OPEN-SOURCE SCRIPT
ORB Precision v1.0
ORB Precision is a Opening Range Breakout indicator designed primarily for 1-minute NQ and MNQ execution.
The indicator builds a selectable 15-, 30-, or 60-minute opening range, then waits for a confirmed higher-timeframe candle close outside the range. Instead of signaling the initial breakout, it waits for price to return to the broken ORB boundary and confirms the first valid retest.
Features include:
ORB High, Low, Midline, and shaded range
Bullish and bearish first-retest signals
Selectable breakout-confirmation timeframe
Optional bullish or bearish confirmation candle
One-signal-per-session control
Configurable signal cutoff
Live setup-status dashboard
ATR-based stop-distance and estimated dollar-risk display
Alerts for range completion, breakouts, and confirmed retests
ORB Precision is designed to encourage patience, reduce breakout chasing, and keep execution focused on one structured New York session opportunity.
For educational and analytical purposes only. This indicator does not execute trades or guarantee market outcomes.
The indicator builds a selectable 15-, 30-, or 60-minute opening range, then waits for a confirmed higher-timeframe candle close outside the range. Instead of signaling the initial breakout, it waits for price to return to the broken ORB boundary and confirms the first valid retest.
Features include:
ORB High, Low, Midline, and shaded range
Bullish and bearish first-retest signals
Selectable breakout-confirmation timeframe
Optional bullish or bearish confirmation candle
One-signal-per-session control
Configurable signal cutoff
Live setup-status dashboard
ATR-based stop-distance and estimated dollar-risk display
Alerts for range completion, breakouts, and confirmed retests
ORB Precision is designed to encourage patience, reduce breakout chasing, and keep execution focused on one structured New York session opportunity.
For educational and analytical purposes only. This indicator does not execute trades or guarantee market outcomes.
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.