OPEN-SOURCE SCRIPT
Updated Open Range Breakout (ORB) with Alerts and Labels

This is a classic 5min ORB indicator that highlights the orb range for your chosen session. This makes it easy to reference the range later in the trading day. In addition to the original orb signals for both buy and sell you can play off that zone for powerful entries later in the session. The signals give TP1 1:1 TP2 2:1
Options
You can set the name of the session
The color of the range.
The buffer for the SL
How many entries for the orb
Options
You can set the name of the session
The color of the range.
The buffer for the SL
How many entries for the orb
Release Notes
This is a classic 5min ORB indicator that highlights the orb range for your chosen session. This makes it easy to reference the range later in the trading day. In addition to the original orb signals for both buy and sell you can play off that zone for powerful entries later in the session. The signals give TP1 1:1 TP2 2:1Options
You can set the name of the session
The color of the range.
The buffer for the SL
How many entries for the orb
Updates
You can now have 6 sessions per day
The lines above the boxes at set for 30 and 50pips so you can visually use them for scalping
The height of the box has been added to gauge if you want to hold to the bottom of the box
Release Notes
UpdatesThe name of the session is inside the box making it easier to identify as the day goes on.
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.