanceOpening Range Formation Trace is an intraday research indicator that records a configurable opening range, preserves the chronology of its formation, and tracks neutral post-range evidence after the range is complete.
It is intended for users who want to study more than the final opening-range high and low. The script focuses on how the range was built, when its extremes formed, how efficiently price traveled during the opening window, and what occurred after the range locked.
The default opening-range duration is 15 minutes. Setting Range duration to 60 minutes provides an Initial Balance-style workflow.
Session configuration
The script includes reference presets for:
- US equities open
- Tokyo cash open
- London cash open
- CME equity regular trading hours
- Exchange-time opening
- Custom IANA timezone and opening time
The opening time, duration, active weekdays, projection period, and sampling resolution are configurable.
Session presets are editable reference anchors. They are not an exchange holiday or early-close calendar. Users should confirm that the selected opening time and chart session match the instrument being studied.
What makes this implementation distinct
Cumulative formation trace
A conventional opening-range display normally shows only the completed high and low. This script also preserves cumulative high-low envelopes at configurable elapsed-time checkpoints during the opening window.
Each trace slice shows the range that had been reached by that point in time. The slices are cumulative and are not treated as independent mini-ranges.
The trace colors distinguish whether a checkpoint added:
- Upper-side expansion
- Lower-side expansion
- Expansion on both sides
- No new final extreme
This makes it possible to inspect whether the opening range developed through an early directional move, alternating expansion, late acceleration, or rotation.
Independent research checkpoints
The visual trace can use between two and eight time slices. Formation classification does not depend on the selected number of visual slices.
Classification uses separate fixed research checkpoints:
- The halfway point of the opening-range duration
- A user-configurable early checkpoint
This separation allows users to change visual detail without unintentionally changing the definition of the formation classification.
Opening-range measurements
The script calculates the following transparent measurements:
Opening-range width
The completed high-low distance. It is available in native price units and as a percentage of the sampled opening price.
Width percentile
The current width is compared with prior complete opening ranges calculated from the same current configuration.
At least five prior complete observations are required before a percentile is displayed. Equal values receive a midpoint rank. The current observation is ranked before it is added to the comparison history.
The percentile is a relative description of recent opening-range width. It is not a probability of a breakout, target, or profitable result.
Sampled path efficiency
Path efficiency compares the absolute distance from the opening sample to the final sampled close with the cumulative sampled closing-price path traveled during the opening window.
A higher value indicates a more direct sampled path. A lower value indicates more back-and-forth movement.
Path efficiency is descriptive. It is not a confidence score or prediction.
Close location
Close location expresses where the final sampled close sits inside the completed range.
A value near zero is close to the range low. A value near one is close to the range high.
Expansion skew
Expansion skew compares the distance expanded above the opening price with the distance expanded below it.
Positive values indicate more upper-side expansion. Negative values indicate more lower-side expansion. Values near zero indicate more balanced expansion.
Late expansion share
Late expansion share measures how much of the final opening-range width was added after the halfway checkpoint.
This value describes when the range expanded. It does not forecast the next move.
Early checkpoint width share
This measures how much of the final width had already formed at the independent early checkpoint.
Final extreme order
The script records whether the final high or final low was first established earlier in the sampled sequence. When both final extremes are first observed in the same sampled interval, the order is reported as simultaneous rather than inventing a more precise sequence.
Formation classifications
Completed and non-partial opening ranges are assigned to one of eight descriptive formation states:
- Upper-led drive
- Lower-led drive
- Late upper expansion
- Late lower expansion
- Late two-sided expansion
- Rotational formation
- Two-sided formation
- Mixed formation
The classifications are derived from path efficiency, close location, expansion skew, late expansion share, and early checkpoint width share.
All classification thresholds are exposed as user inputs. The classifications are descriptive research labels and are not buy or sell signals.
Research equilibrium
The script can display one of four opening-range equilibrium references:
- Volume-weighted sampled HLC3
- Arithmetic mean of sampled HLC3
- Opening-range midpoint
- Sampled opening price
When usable volume is unavailable, the volume-weighted method falls back to the arithmetic mean of sampled HLC3.
Post-range evidence
After a complete opening range locks, the script can track a neutral sequence of observable events.
Accepted departure
The first accepted departure can occur above or below the completed range.
Users can define acceptance using:
- Sample close
- Sample wick
- A buffer measured as a fraction of the completed range
- A required number of consecutive samples
The word accepted refers only to this configurable operational definition. It does not claim institutional participation or predict continuation.
Re-entry
After the first accepted departure, the script records whether price returns through the departed range boundary.
Opposite-edge traverse
After re-entry, the script records whether a later sample reaches the opposite opening-range edge.
Re-entry and opposite-edge traversal are not credited from the same sampled interval. The opposite edge is evaluated only from a later sample so the script does not invent an intrabar order that the available data cannot prove.
Additional post-range observations include:
- Upper-edge test count
- Lower-edge test count
- Closing-sample dwell inside, above, and below the range
- Maximum upper reach measured in completed-range units
- Maximum lower reach measured in completed-range units
Visual research panel
The fixed research panel summarizes the rightmost relevant opening range in the current chart view.
It can display:
- Formation classification
- Width percentile
- Path efficiency
- Late expansion share
- Current post-range state
- Accepted-departure, re-entry, and traverse progression
- Upper and lower edge-test counts
- Maximum reach above and below the range
- Sampling or fallback resolution
The panel is a research summary. Its colors and state labels do not constitute trade instructions.
Realtime and historical behavior
The script is designed for standard intraday candlestick charts.
It intentionally disables processing on synthetic chart types and daily-or-higher charts because their price construction or session assumptions can make opening-range chronology ambiguous.
Lower-timeframe sampling can be selected from 1, 3, 5, or 15 minutes. When the selected sampling timeframe is higher than the chart timeframe, the chart timeframe is used instead.
During a live opening window, the developing high, low, trace, equilibrium, and panel can update as new completed samples become available. Developing values should therefore be treated as provisional until the configured range has ended.
The script does not request future data and does not use lookahead.
Historical lower-timeframe bars contain finalized OHLC values. They do not reproduce every update that occurred while those bars were live.
Visible chart adaptive mode
In Visible chart adaptive mode, the script uses the current chart viewport to prioritize opening-range sessions that intersect the displayed period. Scrolling or zooming causes the visual layer to be recalculated for the newly visible history.
Most recent sessions mode is also available for users who prefer a rolling, live-first display.
Confirmed chart-bar fallback
The amount of available lower-timeframe history depends on the symbol, chart history, and PulseWire plan.
When lower-timeframe arrays are unavailable on older confirmed bars, the optional fallback can continue the study with confirmed chart-timeframe bars if the chart timeframe can fit inside the configured opening-range duration.
Fallback sessions are identified as coarse-resolution observations in the research panel. They should not be interpreted as having the same chronological precision as lower-timeframe sessions.
If the first available sample begins after the configured session open, the session is marked as partial. Formation classification, width-history inclusion, and post-range evidence are intentionally disabled for that incomplete session.
Alerts and Data Window outputs
Neutral alert conditions are available for:
- Opening range locked
- Accepted departure above
- Accepted departure below
- Range re-entry
- Opposite-edge traverse
The alert conditions describe observable events and are exposed on confirmed chart bars.
