ORB Confluence Pro

ORB Confluence Pro [5/15/30] — Opening Range Breakout with VWAP + Volume Grading

Overview
ORB Confluence Pro is a complete intraday Opening Range Breakout toolkit. It draws the day's opening range (5, 15, or 30 min), flags confirmed breakouts with an A/B/C quality grade, and detects ORB rejection reversals at the range edges — all restricted to the current session only so your chart stays clean.

What it does

Opening Range — Builds the OR from the first 5/15/30 minutes of the regular session, then locks and plots the high/low lines and range box.
2-Candle Breakout Confirmation — A breakout is only signalled when price crosses the OR edge and a following candle pushes further in the same direction (beyond the crossing candle). This reduces false pokes and wick fakeouts.
A/B/C Grading with Confluence — Every breakout is graded on VWAP alignment and a volume surge vs. its moving average:
- A = breakout + full confluence
- B = breakout + partial confluence
- C = breakout only
- Hover the label for a plain-language explanation of why it earned that grade.
ORB Rejection Reversals — Uses a 10% inner band at each edge. A same-colour trigger candle that tests the edge, followed by a confirming candle closing beyond its wick, prints a Rev ↑ / Rev ↓. Limited to one per swing to avoid noise.
Pullback Re-Entry — Re-arms breakout signals when price pulls back to the range and pushes out again.
Today-Only Drawings — All lines, boxes, and markers reset each new session and auto-carry the last valid session across weekends/holidays.
Status Dashboard — Live table showing OR High/Low, directional bias, VWAP position, and volume state.

Key Settings

OR duration (5/15/30), session, and timezone
OR line colour, width, and style (solid/dashed/dotted)
Toggle VWAP and Volume confluence; volume MA length and surge multiplier
Optional "require full confluence to fire"
Dashboard position and reversal visibility

Built-in Alerts
ORB Breakout Up / Down (confirmed)
ORB Reversal Up / Down

How to use
Apply on a 1–5 min chart so the opening range has enough bars. Use grade A/B setups in the direction of VWAP for the strongest breakouts, and watch Rev signals for failed-breakout fades back into the range.

Notes
This script is for education and analysis only. It is not financial advice — always confirm signals with your own risk management. Signals confirm on bar close and do not repaint.

Skrypt open-source

W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.

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Skrypt open-source

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