OPEN-SOURCE SCRIPT
ORB Readiness Plus
ORB Readiness Plus is an Opening Range Breakout decision-support indicator that tracks ORB breaks, retests, reclaims, midline reactions, and trade-quality context.
Unlike a basic ORB tool that only plots the high and low of the opening range, this script also evaluates whether the price is continuing a breakout, failing a breakout, reclaiming the ORB, or reacting from the ORB midline.
Features include ORB high/low/midline plotting, bullish and bearish close-break detection, edge retest tracking, reclaim warning and confirmation logic, midline reaction logic, VWAP alignment, HTF EMA bias, EMA slope, volume confirmation, ORB/ATR range quality, measured-move target guide, dashboard scoring, alerts, and clean triangle markers.
The goal is to help traders quickly answer:
• Has the ORB been set?
• Did price break the range with a close?
• Is the move continuing or reclaiming?
• Did price retest the ORB edge or react from the midline?
• Is the setup aligned with VWAP, trend, volume, and range quality?
Signal guide:
▲Green triangle = Long entry condition
▼ Red triangle = Short entry condition
▲ Orange triangle = Best setup condition
▲ / ▼ Small yellow triangle = Optional reclaim warning/context signal
▲ / ▼ Small gray triangle = Optional ORB midline reaction signal
This script is best used on intraday charts such as 1-minute, 3-minute, or 5-minute timeframes. It is intended for discretionary ORB traders who want a cleaner structure and context, not automatic buy or sell calls.
This indicator is for education and decision support only. It does not guarantee results. Always use proper risk management and test before using in live trading.
Unlike a basic ORB tool that only plots the high and low of the opening range, this script also evaluates whether the price is continuing a breakout, failing a breakout, reclaiming the ORB, or reacting from the ORB midline.
Features include ORB high/low/midline plotting, bullish and bearish close-break detection, edge retest tracking, reclaim warning and confirmation logic, midline reaction logic, VWAP alignment, HTF EMA bias, EMA slope, volume confirmation, ORB/ATR range quality, measured-move target guide, dashboard scoring, alerts, and clean triangle markers.
The goal is to help traders quickly answer:
• Has the ORB been set?
• Did price break the range with a close?
• Is the move continuing or reclaiming?
• Did price retest the ORB edge or react from the midline?
• Is the setup aligned with VWAP, trend, volume, and range quality?
Signal guide:
▲Green triangle = Long entry condition
▼ Red triangle = Short entry condition
▲ Orange triangle = Best setup condition
▲ / ▼ Small yellow triangle = Optional reclaim warning/context signal
▲ / ▼ Small gray triangle = Optional ORB midline reaction signal
This script is best used on intraday charts such as 1-minute, 3-minute, or 5-minute timeframes. It is intended for discretionary ORB traders who want a cleaner structure and context, not automatic buy or sell calls.
This indicator is for education and decision support only. It does not guarantee results. Always use proper risk management and test before using in live trading.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.