Research measurements are also available in the Data Window without adding values to the chart status line.
Suggested workflow
1. Use a standard intraday candlestick chart.
2. Select the session preset or custom timezone and opening time that match the intended research window.
3. Set the opening-range duration. Use 60 minutes for an Initial Balance-style study.
4. Select the finest practical sampling resolution available for the chart and instrument.
5. Review the formation trace before interpreting the completed classification.
6. Use the panel to compare width, path efficiency, late expansion, and the post-range event sequence.
7. Treat all readings as market-context observations and combine them with independent analysis and risk controls.
Limitations
The script does not maintain an official exchange calendar and does not automatically adjust for holidays or early closes.
Results depend on the selected session, duration, sampling timeframe, chart session, and classification thresholds.
Historical lower-timeframe availability varies by symbol and PulseWire plan.
Coarse chart-bar fallback has lower chronological resolution than lower-timeframe sampling.
Volume-weighted equilibrium depends on the quality and meaning of the volume data supplied for the instrument.
Width percentile describes the script's available comparison sample and is not a probability of future behavior.
Formation classifications and post-range evidence describe observed price behavior. They do not guarantee continuation, reversal, support, resistance, or profitability.
The script does not place orders, calculate position size, generate targets or stops, produce a strategy backtest, or provide financial advice.
日本語説明
Opening Range Formation Traceは、設定した寄り付きレンジを記録し、そのレンジがどのような順序と速度で形成されたか、完成後に価格がどのように推移したかを研究するための日中足インジケーターです。
完成した高値と安値だけでなく、形成途中の累積高安、最終極値の記録順序、経路効率、上下拡張の偏り、後半拡張比率などを表示します。
既定の形成時間は15分です。形成時間を60分に設定すると、Initial Balance型の研究に使用できます。
セッション設定
以下の基準時刻プリセットを備えています。
- 米国株式市場
- 東京現物市場
- ロンドン現物市場
- CME株価指数RTH
- 取引所時間
- IANA時間帯と開始時刻を指定するカスタム設定
これらは編集可能な基準時刻です。取引所の祝日や短縮取引日を自動判定する公式カレンダーではありません。
累積形成トレース
形成時間を2から8個の経過時間区間に分け、各時点までに到達していた累積高値と累積安値を保存します。
各区間は独立した小レンジではありません。
色によって、上側拡張、下側拡張、両側拡張、新しい最終極値なしを区別します。
形成分類で使用する50%地点と初動チェックポイントは、表示トレースの分割数から独立しています。そのため、表示の細かさを変更しても分類定義が意図せず変化しません。
主な研究値
レンジ幅
完成した高値と安値の差です。価格単位と始値比率で確認できます。
幅パーセンタイル
現在の設定で計算された過去の完全なレンジ幅と比較します。
表示には最低5件の過去観測が必要です。同値は中間順位として扱い、現在値を履歴へ追加する前に順位を計算します。
この順位は過去レンジ幅に対する相対位置であり、ブレイクや利益の確率ではありません。
経路効率
寄り付きサンプルからレンジ内最終終値までの純移動距離を、形成中に終値が移動した累積経路で割った値です。
高い値は比較的直接的な経路、低い値は往復の多い経路を示します。予測の信頼度ではありません。
終値位置
完成レンジ内での最終終値位置を0から1で表します。
拡張偏り
始値より上へ拡張した距離と、始値より下へ拡張した距離を比較します。
後半拡張比率
形成時間の50%地点以降に追加された最終レンジ幅の比率です。
初動幅比率
ユーザー指定の初動チェックポイント時点で、最終レンジ幅の何割が既に形成されていたかを示します。
形成分類
完全なレンジを以下の8状態へ分類します。
- 上側主導ドライブ
- 下側主導ドライブ
- 後半上側拡張
- 後半下側拡張
- 後半両側拡張
- 回転型形成
- 両側形成
- 混合形成
分類は経路効率、終値位置、拡張偏り、後半拡張比率、初動幅比率から判定します。
すべての基準値をユーザーが変更できます。分類は研究用の記述であり、売買シグナルではありません。
レンジ後の検証
レンジ完成後は、以下の順序を中立的に記録します。
受容離脱
完成レンジの上側または下側への最初の受容離脱です。
終値またはヒゲ、レンジ幅に対する余白、必要な連続サンプル数を設定できます。
受容という言葉は、この設定による操作的な判定だけを意味します。機関投資家の参加や継続を保証するものではありません。
再侵入
最初の受容離脱後に、価格が離脱したレンジ境界を通って戻ったかを記録します。
反対端到達
再侵入後の、より後のサンプルで反対側のレンジ端へ到達したかを記録します。
再侵入と反対端到達を同一サンプルから同時に認定せず、利用可能なデータから証明できない時系列を作らない設計です。
上端と下端のテスト回数、レンジ内外の終値滞在比率、レンジ幅を1Rとした上下最大到達量も記録します。
リアルタイムと過去表示
標準の日中足ローソク足チャートを対象としています。
合成足および日足以上では、セッション時系列が曖昧になるため処理を停止します。
サンプリング足は1分、3分、5分、15分から選択できます。
リアルタイムのレンジ形成中は、新しい確定サンプルに応じて高値、安値、トレース、均衡値、研究パネルが更新されます。形成終了までは発展中の値として扱ってください。
将来データやlookaheadは使用しません。
表示中チャート適応モードでは、スクロールまたはズームした期間と交差する過去セッションを優先して再描画します。
古い履歴で下位足を取得できない場合、条件を満たす確定チャート足を使うフォールバックを選択できます。フォールバックを使用したセッションは、研究パネルで粗い解像度として明示します。
開始前半のデータがないセッションは不完全レンジとして表示し、形成分類、幅履歴への追加、レンジ後検証を停止します。
制限事項
取引所の祝日や短縮取引日を自動判定しません。
結果はセッション、形成時間、サンプリング足、チャートセッション、分類しきい値によって変わります。
利用できる下位足履歴は、銘柄、履歴量、PulseWireプランによって異なります。
チャート足フォールバックは、下位足処理よりも時系列解像度が低くなります。
出来高加重均衡値は、銘柄から提供される出来高データの品質に依存します。
幅パーセンタイルは利用可能な過去標本内の順位であり、将来の確率ではありません。
形成分類とレンジ後イベントは観測された値動きを記述するものであり、継続、反転、支持、抵抗、利益を保証しません。
このインジケーターは注文、ポジションサイズ、利益目標、損切り、ストラテジーバックテストを提供せず、金融助言を行うものではありません。 Indicator
Session Kill Zone Volume Map [StrixEDGE]Session Kill Zone Volume Map
A session-aware overlay that maps institutional kill zones — London, New York, and Asia — directly onto your chart with volume-weighted session boxes, Opening Range Breakout levels, and a unified analytics dashboard. Built to give intraday traders immediate visual context on where volume clusters, how sessions develop relative to their historical norms, and when a confirmed breakout is underway.
🔍 What This Indicator Does
The indicator automatically detects the three major forex/futures sessions based on UTC time and draws color-coded session boxes whose fill intensity scales dynamically with real-time volume. High-volume sessions appear visually heavier; low-volume sessions fade into the background. This gives you an instant read on whether today's session is running hotter or cooler than average — without checking a single number.
