Rapid ORB • KZB + Confirmation V3 with Warnings

📌 Rapid ORB + Killzone Breakout (KZB) + Confirmation V3 with Warnings

Overview
The Rapid ORB + KZB Confirmation V3 is a highly versatile trading tool designed for traders who use Opening Range Breakout (ORB) and Killzone Breakout (KZB) concepts, enhanced with multi-layered confirmation filters, fakeout warnings, and breakout timing analysis.
This indicator adapts to any time zone, supports any range duration (15, 30, 60 min, etc.), and works across Forex, Indices, Commodities, and Crypto.

🔹 Core Features

1. Flexible Opening Range

• User-defined time zone, start time, and range duration (minutes).
  
• Works with any market session (New York, London, Tokyo, Sydney).
  
• Range automatically draws high & low boundaries for breakout detection.
  

2. Smart Breakout Confirmation (Toggle On/Off)
Breaker candles must meet all of these user-defined conditions:

• Body Size % → e.g., ≥ 60% body, ≤ 40% wicks.
  
• Body Position → At least 1/3 of the body outside the range edge.
  
• Structure Confirmation →
  

i) Bullish: Close above previous candle wick & higher low than previous candle.
ii) Bearish: Close below previous candle wick & lower high than previous candle.


3. Fakeout Detection

If the very next HTF candle (based on your ORB timeframe) closes back inside the range, a FAKEOUT warning is displayed.

4. Breakout Timing Warning

i) If no valid breakout occurs within the first 7 candles after the ORB range ends →
CHOPPY DAY warning.
ii) If breakout occurs after 7 candles → BIG MOVE POSSIBLE warning.

5. Multi-Timeframe Awareness

Even if you are on a 1m, 3m, or 5m chart, the fakeout and breakout timing are calculated using your selected ORB timeframe.

6. Tooltip Help

Comprehensive on-chart tooltips explain each confirmation condition in simple trader language.

📊 Example Usage

Example 1 – NYSE Opening Range (15 min)

• Time Zone: America/New_York
  
• Start Time: 09:30
  
• Range Minutes: 15
  
• If a bullish candle at 09:45 closes above the high with 70% body and no large upper wick, you get a valid "UP" signal.
  
• If the next 15-min candle closes back inside → FAKEOUT warning appears.
  

Example 2 – London Killzone (30 min)

• Time Zone: Europe/London
  
• Start Time: 08:00
  
• Range Minutes: 30
  
• If no breakout occurs within the first 7 candles after 08:30 → CHOPPY DAY warning appears.
  
• If breakout happens at candle 8 or later → BIG MOVE POSSIBLE warning.
  

Example 3 – NAS100 on 5 min chart

• Even though you are trading 5 min candles, ORB is set to 15 min range.
  
• All breakout and warning logic is calculated based on 15 min data, ensuring consistency.
  

💡 Trading Tips

1. Fakeout warnings can help avoid false breakouts, a common cause of losses in range trading.
   
2. Late breakout warnings often signal larger moves due to liquidity build-up.
   
3. Combine this indicator with SMT divergence, PD arrays, 1hr/4hr trend or your favorite S/R levels for higher confluence if no signal printed but breakout occurred.
   
4. SMT or SMT with any other confluence lined with the break weaker breaker signal or no signal break can use used.
   
5. Works best during high-volatility market opens.
   
6. Try different options and find your edge, but default script has been coded according to the video.
   

📜 Inspired By
This indicator was inspired by The Big Daddy Max ORB strategy.
🎥 Strategy video: youtu.be/seH8Y0RLyjA?si=rYw72iDrMU5j-ocl
Note: We are not affiliated or connected to the original creator. We have tested the strategy extensively and coded this indicator for public use.

⚠ Disclaimer
This tool is for educational purposes only. Past performance does not guarantee future results. Always use proper risk management.