OPEN-SOURCE SCRIPT
Morning ORB FVG Trigger
✅ Overview
Morning ORB FVG Trigger is a complete intraday trading framework built around:
A Morning Opening Range Breakout (ORB)
The first Fair Value Gap (FVG) after that breakout
Strict risk management and position sizing
Optional HTF trend filter (Daily / Weekly / Monthly)
Optional Daily ATR filter to avoid extreme days
The script is designed for futures / indices / FX on intraday charts up to 15 minutes and for traders who want a clean, mechanical entry framework with clear risk.
🧠 Core idea
Define a morning opening range (e.g. 09:30–09:45).
Wait for a clean breakout above/below that range.
After the breakout, wait for the first FVG in breakout direction,
confirmed by the next candle (no immediate full reclaim).
Use a chosen stop logic + R:R factor to build risk/reward boxes.
Calculate position size based on your account risk.
(Optional) Only take trades:
In the direction of the HTF EMA trend (D/W/M).
On days where the morning range is within a band of the Daily ATR.
You can also disable all signals/boxes and use the script just as a visual ORB tool.
⏰ 1. ORB / Morning Range
Inputs (Main section)
Morning Range Session
Time window of the opening range in exchange time
Example: 09:30–09:45 for a 15-minute ORB.
You can type custom ranges (e.g. 09:30–09:35 for a 5-minute ORB).
Risk/Reward (TP factor)
Multiplier for the take-profit distance relative to the stop.
2.0 = TP is 2× the stop distance
1.5 = TP is 1.5× the stop distance
Show ORB range
If enabled, draws:
ORB high/low lines
ORB labels (e.g. 15min ORB high / low)
Optional midline
Extend ORB lines to the right (bars)
How many bars to extend the ORB high/low horizontally beyond the ORB itself.
Trade box width (bars)
Horizontal width (in bars) of:
Red risk box (entry–stop)
Green reward box (entry–TP)
Implementation details
The ORB is always calculated on 1-minute data internally, so it stays precise even on 5m/15m charts.
The script only works on intraday timeframes up to 15 minutes.
📦 2. FVG Block
Group: “FVG”
Threshold %
Minimum size of an FVG in % of price.
0 = every FVG
Higher values = only larger gaps
Auto threshold (from volatility)
If enabled, the minimum FVG size is derived from historical volatility
instead of a fixed percentage.
Allow breakout FVG partly inside ORB
Off (default): the FVG must lie fully outside the ORB.
On: the breakout FVG itself may still overlap the ORB a bit,
as long as it is the first one attached to the breakout move.
Enable FVG entry signals, boxes & alerts
On: full system – FVG detection, entry labels, risk/TP boxes, alerts.
Off: no entries, no risk/TP boxes, no alerts.
You only get the ORB and (optionally) the HTF dashboard, so you can trade your own setups.
Entry mode
Entry mode (Mid / Edge / NextOpen)
Mid – Entry at the midpoint of the FVG.
Edge – Long at the upper FVG edge, short at the lower FVG edge.
NextOpen – No limit order in the gap. Entry is placed at the next bar open after FVG confirmation.
Edge offset (ticks)
Additional offset for Edge entries:
Long:
+ticks = a bit above the FVG (more conservative)
-ticks = deeper into the FVG (more aggressive)
Short:
+ticks = a bit below the FVG
-ticks = deeper into the FVG
FVG detection logic
Uses a LuxAlgo-style 3-candle FVG pattern (gap between candle 1 and 3).
Only one FVG is taken: the first valid FVG after the ORB breakout in breakup direction.
The FVG candle is the middle bar; the script:
Detects the FVG on the previous bar.
Waits for the current bar to confirm it:
Bullish: current low must stay above the lower FVG boundary
Bearish: current high must stay below the upper FVG boundary
Only then an entry signal is generated.
🛑 3. Stop Logic
Group: “Stop Logic”
Stop mode (PrevBar / Pivot / FVG Candle)
PrevBar – Stop at the low/high of the candle before the FVG
(tight/aggressive).
FVG Candle – Stop at the low/high of the FVG candle itself
(medium).
Pivot – Stop at the most recent swing high/low
using pivotLeft / pivotRight pivots (more conservative).