On top of each session, it tracks the Opening Range (first 15, 30, or 60 minutes) and plots ORB-High and ORB-Low levels as dashed reference lines extending through the session. When price breaks an ORB level with volume confirmation, a directional marker (▲ or ▼) prints on the chart and an alert fires.
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A single unified dashboard panel consolidates everything: live session volume, percentage distribution with a visual bar, historical average range, ORB win rate, and session sample count — all in one clean table.
⚡ Key Features
Session Auto-Detection
London (08:00–17:00 UTC)
New York (13:00–22:00 UTC)
Asia (00:00–09:00 UTC)
are detected automatically. All session start and end times are fully customizable down to the minute, so you can adjust for DST shifts or align to your broker's server time.
Volume-Weighted Session Boxes
Each session box fills with the session's assigned color at a transparency that adjusts in real time based on cumulative volume relative to the historical session average. A session running at 2× its normal volume will render noticeably more vivid than one at 0.5×. The base transparency is user-controlled.
Opening Range Breakout (ORB) Levels
The indicator captures the high and low of the first N minutes of each session (configurable: 15 / 30 / 60 min) and draws them as horizontal reference lines. These extend through the rest of the session, serving as the breakout thresholds traders watch for directional continuation.
Volume-Confirmed Breakout Signals
When price closes beyond an ORB level and the breakout bar's volume exceeds the 20-period SMA × a user-defined multiplier (default 1.5×), a directional triangle prints on the chart. No volume confirmation = no signal. This filters out low-conviction breaks.
Unified Session Dashboard
A single professional table displays all session data at a glance:
- Live session volume (absolute + percentage share)
- Volume distribution bar per session
- Historical average session range over your chosen lookback
- ORB win rate (percentage of confirmed breakouts that held direction through session close)
- Session sample count
Table position, text size, and visibility are all input-controlled.
Session High/Low Break Alerts
Separate alert conditions fire when price crosses the previous session's high or low with volume confirmation, giving you an additional layer of inter-session breakout detection.
9 Alert Conditions
Individual bull/bear ORB break alerts per session, a unified "any ORB break" alert, and session high/low break alerts — all configurable in PulseWire's alert manager.
⚙️ Inputs & Settings
| Group | Setting | Description |
|---|---|---|
| Session Times | Start/End Hour & Minute | Full control over each session's UTC boundaries |
| ORB Settings | Period (15/30/60 min) | Opening range duration |
| ORB Settings | Line Style / Width | Visual style of ORB levels |
| Display | Show/Hide Sessions | Toggle individual session boxes |
| Display | Base Box Transparency | Controls how transparent session boxes are at normal volume |
| Display | Dashboard Position | Table corner placement |
| Display | Dashboard Text Size | Tiny / Small / Normal / Large |
| Display | Stats Lookback | Number of past sessions for avg range and ORB win rate |
| Alerts | Volume Confirm Multiplier | How far above SMA(20) breakout volume must be |
| Colors | Session & Breakout Colors | Full color customization per session and direction |
📖 How To Use
Session Context
Load on a 5m–1H chart. The session boxes immediately frame where London, New York, and Asia operated. The fill intensity tells you which session carried the most conviction — use that to weight your analysis toward the active kill zone.
ORB Strategy
After the opening range completes, the ORB-H and ORB-L lines become your breakout thresholds. A volume-confirmed break (▲/▼ marker) signals directional intent. Traders often look for price to retest the broken ORB level as support/resistance before committing to a continuation trade.
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Dashboard Read
Check the Vol % column to see which session is dominating flow. The ORB WR column tells you how reliable ORB breakouts have been historically for each session on the current instrument — if London shows 85% and Asia shows 50%, that's actionable edge for session selection.
Alerts
Set up any of the 9 alert conditions to get notified without watching the chart. Combine the unified "Any ORB Break" alert with a mobile notification for hands-free monitoring.
📋 Notes
- Designed for intraday timeframes (15m and below recommended for ORB accuracy). A warning displays if loaded on Daily or higher.
- During the London/NY overlap window (13:00–17:00 UTC by default), volume is attributed to both sessions. The percentage distribution shows relative contribution, not mutually exclusive slices.
- ORB win rate is a binary metric: did price close beyond the broken ORB level at session end? It does not measure how far price traveled.
- The volume gradient uses transparency modulation, not a multi-stop color gradient, due to Pine Script rendering constraints.
- Works on any instrument with volume data (forex via tick volume, futures, crypto, equities). Indicator
Strong NQ ORB Breakouts | ProjectSyndicateSTRONG NQ ORB Breakouts catches the moment the Nasdaq session resolves its opening range — and instead of treating every push past a line as a trade, it waits for a genuine close beyond the range, tags the direction, and ranks the breakout 0–10 with a star score. The first block of the session builds a range; price then has to actually close outside it, in agreement with momentum and — if you want it — the higher-timeframe trend, before a signal arms. Every setup gets a structural stop, fixed R-based targets with a ⅓/⅓/⅓ scale-out and break-even after the first bank, and is tracked live on a full statistics dashboard — including end-of-session time-stops — so you can see exactly how the logic behaves on the instrument and timeframe you trade.
🧠 Opening-Range Core — the core idea. At the start of the session the engine records the high and low of a configurable opening window, 60 minutes by default. That band is the opening range: the session's first agreed value area. A signal fires on the release — the bar that closes beyond the range high for a long or the range low for a short inside the trade window — and the direction is set by that break. In Auto mode the range anchors to the instrument's own daily session open (the first bar of the day), so it locks to the real NAS100 / NQ open regardless of your feed's server clock; a Custom session-plus-timezone mode is there if you'd rather define the window by hand. Signals are evaluated on the bar's close and are fixed once that bar closes — the range and the break do not repaint.
📈 Range Mapping & ADR Context — while the opening window is live, the engine continuously tracks the developing high, low, and width of the range, then freezes it the moment the window ends. The finished range is measured in points and expressed as a percentage of the instrument's Average Daily Range, a non-repainting daily read, so you instantly see whether the session is coiling tightly or has already burned its move. A clean, proportionate range is a loaded session; an over-wide one is a day that has already spent itself.
🎯 Structural Stop + R-Based Scale-Out — risk (R) is measured from an ATR distance by default — the strongest basis on NAS100 M5 — or against the opposite range edge or the range midline if you prefer, then floored and capped by ATR so it can never collapse into a meaningless stop or balloon into a wide one. TP1, TP2, and TP3 are set at clean R multiples and default to a balanced 1R / 2R / 3R, fully adjustable. The trade model is an honest ⅓ scale-out: one third banks at each target, and after TP1 the remaining two thirds ride with the stop moved to break-even. Every signal plots its complete Entry / SL / TP1 / TP2 / TP3 line set, labeled levels, and filled TP / SL zone boxes, with an R-tagged result label on exit.
🎚️ Conviction Controls — a small set of dials sets how serious a breakout must be before it counts: the 0–10 Minimum Strength gate, an optional Range-vs-ADR window that skips days whose range is too tight or too wide, a Close-vs-Wick breakout trigger, and Max One Trade Per Day. By design the day-skipping filters are off by default — no days are hidden — so you first see the raw, unfiltered behavior. Tighten them for fewer, higher-quality fires; loosen them for more activity. This is your main dial for conviction versus frequency.
