OPTD — Opening Range (ORB): Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

The levels build during a user-defined opening window and remain visible through the regular session before resetting the next day. A breakout marker appears after a chosen number of consecutive closes beyond the range on a separate signal timeframe, and a close back inside resets that count. Session times, timezone, line style, midline, shading, and price labels are adjustable. It does not place trades or manage exits.

Opening range high, low, and midpoint
Consecutive-close breakout markers
Configurable session window and timezone
Optional midline, range shading, and price labels
Signal timeframe independent of the chart

Details

Published by

drewautomates on GitHub

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

M15-H1

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

indicators/pine_reference/Opening_Range.pine

Repository

github.com/drewautomates/optd-starter. See its other scripts in the library

Topics

acsilalgorithmic-tradingbacktestingclaude-codefutures-tradingpine-scriptquantitative-financesierra-charttrading-strategiestradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Opening Range Time (EST)	`session`	`0930-1000`	`orSess`
Regular Session Time (EST)	`session`	`0930-1600`	`rthSess`
Timezone	`string`	`America/New_York`	`tz`
Signal timeframe	`timeframe`	`1`	`sigTF`
Consecutive closes outside range for signal	`int`	`1`	`nCloses`
Show breakout markers	`bool`	`true`	`showSig`
ORH	`color`	`color.new(#2962ff, 0)`	`colH`
ORL	`color`	`color.new(#e91e63, 0)`	`colL`
ORM	`color`	`color.new(#ffffff, 0)`	`colM`
Line width	`int`	`2`	`lineW`
Show midline	`bool`	`true`	`showMid`
Shade range	`bool`	`true`	`showFill`

Show all 14 settings

Setting	Type	Default	Variable
Range fill transparency	`int`	`92`	`fillOp`
Price-scale labels	`bool`	`true`	`showLbl`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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