Ticks (stop buffer)
Offset (in ticks) from the selected stop level.
> 0 = further away (more room, more risk)
< 0 = closer (tighter stop)
Pivot left / Pivot right
Number of candles left/right to define a swing high/low
when using Pivot stop mode.
Typical intraday values: 2–3.
The script also sanity-checks the stop:
if the calculated stop would be invalid (e.g. above entry in a long), it moves it by a minimal distance (2 ticks) to keep a valid risk.
📈 4. HTF Trend Filter (Daily / Weekly / Monthly)
Group: “HTF Trend Filter”
Enable HTF trend filter
If enabled, trades are only allowed:
Long when at least 2 of D/W/M closes are above their EMA
Short when at least 2 of D/W/M closes are below their EMA
EMA length (D/W/M)
EMA length for all three higher timeframes (Daily, Weekly, Monthly).
This helps focus entries in the direction of the dominant higher-timeframe trend.
📊 5. ATR Filter (Daily)
Group: “ATR Filter (Daily)”
Use daily ATR filter
If enabled, the height of the ORB (ORB high – ORB low) must be within
a band of the Daily ATR to allow any signals.
Daily ATR length
ATR period on the Daily timeframe.
Min ORB size vs ATR
Lower bound:
Example: 0.3 → ORB must be at least 0.3 × Daily ATR
0.0 = no minimum.
Max ORB size vs ATR
Upper bound:
Example: 1.5 → ORB must be ≤ 1.5 × Daily ATR
0.0 = no maximum.
If the ORB is too small (choppy) or too large (exhausted move), no breakout or FVG signal will be generated on that day.
🧭 6. HTF Dashboard & Signal Labels
Group: “HTF Trend Dashboard”
Show HTF dashboard
Draws a small label at the top of the chart showing:
HTF Trend (EMA X)
D: UP/FLAT/DOWN
W: UP/FLAT/DOWN
M: UP/FLAT/DOWN
Dashboard position
Top Right, Top Center, Top Left – places the dashboard at the top.
Over Risk Info – no top dashboard; instead, the HTF trend info is shown as a label near the risk box when a new signal appears.
Lookback (bars) for top anchor
How many bars to use to determine the top price level for dashboard placement.
Show HTF trend above risk box on signal
Only relevant if Dashboard position = Over Risk Info.
When enabled, a small HTF label appears near the risk box for each new trade.
Signal label vertical offset (ticks)
Vertical spacing between risk info label and HTF label.
Minimum spacing HTF/Risk (ticks)
Ensures a minimum vertical distance so the two labels don’t overlap.
HTF signal label X offset (bars)
Horizontal offset (left/right) relative to the risk info label.
⏳ 7. ORB–FVG Filters (Session & Time Window)
Group: “ORB FVG Filter”
Only same session day
If enabled, FVG entries are only allowed on the same calendar day
as the ORB. When the date changes, all state & drawings are reset.
Limit hours after ORB
Enables a time window after the ORB end.
Trading window after ORB (hours)
Length of that window in hours.
Example: 2.0 → FVG signals only in the first 2 hours after ORB end.
💰 8. Risk Management & Position Sizing
Group: “Risk Management”
Calculate position size
If enabled, the script computes suggested mini and micro contract size for you.
Account size
Your trading account size (in account currency).
Risk mode
Percent – risk is a % of account size (Account risk %).
Fixed amount – risk is a fixed dollar amount (Fixed risk ($)).
Account risk %
Risk per trade as a percentage of account size (e.g. 1.0 for 1%).
Fixed risk ($)
Fixed risk per trade in dollars when using Fixed amount mode.
Micro factor (vs mini)
How much a micro contract is worth relative to a mini.
Example:
0.1 → one micro moves 1/10 of one mini.
Risk Info label
For each new trade, a label is shown above the boxes with:
Stop distance in price and $ risk per mini
Max risk allowed for the trade
Suggested mini and micro size
Text like:
Suggested: 2 mini
Suggested: 5 micro
or Suggested: no trade
This makes the script especially useful for prop-firm rules or strict risk discipline.
