OPEN-SOURCE SCRIPT
ORBITAL ORB Indicator
ORBITAL30100 — Opening Range Breakout Indicator
See the setup before the move. Trade with structure, not instinct.
The opening range is one of the most studied patterns in institutional trading. The first hour of a session concentrates liquidity, news reaction, and directional commitment into a defined price range — and what price does after that range is established has historically been one of the most reliable signals in the market. ORBITAL30100 maps that range automatically and tells you exactly where the actionable levels are.
What it does
The indicator monitors a configurable early-session window — defaulting to the first hour of the New York open — and builds the opening range in real time as the session develops. The moment the window closes, it locks the range and immediately draws everything you need: the high and low as live breakout triggers, the midpoint as a stop loss reference, take profit targets projected one full range above and below the breakout levels, and breakeven markers at the halfway point of each target. When price breaks through either boundary with a confirmed close, a signal label appears on the chart.
A live dashboard sits in the corner of your chart throughout the session, showing the exact high, low, range size, midpoint, and both take profit targets, along with the current session status — building, watching, broken, or skipped.
Key features
A configurable range quality filter lets you define a minimum and maximum acceptable range size in points. Sessions where the range is too tight to trade cleanly, or too wide to manage sensibly, are automatically skipped and labelled on the chart so you know exactly why. Every visual element is individually toggleable — the box, the breakout lines, the TP levels, the breakeven markers, the midpoint line, and the signal labels — so you can keep the chart as clean or as detailed as you want. Colours are fully customisable and the dashboard can be positioned in any corner.
The indicator is built in Pine Script v6 and works across any session-based market and timeframe. The ORB window, timezone, and range filter are all configurable from the settings panel.
See the setup before the move. Trade with structure, not instinct.
The opening range is one of the most studied patterns in institutional trading. The first hour of a session concentrates liquidity, news reaction, and directional commitment into a defined price range — and what price does after that range is established has historically been one of the most reliable signals in the market. ORBITAL30100 maps that range automatically and tells you exactly where the actionable levels are.
What it does
The indicator monitors a configurable early-session window — defaulting to the first hour of the New York open — and builds the opening range in real time as the session develops. The moment the window closes, it locks the range and immediately draws everything you need: the high and low as live breakout triggers, the midpoint as a stop loss reference, take profit targets projected one full range above and below the breakout levels, and breakeven markers at the halfway point of each target. When price breaks through either boundary with a confirmed close, a signal label appears on the chart.
A live dashboard sits in the corner of your chart throughout the session, showing the exact high, low, range size, midpoint, and both take profit targets, along with the current session status — building, watching, broken, or skipped.
Key features
A configurable range quality filter lets you define a minimum and maximum acceptable range size in points. Sessions where the range is too tight to trade cleanly, or too wide to manage sensibly, are automatically skipped and labelled on the chart so you know exactly why. Every visual element is individually toggleable — the box, the breakout lines, the TP levels, the breakeven markers, the midpoint line, and the signal labels — so you can keep the chart as clean or as detailed as you want. Colours are fully customisable and the dashboard can be positioned in any corner.
The indicator is built in Pine Script v6 and works across any session-based market and timeframe. The ORB window, timezone, and range filter are all configurable from the settings panel.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.