ORB + Untested Levels

This comprehensive session-trading indicator is designed to help intraday traders map out institutional liquidity, define structural risk, and avoid low-probability market environments. By anchoring key Opening Range Breakout (ORB) zones and tracking unmitigated session levels, this script provides an objective framework for managing risk during volatile market opens.

Core Features
1. NY Morning ORB & Volatility Gauge (8:00 - 8:15 AM NY)
Plots the precise 8:00 AM - 8:15 AM New York Opening Range along with its structural Midpoint.

Dynamic Range Tracker: Instantly calculates and displays the exact point size of the ORB, allowing you to gauge initial morning volatility before the equities open.

2. Pre-Market "No Trade Zone" (NTZ)
Visually shades a No Trade Zone region to protect you from the treacherous choppy price action that often occurs during the pre-market lull.

This zone explicitly signals you to hold off on trading until the true institutional session volume enters the market at the 9:30 AM NY Equities Open.

3. Fully Customizable Session ORBs
Adapt to any trading schedule. You can independently toggle and customize Opening Ranges for multiple global sessions:

New York Session

Asia Session

Combined NY + Asia Overview

4. Untested Session Levels (Liquidity Pools)
Tracks unmitigated or "untested" historical session high/low levels that often act as powerful magnets for price.

Includes a customizable lookback period so you can decide how many past sessions to analyze for unreached liquidity.

5. Multi-Day Historical ORB Lookback
Keeps a historical lookback of the Previous Day ORBs (5 days by default) to help you see how price reacts to past structural zones.

Levels are cleanly extended to the right of your chart, serving as excellent support, resistance, or profit-taking targets for current intraday setups.

Nota Keluaran

Untested Levels: When untested lines are hit, they no longer immediately vanish. Instead, they freeze exactly where they were tested showing precisely when price action neutralized them and remain on the chart for the duration of the current trading day.

Open Markers: Added robust timezone-aware logic to calculate and render dashed horizontal lines originating exactly at the 12:00 AM EST True Day Open and 8:30 AM EST bar opens. These are toggleable and fully customizable via the indicator settings.

Nota Keluaran

This major update merges our signature visual layout with a robust, fully automated state machine to track both Key-Level Bounces and ORB Midpoint Reversals for both long and short setups. We’ve introduced strict candlestick color validation to the ORB logic, ensuring that a breakout is only armed if the candle retesting the midpoint shows inverse color confirmation (e.g., a bearish wick on a bullish breakout) followed by a final confirmation candle. The script now offers precision entry signals that reject off active Untested Highs and Lows while automatically limiting trades to once per day to prevent overtrading. To top it off, we've completed a massive aesthetic overhaul: untested session levels now default to a sleek, noise-reducing black, and the script plots distinct visual tags (like a yellow BO for breakouts, a purple M for midpoint tests, and green B or red S for entries) directly on your chart, all fully customizable via the new "Strategy Executions" toggles.

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Penafian

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thechadyogi