Key Levels Inc ORB by JJ

This indicator is designed specifically for Stock CFDs and Indices (e.g. US30, US500, NAS100, Tesla, AMD, Meta) to help traders quickly visualise and trade around key market levels with a focus on the Opening Range Breakout (ORB).

✨ Features:
• Previous Week High/Low (PWH/PWL) – plots institutional key levels for higher-timeframe confluence.
• Opening Range (ORB) – fully customisable start & end time (default: 14:30–14:45 UK time for US markets).
• Trading Range Filter – avoid false signals in choppy markets by requiring a minimum range size (Points or %).
• Signal System
• Buy/Sell signals triggered only on candle close beyond ORH/ORL (no wick traps).
• Optional Flip Trades mode (invert signals).
• Longs, Shorts, or both can be toggled.
• Multiple signal styles (Label, Circle, Triangle, Arrow) with custom size and colours.
• Retest Confirmation (optional) – signal only fires after a price retest of the breakout level, with flexible tolerance controls (Points, %, ATR).
• ATR% Filter – suppresses signals when volatility is too low (default: ATR(14) ≥ 0.3% of price).
• Session Filter – signals only during your defined trading session (default: 14:30–21:00 UK).
• Customisable Levels – change line widths, label text, and visibility to fit your charting style.

🎯 Why use it?

This tool combines classic key levels with a robust ORB strategy to remove noise and highlight only high-probability breakout conditions. It’s flexible enough for scalpers and day traders, but also powerful for swing traders seeking confluence with weekly highs/lows.

⚙️ Default Settings (v1.0 Benchmark):
• ORB: 14:30–14:45 UK
• Trading Range: 14:30–15:00 UK (≥ 1 point)
• ATR Filter: 14-length, 0.3%
• Session: 14:30–21:00 UK
• Retest Confirmation: ON, Wick touch, 0.1 pts tolerance, 20 bars max
• Signal Style: Arrow, Size: Normal
• Buy: Green, Sell: Red