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Aktualisiert jrhMultORB
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jrhMultiORB — Info Table Reference Guide
A detailed explanation of every metric in the Info Table, what it measures, how to read the color coding, and how it connects to the Opening Range Breakout logic in this indicator.
ADX (Average Directional Index)
What it measures: Trend strength — how strong the current trend is, regardless of direction. It does not tell you whether price is going up or down, only how much conviction is behind whatever direction is currently winning.
How it's built: Derived from the same underlying calculation as +DI/−DI (see below), smoothed over the ADX Smoothing input (default 14). It reflects the spread between +DI and
−DI — the wider that spread, the higher ADX climbs.
How to read the value:
Range Meaning
Below 20 Weak or no trend — ranging, choppy conditions
20–25 A trend may be starting to build
Above 25 Strong trend in place
Above 50 Very strong trend (can also signal exhaustion at extremes)
Color coding: Red below 20, orange 20–25, green above 25 — based purely on the value, not its direction.
The arrow (▲/▼): Separate from the color. It compares this bar's ADX to the previous bar's ADX. ▲ means ADX is rising (trend strength building). ▼ means ADX is falling (trend strength fading) — even if the value is still technically "strong" by the color threshold. Strength and trajectory are independent: ADX can be green (strong) and falling (▼) at the same time, meaning a strong trend that is losing momentum.
Why it matters for your breakouts: A breakout that occurs while ADX is low or falling is more likely to be a low-conviction move that fails or reverses. A breakout with ADX rising through 20–25 has more evidence of real directional pressure behind it. This is what the optional "Filter Breakouts by ADX Strength" input (in the Breakout Signals group) uses to gate signals if you enable it.
+DI / −DI (Plus/Minus Directional Indicators)
What they measure: Which side — buyers or sellers — currently has the edge in recent price action.
• +DI (Plus Directional Indicator) = buying/upward pressure. Higher +DI means more of the recent directional movement has been to the upside.
• −DI (Minus Directional Indicator) = selling/downward pressure. Higher −DI means more of the recent directional movement has been to the downside.
Easy way to remember: the sign matches the direction — "plus" for up, "minus" for down. It has nothing to do with who is "buying" vs "selling" as market participants; it's purely about which direction has controlled more of the recent range.
How it's built: Both are calculated over the ADX/DMI Length input (default 14 bars) — a rolling read on directional movement, not a single-bar reading.
Color coding: Green (lime) when +DI is currently higher than −DI (buyers have the edge). Red when −DI is higher than +DI (sellers have the edge).
Reading it alongside ADX: +DI/−DI tells you which direction currently has the edge; ADX tells you how strong that edge is and whether it's building or fading. A market can show −DI leading (sellers ahead) while ADX is falling — this usually reads as a corrective pullback rather than a fresh, strengthening downtrend. If both −DI is leading AND ADX is rising, that's a more convincing case for real downside continuation.
RSI (Relative Strength Index)
What it measures: Momentum and speed — how fast and how far price has moved recently, on a 0–100 scale.
How to read the value:
Range Meaning
Above 70 Overbought — price has moved up quickly, may be due for a pause or pullback
30–70 Neutral zone
Below 30 Oversold — price has moved down quickly, may be due for a bounce
Color coding: Red above 70, green below 30, white in between.
Why it matters for your setup: RSI divergence (price makes a new high but RSI does not) near your TP target levels is one of the better early warnings that a reversal may be approaching at that level. It's also useful as a quick gut-check on whether a breakout is happening into already-stretched conditions (RSI near 70/30) versus fresh momentum from neutral territory.
ATR (Average True Range)
What it measures: The average size of price bars over the ATR Length input (default 14 bars) — essentially, "how big is a normal candle right now" in price units.
Why it's shown: ATR by itself isn't a directional signal — it's a yardstick. It gives context for judging whether the current Opening Range, or any individual candle, is wide or narrow relative to recent typical behavior. It's also the reference value used by two other things in this indicator: the Bar Range/ATR row below, and the optional Marker Offset (x ATR) setting that spaces breakout/retest labels away from the candle wicks.
Color coding: None — it's a raw reference number, not a signal.
Bar Range/ATR
What it measures: The current candle's total range (high − low) divided by ATR. In plain terms: how big is this specific candle compared to what's been normal lately.
How to read the value:
Ratio Meaning
~1.0x An average, ordinary candle
1.3x–2.0x Elevated — larger than normal, worth attention
2.0x+ Outsized/climactic candle
Color coding: Gray below 1.3x, orange 1.3x–2.0x, red at 2.0x and above.
