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
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.