🎨 9. Visual Style (Boxes, Labels, ORB Lines)
Group: “Box & Label Style (Trade)”
Label font size (Very small, Small, Normal, Large)
Entry label BG / text color
Stop label BG / text color
TP label BG / text color
Risk info BG / text color
Risk box color (entry–stop zone)
Reward box color (entry–TP zone)
Group: “ORB Style”
ORB high line color
ORB low line color
ORB line width
ORB label font size
ORB label background color
ORB label text color
Show ORB midline
ORB midline color / width / style (Solid / Dashed / Dotted)
⚠️ 10. Alerts
Group: “Alerts”
The script defines three alert conditions:
Long entry FVG breakout
Triggered when a new long signal appears.
Short entry FVG breakout
Triggered when a new short signal appears.
FVG entry (long/short)
Generic alert for any new signal (long or short).
To use them:
Add the indicator to the chart.
Open the Alerts dialog → “Condition”.
Select this script and one of the alert conditions.
Set your preferred expiration and notification settings.
Alerts only fire when Enable FVG entry signals, boxes & alerts is on.
🧩 11. How the trading logic flows (summary)
Build ORB on 1-minute data during the selected session.
Optionally reject the day if ORB is outside the ATR bounds.
Wait for a breakout (close above high or below low), respecting HTF trend filter.
After breakout, look for the first valid FVG in that direction:
Outside the ORB (unless breakout FVG allowed inside)
Confirmed by the next candle (no full reclaim)
Once confirmed:
Compute entry, stop, target.
Draw risk/reward boxes and all labels.
Optionally show HTF signal label over the risk info.
Trigger alerts if enabled.
If you disable FVG signals, only steps 1–3 (plus dashboard) are effectively active.
⚠️ 12. Notes & Disclaimer
Script is intended for intraday trading up to 15-minute timeframes.
All signals are mechanical and do not guarantee profitability.
Always backtest and forward-test on your own data before risking real money.
This script is for educational purposes only and is not financial advice.
🚀 Quick-start guide
Add the script to your chart
Use an intraday timeframe ≤ 15 minutes (1m, 3m, 5m, 15m).
Works best on liquid indices, futures, FX and large-cap stocks.
Set the Morning Range
In “Morning Range Session” choose the exchange’s opening window.
Examples
US index futures (CME): 08:30–08:45 or 08:30–08:35
US stocks (NYSE/Nasdaq): 09:30–09:45 or 09:30–09:35
The ORB is always calculated on 1-minute data internally, so the range stays accurate on higher intraday charts.
Keep the default filters at first
HTF Trend Filter: ON
EMA length = 20
This will only allow trades in the direction of the dominant D/W/M trend.
ATR Filter: OFF (optional; you can enable later once you’re comfortable).
Use the full trade system
In the FVG group leave
“Enable FVG entry signals, boxes & alerts” = ON
Entry mode: Mid
Stop mode: FVG Candle or PrevBar
Risk/Reward: 2.0 as a starting point.
Set your risk
Turn on “Calculate position size”.
Enter your Account size and choose either:
Risk mode = Percent (e.g. 1.0 = 1% per trade), or
Risk mode = Fixed amount (e.g. $250 per trade).
The risk info label will show:
Stop distance in price and $/contract
Max allowed risk
Suggested mini and micro contract size.
Enable alerts (optional)
Open the Alerts dialog → Condition: this script.
Choose one of:
Long entry FVG breakout
Short entry FVG breakout
FVG entry (long/short)
Choose “Once per bar” or “Once per bar close”, and your preferred notification type.
Replay & journal
Use the TradingView bar replay tool to step through past days.
Focus on:
How the ORB defines the structure.
How the first confirmed FVG outside the ORB behaves.
Whether the risk/TP levels fit your own style and product.
🎛 Recommended settings & profiles
These are starting points, not rules. Always adapt to the instrument and your own risk tolerance.
