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ORB Trading Dashboard

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ORB Trading Dashboard is a multi-factor intraday decision-support indicator built for fast market context.
It combines opening range behavior, trend structure, momentum, volume, and key levels into a single table with a weighted directional bias.

Features

Multi-timeframe ORB Status (5m / 15m / 30m)
  • Location-based ORB logic after each window completes
  • Bullish above ORB high
  • Bearish below ORB low
  • Inside = price within range
  • Time gates:
    • 5m after 9:35 ET
    • 15m after 9:45 ET
    • 30m after 10:00 ET


Weighted Bias Model (max +/-21)
  • Converts multiple market factors into a single directional score
  • Bias states:
    • Strong Bull
    • Bullish
    • Lean Bull
    • Neutral
    • Lean Bear
    • Bearish
    • Strong Bear


EMA Trend Structure
  • Price vs Daily EMA 8 / 21 / 50 / 100 / 200
  • EMA stacking used to grade trend quality


VWAP Context with Volatility Bands
  • Session VWAP with SD1 / SD2 levels
  • Bias adjusts based on price relative to VWAP and SD1


Key Level Context
  • Yesterday high/low behavior
  • Premarket high/low behavior
  • Session position (top / mid / bottom of intraday range)


Higher Timeframe Directional Filter
  • Current week open status
  • Current month open status


Momentum & Participation
  • DMI / ADX direction and trend strength
  • Relative Volume (RVOL) confirmation or low-conviction penalty


Extension Awareness
  • ATR multiples from Daily EMA50 to identify trend health vs overextension


Practical Dashboard Metrics
  • LoD distance %
  • ATR / DTR %
  • RVOL
  • Weekly / monthly status
  • Optional EMA and key level plots


Settings

Display Options
  • Table position
  • Text size
  • Toggle rows:
    • ORB 5-Min
    • ORB 30-Min
    • Session High/Low
  • Toggle chart plots:
    • Daily EMA 8 / 21 / 50 / 100 / 200
    • Yesterday High/Low
    • Premarket High/Low


Alert Options
  • Enable 5-Min ORB alerts
  • Enable 15-Min ORB alerts
  • Enable 30-Min ORB alerts


Indicator Inputs
  • DMI/ADX length
  • ADX smoothing


How to Use

Use the bias score as a structured context layer, not as a standalone signal.
Combine it with your own entries, risk management, and session awareness.


Optional: How to Read the Table
  • Bias: composite directional score
  • ORB 5/15/30: opening range state (Bullish / Bearish / Inside)
  • VWAP / SD1 / SD2: mean and volatility context
  • ADX / DI: trend strength and direction
  • Key levels: yesterday, premarket, session positioning
  • Metrics: LoD %, ATR/DTR, ATR vs EMA50, RVOL


Disclaimer

This indicator is for educational and informational purposes only.
Always perform your own analysis and manage risk appropriately.
發行說明

  1. Upgraded the dashboard into separate Bias and optional Setup scoring.
  2. Hid Setup, score breakdowns, EMA rows, HTF rows, and ATR×EMA50 row by default.
  3. Made 30m ORB visible by default.
  4. Added richer ORB state tracking: breakout, retest, confirmed, failed.
  5. Added failed ORB penalties into Bias.
  6. Added market regime scoring using benchmark VWAP and benchmark day change.
  7. Added stronger SPY-relative strength weighting.
  8. Added stronger VWAP weighting: above/near VWAP bullish, below bearish.
  9. Added nearby resistance/support room scoring.
  10. Added session phase adjustment for early vs late ORB signals.
  11. Added Bias confidence text, e.g. Bullish (14, High).
  12. Added optional Bias Flip alerts.
  13. Replaced RVOL with Swing Data-style RVol / PVol using projected full-day volume.
  14. Added configurable average volume length.
  15. Changed HTF request.security calls to lookahead_off.
  16. Switched time logic to America/New_York.
  17. Kept EMA plots, yesterday levels, and premarket levels optional.
發行說明

  • Added the ability to show ORB lines
發行說明
Updated to Pine Script® v6.

New
  • Daily MA Type input: choose SMA (default) or EMA for the daily 8/21/50/100/200 moving averages.
  • ORB Failure Buffer input: a retest that closes slightly back inside the opening range is no longer counted as a failed breakout.
  • Re-alert option: get a new alert when a failed ORB side breaks out and confirms again.
  • ORB rows now show direction (▲/▼).


Improved
  • 30-min ORB uses the same Breakout → Retest → Confirm logic as the 5/15-min ORB and covers exactly 9:30–10:00.
  • A confirmed breakout that closes back inside the range now shows as Failed, and a failed side can set up again.
  • RVol compares today's volume with the average volume at the same time of day.
  • ORB alerts trigger on completed 1-minute bars only, so wicks can't trigger them. Bias Flip and 30-min alerts trigger at bar close.


Fixed
  • Previous day, week and month levels, ATR and moving averages no longer repaint on historical bars.
  • ORB state now resets every session on all timeframes, including 1H and 4H charts with extended hours.


Removed
  • ADX/+DI/-DI. Confidence now uses 5 factors.


If you have alerts on this indicator, recreate them after updating.
pavankjadda
Average Directional Index (ADX)Exponential Moving Average (EMA)orbstrategyVolume Weighted Average Price (VWAP)

免責聲明

這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
Average Directional Index (ADX)Exponential Moving Average (EMA)orbstrategyVolume Weighted Average Price (VWAP)
pavankjadda

免責聲明

這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。