OPEN-SOURCE SCRIPT
CandelaCharts - ORB Model
📝 Overview
The CandelaCharts - ORB Model is a sophisticated intraday trading indicator designed to capture explosive moves based on the Opening Range Breakout (ORB) combined with ICT Session Profiles. By dynamically projecting standard deviations from a defined session range and tracking critical liquidity sweeps, this tool pinpoints high-probability entry signals when market structure shifts (CHoCH).
📦 Features
⚙️ Settings
⚡️ Showcase
Bullish Model
Bearish Model
🚨 Alerts
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
The CandelaCharts - ORB Model is a sophisticated intraday trading indicator designed to capture explosive moves based on the Opening Range Breakout (ORB) combined with ICT Session Profiles. By dynamically projecting standard deviations from a defined session range and tracking critical liquidity sweeps, this tool pinpoints high-probability entry signals when market structure shifts (CHoCH).
📦 Features
- Session Range & Standard Deviations: Automatically plots a customizable trading session and projects standard deviation levels (0, 0.5, 1, 1.5, 2) from the initial range to act as dynamic support, resistance, and take-profit targets.
- Liquidity Sweep Context: Tracks when the price sweeps a previous session's high or low, establishing the fundamental bias required for a reversal or continuation.
- Market Structure Shifts (CHoCH): Utilizes a responsive pivot-based algorithm to identify immediate changes in character, printing precise signal markers when aligned with the sweep context.
- Multi-Condition Signals: Generates bullish and bearish signals based on ORB breakouts, ORB boundary rejections, and ORB mean crossovers.
- Intraday Precision: Built-in timeframe protection limits the indicator to a maximum of 30 minutes to ensure maximum accuracy on intraday charts.
⚙️ Settings
- Session Window: Configure the specific timeframe (Timezone and Hours) to establish the initial Opening Range.
- Extend Lines: Optionally extend the projected ORB deviation lines until NY Midnight or the Full Day.
- Visual Formatting: Fully customizable colors for session zones, standard deviation levels, CHoCH labels, and signal markers. All titles and inputs are cleanly formatted for a premium user experience.
⚡️ Showcase
Bullish Model
Bearish Model
🚨 Alerts
- Condition Alerts: Set up standard alerts using the built-in "Bullish ORB Signal" and "Bearish ORB Signal" conditions.
- Dynamic Alert Messages: The script natively supports TradingView's `alert()` function to provide highly specific dynamic notifications on candle close. Depending on the setup, it will send precise messages like "Bullish Breakout Signal", "Bearish Rejection Signal", or "Bullish Mean Signal". Choose "Any alert() function call" when creating an alert to use this feature.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
🔵 Tools that give you the edge: candelacharts.com/.
🔵 Join our free discord for updates: candelacharts.com/community
🔵 Join our free discord for updates: candelacharts.com/community
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
🔵 Tools that give you the edge: candelacharts.com/.
🔵 Join our free discord for updates: candelacharts.com/community
🔵 Join our free discord for updates: candelacharts.com/community
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.