OPEN-SOURCE SCRIPT
ORB Windows
A clean, fully configurable Opening Range Breakout indicator with up to three simultaneous time windows. This script lets you define your own windows. Set them to whatever your session or strategy calls for.
Three configurable windows
Each window tracks its own high and low independently. Window 1 defaults to 5 minutes, Window 2 to 15 minutes, Window 3 to 60 minutes (hidden by default). Set any window to whatever range you want. Lines are visually differentiated: W1 is solid, W2 is dashed, W3 is dotted.
Break and confirm markers
Two signals per level, per window:
Filtering on close confirmation reduces noise from wicks and fakeouts.
Range label
When each window locks in, a label shows the high, low, and range size in both points and percentage. Useful for quickly assessing whether the ORB is tight or wide before deciding how to trade the break.
Formation window highlight
A subtle background color marks the W1 formation period so you can see exactly which candles built the range.
12 alert conditions
Four per window: break above, break below, close above, close below. Wire them up however your workflow calls for.
Settings
Designed for intraday use. Works on any liquid instrument with a defined regular session.
Three configurable windows
Each window tracks its own high and low independently. Window 1 defaults to 5 minutes, Window 2 to 15 minutes, Window 3 to 60 minutes (hidden by default). Set any window to whatever range you want. Lines are visually differentiated: W1 is solid, W2 is dashed, W3 is dotted.
Break and confirm markers
Two signals per level, per window:
- Small triangle — price ticked through the level (break)
- Larger triangle — candle closed through the level (confirmation)
Filtering on close confirmation reduces noise from wicks and fakeouts.
Range label
When each window locks in, a label shows the high, low, and range size in both points and percentage. Useful for quickly assessing whether the ORB is tight or wide before deciding how to trade the break.
Formation window highlight
A subtle background color marks the W1 formation period so you can see exactly which candles built the range.
12 alert conditions
Four per window: break above, break below, close above, close below. Wire them up however your workflow calls for.
Settings
- ORB Windows: set the duration (in minutes) for each of the three windows
- Visibility: toggle each window, markers, range label, and formation highlight independently
- Colors: fully customizable per window
Designed for intraday use. Works on any liquid instrument with a defined regular session.
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.