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.
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。
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。