🧭 HTF Trend Alignment + Session Gating — an optional higher-timeframe EMA filter blocks counter-trend fires, keeping you on the dominant side: longs only above it, shorts only below. The higher-timeframe value is read without lookahead. Entries are confined to the trade window after the range forms, and the per-day cap spaces out tickets so one volatile session can't stack trades. Anything still open at the session close is flattened by an end-of-session time-stop — and that exit is booked and counted honestly, never quietly dropped.
🧲 Liquidity Magnet — the engine maps resting liquidity by tracking confirmed swing pivots above and below price and marking each as swept or unswept as price trades through it. When a breakout fires, it projects the nearest opposing unswept pool as a dotted magnet line — the pocket of liquidity the move is naturally drawn toward — and the dashboard reports the distance to the nearest pools up and down in ATR terms. It's context for where the breakout wants to go.
⭐ 0–10 Setup-Quality Score — every release is scored and labeled with 1–5 stars and a tier FORMING → WEAK → MODERATE → STRONG → VERY STRONG → ELITE across breakout-native factors: expansion-candle body strength, candle range vs ATR, momentum alignment over short and medium lookbacks, volume confirmation, clean penetration beyond the range edge, RSI agreement, higher-timeframe EMA alignment, and intraday bias of close versus the session open. A companion direction-probability read blends penetration, momentum, RSI, session bias, and HTF position into an up/down percentage. Treat the score as a confluence / cleanliness read for ranking setups — it describes how textbook a breakout is, not a guaranteed outcome. Note: on the test data, filtering to "strong only" actually *reduced* win rate, so the stars default to a context tool rather than a hard gate.
📊 Live Statistics Dashboard — a non-intrusive panel tracks, in real time on your chart: the current session state of waiting / forming OR / range set / armed / trade active, the live opening-range size and its ADR percentage, the magnet distance up and down, the active bias and trade, the live strength and direction-probability meters, total win rate and closed-trade count, profit factor, average R per trade, total R, best-performing direction, long vs short win rate, current and max win/loss streaks, and a TP1 / TP2 / TP3 / SL / EOD outcome breakdown. Every filled trade that reaches an outcome is counted — winners, stop-outs, break-even runners, and time-stops alike — so the numbers are computed live from the real signals on your current symbol and timeframe rather than a figure printed in a description.
🎨 Clean Themed Visuals — a Midnight institutional palette, with Emerald, Ice Blue, Gold Black, and Aqua Violet alternates, shades the opening-range box, the ORH / ORL / midline levels, the per-trade SL / TP ladder, the liquidity pools and magnet, and the dashboard to one coherent look, so quality and direction read at a glance. The range box is drawn over the window where it formed and projected forward with point-labeled edges; long and short trades are color-keyed; a faint tint marks the active opening window. A shelf-length and max-drawn-trades control keep the chart clean — the right-edge zones never stretch into oversized towers, tickets snap back to the exit bar on close so labels never float away, and only the most recent N tickets stay drawn while the statistics remain cumulative over the whole history.
🔔 Detailed Alerts — fires on long / short opening-range breakouts, plus TP3, protected partial-TP, and stop-loss events, formatted for manual or automated use.
🔧 Fully Customizable — every component is exposed: the range anchor (Auto session-open or Custom), the opening-range minutes, timezone, and trade window; the ATR length, stop basis of ATR / opposite edge / midline with risk cap and floor; the three R targets, break-even-after-TP1 toggle, Close-vs-Wick trigger, and one-trade-per-day cap; the ADR gate with min/max band, minimum strength, and HTF alignment filter and timeframe; the liquidity pivot length, pool display, and magnet toggle; the point definition for the dashboard; all five themes; and every label, dashboard, zone, and projection toggle.
🎯 Why this is different — most ORB tools just draw two lines at a fixed clock time and leave everything after that to you. This one anchors the range to the real Nasdaq open, sizes the break against the instrument's own ADR so a tight coil and a blown-out day aren't treated alike, can demand momentum, volume, penetration, and trend confirmation before it fires, anchors risk sensibly, then layers a genuine ⅓/⅓/⅓ scale-out with break-even, a liquidity magnet, an objective 0–10 ranking, and a live, honest statistics panel — one that counts stop-outs and end-of-session exits in full — so you are tuning and judging the system on real, current data instead of a marketing figure.
🚀 Where to use it — built and validated for NAS100 / NQ on the M5 timeframe, where the default OR 60m · ATR×1.0 stop · 1R/2R/3R model was developed. The ATR-based stop and ADR sizing adapt to volatility automatically, and the session windows can be re-pointed to a different open if you want to run the same engine elsewhere. It works on other index CFDs and futures, but the defaults are tuned for the Nasdaq open.
🎯 How to trade it
- Apply it to NAS100 / NQ on M5 and let the dashboard populate. Read the live win rate, profit factor, and average R for your symbol and timeframe before committing — if the logic doesn't suit your feed, you'll see it.
- Start with the day-skipping filters off to see raw behavior; add the HTF Trend Alignment and Range-vs-ADR gates when you want to trade only with the larger trend and skip dead or already-spent sessions.
- Wait for a NQ ORB LONG / NQ ORB SHORT label — it marks a confirmed close beyond the opening range, with the star score, direction probability, and Entry, SL, and TP1/2/3 already plotted.
- Manage the trade with the plotted levels: the structural SL defines your risk, one third banks at each R target with the stop moving to break-even after TP1, and any position still open at the trade-window close is flattened by the time-stop.
- Use Minimum Strength and Max One Trade Per Day to set your tempo, and read the liquidity magnet for a sense of where the move is being drawn.
⚠️ Important — this is a decision-support tool, not a standalone buy/sell system, and it makes no performance guarantees. Default settings were chosen on historical data and behavior will vary by instrument, timeframe, session, and configuration; the dashboard's statistics are historical and descriptive, not a forecast. The trade model includes a ⅓ scale-out, break-even after TP1, and an end-of-session time-stop, so some trades close at a fraction of a target rather than a full win or loss — these are counted in full, which is honest but means win rate alone is misleading; always weigh it together with average R and profit factor, and resize the R targets to your own risk profile. Signals confirm on the closed bar, so always wait for the labeled release on a closed candle. Always combine it with your own analysis and risk management, and test it on your market before trading it live. Indicator
Opening Range Breakout ORB - Signals, Targets & Alerts [LunqFX]The Opening Range Breakout (ORB) is one of the most traded intraday strategies — but most ORB indicators only draw the opening range box and leave you guessing. This Opening Range Breakout indicator goes further: it marks the opening range, detects the first genuine breakout, filters fakeouts, projects measured-move targets, and — uniquely — builds a live breakout statistics engine from the last 100 trading days of the symbol on your chart.
What makes this ORB indicator different
Instead of a static box, you get a data-driven read on how your market actually behaves after the opening range:
First-break direction split — how often the day breaks up vs down
Hold rate — how often the first breakout direction holds into the close
Fakeout rate — how often the first breakout fails back inside the range
Target hit rates — how often price reaches 1x and 2x the opening-range height
So before you take the trade you can see, for example, that on this symbol the upside breakout holds into the close 62% of the time and the 1R target is reached on 48% of breakout days.