1. Conservative / Trend-following
Timeframe: 5m or 15m
Morning Range Session: 15-minute ORB around the cash or futures open
FVG
Threshold %: 0.05–0.1 (filter out very small gaps)
Auto threshold: OFF (keep it simple)
Allow breakout FVG partly inside ORB: OFF
Enable FVG entry signals/boxes/alerts: ON
Entry mode: Mid
Stop Logic
Stop mode: Pivot
Pivot left/right: 2–3
Stop buffer: +1–2 ticks
HTF Trend Filter
Enabled: ON
EMA length: 20
ATR Filter
Enabled: ON
Daily ATR length: 14
Min ORB vs ATR: 0.3–0.4
Max ORB vs ATR: 1.2–1.5
Risk Management
Risk mode: Percent
Account risk: 0.5–1.0%
Idea: Only trade when the higher-timeframe trend supports the move and the opening range is of a “normal” size for the current volatility.
2. Balanced / Intraday directional
Timeframe: 3m or 5m
FVG
Threshold %: 0.02–0.05
Auto threshold: ON (lets the script adapt to volatility)
Allow breakout FVG partly inside ORB: ON
(first breakout FVG may partly sit inside the ORB)
Entry mode: Edge
Edge offset (ticks): 0 or +1
Stop Logic
Stop mode: FVG Candle
Stop buffer: 0–1 ticks
HTF Trend Filter
Enabled: ON
ATR Filter
Enabled: OFF (optional)
Risk Management
Risk mode: Percent
Account risk: 1.0–1.5% (if this fits your plan)
Idea: Slightly more aggressive entries at the gap edge, still aligned with HTF trend, but with more flexibility on ATR.
3. Aggressive / Scalping around the ORB
Timeframe: 1m or 3m
FVG
Threshold %: 0.0–0.02
Auto threshold: ON
Allow breakout FVG partly inside ORB: ON
Entry mode: NextOpen or Edge with a negative offset (deeper into the gap)
Stop Logic
Stop mode: PrevBar
Stop buffer: 0 or -1 tick
HTF Trend Filter
Enabled: OFF (or ON but treat as soft guidance)
ATR Filter
Enabled: OFF
Risk Management
Risk mode: Percent
Account risk: lower, e.g. 0.25–0.5% per trade
Idea: More trades and tighter stops. Best for experienced traders who understand the limitations of scalping and whipsaw risk.
Final reminder
All of these are templates, not guarantees:
Always check how the system behaves on your market and session.
Start on replay and demo before trading real money.
Adjust filters (HTF, ATR, thresholds) until the signals fit your personal approach.
Morning ORB FVG Trigger is a complete intraday trading framework built around:
A Morning Opening Range Breakout (ORB)
The first Fair Value Gap (FVG) after that breakout
Strict risk management and position sizing
Optional HTF trend filter (Daily / Weekly / Monthly)
Optional Daily ATR filter to avoid extreme days
The script is designed for futures / indices / FX on intraday charts up to 15 minutes and for traders who want a clean, mechanical entry framework with clear risk.
🧠 Core idea
Define a morning opening range (e.g. 09:30–09:45).
Wait for a clean breakout above/below that range.
After the breakout, wait for the first FVG in breakout direction,
confirmed by the next candle (no immediate full reclaim).
Use a chosen stop logic + R:R factor to build risk/reward boxes.
Calculate position size based on your account risk.
(Optional) Only take trades:
In the direction of the HTF EMA trend (D/W/M).
On days where the morning range is within a band of the Daily ATR.
You can also disable all signals/boxes and use the script just as a visual ORB tool.
⏰ 1. ORB / Morning Range
Inputs (Main section)
Morning Range Session
Time window of the opening range in exchange time
Example: 09:30–09:45 for a 15-minute ORB.
You can type custom ranges (e.g. 09:30–09:35 for a 5-minute ORB).
Risk/Reward (TP factor)
Multiplier for the take-profit distance relative to the stop.
2.0 = TP is 2× the stop distance
1.5 = TP is 1.5× the stop distance
Show ORB range
If enabled, draws:
ORB high/low lines
ORB labels (e.g. 15min ORB high / low)
Optional midline
Extend ORB lines to the right (bars)
How many bars to extend the ORB high/low horizontally beyond the ORB itself.
Trade box width (bars)
Horizontal width (in bars) of:
Red risk box (entry–stop)
Green reward box (entry–TP)
Implementation details
The ORB is always calculated on 1-minute data internally, so it stays precise even on 5m/15m charts.
The script only works on intraday timeframes up to 15 minutes.
📦 2. FVG Block
Group: “FVG”
Threshold %
Minimum size of an FVG in % of price.
