OPEN-SOURCE SCRIPT
Ultimate Multi-Timeframe ORB Suite
Ultimate Multi-Timeframe ORB Suite
The Ultimate Multi-Timeframe ORB Suite brings institutional-style Opening Range Breakout analysis to any market and any timeframe.
Unlike traditional ORB indicators that are limited to the opening bell, this indicator allows traders to define their own "opening range" inside virtually any higher timeframe, making it ideal for crypto, stocks, forex, and futures markets.
---
## Key Features
### Multi-Timeframe ORB Engine
Choose any parent timeframe:
• 15m
• 30m
• 1H
• 2H
• 4H
• Daily
• Weekly
The indicator automatically detects the start of each new higher timeframe candle and builds a custom Opening Range.
---
### Custom Opening Range Duration
Define exactly how long the opening range should last:
• 5 Minutes
• 10 Minutes
• 15 Minutes
• 30 Minutes
• 45 Minutes
• 1 Hour
• Or any custom duration
Examples:
• 4H candle with first 15 minutes as the ORB.
• Daily candle with first 1 hour as the ORB.
• Weekly candle with first 4 hours as the ORB.
This transforms the classic Opening Range Breakout concept into a continuous volatility expansion tool.
---
## Dynamic OR Levels
The indicator automatically plots:
✓ OR High
✓ OR Low
✓ Optional Midline
✓ Shaded Opening Range Zone
Levels extend forward throughout the active cycle, providing clear areas of support and resistance.
---
## Smart Breakout Detection
Bullish breakout:
Price closes above the OR High.
Bearish breakout:
Price closes below the OR Low.
Signals are only generated once per breakout to help reduce noise.
---
## Trend Filtering
Optional EMA trend filter allows traders to align breakouts with the prevailing trend.
Long signals:
Price above EMA.
Short signals:
Price below EMA.
EMA length is fully customizable.
---
## Volume Confirmation
Optional volume filter helps identify stronger momentum moves.
Breakouts are only confirmed when volume exceeds the moving average volume by a user-defined multiplier.
This helps avoid many low-conviction breakouts.
---
## Signal Visualization
Bullish Breakouts:
▲ Green triangle below bars.
Bearish Breakouts:
▼ Red triangle above bars.
Designed to provide clear entries without cluttering the chart.
---
## Real-Time Statistics Dashboard
Displays:
• Current OR High
• Current OR Low
The dashboard updates continuously and remains visible in the upper-right corner.
---
## Built-In Alerts
Create TradingView alerts for:
✓ Bullish ORB Breakout
✓ Bearish ORB Breakout
Alerts include the current symbol and trigger once per confirmed bar close.
---
## Markets
Designed for:
• Cryptocurrency
• Stocks
• Futures
• Forex
• Indices
Works especially well on:
• 1H ORBs
• 4H ORBs
• Daily ORBs
• Weekly ORBs
---
## Strategy Ideas
### Classic ORB
Breakout above OR High → Long
Breakout below OR Low → Short
---
### Trend-Following ORB
Combine with EMA filter to trade only in the direction of the dominant trend.
---
### Momentum ORB
Enable volume confirmation to focus on higher-quality expansions.
---
### Crypto 24/7 ORB
A popular setup:
Parent timeframe: 4H
Opening range duration: 15 minutes
Trend filter: 50 EMA
This approach effectively treats every new 4-hour candle as a fresh opportunity and can be used throughout the day, not just during traditional market opens.
---
The Ultimate Multi-Timeframe ORB Suite is built around one core principle:
**Volatility expands from balance.**
Instead of limiting Opening Range Breakouts to the opening bell, this indicator allows traders to capture volatility expansion anywhere, on any timeframe, in any market.
The Ultimate Multi-Timeframe ORB Suite brings institutional-style Opening Range Breakout analysis to any market and any timeframe.
Unlike traditional ORB indicators that are limited to the opening bell, this indicator allows traders to define their own "opening range" inside virtually any higher timeframe, making it ideal for crypto, stocks, forex, and futures markets.
---
## Key Features
### Multi-Timeframe ORB Engine
Choose any parent timeframe:
• 15m
• 30m
• 1H
• 2H
• 4H
• Daily
• Weekly
The indicator automatically detects the start of each new higher timeframe candle and builds a custom Opening Range.
---
### Custom Opening Range Duration
Define exactly how long the opening range should last:
• 5 Minutes
• 10 Minutes
• 15 Minutes
• 30 Minutes
• 45 Minutes
• 1 Hour
• Or any custom duration
Examples:
• 4H candle with first 15 minutes as the ORB.
• Daily candle with first 1 hour as the ORB.
• Weekly candle with first 4 hours as the ORB.
This transforms the classic Opening Range Breakout concept into a continuous volatility expansion tool.
---
## Dynamic OR Levels
The indicator automatically plots:
✓ OR High
✓ OR Low
✓ Optional Midline
✓ Shaded Opening Range Zone
Levels extend forward throughout the active cycle, providing clear areas of support and resistance.
---
## Smart Breakout Detection
Bullish breakout:
Price closes above the OR High.
Bearish breakout:
Price closes below the OR Low.
Signals are only generated once per breakout to help reduce noise.
---
## Trend Filtering
Optional EMA trend filter allows traders to align breakouts with the prevailing trend.
Long signals:
Price above EMA.
Short signals:
Price below EMA.
EMA length is fully customizable.
---
## Volume Confirmation
Optional volume filter helps identify stronger momentum moves.
Breakouts are only confirmed when volume exceeds the moving average volume by a user-defined multiplier.
This helps avoid many low-conviction breakouts.
---
## Signal Visualization
Bullish Breakouts:
▲ Green triangle below bars.
Bearish Breakouts:
▼ Red triangle above bars.
Designed to provide clear entries without cluttering the chart.
---
## Real-Time Statistics Dashboard
Displays:
• Current OR High
• Current OR Low
The dashboard updates continuously and remains visible in the upper-right corner.
---
## Built-In Alerts
Create TradingView alerts for:
✓ Bullish ORB Breakout
✓ Bearish ORB Breakout
Alerts include the current symbol and trigger once per confirmed bar close.
---
## Markets
Designed for:
• Cryptocurrency
• Stocks
• Futures
• Forex
• Indices
Works especially well on:
• 1H ORBs
• 4H ORBs
• Daily ORBs
• Weekly ORBs
---
## Strategy Ideas
### Classic ORB
Breakout above OR High → Long
Breakout below OR Low → Short
---
### Trend-Following ORB
Combine with EMA filter to trade only in the direction of the dominant trend.
---
### Momentum ORB
Enable volume confirmation to focus on higher-quality expansions.
---
### Crypto 24/7 ORB
A popular setup:
Parent timeframe: 4H
Opening range duration: 15 minutes
Trend filter: 50 EMA
This approach effectively treats every new 4-hour candle as a fresh opportunity and can be used throughout the day, not just during traditional market opens.
---
The Ultimate Multi-Timeframe ORB Suite is built around one core principle:
**Volatility expands from balance.**
Instead of limiting Opening Range Breakouts to the opening bell, this indicator allows traders to capture volatility expansion anywhere, on any timeframe, in any market.
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.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
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.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.