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Opening-range

Session Opening Range Breakout (ORBO)This strategy automates a classic Opening Range Breakout (ORBO) approach: it builds a price range for the first minutes after the market opens, then looks for strong breakouts above or below that range to catch early directional moves. Concept The idea behind ORBO is simple: The first minutes after the session open are often highly informative. Price forms an “opening range” that acts as a mini support/resistance zone. A clean breakout beyond this zone can lead to high-momentum moves. This script turns that logic into a fully backtestable strategy in TradingView. How the strategy works Opening Range Session Default session: 09:30–09:50 (exchange time) During this window, the script tracks: orHigh → highest high within the session orLow → lowest low within the session This forms your Opening Range for the day. Breakout Logic (after the window ends) Once the defined session ends: Long Entry: If the close crosses above the Opening Range High (orHigh), → strategy.entry("OR Long", strategy.long) is triggered. Short Entry: If the close crosses below the Opening Range Low (orLow), → strategy.entry("OR Short", strategy.short) is triggered. Only one opening range per day is considered, which keeps the logic clean and easy to interpret. Daily Reset At the start of a new trading day, the script resets: orHigh := na orLow := na A fresh Opening Range is then built using the next session’s 09:30–09:50 candles. This ensures entries are always based on today’s structure, not yesterday’s. Visuals & Inputs Inputs: Opening range session → default: "0930-0950" Show OR levels → toggle visibility of OR High / Low lines Fill range body → optional shaded zone between OR High and OR Low Chart visuals: A green line marks the Opening Range High. A red line marks the Opening Range Low. Optional yellow fill highlights the entire OR zone. Background shading during the session shows when the range is currently being built. These visuals make it easy to see: Where the OR sits relative to current price How clean / noisy the breakout was How often price respects or rejects the opening zone Backtesting & Optimization Because this is written as a strategy(): You can use TradingView’s Strategy Tester to view: Win rate Net profit Drawdown Profit factor Equity curve Ideas to experiment with: Change the session window (e.g., 09:15–09:45, 10:00–10:30) Apply to different: Markets: indices, FX, crypto, stocks Timeframes: 1m / 5m / 15m Add your own: Stop Loss & Take Profit levels Time filters (only trade certain days / times) Volatility filters (e.g., ATR, range size thresholds) Higher-timeframe trend filter (e.g., only take longs above 200 EMA)
Pine Script® strategy
by AIScripts
Opening Candle Zone with ATR Bands by nkChartsThis indicator highlights the opening range of each trading session and projects dynamic ATR-based zones around it. Key Features Plots high and low levels of the opening candle for each new daily session. Extends these levels across the session, providing clear intraday support and resistance zones. Adds ATR-based offset bands above and below the opening range for volatility-adjusted levels. Customizable colors, ATR length, and multiplier for flexible use across markets and timeframes. Adjustable session history limit to control how many past levels remain on the chart. How to Use: The opening range high/low often acts as strong intraday support or resistance. The ATR bands give an adaptive volatility buffer, useful for breakout or mean-reversion strategies. Works on any market with clear session opens. This tool is designed for traders who want to combine session-based price action with volatility insights, helping identify potential breakouts, reversals, or consolidation areas throughout the day. ⚠️ Disclaimer: This indicator is for educational purposes only. It does not provide financial advice or guarantee profits. Always perform your own analysis before making trading decisions.
Pine Script® indicator
by nkCharts
Katalyst's Opening Range BreakoutKatalyst's Opening Range Breakout + No Trade Zone 📜 Overview: This indicator allows traders to visualize the high and low of the opening range for a user-selected timeframe (e.g., 30s, 1m, 5m, 15m). It features fully customizable lines, labels, and an optional **No Trade Zone** fill to help you identify breakout levels with ease. --- 🎯 Key Features: 1. **Customizable Opening Range**: - Select your preferred opening range duration: **30 seconds, 1 minute, 2 minutes, 5 minutes, 10 minutes, or 15 minutes**. - The indicator calculates and plots the **high** and **low** of the selected opening range. 2. **Dynamic Line Styling**: - Choose the **line color**, **transparency**, and **style**: **Solid, Dashed, or Dotted**. - Lines extend to the right of the chart for clarity. 3. **No Trade Zone** *(Optional / Disabled by default)*: - When enabled, fills the area between the high and low lines with a customizable **color and transparency**. - Helps visually identify consolidation areas where trading might be avoided. 4. **Labels for Precision**: - Clearly displays the **Opening Range High** and **Low** values. - Labels are color-coded and positioned dynamically for easy interpretation. 5. **Clean and Efficient Updates**: - The indicator deletes old lines, labels, and fills before creating new ones, ensuring a clutter-free chart. --- ⚙️ How to Use: 1. **Select Your Timeframe**: - From the settings, choose your desired opening range duration: 30s, 1m, 2m, 5m, 10m, or 15m. 2. **Customize the Visuals**: - Adjust line color, style, and transparency. - Enable the **No Trade Zone** for a transparent background fill between the high and low lines. 3. **Interpret the Breakout**: - Watch for price movements above or below the **opening range** to identify potential breakout opportunities. --- 🛠 Settings: Opening Range Duration: Select the timeframe for the opening range (30s, 1m, 2m, 5m, 10m, 15m). Line Color: Set the color of the range lines. Line Transparency: Adjust the transparency of the lines (0 = solid, 100 = invisible). Line Style: Choose line style: Solid, Dashed, or Dotted. Label Colors: Customize the label colors for the high and low values. Enable No Trade Zone: Fill the area between high and low lines with a transparent color. No Trade Zone Color: Set the fill color for the no trade zone. No Trade Zone Transparency: Adjust the transparency of the no trade zone fill. --- 📈 Ideal For Day traders and scalpers looking to trade **breakouts**. Traders who want to identify areas of consolidation visually. Anyone who relies on the **opening range** for their trading strategy. --- 🔍 Example Usage: Set the opening range to **5 minutes** and enable the **No Trade Zone** with a light red fill. Watch for price to break above or below the high/low lines to signal potential trade opportunities. --- ✨ Why Use This Indicator? This script simplifies your breakout strategy by providing a clear, visually appealing representation of the opening range. The flexible customization options and the optional **No Trade Zone** make it a powerful tool for identifying high-probability trades. --- Let me know if you need any additional tweaks or clarifications for this description. It's all set to help traders understand and use your powerful script! 🚀📈
