OPEN-SOURCE SCRIPT
5-Min ORB - Globex / London / NY
Opening Range Breakout indicator tracking the first 5 minutes of Asia, London, and New York sessions with historical level retention.
Captures the high, low, and midpoint of the first 5-minute candle at each major session open; Asia (Globex), London, and New York and extends those levels across the chart as dynamic support and resistance.
Previous session levels are retained on the chart (up to 10) with progressive fading. The most recent prior session is lightly faded, older ones become increasingly transparent. This lets you see how current price interacts with ORB levels from prior days without cluttering the chart.
Captures the high, low, and midpoint of the first 5-minute candle at each major session open; Asia (Globex), London, and New York and extends those levels across the chart as dynamic support and resistance.
Previous session levels are retained on the chart (up to 10) with progressive fading. The most recent prior session is lightly faded, older ones become increasingly transparent. This lets you see how current price interacts with ORB levels from prior days without cluttering the chart.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.