OPEN-SOURCE SCRIPT
ORB + Fib Breakout Signals (Strategy)
ORB + Fib Breakout Signals (Strategy)
An opening-range breakout (ORB) strategy combined with Fibonacci levels and a
defined risk model. It marks the session's opening range, goes long on a break
above the range high and short below the range low, then manages the trade with
an ATR-based stop, an R-multiple target, and an optional breakeven move.
How it works
- Opening range — builds the high/low of the first 15/30/60 minutes of your
chosen session (timezone configurable).
- Entry — long on a close (or wick) above the ORB high, short below the ORB low;
one signal per direction per day by default.
- Fib levels — plots the standard retracements (.236–.786) inside the range plus
the 1.272 / 1.618 extensions as reference targets.
- Risk model — stop by ATR (default), Fib 0.5, opposite side of the range, or
fixed ticks; target as a multiple of risk (default 2R); optional move to
breakeven after 1R.
- Optional filters — a higher-timeframe EMA trend filter and a scale-out that
books half at 1R and lets the remainder run.
- Daily guards — max entries per day, daily loss limit, optional daily profit
lock, and flat-at-session-close, for prop-style risk rules.
Inputs are grouped (Opening Range, Signals, Fibonacci, Trend Filter, Risk Model,
Daily Guards) so you can adapt it to any index future or timeframe.
Notes
- Commission and slippage are included in the defaults — set them in Properties
to match your broker before drawing conclusions.
- Performance varies with symbol, timeframe, and settings. Test on your own data
and forward-test on a simulator before trading it live.
- This is an educational tool, not financial advice. Past backtest results do
not guarantee future performance.
An opening-range breakout (ORB) strategy combined with Fibonacci levels and a
defined risk model. It marks the session's opening range, goes long on a break
above the range high and short below the range low, then manages the trade with
an ATR-based stop, an R-multiple target, and an optional breakeven move.
How it works
- Opening range — builds the high/low of the first 15/30/60 minutes of your
chosen session (timezone configurable).
- Entry — long on a close (or wick) above the ORB high, short below the ORB low;
one signal per direction per day by default.
- Fib levels — plots the standard retracements (.236–.786) inside the range plus
the 1.272 / 1.618 extensions as reference targets.
- Risk model — stop by ATR (default), Fib 0.5, opposite side of the range, or
fixed ticks; target as a multiple of risk (default 2R); optional move to
breakeven after 1R.
- Optional filters — a higher-timeframe EMA trend filter and a scale-out that
books half at 1R and lets the remainder run.
- Daily guards — max entries per day, daily loss limit, optional daily profit
lock, and flat-at-session-close, for prop-style risk rules.
Inputs are grouped (Opening Range, Signals, Fibonacci, Trend Filter, Risk Model,
Daily Guards) so you can adapt it to any index future or timeframe.
Notes
- Commission and slippage are included in the defaults — set them in Properties
to match your broker before drawing conclusions.
- Performance varies with symbol, timeframe, and settings. Test on your own data
and forward-test on a simulator before trading it live.
- This is an educational tool, not financial advice. Past backtest results do
not guarantee future performance.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.