PROTECTED SOURCE SCRIPT
stelaraX - Opening Range Breakout
stelaraX – Opening Range Breakout
stelaraX – Opening Range Breakout is a session-based breakout indicator designed to define the initial intraday range and highlight breakouts once that range is completed. It tracks the high and low of the first X minutes of each trading day and then signals when price breaks above or below this opening range.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The script resets at the start of each new trading day, builds the opening range for a user-selected time window, then locks the range and watches for breakouts.
Key principles:
* a new day is detected via daily time change
* during the opening window, the script continuously updates
* ORB High = highest high within the window
* ORB Low = lowest low within the window
* once the defined number of minutes is reached, the range is fixed (“orbDone”)
* breakout signals are generated only after the opening range is completed
* break up: close crosses above ORB High
* break down: close crosses below ORB Low
This structure ensures signals are based on a confirmed opening range, not an evolving one.
Visualization
The script plots:
* ORB High and ORB Low as step-line levels on the price chart (after the range is locked)
* a filled zone between ORB High/Low for quick range visibility
* triangle markers on bullish and bearish breakout events
* alert conditions for breakout up and breakout down
This creates a clean intraday framework for range-based breakout execution.
Use case
This indicator is intended for:
* intraday breakout strategies based on the first 5–60 minutes of trading
* defining early-day support/resistance and session structure
* filtering entries by trading only after the opening range is confirmed
* combining with volume, VWAP, or trend filters to reduce false breakouts
* supporting systematic ORB playbooks and AI-assisted chart evaluation
It works particularly well on liquid instruments (indices, major FX pairs, metals, BTC) where early-session structure often sets the day’s directional bias.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
stelaraX – Opening Range Breakout is a session-based breakout indicator designed to define the initial intraday range and highlight breakouts once that range is completed. It tracks the high and low of the first X minutes of each trading day and then signals when price breaks above or below this opening range.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The script resets at the start of each new trading day, builds the opening range for a user-selected time window, then locks the range and watches for breakouts.
Key principles:
* a new day is detected via daily time change
* during the opening window, the script continuously updates
* ORB High = highest high within the window
* ORB Low = lowest low within the window
* once the defined number of minutes is reached, the range is fixed (“orbDone”)
* breakout signals are generated only after the opening range is completed
* break up: close crosses above ORB High
* break down: close crosses below ORB Low
This structure ensures signals are based on a confirmed opening range, not an evolving one.
Visualization
The script plots:
* ORB High and ORB Low as step-line levels on the price chart (after the range is locked)
* a filled zone between ORB High/Low for quick range visibility
* triangle markers on bullish and bearish breakout events
* alert conditions for breakout up and breakout down
This creates a clean intraday framework for range-based breakout execution.
Use case
This indicator is intended for:
* intraday breakout strategies based on the first 5–60 minutes of trading
* defining early-day support/resistance and session structure
* filtering entries by trading only after the opening range is confirmed
* combining with volume, VWAP, or trend filters to reduce false breakouts
* supporting systematic ORB playbooks and AI-assisted chart evaluation
It works particularly well on liquid instruments (indices, major FX pairs, metals, BTC) where early-session structure often sets the day’s directional bias.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.