OPEN-SOURCE SCRIPT
Updated ORB High/Low + Fibonacci Targets
Short Description
A Opening Range Breakout indicator that plots today’s ORB high/low, Fibonacci-based ORB targets.
Full TradingView Description
ORB High/Low + Fibonacci Targets is a simple intraday Opening Range Breakout indicator designed for traders who use the first few minutes of the session to define market bias, breakout levels, and measured-move targets.
The indicator calculates the opening range using a fixed 1-minute internal calculation for accuracy, then plots clean horizontal levels for the current session’s ORB High and ORB Low. It also adds Fibonacci-based expansion targets above and below the range.
Key Features
Opening Range High and Low
Plots the session’s ORB High and ORB Low as horizontal lines.
Useful for identifying breakout, breakdown, and retest zones.
Multiple ORB Duration Options
Choose from:
1m
2m
3m
5m
15m
30m
1h
4h
Session Presets
NYSE RTH: 09:30–16:00
Futures RTH: 09:30–16:15
Futures ETH: 18:00–17:00
Custom session option
Fibonacci ORB Targets
T1 = 0.618 × ORB range
T2 = 1.0 × ORB range
T3 = 1.618 × ORB range
T4 = 2.618 × ORB range
Targets Above and Below ORB
Both bullish and bearish expansion levels are labeled as T1, T2, T3, and T4.
How To Use
A common ORB trading approach is:
Let the opening range complete.
Watch for price to break above ORB High or below ORB Low.
Use ORB High/Low as breakout and retest zones.
Use Fibonacci targets as potential profit-taking levels.
Example bullish setup:
Price breaks above ORB High.
Price holds ORB High on a retest.
Targets can be T1, T2, T3, and T4.
Example bearish setup:
Price breaks below ORB Low.
Price rejects ORB Low on a retest.
Downside targets can be T1, T2, T3, and T4.
Recommended Settings
For stocks and ETFs:
Session: NYSE RTH 09:30–16:00
ORB Duration: 5m or 15m
Show ORB Sessions: Today only
Show Fibonacci Targets: Enabled
For futures:
Session: Futures RTH or ETH depending on your strategy
ORB Duration: 5m, 15m, or 30m
Notes
This indicator is designed for intraday timeframes only. It automatically avoids plotting on daily or higher timeframes.
The opening range is calculated internally using 1-minute data for better precision across intraday charts.
Disclaimer
This indicator is for educational and informational purposes only. It does not provide financial advice, buy/sell recommendations, or guaranteed trading signals. Always use proper risk management and combine this tool with your own trading plan. Markets can move fast — especially around the open — so trade responsibly.
A Opening Range Breakout indicator that plots today’s ORB high/low, Fibonacci-based ORB targets.
Full TradingView Description
ORB High/Low + Fibonacci Targets is a simple intraday Opening Range Breakout indicator designed for traders who use the first few minutes of the session to define market bias, breakout levels, and measured-move targets.
The indicator calculates the opening range using a fixed 1-minute internal calculation for accuracy, then plots clean horizontal levels for the current session’s ORB High and ORB Low. It also adds Fibonacci-based expansion targets above and below the range.
Key Features
Opening Range High and Low
Plots the session’s ORB High and ORB Low as horizontal lines.
Useful for identifying breakout, breakdown, and retest zones.
Multiple ORB Duration Options
Choose from:
1m
2m
3m
5m
15m
30m
1h
4h
Session Presets
NYSE RTH: 09:30–16:00
Futures RTH: 09:30–16:15
Futures ETH: 18:00–17:00
Custom session option
Fibonacci ORB Targets
T1 = 0.618 × ORB range
T2 = 1.0 × ORB range
T3 = 1.618 × ORB range
T4 = 2.618 × ORB range
Targets Above and Below ORB
Both bullish and bearish expansion levels are labeled as T1, T2, T3, and T4.
How To Use
A common ORB trading approach is:
Let the opening range complete.
Watch for price to break above ORB High or below ORB Low.
Use ORB High/Low as breakout and retest zones.
Use Fibonacci targets as potential profit-taking levels.
Example bullish setup:
Price breaks above ORB High.
Price holds ORB High on a retest.