How the opening range breakout is calculated
Auto mode works on every market with zero setup. The opening range starts at each day's open of the symbol's own exchange — stocks at the 09:30 session open, crypto at the 00:00 UTC daily open, forex and futures at their session open — and lasts a chosen number of minutes (the classic 5-minute, 15-minute or 30-minute ORB). A Custom mode lets you define any session window, such as the London or New York open.
When the opening-range window closes, the range high and low are locked and projected forward as levels.
The first candle close beyond the range (or wick, if you prefer) is treated as the breakout. Targets are projected at 1x and 2x the range height in the breakout direction.
A close back inside the range before the first target is reached is flagged as a fakeout. A breakout that reaches 1R first and only then returns is counted as a valid breakout, not a fakeout.
At the end of each trading day the outcome is recorded — direction, hold, fakeout, targets — and the dashboard percentages are plain rolling hit rates. No repainting, no curve fitting.
How to use it
Breakout day trading: trade the first breakout with more context — use the hold rate to judge whether the break on your symbol is worth taking, and size your target from the 1R / 2R hit rates.
Fakeout fade: when a symbol shows a high fakeout rate, the failed breakout back inside the range is often the better setup; the fakeout is marked in real time.
Range-quality filter: the dashboard shows the opening range as a multiple of ATR, so you can skip abnormally small ranges that tend to break out randomly.
Works on any symbol and any intraday timeframe (1m–15m recommended): index futures and CFDs (NAS100, SPX500, US30, NQ, ES), stocks and ETFs (SPY, QQQ), gold (XAUUSD), Bitcoin and crypto, and forex majors.
Dashboard
A clean on-chart panel shows today's live status (building range → inside range → breakout → target hit or fakeout), the opening-range high/low and its size in ATR, and the full statistics block with the sample size always visible.
Settings
Auto anchor (any market, zero setup) or fully custom session window with timezone control — 5 / 15 / 30-minute ORB or any session open
Close-based or wick-based breakout logic
Adjustable target multiples, rolling statistics window, and visuals
Alerts for range locked, breakout up, breakout down, fakeout, target 1 and target 2
Optional gradient momentum candles that can be switched off
No repainting
The opening range is fixed the moment its window closes. Breakouts, fakeouts and targets are confirmed on closed bars only, and the statistics are built exclusively from completed trading days — never recalculated backwards.
This indicator is an educational market-analysis tool, not financial advice. Historical statistics describe past behavior and are not a guarantee of future results. Always confirm with your own analysis and manage your risk.
Indicator
Futures Sessions with NY Opening Range, Levels, FVGs, & HolidaysThis is a session-anchored intraday framework for futures. Every element on the chart is derived from the same session definitions, so the tools stay consistent with each other: the sessions paint the ranges, the completed ranges leave behind levels, the level lifecycle is tied to the session clock, the NY Opening Range anchors the morning, fair value gaps give context inside the ranges, and holiday markers explain the days when sessions are missing or shortened.
Session Ranges
Each market session is defined using IANA names (America/New_York, Asia/Tokyo) – never fixed UTC offsets. The indicator renders identically no matter what timezone your chart is set to (Exchange, New York, etc). Daylight saving is handled automatically: New York flips between EST and EDT on its own, and Tokyo has no DST, so its position against the New York clock simply shifts with the US clock changes (Tokyo's 9:00 open lands at 20:00 New York in summer, 19:00 in winter).
Each session is a shaded fill: Asia in red, London in yellow, New York in blue as defaults.
NY Pre-Open: a dotted range tracks the morning trade from the ORB open at 8:00 America/New_York until the session fill starts at 9:30. It is derived from the ORB input, so moving the ORB moves it too.
Globex Open: the CME futures trading day opens at 18:00 America/New_York (17:00 Chicago), indicated by the pre-open dotted range before the session fill starts at Tokyo open when volume comes in.
New York Opening Range (ORB)
The ORB captures the range of the America/New_York 8:00–8:15 candle, shown as a box with a dashed midline in maroon. It is visible on all smaller timeframes and up to 1h. The ORB ends on the last candle of the New York session — the end time is derived from the NY session input, so the two can never drift apart.
If the ORB range is oversized (18 or more points, configurable), the box is flagged with a red "ORB INVALID" label and shows the range in points.
Sessions Levels (Untested Highs and Lows)
When a session completes, its final highs (black) and lows (teal) are drawn from the candle and extend to the right indefinitely until a level is tested on its first touch. You can configure whether a test means a wick touch (ICT/liquidity style, the default) or a candle close beyond the level (support/resistance style).
Tested levels stay on the chart until the session running at the time of the test ends, so you can use them as points of reference until then. During the London/NY overlap, New York counts as the running session. A level tested during a session gap survives the gap and is handed to the next session that opens. At the NY ORB open at 8:00, all tested levels are removed to prevent clutter.
Untested levels never expire. You can toggle the prices on the price scale on or off based on preference.
Fair Value Gaps
Classic three-candle imbalances in both directions: bullish when a candle's low is above the high from two candles back, bearish when a candle's high is below the low from two candles back. Gaps are shaded in green (by default, configurable) from the middle candle and extend to the right until price trades fully through it (bullish: a low at or below the gap bottom; bearish: a high at or above the gap top), then it is removed. Each gap can draw its Consequent Encroachment — a dashed line at the 50% of the gap, the level where a gap is commonly considered mitigated. Inputs: fill color, CE toggle and color, minimum gap size in points (useful on low timeframes), and a cap on how many gaps are kept.
Holiday Markers
US (NYSE) holidays: a dotted vertical line and a Statue of Liberty marker anchored to the ORB's first candle. Detection is fully rule-based — weekday-observance rules for every holiday, and Good Friday computed from the Easter algorithm (Butcher's computus), so nothing is hardcoded and no yearly maintenance is needed.
Note: NYSE does not observe New Year's on the prior Friday when January 1 falls on a Saturday, and holidays observed on a Friday/Monday (like July 4 on a weekend) are marked on the actual closure day.
Japanese holidays: a dotted vertical line and a shrine marker anchored to the Tokyo session's first candle. Covers the fixed-date holidays, the Happy Monday holidays, both equinox holidays (astronomical formulas, valid through 2150), Monday substitute holidays, the occasional Silver Week citizens' holiday, and the TSE year-end closures (Dec 31, Jan 2, Jan 3).
Markers sit at the bottom of the pane. Days when CME is fully closed have no bars, so there is nothing to mark — markers appear on holidays with shortened or normal trading.
Alert
One built-in alert condition: Tokyo Range Break — fires when price closes outside the completed Tokyo session range, active from the Tokyo close until 11:30 New York time.
How to Use
Built for intraday charts of 1h and below (it draws nothing on higher timeframes). The ORB needs a 15-minute chart or lower to line up with whole candles. Defaults are tuned for CME index futures (ES/MES); the session inputs work on any symbol with continuous futures-style hours. Old drawings persist until Pine's 500-object limits trim the oldest.
