15-Min ORB Strategy with TP/SL

🔧 How It Works
Opening Range Defined

At market open, it tracks the first 15-minute candle.

The high and low of that candle form the Opening Range.

Breakout Detection

A Buy Signal is triggered when price closes above the ORB high (with confirmation).

A Sell Signal is triggered when price closes below the ORB low.

Trade Management

On a confirmed breakout, the script:

Records the entry price.

Calculates Take Profit (TP) and Stop Loss (SL) using user-defined multipliers of the ORB range.

Positions are exited when either TP or SL is hit.

State Tracking

It tracks whether you're in a trade and whether it’s a long or short.

Once exited, the trade resets and waits for a new signal the next session.

📌 Visual Elements
Green line: ORB High

Red line: ORB Low

Blue line: Active Take Profit (if in trade)

Orange line: Active Stop Loss (if in trade)

Buy/Sell Labels: Signal markers below/above candles for clear entry visibility

⚙️ Customizable Inputs
Take Profit Multiplier (default 1.5× ORB range)

Stop Loss Multiplier (default 1.0× ORB range)

Session Start/End time for ORB definition

✅ Ideal For:
Traders who want clean, rule-based signals with no indicators

Quick intraday setups using price action only

Adaptation to almost any liquid market (just adjust session times)