ORB indicator with Total Time
Key Features and Mechanics:
Custom session timing: Set the ORB start hour, minute, and total duration in minutes. The session is anchored to New York time for consistency with NYSE/NASDAQ hours.
Dynamic ORB tracking: The script identifies the high and low of the defined ORB period, updates them in real-time, and optionally extends these lines beyond the session for continuous reference.
Visual clarity: Highlights the ORB zone during the session and allows adjustable line thickness for better visibility across charts.
Breakout alerts: Integrated alert conditions notify traders when price crosses above the ORB high or below the ORB low. Alerts are optional and configurable.
Usefulness:
Not a simple replication: While ORB scripts exist, this script combines customizable session duration, visual zone highlighting, extendable lines, and breakout alerts in a single tool.
Trader insight: Provides clear visual context and early-session breakout monitoring, making traders observe price action dynamics.
How It Works Conceptually:
The script calculates a session start timestamp based on the user-defined hour and minute.
Bars within the session are tracked to determine the highest high and lowest low.
After the session, the ORB high and low can either remain visible (extendORB = true) or disappear.
Alerts trigger when price crosses these levels, allowing users to act on potential breakouts.
This script is intended to provide visual and analytical guidance for early-session price ranges. It does not make performance claims and is based entirely on chart data. Results are not guaranteed and is intended for educational purposes only.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact danny_faltas directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact danny_faltas directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.