ORB Range Indicator with Fibonacci Targets

26 Tem

This script plots the Opening Range (ORB) high and low based on a configurable time window (5–45 minutes from the U.S. session open at 9:30 AM EST).
Once the ORB window closes, the indicator draws horizontal lines marking:

ORB High and Low

The size of the range in price and %

Fibonacci-based price targets above and below the range (0.382, 0.618, 1.000, 1.618, 2.000)

You can control:

Which Fibonacci levels to display

Whether to show long targets, short targets, or both

All drawings are automatically cleared at the start of each trading day.

Ideal for breakout traders using ORB and Fibonacci extensions for target planning.

27 Tem

Sürüm Notları

ORB Range Indicator with Fibonacci Targets

This script plots the Opening Range (ORB) high and low based on a configurable time window (5–45 minutes from the U.S. session open at 9:30 AM EST).
Once the ORB window closes, the indicator draws horizontal lines marking:

ORB High and Low

The size of the range in price and %

Fibonacci-based price targets above and below the range (0.382, 0.618, 1.000, 1.618, 2.000)

You can control:

Which Fibonacci levels to display

Whether to show long targets, short targets, or both

All drawings are automatically cleared at the start of each trading day.

Ideal for breakout traders using ORB and Fibonacci extensions for target planning.

28 Tem

Sürüm Notları

A recent fix was added to improve stability — it ensures that the indicator works correctly even on low-volume or quiet days by safely handling situations where no breakout lines or labels are drawn. This prevents potential runtime errors that occurred in some edge cases.

If you run into any issues or bugs, feel free to leave a comment and I’ll take a look.