Pine Script® indicator
by TheKatalyst
13
Opening RangeThe opening range or first 30 minutes of trading during the day sets the tone and becomes an important reference through the rest of the day. Price will react as it reaches the high and low of the opening range. Backtesting has shown that the strategies based on the opening range have merit and provide an edge in trading. By not being aware of these points of reference you put yourself at risk. In addition to the opening range, the distance from the high or low of the opening range plus the width of the opening range forms another important reference point. Opening Range Rules. Price must break out of the opening range in order to have a trending day. As long as price is inside the opening range, expect the trade to be choppy. Once price leaves the opening range the market can begin to trend. However, before it trends most times it will retest the boundary of the opening range. This is a critical point, and a better than average entry for a position to join the trend. However, if price closes back inside the opening range watch out. Re-entry to the opening range has a high probability of going to the middle of the opening range, and a better than average probability of crossing the entire opening range. In the above chart we can see price broke below the opening range then returned to retest the opening range before beginning a downward trend that delivered 175 pts on NQ. Upon re-entering the opening range price tried to break down again but ultimately traveled up until it hit the 50% mark of the opening range. Once a trend has begun the first target is the green line which is 1 width of the opening range outside of the opening range. Once price broke out of the opening range to the upside, it came back to retest the opening range high, before beginning an uptrend that delivered 120 pts on NQ.
Pine Script® indicator
by aaronmefford
4
Session Levels - Ultimate Range IndicatorSession Levels - Ultimate Range Indicator Primarily developed for trading the E-MINI Futures Markets like NQ or ES from the CME Group, but also more than suitable for Crypto or other instruments. This indicator highlights the chosen session, which can be Globex, Asian, London and New York. It plots the important levels and also renders the Opening Range as it forms (a.k.a. Initial Balance). After the 1st hour Opening Range is finished, it can plot the Standard Deviations / Projections. See below for a complete feature list. All Opening Ranges on chart and for the New York session the Range Projections are turned on: s3.tradingview.com How to use (example): If you are trading the Nasdaq Futures (NQ!) Enable the Globex Overnight session. Basically in the Futures Market, the Globex session is everything outside of US trading hours of Stocks. This draws the important overnight levels, like the Low, 25%, 50%, 75% and the High. Enable the New York Session with Levels and Opening Range. Generally, 70% of the time the 1st hour will put a Low or High of the day. If the price is trading above the Globex Low, most likely the Low of the Day is formed and the price target for the day will be 1.5x Standard Deviation and 2x Standard Deviation. [*} Deviation of the Initial Balance depends on the volume ad overall market structure. ** This is not financial advice or any guarantee ** Features: Show each Session Highlighted on Intraday chart in it's own color (each session can be turned off and has customizable times and color) Show Line Levels of each session: Low, 25%, 50%, 75% and the High (customizable color) Show the Opening Range (Initial Balance) of the Asian, London and New York session. Note: NY has more options. Opening Range is displayed as a box with level lines (customizable color) Levels are drawn to the end of the NY Cash session (customizable time) Show IB Standard Deviations 0.5 - 3.0. Calculated from the Opening Range (Initial Balance) Option to display Higher Timeframe levels: Previous Day Open/Close and Previous Week Open/Close All level lines and OR boxes size dynamically as the session progresses Built in Alerts for when price hits key levels. e.g. Alert when price crosses the NY Opening Range High. Or an Alert when the first STDEV is hit. Option to toggle display of drawings for Today's trading session only, or Show all recent session levels. This keeps the chart clean or not. Extras: The NY Opening Range also has a 50% level line The NY Opening Bar can be highlighted separately The Level Lines can have small labels turned on/off. Values are only shown on mouse over to keep a clean chart Keep in mind: 1) This indicator works on all instruments, but on instruments with limited market hours, your chart setting has to be set to "Extended Hours" otherwise. For example TSLA on NASDAQ. 2) The Exchange Time Zone for the CME Group is Chicago UTC-6. So the session times you configure in the settings menu are based on that timezone too. 3) Globex opens at 5pm CST and closes when the US session starts 8:30CST. 4) When enabling the Alerts in the Indicator settings, be sure to also create an alarm for this indicator using the Alarm function of Tradingview.
Pine Script® indicator
by ArdOfCrypto
14
ORB - Opening Range BreakoutThis script plots the high/low of any custom session and extends it until the daily close. It does not show on the timeframe higher than the length of custom opening session by default. The time period of opening range & the max timeframe to display it on can be adjusted from the settings. So for eg. if want to use 5m ORB to trade, then set "ORB total time" as 5min & "Session Time" as whatever is the opening 5mins time period of ticker that are trading.
Pine Script® indicator
by zzzcrypto123
106
How to Overlay First LTF Bar of DayExample how to overlay the first lower timeframe bar of the day across the entire day. Set chart to a timeframe that is lower than 1 Day period. Also included option for coloring wick pressure of that bar. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Pine Script® indicator
by allanster
8