OPEN-SOURCE SCRIPT
Updated ORB-HL
1. Opening Range Detection
Automatically calculates the high and low of the first 15 minutes after the selected session opens.
Supported sessions:
New York (Futures): 08:30–08:45 EST
New York (Equities): 09:30–09:45 EST
London: 03:00–03:15 GMT
Asia: 19:00–19:15 JST
Plots ORB high/low lines for the rest of the day.
2. Breakout Signals
Highlights the first valid breakout above or below the ORB range on the:
5-minute timeframe
15-minute timeframe
Green arrows = breakout up (long)
Red arrows = breakout down (short)
3. 1-Minute Projection
When a breakout is confirmed on a higher timeframe (5m or 15m), a projection label (e.g., "5m", "15m") appears on the 1-minute chart.
Purple label = 5m breakout
Teal label = 15m breakout
Helps you confirm momentum in real time while on the 1-minute chart.
4. Trailing Stop System
Uses ATR to create an adaptive trailing stop after breakout.
Turns green when price is above stop (bullish), red when below (bearish).
Optional Buy / Sell signal labels appear on crossover events.
5. Session High/Low Visualization
Tracks and displays the previous session’s High and Low for:
Tokyo
London
New York
Lines extend into the current session to act as S/R reference.
Labels like "NY High", "Asia Low" are placed at the end of each line.
6. Alerts
Built-in alerts for:
First 5m or 15m breakout (long/short)
Trailing stop Buy/Sell crossover
7. Customization Options
Turn session H/L lines on/off per session
Customize projection visibility
Adjust ATR period and sensitivity
Set how far each session line extends using bar offsets
Automatically calculates the high and low of the first 15 minutes after the selected session opens.
Supported sessions:
New York (Futures): 08:30–08:45 EST
New York (Equities): 09:30–09:45 EST
London: 03:00–03:15 GMT
Asia: 19:00–19:15 JST
Plots ORB high/low lines for the rest of the day.
2. Breakout Signals
Highlights the first valid breakout above or below the ORB range on the:
5-minute timeframe
15-minute timeframe
Green arrows = breakout up (long)
Red arrows = breakout down (short)
3. 1-Minute Projection
When a breakout is confirmed on a higher timeframe (5m or 15m), a projection label (e.g., "5m", "15m") appears on the 1-minute chart.
Purple label = 5m breakout
Teal label = 15m breakout
Helps you confirm momentum in real time while on the 1-minute chart.
4. Trailing Stop System
Uses ATR to create an adaptive trailing stop after breakout.
Turns green when price is above stop (bullish), red when below (bearish).
Optional Buy / Sell signal labels appear on crossover events.
5. Session High/Low Visualization
Tracks and displays the previous session’s High and Low for:
Tokyo
London
New York
Lines extend into the current session to act as S/R reference.
Labels like "NY High", "Asia Low" are placed at the end of each line.
6. Alerts
Built-in alerts for:
First 5m or 15m breakout (long/short)
Trailing stop Buy/Sell crossover
7. Customization Options
Turn session H/L lines on/off per session
Customize projection visibility
Adjust ATR period and sensitivity
Set how far each session line extends using bar offsets
Release Notes
Fixing the max 500 length Release Notes
Adding ICTRelease Notes
Updating time DST BS, Release Notes
Fixing Time Issue with Sessions. Release Notes
Update Time MismatchRelease Notes
Removing ICT concept to make script more smoothRelease Notes
Updating time to just use Exchange Time to avoid issues with different users across the globe. Release Notes
Time must be in exchangeOpen-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.