These tools are combined because each one feeds the next: the sessions define the ranges, the completed ranges produce the levels, the level lifecycle runs on the session clock and the ORB open, the pre-open dotted ranges share the same derived timings, and the holiday markers explain the days when the rest of the framework is dark. Changing one session input moves everything that depends on it, consistently. Indicator
ORB Engine | ANONYCRYPTOUSORB Engine | Anonycryptous
Description & user manual
Why this indicator is different
The opening range is one of the most studied concepts in intraday trading, and for good reason. The first fifteen minutes after a major session opens concentrates the most institutional activity of the day. Breakouts from that range, followed by a retest of the level, are among the most statistically consistent setups available on lower timeframes.
The problem is execution. Most opening range tools stop at the box. They draw a high and low, and leave the trader to figure out the rest: when to trade, how to confirm direction, where the liquidity sits, how to time the entry. That gap between the concept and a usable trade is where most ORB approaches fall apart in practice.
The ORB Engine closes that gap. It does not just draw a box. It tracks the full sequence from formation through confirmation through entry, enforces a discipline around when trades are allowed, maps the session liquidity levels that the price is most likely to target or react from, and scores each setup against five confluence criteria before a signal fires. The result is a complete framework for opening range trading that works across instruments and timeframes.
Important notice
The ORB Engine generates visual states based on price structure, volume confirmation, session timing, and liquidity context. These states are not financial advice. They do not predict future price movement. They do not guarantee profitability. All trading decisions are made entirely by the user. Always manage your own risk. Always apply your own judgment.
1. Overview
The ORB Engine is an overlay indicator that combines opening range detection, breakout confirmation, three entry modes, session liquidity mapping, and a five-point confluence scoring system into a single framework. It is designed for intraday scalping and day trading on any instrument and any timeframe below one hour.
What it includes:
- Opening range box (configurable start and end times) with high, low, and midpoint lines
- Wait period enforcement that blocks entries until the active window opens
- Master toggle to disable the wait period entirely for pure ORB breakout use
- Volume-confirmed breakout detection, active as soon as the box closes
- Three entry modes: midpoint retest, breakout retest, and immediate
- Stop loss and take profit lines (1:1, 1:2, 1:3) drawn on entry
- Trade close detection: dashboard and background reset when stop or final target is hit
- Session liquidity engine with live (dotted) and locked (solid) levels for Asia, London, and NY sessions
- Previous session levels with automatic P. prefix labeling
- Vertical session boundary lines at each session open and close
- Five-point confluence score shown in the dashboard
- Status background coloring: red during wait period, green after entry fires
- Full timezone support: all time inputs in the user's chosen UTC offset
- Dashboard with all live trade and session context
- Nine alert conditions
2. Core concepts
2.1 The opening range box
The box captures the high and low of a configurable time window at the start of the active trading session. The default is the first fifteen minutes of the New York session (14:00-14:15 Amsterdam / 08:00-08:15 New York), which concentrates the most institutional activity of the intraday day. The box is drawn as soon as it closes, with a solid high line, a solid low line, and a dotted midpoint line that extends as the session progresses.
The box range is shown in the dashboard. A narrow box suggests tight price discovery. A wide box suggests early volatility and may require a wider stop if trading it directly.
2.2 The wait period
Breakouts in the first sixty to ninety minutes after a major open are frequently false. Institutional players test liquidity in both directions before committing. The wait period blocks entries from firing until a configurable time, defaulting to 15:30 Amsterdam / 09:30 New York, when the first significant volume wave of the day typically confirms direction.
Critically, breakout direction is still tracked during the wait period. If price breaks above the box high at 14:30 and the wait ends at 15:30, the system already knows the direction is bullish when the active window opens. The entry trigger then watches for the configured retest from that point, without waiting for a new breakout signal.
The wait period can be disabled entirely with the master toggle. With it off, the entry triggers are active immediately after the box closes, which is useful for strategies that do not rely on the NY open timing.
2.3 Entry modes
Three entry modes cover the main ways traders approach ORB setups.
Midpoint retest: the most conservative mode. After a confirmed breakout, the indicator waits for price to pull back to the box midpoint, close on the correct side of it, and then fires the entry signal. This mode is best when the session shows clear reversion behavior after the initial breakout impulse.
Breakout retest: waits for price to retest the box boundary itself (high for a bull breakout, low for a bear breakout) after the initial breakout bar, and fires on a candle that touches the level and closes on the breakout side. This mode suits trending sessions where price breaks cleanly, pulls back briefly to the level, and then continues.
Immediate: fires directly on the confirmed breakout candle. If the breakout happened during the wait period, the entry fires on the first bar of the active window. This is the most aggressive mode and is appropriate when the trader expects strong directional continuation without a pullback.
2.4 Breakout confirmation
A breakout is not registered on a close outside the box alone. The breakout candle's volume must exceed the average volume by a configurable multiplier (default 1.3x). This filters breakouts driven by thin participation, which are more likely to fail on the retest. The volume average and multiplier are both adjustable.
2.5 Stop loss and take profit
The stop loss is placed beyond the opposite side of the box, with a small ATR-based buffer. The buffer multiplier is configurable, allowing tighter or wider placement depending on the instrument and timeframe.
Take profit targets are calculated at 1:1, 1:2, and 1:3 risk-to-reward ratios from the entry level, each toggleable independently. All active levels are drawn as dashed lines from the entry bar and labeled on the chart. The dashboard shows the price levels for active targets.
When the stop is hit or the final active take profit is reached, the dashboard resets to a neutral state. The chart lines remain as a visual record.
2.6 Retest timeout
The retest modes have a configurable bar-count timeout. If price does not return to the required level within that number of bars after the active window opens (or after the breakout, if the wait period is off), the setup expires. The dashboard shows the expired state. The default is 100 bars, which on a 1-minute chart is 100 minutes and on a 5-minute chart is roughly eight hours, so adjust this per timeframe and strategy.
3. Session liquidity engine
3.1 Why session levels matter
Price does not move randomly between sessions. The high and low of the Asia, London, and NY sessions represent pools of resting orders: stops clustered above highs, stops clustered below lows. These are the levels institutional flow targets first. A breakout above the ORB box that is also pushing toward an untested session high is a very different proposition from a breakout into empty space.
The ORB Engine maps these levels automatically and keeps them visible across the session, so the confluence between the ORB setup and the nearest liquidity pool is always visible at a glance.
3.2 Live and locked levels
While a session is in progress, the indicator draws dotted lines for the developing high and low. These lines update in real time as new extremes are set within the window. If price sweeps through what was the high at 03:00 before London has closed, the dotted line moves up immediately, reflecting the new developing high. This prevents the missed sweep problem where a level was set early and then exceeded without the chart updating.
When a session closes, the dotted lines are replaced by solid locked lines. These represent the final confirmed high and low of that session.
3.3 Tested and untested levels
Once a session closes, its levels are tracked for mitigation. If price returns to a locked level and wicks through it, the level is marked as tested by fading to a configurable transparency. It does not disappear. Tested levels can act as re-entry points or warn that a previous pool has been cleared. The untested level count in the dashboard tells you how many unmitigated levels are still active on the chart.
3.4 Previous session levels
When a new session begins, the previous session's locked levels are relabeled with a P. prefix (e.g., P.Asia.H, P.NY.L) immediately at the start of the new session, not when it closes. This makes it immediately clear which levels are current and which are historical. The show previous day toggle controls whether one additional day of locked levels is retained alongside today's.
