ORB Range Indicator with Fibonacci Targets

Jul 26

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.

Jul 27

Release Notes

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.

Jul 28

Release Notes

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.

2 days ago

Release Notes

Added Session Selector:
A new dropdown input named "Trading Session" (`session_choice`) was added, allowing you to select from "New York", "London", "Tokyo", and "Frankfurt".

Dynamic Time Logic:
The static time settings were replaced with a `switch` statement. This dynamically assigns the correct `session_tz` (timezone), `start_hour`, and `start_minute` based on the session you select.

Updated Reset Logic:
The script will now automatically clear and redraw the ORB lines and targets if you change the selected "Trading Session", in addition to resetting on a new day or when the range duration is changed.