opening range breakout (ORB)
auto-plots the opening range high/low with various extension and retracement levels, plus a live stats dashboard.
information
opening range breakout (ORB)|edgeful.com
what it does
this indicator automatically identifies and plots the high and low of the opening range period you specify (default 15 minutes from 9:30-9:45 AM). it draws horizontal lines at these key levels that extend throughout the trading day, with optional extension levels above and below based on multiples of the range size.
a comprehensive dashboard displays real-time statistics including ORB state (premarket, forming, formed, session closed), range size in points and percentage, which level formed first, breakout status, current price location, and distance from key levels.
key features
customizable opening range period with timezone support
up to 16 extension levels (8 above, 8 below) based on range multiples
three retracement levels within the ORB range
real-time dashboard with comprehensive statistics
session-aware calculations that terminate lines at session end
explainer chart
opening range breakout (ORB)|edgeful.com
