OPEN-SOURCE SCRIPT
ORB Readiness Plus
ORB Readiness Plus is an Opening Range Breakout decision-support indicator that tracks ORB breaks, retests, reclaims, midline reactions, and trade-quality context.
Unlike a basic ORB tool that only plots the high and low of the opening range, this script also evaluates whether the price is continuing a breakout, failing a breakout, reclaiming the ORB, or reacting from the ORB midline.
Features include ORB high/low/midline plotting, bullish and bearish close-break detection, edge retest tracking, reclaim warning and confirmation logic, midline reaction logic, VWAP alignment, HTF EMA bias, EMA slope, volume confirmation, ORB/ATR range quality, measured-move target guide, dashboard scoring, alerts, and clean triangle markers.
The goal is to help traders quickly answer:
• Has the ORB been set?
• Did price break the range with a close?
• Is the move continuing or reclaiming?
• Did price retest the ORB edge or react from the midline?
• Is the setup aligned with VWAP, trend, volume, and range quality?
Signal guide:
▲Green triangle = Long entry condition
▼ Red triangle = Short entry condition
▲ Orange triangle = Best setup condition
▲ / ▼ Small yellow triangle = Optional reclaim warning/context signal
▲ / ▼ Small gray triangle = Optional ORB midline reaction signal
This script is best used on intraday charts such as 1-minute, 3-minute, or 5-minute timeframes. It is intended for discretionary ORB traders who want a cleaner structure and context, not automatic buy or sell calls.
This indicator is for education and decision support only. It does not guarantee results. Always use proper risk management and test before using in live trading.
Unlike a basic ORB tool that only plots the high and low of the opening range, this script also evaluates whether the price is continuing a breakout, failing a breakout, reclaiming the ORB, or reacting from the ORB midline.
Features include ORB high/low/midline plotting, bullish and bearish close-break detection, edge retest tracking, reclaim warning and confirmation logic, midline reaction logic, VWAP alignment, HTF EMA bias, EMA slope, volume confirmation, ORB/ATR range quality, measured-move target guide, dashboard scoring, alerts, and clean triangle markers.
The goal is to help traders quickly answer:
• Has the ORB been set?
• Did price break the range with a close?
• Is the move continuing or reclaiming?
• Did price retest the ORB edge or react from the midline?
• Is the setup aligned with VWAP, trend, volume, and range quality?
Signal guide:
▲Green triangle = Long entry condition
▼ Red triangle = Short entry condition
▲ Orange triangle = Best setup condition
▲ / ▼ Small yellow triangle = Optional reclaim warning/context signal
▲ / ▼ Small gray triangle = Optional ORB midline reaction signal
This script is best used on intraday charts such as 1-minute, 3-minute, or 5-minute timeframes. It is intended for discretionary ORB traders who want a cleaner structure and context, not automatic buy or sell calls.
This indicator is for education and decision support only. It does not guarantee results. Always use proper risk management and test before using in live trading.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.