OPEN-SOURCE SCRIPT

DD_ORB

1 808
ORB STRATEGY OR OPEN RANGE BREAKOUT STRATEGY

The Opening Range Breakout (ORB) Strategy is a time-based intraday trading method where traders define a specific opening time window—usually the first 5, 15, or 30 minutes after market open to mark the high and low of that range.

A trade is triggered when price breaks out of this range:
📈 Buy when price breaks and closes above the opening range high
📉 Sell when price breaks and closes below the opening range low

This strategy works best on highly volatile instruments and is ideal for capturing early directional momentum. It’s commonly used by intraday traders to catch big moves that often occur after the market establishes its initial trend.

THIS INDICATOR PLOTS THE RANGE AUTOMATICALLY.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。