OPEN-SOURCE SCRIPT
jrhMultORBRevFade
Added Reverse/Fade Logic to the original.
2. One signal per direction per session — new toggle One Breakout Signal per Direction per Session (on by default). Once a direction fires once, it's locked out for the rest of that OR session even if price whipsaws back across the midline and re-breaks. Turn it off if you ever want the old repeated-signal behavior back.
3. Failed-ORB Reversal/Fade — new toggle Mark Failed-ORB Reversal / Fade at Opposite Level (on by default). After an RTF, the script watches the opposite OR boundary for the next touch:
Closes through it → REV (your checklist's 13A — fresh trade the other way)
Touches it but closes back inside → FADE (your checklist's 13B — range is holding)
Colors (revColor/fadeColor) and marker size are their own inputs, and it self-clears if a fresh breakout re-fires in the original direction before the reversal/fade plays out (so it doesn't linger and mislabel an unrelated later move).
2. One signal per direction per session — new toggle One Breakout Signal per Direction per Session (on by default). Once a direction fires once, it's locked out for the rest of that OR session even if price whipsaws back across the midline and re-breaks. Turn it off if you ever want the old repeated-signal behavior back.
3. Failed-ORB Reversal/Fade — new toggle Mark Failed-ORB Reversal / Fade at Opposite Level (on by default). After an RTF, the script watches the opposite OR boundary for the next touch:
Closes through it → REV (your checklist's 13A — fresh trade the other way)
Touches it but closes back inside → FADE (your checklist's 13B — range is holding)
Colors (revColor/fadeColor) and marker size are their own inputs, and it self-clears if a fresh breakout re-fires in the original direction before the reversal/fade plays out (so it doesn't linger and mislabel an unrelated later move).
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.