by 
This overlay indicator marks the New York initial balance and a configurable opening range on the price chart and reports live range statistics in two tables. It builds an IB box for a default 09:30–10:30 ET window, an ORB box from 09:30 for a set number of mi
Indicator · Pine Script v6 · On the chart
ORB Pro - Research-Based ORB
The ORB Pro indicator calculates and plots Opening Range Breakout levels, stop-loss and take-profit zones, signal labels, and an status dashboard on the price chart.
Repaints
GitHub stars16on the repository
Pine versionv6current
Lines of code565
Settings27inputs
LicenceNone stated
Last update3 months ago24 Jul 2026
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
Built on academic research, it evaluates trades using an opening-candle direction filter, opening-window relative volume threshold, and a confluence score incorporating higher-timeframe trends, VWAP, and gap alignment. The indicator includes built-in risk controls such as an ATR risk cap, daily loss limits, cutoff times, and end-of-day exit tracking. Higher-timeframe data utilizes lookahead settings with confirmed historical bars.
- Opening range box with custom duration and breakout buffer
- Opening-candle direction and relative volume entry gates
- Confluence scoring system with HTF trend and VWAP alignment
- Risk management with ATR capping and end-of-day exit rules
- Visual dashboard with entry, stop-loss, and take-profit zones
Details
Published by
Mrshahidali420 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Breakout, Sessions & time, Support & resistance, Screeners & dashboards
Markets
Stocks, Indices
Timeframes
M1-M5, M15-H1
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Topics
day-tradingopening-range-breakoutorbpine-scripttechnical-analysistrading-strategytradingviewalgorithmic-tradingpinescripttrading-indicator
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Opening Range Length (min) | int | 15 | i_orMins |
| Trading Session (NY time) | session | 0930-1600 | i_sessionStr |
| No New Entries After (NY hour) | int | 12 | i_cutoffHour |
| Opening-Candle Direction Filter | bool | true | i_dirFilter |
| Min Relative Volume (OR window vs 14-day avg) | float | 1.5 | i_minRVOL |
| Breakout Buffer (× ATR14) | float | 0.0 | i_breakBufATR |
| Min Confluence Score (0–100) | int | 60 | i_minScore |
| Daily Stop: Halt After N Losses | int | 2 | i_maxLossDay |
| News-Spike Guard | bool | false | i_newsGuard |
| cooldown bars | int | 6 | i_newsCool |
| Stop-Loss Basis | string | Opposite OR Side | i_slMode |
| Cap Risk At | bool | true | i_atrCapOn |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| × ATR14 | float | 1.5 | i_atrCap |
| Take-Profit (R multiple) | float | 2.0 | i_rr |
| EOD Exit | bool | true | i_eodExit |
| NY hour | int | 15 | i_eodHour |
| min | int | 55 | i_eodMin |
| HTF Trend Timeframe | timeframe | 60 | i_htfTF |
| Show OR Box + Levels | bool | true | i_showBox |
| Show Entry/SL/TP Zones | bool | true | i_showSLTP |
| Show Signal Labels | bool | true | i_showLbl |
| Show Dashboard | bool | true | i_showDash |
| Dashboard Position | string | Top Right | i_dashPos |
| Bull Color | color | color.new(#00E676, 0) | i_colBull |
| Bear Color | color | color.new(#FF1744, 0) | i_colBear |
| OR Box Fill | color | color.new(#2196F3, 80) | i_colOR |
| OR Line | color | color.new(#2196F3, 0) | i_colORLine |
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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