OPEN-SOURCE SCRIPT
Updated ORB [SPX500] (Prism Style)
ORB Prism is a visually refined Opening Range Breakout indicator designed to turn early-session price action into a clear, structured trading framework.
The indicator captures the 08:00–08:30 New York session range and presents it as a shaded price zone, highlighting consolidation and defining key intraday structure. Instead of traditional static lines, the range is visualized as a dynamic zone with projected high and low “rails” and a central equilibrium spine.
Key Features:
• Structured ORB zone for instant visual clarity
• High/Low levels extended as directional rails
• Midline (equilibrium) for balance interpretation
• Clean, minimalist design focused on price structure
• Forward projection of key levels for intraday context
ORB Prism is built for traders who focus on session-based volatility, breakout timing, and clean price structure without unnecessary chart clutter.
The indicator captures the 08:00–08:30 New York session range and presents it as a shaded price zone, highlighting consolidation and defining key intraday structure. Instead of traditional static lines, the range is visualized as a dynamic zone with projected high and low “rails” and a central equilibrium spine.
Key Features:
• Structured ORB zone for instant visual clarity
• High/Low levels extended as directional rails
• Midline (equilibrium) for balance interpretation
• Clean, minimalist design focused on price structure
• Forward projection of key levels for intraday context
ORB Prism is built for traders who focus on session-based volatility, breakout timing, and clean price structure without unnecessary chart clutter.
Release Notes
*UPDATE*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.