OPEN-SOURCE SCRIPT
Multi-ORB [4 Sessions]
The Multi-ORB indicator is a highly customizable tool designed for day traders who rely on Opening Range Breakout strategies to capture early momentum. This script allows you to plot up to four distinct Opening Range sessions on a single chart, making it easy to monitor multiple timeframes (such as the 5-minute, 15-minute, 30-minute, and 60-minute ORBs) simultaneously without cluttering your workspace.
Perfect for trading the New York open in equity indices and futures markets (like the Nasdaq or S&P 500), this indicator locks to "America/New_York" time, ensuring your opening ranges are always accurate regardless of your local timezone.
Key Features:
4 Independent ORBs: Toggle up to four separate opening ranges on or off. Fully customize the start and end times for each session.
Midline Tracking: Automatically calculates and plots the exact midline (50% level) for every active ORB, providing an essential pivot point for intraday price action.
Two-Tone Gradient Fills: Features a visually clean, dual-gradient background fill. The upper zone (High to Midline) and lower zone (Midline to Low) can be colored independently to help you instantly visualize bullish versus bearish positioning within the range.
Full Aesthetic Control: Easily adjust the colors, transparency, line styles (solid, dashed, dotted), and line thickness directly from the indicator settings to fit your personal charting theme.
Clean Overlaps: Gradient transparencies are optimized so that multiple ORB zones can overlap seamlessly, highlighting confluence areas where multiple timeframes align.
Whether you use the opening range for breakout entries, stop-loss placement, or identifying key intraday support and resistance, this indicator provides a clean, all-in-one visual solution.
Perfect for trading the New York open in equity indices and futures markets (like the Nasdaq or S&P 500), this indicator locks to "America/New_York" time, ensuring your opening ranges are always accurate regardless of your local timezone.
Key Features:
4 Independent ORBs: Toggle up to four separate opening ranges on or off. Fully customize the start and end times for each session.
Midline Tracking: Automatically calculates and plots the exact midline (50% level) for every active ORB, providing an essential pivot point for intraday price action.
Two-Tone Gradient Fills: Features a visually clean, dual-gradient background fill. The upper zone (High to Midline) and lower zone (Midline to Low) can be colored independently to help you instantly visualize bullish versus bearish positioning within the range.
Full Aesthetic Control: Easily adjust the colors, transparency, line styles (solid, dashed, dotted), and line thickness directly from the indicator settings to fit your personal charting theme.
Clean Overlaps: Gradient transparencies are optimized so that multiple ORB zones can overlap seamlessly, highlighting confluence areas where multiple timeframes align.
Whether you use the opening range for breakout entries, stop-loss placement, or identifying key intraday support and resistance, this indicator provides a clean, all-in-one visual solution.
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.