ORB by levels
auto-plots multiple extension levels above and below the opening range with dynamic price labels that follow current price.
information
ORB by levels|edgeful.com
what it does
this indicator calculates the opening range high and low, then draws 16 extension levels based on customizable multiples of the range size. levels above the range (0.5x to 4x) are shown in green, while levels below (-0.5x to -4x) are shown in red.
labels dynamically follow the current bar position, showing the level multiplier and optional price values. this provides clean, easy-to-read extension targets without the complexity of a full dashboard.
key features
16 customizable extension levels with individual multipliers
dynamic labels following current bar position
separate colors for positive and negative extensions
optional price display on labels
historical lookback with automatic line cleanup
explainer chart
ORB by levels|edgeful.com
