OPEN-SOURCE SCRIPT
ORB
he ORB (Opening Range Breakout) indicator for TradingView is a trading tool that helps identify potential breakout opportunities based on the first set period of market activity, usually the first 15, 30, or 60 minutes after the market opens.
It works by plotting the high and low of the chosen opening range directly on your chart. Once price breaks above the high or below the low of that range, the indicator signals a possible directional move, helping traders catch early momentum in the session.
Traders use ORB to:
Identify intraday trend direction early
Catch breakout momentum trades
Set clear entry, stop-loss, and target zones
Avoid random trading by focusing only on structured moves after the open
In simple terms, it marks the “battle zone” at the start of the day—once price escapes that zone, it often signals which side (buyers or sellers) is taking control.
It’s especially popular in futures, forex, and stocks during high-volume market opens like the NYSE and NASDAQ sessions.
It works by plotting the high and low of the chosen opening range directly on your chart. Once price breaks above the high or below the low of that range, the indicator signals a possible directional move, helping traders catch early momentum in the session.
Traders use ORB to:
Identify intraday trend direction early
Catch breakout momentum trades
Set clear entry, stop-loss, and target zones
Avoid random trading by focusing only on structured moves after the open
In simple terms, it marks the “battle zone” at the start of the day—once price escapes that zone, it often signals which side (buyers or sellers) is taking control.
It’s especially popular in futures, forex, and stocks during high-volume market opens like the NYSE and NASDAQ sessions.
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.