Our T.R.B (Time Range Breakout) indicator is very similar to the O.R.B (Open Range Breakout) indicator. This script plots the high/Low within a custom time-range which then extends that plot to end-of-day. A Fibonacci extension is then drawn from that range. The default settings of this indicator set the similarities to the ORB. This script only displays the last trading day.
Due to Tradingview's singular refresh rate for the larger timeframes("resolutions"); this indicator works on timeframes LESS than 60min. Additionally, the smaller the timeframe the more accurate the price range will be.
The movements within the specified period of time define the projected Fibonacci prices associated with the allotted time's price range.
• Custom Time Range • Fibonacci Extensions • Up to 5 PTs • Customizable Multiplier
Additional script features allow for fully adjustable settings and configurations:
• Adjustable; PT Colors • Adjustable; Range Color • Adjustable; Toggles