OPEN-SOURCE SCRIPT
Salil1980 SenSex 5m ORB Breakouts
The SenSex 5m ORB Breakout is a dedicated intraday trading indicator built specifically for the Sensex index. It integrates Opening Range Breakout (ORB) mechanics with VWAP and RSI momentum filters, providing traders with precise, automated entry signals.
Key Features:
5-Minute ORB Logic: Automatically identifies and plots the high and low of the first 5 minutes of the trading session, capturing the day's initial momentum.
VWAP & RSI Trend Confirmation: Generates actionable BUY and SELL signals only when price crosses the 1-minute VWAP in alignment with RSI momentum (RSI > 50 for buys, RSI < 50 for sells).
POC Integration: Features real-time visual tracking of Daily, 4-hour, and Weekly Points of Control (POC), offering essential support and resistance context.
Visual Clarity: Includes clear on-chart labeling for breakouts and signals, with background trend shading to help traders stay on the right side of the market.
Clean UI: Designed with high-contrast, professional styling for quick decision-making during high-volatility sessions.
How to Use:
Best utilized on the 1-minute timeframe for optimal signal precision.
Look for the ORB label to identify immediate breakout opportunities.
Use the BUY/SELL labels as entry triggers when the overall trend background (Green/Red) aligns with your direction.
Key Features:
5-Minute ORB Logic: Automatically identifies and plots the high and low of the first 5 minutes of the trading session, capturing the day's initial momentum.
VWAP & RSI Trend Confirmation: Generates actionable BUY and SELL signals only when price crosses the 1-minute VWAP in alignment with RSI momentum (RSI > 50 for buys, RSI < 50 for sells).
POC Integration: Features real-time visual tracking of Daily, 4-hour, and Weekly Points of Control (POC), offering essential support and resistance context.
Visual Clarity: Includes clear on-chart labeling for breakouts and signals, with background trend shading to help traders stay on the right side of the market.
Clean UI: Designed with high-contrast, professional styling for quick decision-making during high-volatility sessions.
How to Use:
Best utilized on the 1-minute timeframe for optimal signal precision.
Look for the ORB label to identify immediate breakout opportunities.
Use the BUY/SELL labels as entry triggers when the overall trend background (Green/Red) aligns with your direction.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.