ORB & Sessions [Capitalize Labs]

ORB & Sessions Indicator
The ORB & Sessions Indicator provides a structured way to analyze intraday price action by combining two well-established concepts: global trading sessions and Opening Range Breakouts (ORB). It is designed to help traders identify where liquidity forms, when volatility expands, and how price behaves around key session and range levels.


Market Sessions Framework

Displays New York, London, and Asian sessions directly on the chart.

Each session can be shown as a highlighted background zone, or with extended highs and lows for liquidity tracking.

Session highs and lows remain projected forward after the session ends, allowing traders to monitor sweeps, retests, and reactions throughout the day.

Session times are fully customizable and can be aligned with the trader’s own timezone or broker feed.

This structure helps traders place price action into context, whether during quiet Asian trading, London-driven volatility, or New York reversals.

Opening Range Breakouts (ORB)

Supports three independent ORBs, each with configurable session times.

During the defined ORB window, the indicator captures the high and low of the range and plots a live updating box.

Once the ORB closes, the range locks and projects breakout targets (T1 and T2) based on user-defined risk-to-reward multiples.

Alerts are included for breakouts of highs, lows, or target levels.

Traders can use a single ORB or multiple—for example, tracking an Asian ORB into London, or London into New York.

Visualization and Clarity

Color-coded boxes and levels for sessions and ORBs.

Labels such as “Range High” and “Range Low” ensure clarity without clutter.

Flexible display settings allow highlighting full zones, just lines, or minimal markers depending on preference.


Practical Applications
This indicator is useful for:

Liquidity and volatility analysis: Observe where session highs and lows form and how they influence later trading.

Breakout and reversal strategies: Use ORB ranges to define risk and plan target projections.

Time-based research: Explore how different session overlaps or ORBs affect markets like indices, FX, and commodities.

Risk planning: Built-in R-multiple targets provide a consistent framework for evaluating setups.


Why It’s Different
Instead of showing sessions and ORBs separately, this indicator integrates them into one framework. Traders can:

See when and where sessions open and establish range levels.

Define precise ORBs with customizable timing.

Track breakout levels and targets in real time with alerts.


The result is a clear, time-structured view of the trading day, helping traders align setups with session dynamics and opening range behavior.

This indicator does not generate buy or sell signals. It is an analytical and visualization tool, providing structure for traders to better interpret intraday price action.