OPEN-SOURCE SCRIPT

ORB Breakouts with alerts

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"ORB Breakouts with Alerts" is a utility indicator that highlights an Opening Range Breakout (ORB) setup during a user-defined intraday time window. It allows traders to visualize price consolidation ranges and receive alerts when price breaks above or below the session high/low.

🔧 Features:

*Customizable session time (start and end), adjustable to local time using a timezone offset.
*Automatically plots:
*A shaded box around the session's high and low.
*Horizontal lines at session high and low levels.
*Optional "BUY"/"SELL" labels to mark breakout directions.
*Visual breakout signals when price crosses above or below the session range.
*Built-in alerts to notify when breakouts occur.
*Configurable styling options including box color, highlight color, and label placement.

⚙️ How It Works:
*During the defined time range, the script tracks the highest high and lowest low.
*After the session ends:
*A box is drawn to represent the opening range.
*Breakouts above the high or below the low trigger visual markers and optional alerts.
*Alerts are limited to one per direction per day to reduce noise.

⚠️ This indicator is a technical analysis tool only and does not provide financial advice or trade recommendations. Always use with proper risk management and in conjunction with your trading plan.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.