OPEN-SOURCE SCRIPT
Orange 30M ORB Indicator
Orange 30M ORB Indicator — Brief Description
The Orange 30M ORB Indicator identifies key market ranges by capturing the opening range high and low of selected trading sessions and displaying them inside an extended rectangle box with an optional 50% midpoint level.
After the range is established, the indicator monitors price for a confirmed breakout and highlights valid retest opportunities. A qualifying retest occurs when price returns to the breakout area — from the range boundary up to the breakout candle close — while confirming strength by keeping the candle body outside the original range.
All valid bullish and bearish retest candles are automatically colored orange for easy identification across supported timeframes.
Primary Features:
Multi-session opening range tracking
Extended range boxes with historical session display
Optional midpoint reference level
Bullish and bearish breakout/retest detection
Retests validated from range edge to breakout candle close
Orange candle highlighting for all qualifying setups
Adjustable sessions, timeframes, colors, and alerts
The purpose of this indicator is to help traders identify breakout continuation setups by marking important session liquidity zones and highlighting high-quality retests after price leaves the range.
The Orange 30M ORB Indicator identifies key market ranges by capturing the opening range high and low of selected trading sessions and displaying them inside an extended rectangle box with an optional 50% midpoint level.
After the range is established, the indicator monitors price for a confirmed breakout and highlights valid retest opportunities. A qualifying retest occurs when price returns to the breakout area — from the range boundary up to the breakout candle close — while confirming strength by keeping the candle body outside the original range.
All valid bullish and bearish retest candles are automatically colored orange for easy identification across supported timeframes.
Primary Features:
Multi-session opening range tracking
Extended range boxes with historical session display
Optional midpoint reference level
Bullish and bearish breakout/retest detection
Retests validated from range edge to breakout candle close
Orange candle highlighting for all qualifying setups
Adjustable sessions, timeframes, colors, and alerts
The purpose of this indicator is to help traders identify breakout continuation setups by marking important session liquidity zones and highlighting high-quality retests after price leaves the range.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.