Why this flags exhaustion, not just "a big move": A large candle represents a large amount of buying or selling effort concentrated into one bar. That effort has to be "paid for" — an outsized candle often absorbs several normal candles' worth of pressure in a single move, which can exhaust the pool of willing buyers or sellers in one shot. This is why breakouts or retests that occur on outsized-ATR candles are statistically more prone to failing or reversing shortly after — the move may already be running on borrowed momentum rather than the start of a durable trend.
Day Bias
What it measures: The directional bias of the current session's Opening Range midpoint compared to the previous session's Opening Range midpoint.
How it's determined: If this session's OR midpoint is higher than the prior session's, bias reads Bullish. If lower, Bearish. If unchanged, Neutral.
Color coding: Green for Bullish, red for Bearish, gray for Neutral.
Why it matters: This is the same value the optional "Daily Bias" breakout filter (in the Breakout Signals group) uses internally — when enabled, that filter withholds breakout signals that go against this bias until price reaches Target 1. Even if you don't use that filter, the Day Bias row gives you a quick read on the higher-timeframe lean without needing to compare sessions manually.
Dist. from ORH / Dist. from ORL
What they measure: How far current price is, as a percentage, from the Opening Range High (ORH) and Opening Range Low (ORL) — the two boundary lines of the shaded Opening Range box on the chart.
How to read it: A positive percentage means price is currently trading above that level. A negative percentage means price is trading below it. Since ORH sits above ORL, it's normal to see a small positive number on ORH and a larger positive number on ORL when price is inside or just above the range — both are measuring distance from the same current price to two different fixed reference levels.
Color coding: None — shown as plain values.
Why it matters: Gives you an at-a-glance read on how extended price is from the range without needing to eyeball the chart. It's especially useful right after a breakout, to gauge in real time whether price is holding well above/below the broken level or drifting back toward a retest.
Summary
1. Start with ADX — is there a real trend right now, and is it strengthening or fading?
2. Check +DI/−DI — which side currently has the edge?
3. Cross-check with RSI — is that move already stretched (near 70/30), or does it have room to run?
4. Glance at Bar Range/ATR — is the most recent candle abnormally large? If so, treat any breakout/retest on it with extra skepticism.
5. Confirm with Day Bias — does the higher-timeframe lean agree with what the shorter-term readings are showing?
6. Use Dist. from ORH/ORL — for a quick sense of how far price has traveled from the original range boundaries.
No single row is meant to be read in isolation — the value of the table is in how the rows confirm or contradict each other.
jrhMultiORB — Info Table Reference Guide
A detailed explanation of every metric in the Info Table, what it measures, how to read the color coding, and how it connects to the Opening Range Breakout logic in this indicator.
ADX (Average Directional Index)
What it measures: Trend strength — how strong the current trend is, regardless of direction. It does not tell you whether price is going up or down, only how much conviction is behind whatever direction is currently winning.
How it's built: Derived from the same underlying calculation as +DI/−DI (see below), smoothed over the ADX Smoothing input (default 14). It reflects the spread between +DI and
−DI — the wider that spread, the higher ADX climbs.
How to read the value:
Range Meaning
Below 20 Weak or no trend — ranging, choppy conditions
20–25 A trend may be starting to build
Above 25 Strong trend in place
Above 50 Very strong trend (can also signal exhaustion at extremes)
Color coding: Red below 20, orange 20–25, green above 25 — based purely on the value, not its direction.
The arrow (▲/▼): Separate from the color. It compares this bar's ADX to the previous bar's ADX. ▲ means ADX is rising (trend strength building). ▼ means ADX is falling (trend strength fading) — even if the value is still technically "strong" by the color threshold. Strength and trajectory are independent: ADX can be green (strong) and falling (▼) at the same time, meaning a strong trend that is losing momentum.
Why it matters for your breakouts: A breakout that occurs while ADX is low or falling is more likely to be a low-conviction move that fails or reverses. A breakout with ADX rising through 20–25 has more evidence of real directional pressure behind it. This is what the optional "Filter Breakouts by ADX Strength" input (in the Breakout Signals group) uses to gate signals if you enable it.
+DI / −DI (Plus/Minus Directional Indicators)
What they measure: Which side — buyers or sellers — currently has the edge in recent price action.
• +DI (Plus Directional Indicator) = buying/upward pressure. Higher +DI means more of the recent directional movement has been to the upside.
• −DI (Minus Directional Indicator) = selling/downward pressure. Higher −DI means more of the recent directional movement has been to the downside.
Easy way to remember: the sign matches the direction — "plus" for up, "minus" for down. It has nothing to do with who is "buying" vs "selling" as market participants; it's purely about which direction has controlled more of the recent range.
How it's built: Both are calculated over the ADX/DMI Length input (default 14 bars) — a rolling read on directional movement, not a single-bar reading.