3.5 Vertical session lines
Vertical lines mark the open and close of each session window in the session's color. Style (solid or dotted) and width are configurable. The lines appear only for the current day and are cleaned up automatically at the next session start.
4. Confluence score
The dashboard shows a five-point confluence score for the current setup, displayed as a bar-style meter (▰▰▰▱▱) with the numeric value alongside. The five criteria are:
1. Box formed: the opening range has closed and the high, low, and midpoint are locked.
2. Volume confirmed: the breakout candle exceeded the volume threshold.
3. Liquidity bias consistent: the breakout direction aligns with the nearest untested session level in that direction (e.g., a bull breakout with an untested high above is a stronger setup than a bull breakout with no untested level overhead).
4. Retest within time: the entry fired before the timeout expired.
5. Risk-to-reward viable: the stop distance is within a configurable multiple of the box range, confirming the setup is not overextended.
A score of 3 or above indicates a setup where multiple factors are confirming each other. A score of 1 or 2 means fewer criteria are met and the setup carries more uncertainty. The score updates live.
5. Timezone and session configuration
All time inputs in the ORB Engine are entered in the user's own timezone. Set your UTC offset once in the Timezone group at the top of the settings, and then enter box start, box end, active window start, session end, and all session liquidity windows in your local clock time. The indicator converts everything to New York time internally.
The dashboard shows a live local clock (Now), the box and active window times in your timezone (Box / Active), and the current UTC offset in the row label so the conversion is always visible.
This design means users in Amsterdam, Dubai, Singapore, or New York all configure the same indicator the same way, in the time they think in, without manually calculating offsets.
6. Status background coloring
The chart background changes state with the setup:
- No background: before the box forms, or after the session ends.
- Red tint: the box has formed and the wait period is active. Entries are blocked.
- Green tint: an entry has fired and the trade is active.
The background colors, their transparency, and whether they are shown at all are individually configurable. The default transparency is high enough to not obscure the candles.
7. Dashboard reference
The dashboard updates on every bar and shows:
Box Status - forming, formed, or —.
Box Range - the distance between the box high and low in ticks.
Wait Status - waiting with remaining minutes, active, disabled, or —.
Breakout - bull, bear, or none.
Entry Mode - the currently selected entry mode.
Midpoint Retest / Breakout Retest / Entry Trigger - the retest status: waiting, fired, expired, or —.
Entry - long, short, or —.
Confluence Score - the five-point bar meter and numeric value.
TP Levels - price levels for each active take profit target, or — if no trade is open.
Session / Untested - the current session name and the count of untested liquidity levels.
Now (UTC offset) - the current local clock time in the configured timezone.
Box / Active - the box window and active window start times in local time.
8. Alerts
Nine alert conditions are available:
- Bull breakout: a volume-confirmed close above the box high.
- Bear breakout: a volume-confirmed close below the box low.
- Long entry signal: a long entry trigger has fired.
- Short entry signal: a short entry trigger has fired.
- Long stop loss hit: the long trade stop has been reached.
- Short stop loss hit: the short trade stop has been reached.
- Long final TP hit: the long trade reached the final active take profit.
- Short final TP hit: the short trade reached the final active take profit.
- Near untested liquidity level: price is within a configurable ATR distance of an untested session level.
9. How to use
9.1 Basic workflow
Set your timezone. Enter the box and session times in your local clock. The wait period defaults to the New York 09:30 open equivalent in your timezone, which is when the most reliable ORB confirmations historically occur.
Let the box form. The dashboard shows the forming state during the box window and transitions to formed when it closes. The box range gives you an immediate read on how much price discovery happened.
Observe the breakout. The system detects breakouts as soon as the box closes, even during the wait period. The dashboard shows the breakout direction and a dot appears on the breakout candle. With the wait period on, the background turns red and entries are blocked.
Wait for the active window. When the wait period ends, the background stays neutral and the entry trigger activates. Depending on the entry mode, it is now watching for a midpoint touch, a boundary retest, or it already fired immediately at the open of the active window.
Check the score. A confluence score of 3 or above with a clean entry signal in the context of a nearby untested session level is the strongest combination the system can produce.
9.2 Entry mode selection
Use midpoint retest on sessions that show clear pullback behavior after the initial breakout impulse. Use breakout retest on sessions that trend strongly but pause briefly at the broken level before continuing. Use immediate when price is moving fast and a retest is unlikely, or when you want to be positioned as early as possible in the active window.
9.3 Session levels as context
Before entering any signal, check which session levels are nearby. An entry directly into an untested opposite-side level is likely to stall or reverse at that level. An entry away from all untested levels, in the direction of the next unmitigated pool, is a cleaner setup. The dashboard untested count and the live chart lines give you this context without any additional tools.
9.4 Illustrative bull scenario
Educational example only. Not a trading recommendation.
The opening range forms between 14:00 and 14:15 with a 20-point range. At 14:35, a candle closes above the box high on 1.6 times average volume. The breakout is confirmed as bull, and the wait period background turns red. At 15:30 the active window opens. Price is still above the box high and the midpoint retest mode is active. At 15:42, price dips back to the midpoint, wicks it, and closes above. The entry fires long. Score is 4/5: box formed, volume confirmed, retest in time, and RR viable. The NY.L below is the nearest untested level, well below the stop, so it is not a concern. TP1 is hit 18 minutes later.
9.5 Illustrative bear scenario
Educational example only. Not a trading recommendation.
A narrow 12-point box forms and breaks below the low at 14:28 on heavy volume. The breakout retest mode is selected. The wait period holds entries. At 15:30, price is trading 30 points below the box low. The system begins watching for a pullback back to the box low. At 15:44, price rallies back to the box low, taps it, and closes below. Short entry fires. Score is 3/5. Stop is placed above the box high with ATR buffer. TP2 is reached before the session ends.
10. Settings reference
Timezone: UTC offset selector for all time inputs and the dashboard clock.
Opening range box: start hour, start minute, end hour, end minute (all in local timezone), box color, box fill transparency, max box history in days.
Wait period: enable toggle, active window start hour and minute, session end hour and minute.
Entry settings: breakout volume multiplier, volume average length, retest timeout in bars, ATR length, stop loss ATR buffer, TP 1:1/1:2/1:3 toggles, SL/TP line projection in bars.
Session liquidity: show toggles for Asia, London, and NY with individual start and end times, colors, tested level transparency, line extend bars, show previous day toggle, label text size, show session vertical lines toggle, vertical line style and width, proximity alert toggle and ATR distance.
Confluence score: maximum risk-to-reward sanity check multiplier.
Dashboard: show toggle, position, text size.
Visualization: wait period background show, color, and transparency; entry active background show, color, and transparency.
11. Known limitations
The ORB Engine is designed for sessions that produce a directional move after the opening range. It performs best when the market has a clear bias — a breakout in one direction that holds and then retests cleanly before continuing.
In choppy, sideways price action, the indicator will produce repeated stop loss hits. If the opening range is narrow and price oscillates around the box boundaries without committing to a direction, a breakout in one direction can be followed immediately by a breakout in the opposite direction. Because the system locks breakout direction on the first confirmed move, subsequent reversals are not re-evaluated as a new setup within the same session. The result in choppy conditions is typically one or two stop loss hits before the session ends without a valid directional move.