0 = every FVG
Higher values = only larger gaps
Auto threshold (from volatility)
If enabled, the minimum FVG size is derived from historical volatility
instead of a fixed percentage.
Allow breakout FVG partly inside ORB
Off (default): the FVG must lie fully outside the ORB.
On: the breakout FVG itself may still overlap the ORB a bit,
as long as it is the first one attached to the breakout move.
Enable FVG entry signals, boxes & alerts
On: full system – FVG detection, entry labels, risk/TP boxes, alerts.
Off: no entries, no risk/TP boxes, no alerts.
You only get the ORB and (optionally) the HTF dashboard, so you can trade your own setups.
Entry mode
Entry mode (Mid / Edge / NextOpen)
Mid – Entry at the midpoint of the FVG.
Edge – Long at the upper FVG edge, short at the lower FVG edge.
NextOpen – No limit order in the gap. Entry is placed at the next bar open after FVG confirmation.
Edge offset (ticks)
Additional offset for Edge entries:
Long:
+ticks = a bit above the FVG (more conservative)
-ticks = deeper into the FVG (more aggressive)
Short:
+ticks = a bit below the FVG
-ticks = deeper into the FVG
FVG detection logic
Uses a LuxAlgo-style 3-candle FVG pattern (gap between candle 1 and 3).
Only one FVG is taken: the first valid FVG after the ORB breakout in breakup direction.
The FVG candle is the middle bar; the script:
Detects the FVG on the previous bar.
Waits for the current bar to confirm it:
Bullish: current low must stay above the lower FVG boundary
Bearish: current high must stay below the upper FVG boundary
Only then an entry signal is generated.
🛑 3. Stop Logic
Group: “Stop Logic”
Stop mode (PrevBar / Pivot / FVG Candle)
PrevBar – Stop at the low/high of the candle before the FVG
(tight/aggressive).
FVG Candle – Stop at the low/high of the FVG candle itself
(medium).
Pivot – Stop at the most recent swing high/low
using pivotLeft / pivotRight pivots (more conservative).
Ticks (stop buffer)
Offset (in ticks) from the selected stop level.
> 0 = further away (more room, more risk)
< 0 = closer (tighter stop)
Pivot left / Pivot right
Number of candles left/right to define a swing high/low
when using Pivot stop mode.
Typical intraday values: 2–3.
The script also sanity-checks the stop:
if the calculated stop would be invalid (e.g. above entry in a long), it moves it by a minimal distance (2 ticks) to keep a valid risk.
📈 4. HTF Trend Filter (Daily / Weekly / Monthly)
Group: “HTF Trend Filter”
Enable HTF trend filter
If enabled, trades are only allowed:
Long when at least 2 of D/W/M closes are above their EMA
Short when at least 2 of D/W/M closes are below their EMA
EMA length (D/W/M)
EMA length for all three higher timeframes (Daily, Weekly, Monthly).
This helps focus entries in the direction of the dominant higher-timeframe trend.
📊 5. ATR Filter (Daily)
Group: “ATR Filter (Daily)”
Use daily ATR filter
If enabled, the height of the ORB (ORB high – ORB low) must be within
a band of the Daily ATR to allow any signals.
Daily ATR length
ATR period on the Daily timeframe.
Min ORB size vs ATR
Lower bound:
Example: 0.3 → ORB must be at least 0.3 × Daily ATR
0.0 = no minimum.
Max ORB size vs ATR
Upper bound:
Example: 1.5 → ORB must be ≤ 1.5 × Daily ATR
0.0 = no maximum.
If the ORB is too small (choppy) or too large (exhausted move), no breakout or FVG signal will be generated on that day.
🧭 6. HTF Dashboard & Signal Labels
Group: “HTF Trend Dashboard”
Show HTF dashboard
Draws a small label at the top of the chart showing:
HTF Trend (EMA X)
D: UP/FLAT/DOWN
W: UP/FLAT/DOWN
M: UP/FLAT/DOWN
Dashboard position
Top Right, Top Center, Top Left – places the dashboard at the top.
Over Risk Info – no top dashboard; instead, the HTF trend info is shown as a label near the risk box when a new signal appears.