Color coding: Green (lime) when +DI is currently higher than −DI (buyers have the edge). Red when −DI is higher than +DI (sellers have the edge).
Reading it alongside ADX: +DI/−DI tells you which direction currently has the edge; ADX tells you how strong that edge is and whether it's building or fading. A market can show −DI leading (sellers ahead) while ADX is falling — this usually reads as a corrective pullback rather than a fresh, strengthening downtrend. If both −DI is leading AND ADX is rising, that's a more convincing case for real downside continuation.
RSI (Relative Strength Index)
What it measures: Momentum and speed — how fast and how far price has moved recently, on a 0–100 scale.
How to read the value:
Range Meaning
Above 70 Overbought — price has moved up quickly, may be due for a pause or pullback
30–70 Neutral zone
Below 30 Oversold — price has moved down quickly, may be due for a bounce
Color coding: Red above 70, green below 30, white in between.
Why it matters for your setup: RSI divergence (price makes a new high but RSI does not) near your TP target levels is one of the better early warnings that a reversal may be approaching at that level. It's also useful as a quick gut-check on whether a breakout is happening into already-stretched conditions (RSI near 70/30) versus fresh momentum from neutral territory.
ATR (Average True Range)
What it measures: The average size of price bars over the ATR Length input (default 14 bars) — essentially, "how big is a normal candle right now" in price units.
Why it's shown: ATR by itself isn't a directional signal — it's a yardstick. It gives context for judging whether the current Opening Range, or any individual candle, is wide or narrow relative to recent typical behavior. It's also the reference value used by two other things in this indicator: the Bar Range/ATR row below, and the optional Marker Offset (x ATR) setting that spaces breakout/retest labels away from the candle wicks.
Color coding: None — it's a raw reference number, not a signal.
Bar Range/ATR
What it measures: The current candle's total range (high − low) divided by ATR. In plain terms: how big is this specific candle compared to what's been normal lately.
How to read the value:
Ratio Meaning
~1.0x An average, ordinary candle
1.3x–2.0x Elevated — larger than normal, worth attention
2.0x+ Outsized/climactic candle
Color coding: Gray below 1.3x, orange 1.3x–2.0x, red at 2.0x and above.
Why this flags exhaustion, not just "a big move": A large candle represents a large amount of buying or selling effort concentrated into one bar. That effort has to be "paid for" — an outsized candle often absorbs several normal candles' worth of pressure in a single move, which can exhaust the pool of willing buyers or sellers in one shot. This is why breakouts or retests that occur on outsized-ATR candles are statistically more prone to failing or reversing shortly after — the move may already be running on borrowed momentum rather than the start of a durable trend.
Day Bias
What it measures: The directional bias of the current session's Opening Range midpoint compared to the previous session's Opening Range midpoint.
How it's determined: If this session's OR midpoint is higher than the prior session's, bias reads Bullish. If lower, Bearish. If unchanged, Neutral.
Color coding: Green for Bullish, red for Bearish, gray for Neutral.
Why it matters: This is the same value the optional "Daily Bias" breakout filter (in the Breakout Signals group) uses internally — when enabled, that filter withholds breakout signals that go against this bias until price reaches Target 1. Even if you don't use that filter, the Day Bias row gives you a quick read on the higher-timeframe lean without needing to compare sessions manually.
Dist. from ORH / Dist. from ORL
What they measure: How far current price is, as a percentage, from the Opening Range High (ORH) and Opening Range Low (ORL) — the two boundary lines of the shaded Opening Range box on the chart.
How to read it: A positive percentage means price is currently trading above that level. A negative percentage means price is trading below it. Since ORH sits above ORL, it's normal to see a small positive number on ORH and a larger positive number on ORL when price is inside or just above the range — both are measuring distance from the same current price to two different fixed reference levels.
Color coding: None — shown as plain values.
Why it matters: Gives you an at-a-glance read on how extended price is from the range without needing to eyeball the chart. It's especially useful right after a breakout, to gauge in real time whether price is holding well above/below the broken level or drifting back toward a retest.
Summary
1. Start with ADX — is there a real trend right now, and is it strengthening or fading?
2. Check +DI/−DI — which side currently has the edge?
3. Cross-check with RSI — is that move already stretched (near 70/30), or does it have room to run?
4. Glance at Bar Range/ATR — is the most recent candle abnormally large? If so, treat any breakout/retest on it with extra skepticism.
5. Confirm with Day Bias — does the higher-timeframe lean agree with what the shorter-term readings are showing?
6. Use Dist. from ORH/ORL — for a quick sense of how far price has traveled from the original range boundaries.
No single row is meant to be read in isolation — the value of the table is in how the rows confirm or contradict each other.
Versionshinweise
Marked the Retest Candles as RTC Retest Continuation or RTF Retest FailedOpen-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.