OPEN-SOURCE SCRIPT
LK ORB Trend Fusion Pro
LK ORB Trend Fusion Pro
This indicator automatically captures the high and low of a user-defined Opening Range and projects those levels forward as dynamic support and resistance for the remainder of the trading session.
By default, the indicator is configured to use the 6:30 AM to 6:45 AM Pacific opening range, making it ideal for traders who focus on the first 15 minutes of the regular U.S. market session. However, all start and end times are fully customizable, allowing traders to adapt the tool to different markets, sessions, and trading styles.
How It Works
The indicator tracks price action during the selected time window and records:
• Opening Range High (Resistance)
• Opening Range Low (Support)
• Opening Range Midpoint (Equilibrium)
Once the time window closes, these levels are locked in and extended throughout the day, providing clear reference points for potential breakouts, breakdowns, retests, reversals, and profit targets.
How I Use It
Bullish Bias:
Price breaks and holds above the Opening Range High.
The Opening Range High can then act as support on pullbacks.
Strong continuation above this level may signal trend expansion.
Bearish Bias:
Price breaks and holds below the Opening Range Low.
The Opening Range Low can then act as resistance on retests.
Continued acceptance below the level may signal further downside momentum.
Midline Usage:
The midpoint represents equilibrium within the opening range.
Price above the midpoint generally favors buyers.
Price below the midpoint generally favors sellers.
Best Uses
Opening Range Breakout (ORB) trading
Intraday futures trading
Market structure analysis
Session bias determination
Support and resistance mapping
Retest and continuation setups
Customization
Users can fully customize:
Opening Range Start Time
Opening Range End Time
Line Colors
Line Width
Midline Visibility
This flexibility allows the indicator to be used on futures, stocks, forex, crypto, and international markets.
Notes
No indicator should be used in isolation. For best results, combine Opening Range levels with trend analysis, volume, market structure, and risk management principles.
The goal of this tool is to provide clean, objective session levels that help traders identify where the market is likely to make important decisions throughout the trading day.
This indicator automatically captures the high and low of a user-defined Opening Range and projects those levels forward as dynamic support and resistance for the remainder of the trading session.
By default, the indicator is configured to use the 6:30 AM to 6:45 AM Pacific opening range, making it ideal for traders who focus on the first 15 minutes of the regular U.S. market session. However, all start and end times are fully customizable, allowing traders to adapt the tool to different markets, sessions, and trading styles.
How It Works
The indicator tracks price action during the selected time window and records:
• Opening Range High (Resistance)
• Opening Range Low (Support)
• Opening Range Midpoint (Equilibrium)
Once the time window closes, these levels are locked in and extended throughout the day, providing clear reference points for potential breakouts, breakdowns, retests, reversals, and profit targets.
How I Use It
Bullish Bias:
Price breaks and holds above the Opening Range High.
The Opening Range High can then act as support on pullbacks.
Strong continuation above this level may signal trend expansion.
Bearish Bias:
Price breaks and holds below the Opening Range Low.
The Opening Range Low can then act as resistance on retests.
Continued acceptance below the level may signal further downside momentum.
Midline Usage:
The midpoint represents equilibrium within the opening range.
Price above the midpoint generally favors buyers.
Price below the midpoint generally favors sellers.
Best Uses
Opening Range Breakout (ORB) trading
Intraday futures trading
Market structure analysis
Session bias determination
Support and resistance mapping
Retest and continuation setups
Customization
Users can fully customize:
Opening Range Start Time
Opening Range End Time
Line Colors
Line Width
Midline Visibility
This flexibility allows the indicator to be used on futures, stocks, forex, crypto, and international markets.
Notes
No indicator should be used in isolation. For best results, combine Opening Range levels with trend analysis, volume, market structure, and risk management principles.
The goal of this tool is to provide clean, objective session levels that help traders identify where the market is likely to make important decisions throughout the trading day.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.