OPEN-SOURCE SCRIPT
ORB Expansion Pro (Expansion Ranges and EER)
ORB Expansion Pro
Description
ORB Expansion Pro transforms the Opening Range Breakout from a simple breakout strategy into a complete market expansion framework.
Most ORB traders focus only on whether price breaks above or below the opening range. The problem is that a breakout alone provides no context about how far price is likely to travel or whether the move is already extended.
ORB Expansion Pro solves that problem by automatically calculating historical Opening Range statistics and projecting expansion levels based on real market behavior.
The indicator tracks Opening Range size, historical averages, expansion multiples, and expected range development to help traders evaluate opportunity, risk, and remaining session potential.
Key Features
✔ Automatic Opening Range calculations
✔ Historical average ORB analysis
✔ Expansion projections beyond the ORB
✔ Expected Expansion Range (EER) levels
✔ Session development tracking
✔ Objective profit target framework
✔ Visual expansion mapping directly on the chart
✔ Designed for futures, stocks, ETFs, and indexes
How Traders Use It
Identify unusually small or large opening ranges
Measure current expansion versus historical expectations
Set objective targets using expansion multiples
Evaluate whether a move is early, mature, or extended
Improve trade management and profit-taking decisions
Avoid chasing moves that have already exhausted expected range
Best Used With
ORB Dashboard Pro
Volume Profile
VWAP
Auction Market Theory
Market Structure Analysis
Real Trading. Real Testing. Real Results.
** Related Indicators from Traders Workshop
• ORB Expansion Pro
• ORB Dashboard Pro
• ORB Sessions
• Everex Lite
• Flow MA Cloud
Description
ORB Expansion Pro transforms the Opening Range Breakout from a simple breakout strategy into a complete market expansion framework.
Most ORB traders focus only on whether price breaks above or below the opening range. The problem is that a breakout alone provides no context about how far price is likely to travel or whether the move is already extended.
ORB Expansion Pro solves that problem by automatically calculating historical Opening Range statistics and projecting expansion levels based on real market behavior.
The indicator tracks Opening Range size, historical averages, expansion multiples, and expected range development to help traders evaluate opportunity, risk, and remaining session potential.
Key Features
✔ Automatic Opening Range calculations
✔ Historical average ORB analysis
✔ Expansion projections beyond the ORB
✔ Expected Expansion Range (EER) levels
✔ Session development tracking
✔ Objective profit target framework
✔ Visual expansion mapping directly on the chart
✔ Designed for futures, stocks, ETFs, and indexes
How Traders Use It
Identify unusually small or large opening ranges
Measure current expansion versus historical expectations
Set objective targets using expansion multiples
Evaluate whether a move is early, mature, or extended
Improve trade management and profit-taking decisions
Avoid chasing moves that have already exhausted expected range
Best Used With
ORB Dashboard Pro
Volume Profile
VWAP
Auction Market Theory
Market Structure Analysis
Real Trading. Real Testing. Real Results.
** Related Indicators from Traders Workshop
• ORB Expansion Pro
• ORB Dashboard Pro
• ORB Sessions
• Everex Lite
• Flow MA Cloud
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.