Targets can be T1, T2, T3, and T4.
Example bearish setup:
Price breaks below ORB Low.
Price rejects ORB Low on a retest.
Downside targets can be T1, T2, T3, and T4.
Recommended Settings
For stocks and ETFs:
Session: NYSE RTH 09:30–16:00
ORB Duration: 5m or 15m
Show ORB Sessions: Today only
Show Fibonacci Targets: Enabled
For futures:
Session: Futures RTH or ETH depending on your strategy
ORB Duration: 5m, 15m, or 30m
Notes
This indicator is designed for intraday timeframes only. It automatically avoids plotting on daily or higher timeframes.
The opening range is calculated internally using 1-minute data for better precision across intraday charts.
Disclaimer
This indicator is for educational and informational purposes only. It does not provide financial advice, buy/sell recommendations, or guaranteed trading signals. Always use proper risk management and combine this tool with your own trading plan. Markets can move fast — especially around the open — so trade responsibly.
Release Notes
Short DescriptionA Opening Range Breakout indicator that plots today’s ORB high/low, Fibonacci-based ORB targets.
Full TradingView Description
ORB High/Low + Fibonacci Targets is a simple intraday Opening Range Breakout indicator designed for traders who use the first few minutes of the session to define market bias, breakout levels, and measured-move targets.
The indicator calculates the opening range using a fixed 1-minute internal calculation for accuracy, then plots clean horizontal levels for the current session’s ORB High and ORB Low. It also adds Fibonacci-based expansion targets above and below the range.
Key Features
Opening Range High and Low
Plots the session’s ORB High and ORB Low as horizontal lines.
Useful for identifying breakout, breakdown, and retest zones.
Multiple ORB Duration Options
Choose from:
1m
2m
3m
5m
15m
30m
1h
4h
Session Presets
NYSE RTH: 09:30–16:00
Futures RTH: 09:30–16:15
Futures ETH: 18:00–17:00
Custom session option
Fibonacci ORB Targets
T1 = 0.618 × ORB range
T2 = 1.0 × ORB range
T3 = 1.618 × ORB range
T4 = 2.618 × ORB range
Targets Above and Below ORB
Both bullish and bearish expansion levels are labeled as T1, T2, T3, and T4.
How To Use
A common ORB trading approach is:
Let the opening range complete.
Watch for price to break above ORB High or below ORB Low.
Use ORB High/Low as breakout and retest zones.
Use Fibonacci targets as potential profit-taking levels.
Example bullish setup:
Price breaks above ORB High.
Price holds ORB High on a retest.
Targets can be T1, T2, T3, and T4.
Example bearish setup:
Price breaks below ORB Low.
Price rejects ORB Low on a retest.
Downside targets can be T1, T2, T3, and T4.
Recommended Settings
For stocks and ETFs:
Session: NYSE RTH 09:30–16:00
ORB Duration: 5m or 15m
Show ORB Sessions: Today only
Show Fibonacci Targets: Enabled
For futures:
Session: Futures RTH or ETH depending on your strategy
ORB Duration: 5m, 15m, or 30m
Notes
This indicator is designed for intraday timeframes only. It automatically avoids plotting on daily or higher timeframes.
The opening range is calculated internally using 1-minute data for better precision across intraday charts.
Disclaimer
This indicator is for educational and informational purposes only. It does not provide financial advice, buy/sell recommendations, or guaranteed trading signals. Always use proper risk management and combine this tool with your own trading plan. Markets can move fast — especially around the open — so trade responsibly.
Release Notes
**UPDATE**Center Line - The center line marks the midpoint between the ORB High and ORB Low, calculated as (ORB High + ORB Low) / 2. It provides a clear reference for the middle of the Opening Range and helps identify whether price is trading in the upper or lower half of the range. This line is based on the Outer ORB range midpoint and remains independent of the Fibonacci target levels.
Release Notes
The center line marks the midpoint between the ORB High and ORB Low, calculated as (ORB High + ORB Low) / 2. It provides a clear reference for the middle of the Opening Range and helps identify whether price is trading in the upper or lower half of the range. This line is based on the Outer ORB range midpoint and remains independent of the Fibonacci target levels.Release Notes
**fixed center line Text**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.