Opening Range Breakout - ORB 15

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📈 Opening Range Breakout - ORB 15 v1.68
This indicator is based on the Opening Range Breakout (ORB) strategy, specifically tuned for the first 15 minutes of the trading session. It identifies and visualizes the ORB range, key levels, and alerts for breakouts during and shortly after the ORB window.

🔍 Features
Automatically detects the high and low during the ORB session (default 08:30–08:45).
Plots ORB High/Low lines with optional middle zone levels.
Fills the breakout zones with color shading.
Real-time and confirmed candle-close breakout alerts.
Optional on-chart label showing the size of the ORB range in points.
Label customization: background color, text color, text size.
Alert control: Only receive alerts within a user-defined time window after session start.

⚙️ Settings
ORB Session Time – Define the start and end of the opening range.
Alert Active Time (Hours) – Controls how long after the session alerts are allowed.
Show ORB Range Label – Toggle the on-chart label.
Label Styling Options – Adjust text size, color, and background.

🔔 Alerts
Break Above/Below ORB (real-time intrabar break)
Candle Closed Above/Below ORB (confirmed close outside the range)

✅ Use Cases
Scalping and intraday breakout strategies.
Morning volatility tracking.
Zone-based entries and stop placement.
Developed with performance and clarity in mind, this script gives traders a precise visual and alert-based system for trading early-session breakouts.
Let me know if you’d like a shorter version for the "short description" field too.

1 saat önce

Sürüm Notları

Version 1.70
Some small fix