This is not a flaw in the indicator — it reflects the reality that opening range strategies depend on directional follow-through. On days where the market is consolidating at the session open, no ORB approach will perform well. The confluence score provides some protection: a score below 3 indicates fewer confirming factors and may warrant sitting on the sidelines. The session liquidity levels can also help — if there is no clear untested level in the breakout direction, the setup has no obvious target and the probability of follow-through is lower.
The volume confirmation filter reduces false breakouts in thin conditions, but it does not eliminate them on highly volatile instruments where even noise candles can exceed the volume threshold. On assets with very low liquidity, the breakout volume multiplier should be raised above the default 1.3 to filter more aggressively.
On very low timeframes such as 1-minute charts, the retest timeout in bars covers fewer minutes. A timeout of 100 bars on a 1-minute chart gives 100 minutes of window. Adjust the timeout per timeframe to reflect how long a valid retest can realistically take on the instrument you are trading.
12. Disclaimer
This indicator is provided for educational and informational purposes only. Nothing in this document or in the indicator output constitutes financial advice or any form of recommendation. Trading financial instruments involves substantial risk of loss. Past performance is not indicative of future results. You may lose all of your invested capital. Anonycryptous accepts no responsibility or liability for any losses incurred as a result of using this indicator.
Indicator
Strength - Filtro RupturaEste indicador colorea las velas en función de la confluencia entre el momentum del precio (Williams %R) y la fuerza de la tendencia (ADX), actuando como filtro de confirmación para rupturas del rango de apertura.
¿Cómo funciona?
Combina dos indicadores clásicos con una lógica específica:
Williams %R identifica la zona en la que se encuentra el precio (sobrevendido, neutro, sobrecomprado) y la dirección del momentum en ese momento
ADX confirma que la tendencia tiene fuerza real detrás — si el ADX no está creciendo, la vela queda gris sin importar el momentum
La regla base es simple: sin fuerza no hay señal. El color gris significa "no operar".
Paleta de colores — Confirmación ALCISTA (usar con ruptura del ORB High)
🟢 Verde brillante — Williams %R por debajo de -50 y girando al alza con ADX creciente. Reversión desde zona de sobreventa con fuerza confirmada. La señal más potente al alza.
🟢 Verde medio — Williams %R entre -50 y -27, subiendo con ADX creciente. Continuación alcista en zona neutral con momentum sostenido.
🟢 Verde oscuro — Williams %R por encima de -27, subiendo con ADX creciente. Precio en zona alta con momentum extremo sostenido. Señal de continuación, operar con precaución.
Paleta de colores — Confirmación BAJISTA (usar con ruptura del ORB Low)
🔴 Rojo brillante — Williams %R por encima de -50 y girando a la baja con ADX creciente. Giro bajista desde zona neutral o alta con fuerza confirmada. La señal más potente a la baja.
🩷 Rosa/Fucsia — Williams %R entre -50 y -72, bajando con ADX creciente. Continuación bajista con presión sostenida.
🟤 Marrón oscuro — Williams %R por debajo de -72, bajando con ADX creciente. Sobreventa extrema con caída sostenida. Señal de continuación, mercado en presión vendedora fuerte.
⬜ Gris — No operar
Cuando el ADX no está creciendo, la vela se colorea en gris. Sin fuerza direccional confirmada, cualquier ruptura puede ser falsa. Este filtro es el núcleo del indicador.
Uso recomendado con ORB V2
Este indicador está diseñado para trabajar en conjunto con ORB V2 (también disponible en mi perfil). El flujo es el siguiente:
ORB V2 define el rango de apertura y marca el High y Low del período inicial
Cuando el precio rompe ese rango, Strength - Filtro Ruptura confirma o descarta la ruptura según el color de la vela en ese momento
Solo las rupturas acompañadas de velas verdes (al alza) o rojas (a la baja) tienen confirmación de fuerza real
Las rupturas sobre velas grises se ignoran — son el tipo de fakeout que este filtro busca eliminar
Juntos forman un sistema simple y visual: el ORB marca el nivel, Strength confirma si vale la pena operarlo. Indicator
Opening Range Breakout (ORB) [martineye15]Opening Range Breakout (ORB) — a configurable, non-repainting opening-range breakout tool. It records the high and low of an opening-range window you define, locks that range at session close, then signals breakouts above or below it and projects a stop-loss and up to three take-profit targets for each one. It is market-agnostic: session, timezone, active days, confirmation style, risk model, filters, visuals and alerts are all inputs, so the same tool adapts to indices, futures, forex, crypto or stocks on any intraday timeframe.
THE OPENING RANGE
- Define the range by session time and timezone (e.g. 0930-0945 New York for the first 15 minutes of the US cash open), with presets for the major world market zones.
- Choose which weekdays are active (Mon to Sun).
- The range builds live during the window, then locks at session close. Optionally extend the locked levels across the rest of the day.
BREAKOUT DETECTION
- Confirmation: require a bar to close beyond the level, or count any wick / touch.
- Signal mode: the first breakout of the day only, or every breakout.
- Optional retest: after the initial break, wait for price to return to the broken level and resume in the breakout direction before signalling.
RISK MODEL
- Stop-loss: opposite OR boundary, OR midpoint, ATR, fixed ticks, or percent.
- Take-profit: risk multiple (R), OR-range multiple, ATR, fixed ticks, or percent, with up to three targets.
- Levels are computed from the entry, drawn with labels, and their hits are tracked bar by bar.
FILTERS
- OR size filter: skip days whose range is too small or too large (in ticks or percent) to avoid low-quality sessions.
- One trade per day.
- Volume confirmation: require the breakout bar's volume to exceed its moving average.
VISUALS & INFO
- Opening-range box and high/low lines, breakout labels, and SL/TP lines, all with configurable colours, width and style.
- Optional session background, and an on-chart info table showing the OR high/low, range size, current state (forming / waiting / filtered / active / closed) and the latest result.
ALERTS
- Opening range formed, bullish breakout, bearish breakout, take-profit hit, and stop-loss hit, with messages that include the symbol, timeframe and levels.
HOW TO USE
Apply it to an intraday chart and set the OR session and timezone to match your instrument — the US cash open, a forex session open, or any window you trade. Tune the stop and target model to your risk approach, add the size, volume or one-trade-per-day filters if you want stricter conditions, and set alerts on the events you care about. Every module toggles independently, so you can keep the chart minimal or fully detailed.
WHAT MAKES IT DIFFERENT
Rather than a fixed opening-range window with a single stop and target rule, everything is parameterised: five stop methods, five target methods with up to three targets, an optional retest condition, size and volume filters, and full timezone / session / weekday control — so one tool fits very different instruments and playbooks while staying non-repainting.
REPAINTING & LIMITATIONS
Breakout signals and stop/target hits are evaluated only on confirmed (closed) bars, so historical and realtime behaviour match — the tool does not repaint. The opening-range box and lines update live while the range is still forming, which is expected. It runs on intraday timeframes only; on daily or higher it displays a notice instead of drawing.
This is a visual, decision-support tool. It is not a strategy, it places no orders and reports no performance statistics, and it is not financial advice. Indicator
