OPEN-SOURCE SCRIPT
ORB + Fib Breakout Signals 1.0
Overview
ORB + Fib Breakout Signals 1.0 is a trading indicator designed to combine Opening Range Breakout (ORB) analysis with Fibonacci extension and retracement levels to identify high-probability trade opportunities. The script automatically plots key ORB levels, detects breakout conditions, and generates long and short trade signals when price confirms momentum beyond the opening range.
Features
Automatic Opening Range High and Low detection
Bullish and bearish breakout signals
Fibonacci retracement and extension levels
Visual buy and sell markers
Customizable session settings
Adjustable Fibonacci targets
Clear chart overlays for fast decision making
How It Works
The script defines the opening range during a user-selected session.
Once the range is established, it monitors price action for confirmed breakouts.
When price closes above the ORB high, a bullish signal may be generated.
When price closes below the ORB low, a bearish signal may be generated.
Fibonacci levels are used to identify potential profit targets, pullback zones, and areas of support or resistance.
Best Use Cases
Index Futures (NQ, ES, YM)
Forex Markets
Major Stock Indices
High Volume Equities
Intraday Momentum Trading
Risk Disclaimer
This indicator is intended for educational and informational purposes only. Trading involves substantial risk and no indicator can guarantee profits. Always use proper risk management, stop-loss protection, and independent analysis before entering any trade.
Version
Version 1.0
Created by Chad Lee
ORB + Fib Breakout Signals 1.0 is a trading indicator designed to combine Opening Range Breakout (ORB) analysis with Fibonacci extension and retracement levels to identify high-probability trade opportunities. The script automatically plots key ORB levels, detects breakout conditions, and generates long and short trade signals when price confirms momentum beyond the opening range.
Features
Automatic Opening Range High and Low detection
Bullish and bearish breakout signals
Fibonacci retracement and extension levels
Visual buy and sell markers
Customizable session settings
Adjustable Fibonacci targets
Clear chart overlays for fast decision making
How It Works
The script defines the opening range during a user-selected session.
Once the range is established, it monitors price action for confirmed breakouts.
When price closes above the ORB high, a bullish signal may be generated.
When price closes below the ORB low, a bearish signal may be generated.
Fibonacci levels are used to identify potential profit targets, pullback zones, and areas of support or resistance.
Best Use Cases
Index Futures (NQ, ES, YM)
Forex Markets
Major Stock Indices
High Volume Equities
Intraday Momentum Trading
Risk Disclaimer
This indicator is intended for educational and informational purposes only. Trading involves substantial risk and no indicator can guarantee profits. Always use proper risk management, stop-loss protection, and independent analysis before entering any trade.
Version
Version 1.0
Created by Chad Lee
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。