OPEN-SOURCE SCRIPT
ORB + Fib Breakout Signals 1.0
Overview
ORB + Fib Breakout Signals 1.0 is a trading indicator designed to combine Opening Range Breakout (ORB) analysis with Fibonacci extension and retracement levels to identify high-probability trade opportunities. The script automatically plots key ORB levels, detects breakout conditions, and generates long and short trade signals when price confirms momentum beyond the opening range.
Features
Automatic Opening Range High and Low detection
Bullish and bearish breakout signals
Fibonacci retracement and extension levels
Visual buy and sell markers
Customizable session settings
Adjustable Fibonacci targets
Clear chart overlays for fast decision making
How It Works
The script defines the opening range during a user-selected session.
Once the range is established, it monitors price action for confirmed breakouts.
When price closes above the ORB high, a bullish signal may be generated.
When price closes below the ORB low, a bearish signal may be generated.
Fibonacci levels are used to identify potential profit targets, pullback zones, and areas of support or resistance.
Best Use Cases
Index Futures (NQ, ES, YM)
Forex Markets
Major Stock Indices
High Volume Equities
Intraday Momentum Trading
Risk Disclaimer
This indicator is intended for educational and informational purposes only. Trading involves substantial risk and no indicator can guarantee profits. Always use proper risk management, stop-loss protection, and independent analysis before entering any trade.
Version
Version 1.0
Created by Chad Lee
ORB + Fib Breakout Signals 1.0 is a trading indicator designed to combine Opening Range Breakout (ORB) analysis with Fibonacci extension and retracement levels to identify high-probability trade opportunities. The script automatically plots key ORB levels, detects breakout conditions, and generates long and short trade signals when price confirms momentum beyond the opening range.
Features
Automatic Opening Range High and Low detection
Bullish and bearish breakout signals
Fibonacci retracement and extension levels
Visual buy and sell markers
Customizable session settings
Adjustable Fibonacci targets
Clear chart overlays for fast decision making
How It Works
The script defines the opening range during a user-selected session.
Once the range is established, it monitors price action for confirmed breakouts.
When price closes above the ORB high, a bullish signal may be generated.
When price closes below the ORB low, a bearish signal may be generated.
Fibonacci levels are used to identify potential profit targets, pullback zones, and areas of support or resistance.
Best Use Cases
Index Futures (NQ, ES, YM)
Forex Markets
Major Stock Indices
High Volume Equities
Intraday Momentum Trading
Risk Disclaimer
This indicator is intended for educational and informational purposes only. Trading involves substantial risk and no indicator can guarantee profits. Always use proper risk management, stop-loss protection, and independent analysis before entering any trade.
Version
Version 1.0
Created by Chad Lee
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。