ORB Confluence Pro

ORB Confluence Pro [5/15/30] — Opening Range Breakout with VWAP + Volume Grading

Overview
ORB Confluence Pro is a complete intraday Opening Range Breakout toolkit. It draws the day's opening range (5, 15, or 30 min), flags confirmed breakouts with an A/B/C quality grade, and detects ORB rejection reversals at the range edges — all restricted to the current session only so your chart stays clean.

What it does

Opening Range — Builds the OR from the first 5/15/30 minutes of the regular session, then locks and plots the high/low lines and range box.
2-Candle Breakout Confirmation — A breakout is only signalled when price crosses the OR edge and a following candle pushes further in the same direction (beyond the crossing candle). This reduces false pokes and wick fakeouts.
A/B/C Grading with Confluence — Every breakout is graded on VWAP alignment and a volume surge vs. its moving average:
- A = breakout + full confluence
- B = breakout + partial confluence
- C = breakout only
- Hover the label for a plain-language explanation of why it earned that grade.
ORB Rejection Reversals — Uses a 10% inner band at each edge. A same-colour trigger candle that tests the edge, followed by a confirming candle closing beyond its wick, prints a Rev ↑ / Rev ↓. Limited to one per swing to avoid noise.
Pullback Re-Entry — Re-arms breakout signals when price pulls back to the range and pushes out again.
Today-Only Drawings — All lines, boxes, and markers reset each new session and auto-carry the last valid session across weekends/holidays.
Status Dashboard — Live table showing OR High/Low, directional bias, VWAP position, and volume state.

Key Settings

OR duration (5/15/30), session, and timezone
OR line colour, width, and style (solid/dashed/dotted)
Toggle VWAP and Volume confluence; volume MA length and surge multiplier
Optional "require full confluence to fire"
Dashboard position and reversal visibility

Built-in Alerts
ORB Breakout Up / Down (confirmed)
ORB Reversal Up / Down

How to use
Apply on a 1–5 min chart so the opening range has enough bars. Use grade A/B setups in the direction of VWAP for the strongest breakouts, and watch Rev signals for failed-breakout fades back into the range.

Notes
This script is for education and analysis only. It is not financial advice — always confirm signals with your own risk management. Signals confirm on bar close and do not repaint.

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.

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Haftungsausschluss

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Open-source Skript

girishtradesltx