OPEN-SOURCE SCRIPT
Multi-ORB [4 Sessions]
The Multi-ORB indicator is a highly customizable tool designed for day traders who rely on Opening Range Breakout strategies to capture early momentum. This script allows you to plot up to four distinct Opening Range sessions on a single chart, making it easy to monitor multiple timeframes (such as the 5-minute, 15-minute, 30-minute, and 60-minute ORBs) simultaneously without cluttering your workspace.
Perfect for trading the New York open in equity indices and futures markets (like the Nasdaq or S&P 500), this indicator locks to "America/New_York" time, ensuring your opening ranges are always accurate regardless of your local timezone.
Key Features:
4 Independent ORBs: Toggle up to four separate opening ranges on or off. Fully customize the start and end times for each session.
Midline Tracking: Automatically calculates and plots the exact midline (50% level) for every active ORB, providing an essential pivot point for intraday price action.
Two-Tone Gradient Fills: Features a visually clean, dual-gradient background fill. The upper zone (High to Midline) and lower zone (Midline to Low) can be colored independently to help you instantly visualize bullish versus bearish positioning within the range.
Full Aesthetic Control: Easily adjust the colors, transparency, line styles (solid, dashed, dotted), and line thickness directly from the indicator settings to fit your personal charting theme.
Clean Overlaps: Gradient transparencies are optimized so that multiple ORB zones can overlap seamlessly, highlighting confluence areas where multiple timeframes align.
Whether you use the opening range for breakout entries, stop-loss placement, or identifying key intraday support and resistance, this indicator provides a clean, all-in-one visual solution.
Perfect for trading the New York open in equity indices and futures markets (like the Nasdaq or S&P 500), this indicator locks to "America/New_York" time, ensuring your opening ranges are always accurate regardless of your local timezone.
Key Features:
4 Independent ORBs: Toggle up to four separate opening ranges on or off. Fully customize the start and end times for each session.
Midline Tracking: Automatically calculates and plots the exact midline (50% level) for every active ORB, providing an essential pivot point for intraday price action.
Two-Tone Gradient Fills: Features a visually clean, dual-gradient background fill. The upper zone (High to Midline) and lower zone (Midline to Low) can be colored independently to help you instantly visualize bullish versus bearish positioning within the range.
Full Aesthetic Control: Easily adjust the colors, transparency, line styles (solid, dashed, dotted), and line thickness directly from the indicator settings to fit your personal charting theme.
Clean Overlaps: Gradient transparencies are optimized so that multiple ORB zones can overlap seamlessly, highlighting confluence areas where multiple timeframes align.
Whether you use the opening range for breakout entries, stop-loss placement, or identifying key intraday support and resistance, this indicator provides a clean, all-in-one visual solution.
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.