ORB by R/R
auto-plots fixed 1R, 2R, and 3R target levels for long and short breakout trades based on the opening range size.
information
ORB by R/R|edgeful.com
what it does
this indicator plots the opening range high and low, then calculates fixed R/R levels at 1R, 2R, and 3R distances from the breakout point. for long trades, targets are calculated as high + (range x multiplier); for shorts, low - (range x multiplier).
the clean interface focuses specifically on R/R-based trading without complex extension configurations. labels display at each level for easy reference during trade management.
key features
fixed 1R, 2R, 3R target levels for long and short trades
simple R/R calculation based on opening range size
labels at each target level
lines extend during market session
minimal, focused interface for R/R traders
explainer chart
ORB by R/R|edgeful.com