Lookback (bars) for top anchor
How many bars to use to determine the top price level for dashboard placement.
Show HTF trend above risk box on signal
Only relevant if Dashboard position = Over Risk Info.
When enabled, a small HTF label appears near the risk box for each new trade.
Signal label vertical offset (ticks)
Vertical spacing between risk info label and HTF label.
Minimum spacing HTF/Risk (ticks)
Ensures a minimum vertical distance so the two labels don’t overlap.
HTF signal label X offset (bars)
Horizontal offset (left/right) relative to the risk info label.
⏳ 7. ORB–FVG Filters (Session & Time Window)
Group: “ORB FVG Filter”
Only same session day
If enabled, FVG entries are only allowed on the same calendar day
as the ORB. When the date changes, all state & drawings are reset.
Limit hours after ORB
Enables a time window after the ORB end.
Trading window after ORB (hours)
Length of that window in hours.
Example: 2.0 → FVG signals only in the first 2 hours after ORB end.
💰 8. Risk Management & Position Sizing
Group: “Risk Management”
Calculate position size
If enabled, the script computes suggested mini and micro contract size for you.
Account size
Your trading account size (in account currency).
Risk mode
Percent – risk is a % of account size (Account risk %).
Fixed amount – risk is a fixed dollar amount (Fixed risk ($)).
Account risk %
Risk per trade as a percentage of account size (e.g. 1.0 for 1%).
Fixed risk ($)
Fixed risk per trade in dollars when using Fixed amount mode.
Micro factor (vs mini)
How much a micro contract is worth relative to a mini.
Example:
0.1 → one micro moves 1/10 of one mini.
Risk Info label
For each new trade, a label is shown above the boxes with:
Stop distance in price and $ risk per mini
Max risk allowed for the trade
Suggested mini and micro size
Text like:
Suggested: 2 mini
Suggested: 5 micro
or Suggested: no trade
This makes the script especially useful for prop-firm rules or strict risk discipline.
🎨 9. Visual Style (Boxes, Labels, ORB Lines)
Group: “Box & Label Style (Trade)”
Label font size (Very small, Small, Normal, Large)
Entry label BG / text color
Stop label BG / text color
TP label BG / text color
Risk info BG / text color
Risk box color (entry–stop zone)
Reward box color (entry–TP zone)
Group: “ORB Style”
ORB high line color
ORB low line color
ORB line width
ORB label font size
ORB label background color
ORB label text color
Show ORB midline
ORB midline color / width / style (Solid / Dashed / Dotted)
⚠️ 10. Alerts
Group: “Alerts”
The script defines three alert conditions:
Long entry FVG breakout
Triggered when a new long signal appears.
Short entry FVG breakout
Triggered when a new short signal appears.
FVG entry (long/short)
Generic alert for any new signal (long or short).
To use them:
Add the indicator to the chart.
Open the Alerts dialog → “Condition”.
Select this script and one of the alert conditions.
Set your preferred expiration and notification settings.
Alerts only fire when Enable FVG entry signals, boxes & alerts is on.
🧩 11. How the trading logic flows (summary)
Build ORB on 1-minute data during the selected session.
Optionally reject the day if ORB is outside the ATR bounds.
Wait for a breakout (close above high or below low), respecting HTF trend filter.
After breakout, look for the first valid FVG in that direction:
Outside the ORB (unless breakout FVG allowed inside)
Confirmed by the next candle (no full reclaim)
Once confirmed:
Compute entry, stop, target.
Draw risk/reward boxes and all labels.
Optionally show HTF signal label over the risk info.
Trigger alerts if enabled.
If you disable FVG signals, only steps 1–3 (plus dashboard) are effectively active.
⚠️ 12. Notes & Disclaimer
Script is intended for intraday trading up to 15-minute timeframes.
All signals are mechanical and do not guarantee profitability.
Always backtest and forward-test on your own data before risking real money.
This script is for educational purposes only and is not financial advice.
🚀 Quick-start guide
Add the script to your chart
Use an intraday timeframe ≤ 15 minutes (1m, 3m, 5m, 15m).
Works best on liquid indices, futures, FX and large-cap stocks.
Set the Morning Range
In “Morning Range Session” choose the exchange’s opening window.
