OPEN-SOURCE SCRIPT

NY ORB + Fakeout Detector

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🗽 NY ORB + Fakeout Detector
This indicator automatically plots the New York Opening Range (ORB) based on the first 15 minutes of the NY session (15:30–15:45 CEST / 13:30–13:45 UTC) and detects potential fakeouts (false breakouts).

🔍 Key Features:
✅ Plots ORB high and low based on the 15-minute NY open range
✅ Automatically detects fake breakouts (price wicks beyond the box but closes back inside)
✅ Visual markers:
  🔺 "Fake ↑" if a fake breakout occurs above the range
  🔻 "Fake ↓" if a fake breakout occurs below the range
✅ Gray background highlights the ORB session window
✅ Designed for scalping and short-term breakout strategies

🧠 Best For:
Intraday traders looking for NY volatility setups

Scalpers using ORB-based entries

Traders seeking early-session fakeout traps to avoid false signals

Those combining with EMA 12/21, volume, or other confluence tools

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.