OPEN-SOURCE SCRIPT
Mini_ORB
📊 Mini_ORB — Hourly Wick Scalping Zones
What it does:
Draws a box on the wick of the last closed hourly candle. Green candles → top wick zone. Red candles → bottom wick zone. Includes a dotted midline for precision entries.
The Edge:
Hourly wicks represent rejected price levels — areas where buyers/sellers stepped in aggressively. Price tends to:
• Respect these zones as entries or support/resistance on lower timeframes
• Retest the midline before continuation
• Sweep the zone before reversing (liquidity grab)
How to Scalp It:
1. Drop to 5m or 15m chart (box still shows from 1H data)
2. Wait for price to enter the wick zone
3. Look for reaction at the midline (dotted) or zone edges
4. Enter on confirmation (rejection wick, engulfing, divergence)
5. Target: opposite edge of box or next structure level
6. Stop: just beyond the zone
Best For:
• Intraday scalping (crypto, forex, futures)
• Mean reversion plays into rejected wicks
• Breakout confirmation when price clears the zone
• Combining with VWAP, ORB, or session levels
Pro Tip: Works best during active sessions (London/NY open). Avoid during low-volume chop — wicks mean less when nobody's trading.
What it does:
Draws a box on the wick of the last closed hourly candle. Green candles → top wick zone. Red candles → bottom wick zone. Includes a dotted midline for precision entries.
The Edge:
Hourly wicks represent rejected price levels — areas where buyers/sellers stepped in aggressively. Price tends to:
• Respect these zones as entries or support/resistance on lower timeframes
• Retest the midline before continuation
• Sweep the zone before reversing (liquidity grab)
How to Scalp It:
1. Drop to 5m or 15m chart (box still shows from 1H data)
2. Wait for price to enter the wick zone
3. Look for reaction at the midline (dotted) or zone edges
4. Enter on confirmation (rejection wick, engulfing, divergence)
5. Target: opposite edge of box or next structure level
6. Stop: just beyond the zone
Best For:
• Intraday scalping (crypto, forex, futures)
• Mean reversion plays into rejected wicks
• Breakout confirmation when price clears the zone
• Combining with VWAP, ORB, or session levels
Pro Tip: Works best during active sessions (London/NY open). Avoid during low-volume chop — wicks mean less when nobody's trading.
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.