Examples
US index futures (CME): 08:30–08:45 or 08:30–08:35
US stocks (NYSE/Nasdaq): 09:30–09:45 or 09:30–09:35
The ORB is always calculated on 1-minute data internally, so the range stays accurate on higher intraday charts.
Keep the default filters at first
HTF Trend Filter: ON
EMA length = 20
This will only allow trades in the direction of the dominant D/W/M trend.
ATR Filter: OFF (optional; you can enable later once you’re comfortable).
Use the full trade system
In the FVG group leave
“Enable FVG entry signals, boxes & alerts” = ON
Entry mode: Mid
Stop mode: FVG Candle or PrevBar
Risk/Reward: 2.0 as a starting point.
Set your risk
Turn on “Calculate position size”.
Enter your Account size and choose either:
Risk mode = Percent (e.g. 1.0 = 1% per trade), or
Risk mode = Fixed amount (e.g. $250 per trade).
The risk info label will show:
Stop distance in price and $/contract
Max allowed risk
Suggested mini and micro contract size.
Enable alerts (optional)
Open the Alerts dialog → Condition: this script.
Choose one of:
Long entry FVG breakout
Short entry FVG breakout
FVG entry (long/short)
Choose “Once per bar” or “Once per bar close”, and your preferred notification type.
Replay & journal
Use the TradingView bar replay tool to step through past days.
Focus on:
How the ORB defines the structure.
How the first confirmed FVG outside the ORB behaves.
Whether the risk/TP levels fit your own style and product.
🎛 Recommended settings & profiles
These are starting points, not rules. Always adapt to the instrument and your own risk tolerance.
1. Conservative / Trend-following
Timeframe: 5m or 15m
Morning Range Session: 15-minute ORB around the cash or futures open
FVG
Threshold %: 0.05–0.1 (filter out very small gaps)
Auto threshold: OFF (keep it simple)
Allow breakout FVG partly inside ORB: OFF
Enable FVG entry signals/boxes/alerts: ON
Entry mode: Mid
Stop Logic
Stop mode: Pivot
Pivot left/right: 2–3
Stop buffer: +1–2 ticks
HTF Trend Filter
Enabled: ON
EMA length: 20
ATR Filter
Enabled: ON
Daily ATR length: 14
Min ORB vs ATR: 0.3–0.4
Max ORB vs ATR: 1.2–1.5
Risk Management
Risk mode: Percent
Account risk: 0.5–1.0%
Idea: Only trade when the higher-timeframe trend supports the move and the opening range is of a “normal” size for the current volatility.
2. Balanced / Intraday directional
Timeframe: 3m or 5m
FVG
Threshold %: 0.02–0.05
Auto threshold: ON (lets the script adapt to volatility)
Allow breakout FVG partly inside ORB: ON
(first breakout FVG may partly sit inside the ORB)
Entry mode: Edge
Edge offset (ticks): 0 or +1
Stop Logic
Stop mode: FVG Candle
Stop buffer: 0–1 ticks
HTF Trend Filter
Enabled: ON
ATR Filter
Enabled: OFF (optional)
Risk Management
Risk mode: Percent
Account risk: 1.0–1.5% (if this fits your plan)
Idea: Slightly more aggressive entries at the gap edge, still aligned with HTF trend, but with more flexibility on ATR.
3. Aggressive / Scalping around the ORB
Timeframe: 1m or 3m
FVG
Threshold %: 0.0–0.02
Auto threshold: ON
Allow breakout FVG partly inside ORB: ON
Entry mode: NextOpen or Edge with a negative offset (deeper into the gap)
Stop Logic
Stop mode: PrevBar
Stop buffer: 0 or -1 tick
HTF Trend Filter
Enabled: OFF (or ON but treat as soft guidance)
ATR Filter
Enabled: OFF
Risk Management
Risk mode: Percent
Account risk: lower, e.g. 0.25–0.5% per trade
Idea: More trades and tighter stops. Best for experienced traders who understand the limitations of scalping and whipsaw risk.
Final reminder
All of these are templates, not guarantees:
Always check how the system behaves on your market and session.
Start on replay and demo before trading real money.
Adjust filters (HTF, ATR, thresholds) until the signals fit your personal approach.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.