OPEN-SOURCE SCRIPT
Ultimate Multi-Timeframe ORB Suite
Ultimate Multi-Timeframe ORB Suite
The Ultimate Multi-Timeframe ORB Suite brings institutional-style Opening Range Breakout analysis to any market and any timeframe.
Unlike traditional ORB indicators that are limited to the opening bell, this indicator allows traders to define their own "opening range" inside virtually any higher timeframe, making it ideal for crypto, stocks, forex, and futures markets.
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## Key Features
### Multi-Timeframe ORB Engine
Choose any parent timeframe:
• 15m
• 30m
• 1H
• 2H
• 4H
• Daily
• Weekly
The indicator automatically detects the start of each new higher timeframe candle and builds a custom Opening Range.
---
### Custom Opening Range Duration
Define exactly how long the opening range should last:
• 5 Minutes
• 10 Minutes
• 15 Minutes
• 30 Minutes
• 45 Minutes
• 1 Hour
• Or any custom duration
Examples:
• 4H candle with first 15 minutes as the ORB.
• Daily candle with first 1 hour as the ORB.
• Weekly candle with first 4 hours as the ORB.
This transforms the classic Opening Range Breakout concept into a continuous volatility expansion tool.
---
## Dynamic OR Levels
The indicator automatically plots:
✓ OR High
✓ OR Low
✓ Optional Midline
✓ Shaded Opening Range Zone
Levels extend forward throughout the active cycle, providing clear areas of support and resistance.
---
## Smart Breakout Detection
Bullish breakout:
Price closes above the OR High.
Bearish breakout:
Price closes below the OR Low.
Signals are only generated once per breakout to help reduce noise.
---
## Trend Filtering
Optional EMA trend filter allows traders to align breakouts with the prevailing trend.
Long signals:
Price above EMA.
Short signals:
Price below EMA.
EMA length is fully customizable.
---
## Volume Confirmation
Optional volume filter helps identify stronger momentum moves.
Breakouts are only confirmed when volume exceeds the moving average volume by a user-defined multiplier.
This helps avoid many low-conviction breakouts.
---
## Signal Visualization
Bullish Breakouts:
▲ Green triangle below bars.
Bearish Breakouts:
▼ Red triangle above bars.
Designed to provide clear entries without cluttering the chart.
---
## Real-Time Statistics Dashboard
Displays:
• Current OR High
• Current OR Low
The dashboard updates continuously and remains visible in the upper-right corner.
---
## Built-In Alerts
Create TradingView alerts for:
✓ Bullish ORB Breakout
✓ Bearish ORB Breakout
Alerts include the current symbol and trigger once per confirmed bar close.
---
## Markets
Designed for:
• Cryptocurrency
• Stocks
• Futures
• Forex
• Indices
Works especially well on:
• 1H ORBs
• 4H ORBs
• Daily ORBs
• Weekly ORBs
---
## Strategy Ideas
### Classic ORB
Breakout above OR High → Long
Breakout below OR Low → Short
---
### Trend-Following ORB
Combine with EMA filter to trade only in the direction of the dominant trend.
---
### Momentum ORB
Enable volume confirmation to focus on higher-quality expansions.
---
### Crypto 24/7 ORB
A popular setup:
Parent timeframe: 4H
Opening range duration: 15 minutes
Trend filter: 50 EMA
This approach effectively treats every new 4-hour candle as a fresh opportunity and can be used throughout the day, not just during traditional market opens.
---
The Ultimate Multi-Timeframe ORB Suite is built around one core principle:
**Volatility expands from balance.**
Instead of limiting Opening Range Breakouts to the opening bell, this indicator allows traders to capture volatility expansion anywhere, on any timeframe, in any market.
The Ultimate Multi-Timeframe ORB Suite brings institutional-style Opening Range Breakout analysis to any market and any timeframe.
Unlike traditional ORB indicators that are limited to the opening bell, this indicator allows traders to define their own "opening range" inside virtually any higher timeframe, making it ideal for crypto, stocks, forex, and futures markets.
---
## Key Features
### Multi-Timeframe ORB Engine
Choose any parent timeframe:
• 15m
• 30m
• 1H
• 2H
• 4H
• Daily
• Weekly
The indicator automatically detects the start of each new higher timeframe candle and builds a custom Opening Range.
---
### Custom Opening Range Duration
Define exactly how long the opening range should last:
• 5 Minutes
• 10 Minutes
• 15 Minutes
• 30 Minutes
• 45 Minutes
• 1 Hour
• Or any custom duration
Examples:
• 4H candle with first 15 minutes as the ORB.
• Daily candle with first 1 hour as the ORB.
• Weekly candle with first 4 hours as the ORB.
This transforms the classic Opening Range Breakout concept into a continuous volatility expansion tool.
---
## Dynamic OR Levels
The indicator automatically plots:
✓ OR High
✓ OR Low
✓ Optional Midline
✓ Shaded Opening Range Zone
Levels extend forward throughout the active cycle, providing clear areas of support and resistance.
---
## Smart Breakout Detection
Bullish breakout:
Price closes above the OR High.
Bearish breakout:
Price closes below the OR Low.
Signals are only generated once per breakout to help reduce noise.
---
## Trend Filtering
Optional EMA trend filter allows traders to align breakouts with the prevailing trend.
Long signals:
Price above EMA.
Short signals:
Price below EMA.
EMA length is fully customizable.
---
## Volume Confirmation
Optional volume filter helps identify stronger momentum moves.
Breakouts are only confirmed when volume exceeds the moving average volume by a user-defined multiplier.
This helps avoid many low-conviction breakouts.
---
## Signal Visualization
Bullish Breakouts:
▲ Green triangle below bars.
Bearish Breakouts:
▼ Red triangle above bars.
Designed to provide clear entries without cluttering the chart.
---
## Real-Time Statistics Dashboard
Displays:
• Current OR High
• Current OR Low
The dashboard updates continuously and remains visible in the upper-right corner.
---
## Built-In Alerts
Create TradingView alerts for:
✓ Bullish ORB Breakout
✓ Bearish ORB Breakout
Alerts include the current symbol and trigger once per confirmed bar close.
---
## Markets
Designed for:
• Cryptocurrency
• Stocks
• Futures
• Forex
• Indices
Works especially well on:
• 1H ORBs
• 4H ORBs
• Daily ORBs
• Weekly ORBs
---
## Strategy Ideas
### Classic ORB
Breakout above OR High → Long
Breakout below OR Low → Short
---
### Trend-Following ORB
Combine with EMA filter to trade only in the direction of the dominant trend.
---
### Momentum ORB
Enable volume confirmation to focus on higher-quality expansions.
---
### Crypto 24/7 ORB
A popular setup:
Parent timeframe: 4H
Opening range duration: 15 minutes
Trend filter: 50 EMA
This approach effectively treats every new 4-hour candle as a fresh opportunity and can be used throughout the day, not just during traditional market opens.
---
The Ultimate Multi-Timeframe ORB Suite is built around one core principle:
**Volatility expands from balance.**
Instead of limiting Opening Range Breakouts to the opening bell, this indicator allows traders to capture volatility expansion anywhere, on any timeframe, in any market.
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.