ORB Pro w/ Filters + Debug + ORB Fib + Golden Pocket + HTF Trend

🚀 ORB Pro – Advanced Opening Range Breakout System
A professional ORB indicator with built-in filters, retest confirmation, EMA/HTF trend alignment, and automatic risk/reward targets. Designed to eliminate false breakouts and give traders clean LONG/SHORT signals with Fibonacci and debug overlays for maximum precision.

This script is an advanced Opening Range Breakout (ORB) system designed for futures, indices, and options traders who want more precision, cleaner entries, and higher win probability. It combines classic ORB logic with modern filters, Fibonacci confluence, and higher-timeframe trend confirmation.

The indicator automatically:

Plots the ORB box based on user-defined NY session times (default: 9:30–9:45 EST).

Generates long/short signals when price breaks the ORB range, with optional conditions like:

Candle close outside the range

Retest confirmation (with tolerance %)

Volume spike validation

EMA trend alignment

Higher-timeframe EMA slope alignment

Cooldown filters to prevent over-trading

Integrates Fibonacci retracements & extensions from the ORB box for confluence levels.

Includes Golden Pocket (0.5–0.618) retests for precision entries

Risk/Reward visualization — automatically plots stop loss and take profit levels based on user-defined R:R or fixed % levels.

Debug mode overlay to show why a signal is blocked (e.g., low volume, ORB too small, too late, wrong trend).

This tool is built for scalpers, day traders, and 0DTE options traders who need both flexibility and discipline.

⚙️ Inputs & Features
ORB Settings

ORB Start & End Time (NY) → Default: 9:30–9:45

Require Candle Close → Ensures breakouts are confirmed, not wick traps.

Retest Confirmation → Optional retest before entry (tolerance % adjustable).

Filters

Volume Spike → Validates breakouts only with above-average volume.

EMA Trend Filter → Confirms trade direction with EMA slope.

Higher Timeframe Trend → Optional (e.g., 15m ORB with 1h EMA alignment).

Cooldown Bars → Prevents consecutive false signals.

ORB Size Filter → Blocks signals when ORB is too small/too large.

Fibonacci Levels

Retracements: 0.236, 0.382, 0.5, 0.618, 0.786

Extensions: 1.272, 1.618

Golden Pocket Retest filter for high-probability trades

Risk Management

R:R Stops/Targets → Automatically plots SL/TP levels.

Custom Stop % / Take Profit % if not using R:R

Debug Overlay → Explains why signals are blocked

🧑‍💻 How to Use

Load the indicator on your chart (works best on 1m, 5m, and 15m).

Adjust ORB window (default 9:30–9:45 EST).

Select filters (candle close, retest, volume, EMA, HTF trend).

Watch for Long/Short labels outside ORB box with filters aligned.

Manage trades using plotted SL/TP levels or your own Webull/R:R calculator.

✅ Best Use Cases

Futures (NQ1!, ES1!)

ETFs (QQQ, SPY, IWM)

0DTE Options Trading

Scalping around market open

⚠️ Disclaimer

This tool is for educational purposes only. It does not constitute financial advice. Trading carries risk, and past performance does not guarantee future results. Always test on paper trading before using real capital.
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ORB Pro w/ Filters + Debug + ORB Fib + Golden Pocket + HTF Trend

A professional Opening Range Breakout (ORB) toolkit designed for intraday traders who want precision entries, risk-managed exits, and layered confirmation filters. Built for futures, stocks, and ETFs (e.g. NQ, ES, QQQ).

🔎 Core Logic

This script plots and trades breakouts from the Opening Range (9:30 – 9:45 NY time), then applies multiple confirmation filters before signaling a LONG or SHORT setup:

ORB Box: Defines the first 15 minutes of market activity (customizable).

Breakout Candle Confirmation: Requires a candle close outside the ORB box.

Retest Confirmation: Price must retest the ORB edge within tolerance before triggering.

Trend Filter: EMA confirmation to align trades with intraday trend.

Higher-Timeframe Trend Filter: Optional (default: 45-minute EMA) to avoid countertrend trades.

Fibonacci Levels: Auto-plot retracements (0.236 → 0.786) for confluence and trade management.

Golden Pocket Retest (Optional): Adds an extra precision filter at 0.5–0.618 retracement.

⚙️ Default Settings (Optimized for Beginners)

These are the pre-configured inputs so traders can load and trade immediately:

ORB Session: 9:30 – 9:45 NY

✅ Require Candle Close Outside ORB

✅ Require Retest Confirmation (tolerance 0.333%)

❌ Require Volume Spike (off by default, optional toggle)

✅ Require EMA Trend (50 EMA intraday)

✅ Require Higher-TF Trend (45m, EMA 21)

❌ Higher-TF EMA slope required (off)

✅ Cooldown Between Signals (10 bars)

ORB % Range: Min 0.3%, Max 0.5%

Max Minutes After ORB: 180

✅ ORB-based Risk/Reward Stops & Targets (default: 2R)

Stop Loss: 0.5% (if not R:R)

Take Profit: 1% (if not R:R)

✅ Debug Overlay (shows why signals are blocked)

✅ Fibonacci Retracements Plotted

❌ Extensions (off by default, toggle if needed)

✅ Golden Pocket Retest available, tolerance 0.11 (optional)

📈 Signals

Green "LONG" Label: Valid breakout above ORB with trend confirmation.

Red "SHORT" Label: Valid breakdown below ORB with trend confirmation.

Blocked (debug text): Signal suppressed by filters (low volume, too late, no retest, etc.).

🎯 Trade Management

Default R:R is 2:1 (stop at ORB edge, TP projected).

For manual trading (e.g., Webull, IBKR), you can use the plotted TP/SL boxes directly.

Fibonacci + Golden Pocket give additional profit-taking levels and retest filters.

✅ Best Practices

Use 15m chart for main ORB entries.

Confirm direction with HTF trend (45m EMA by default).

Avoid signals blocked by “Low Volume” or “Too Late” (debug helps identify).

Adjust ORB % range for asset volatility (tight for ETFs, wider for futures).

🚀 Why ORB Pro?

This is more than a standard ORB indicator. It’s a professional breakout system with filters designed to avoid false breakouts, automatically handle risk/reward, and guide traders with clear visual signals. Perfect for both systematic day traders and discretionary scalpers who want structure and confidence.

👉 Recommended starting point:
Load defaults → trade the 15m ORB with EMA + HTF filters on → let the script handle retests and stop/target placement.