Rapid ORB Pro – Breakout & Fakeout Detector (Multi Sessions)

8月22日

"Multi-session ORB tool with breakout confirmation, fakeout detection, and volume filter for true momentum trades. DLS confusion proof"

Description

The Rapid ORB Pro indicator is designed to identify opening range breakouts (ORB) across multiple sessions and confirm whether the move is valid or a likely fakeout. This tool works on any asset and timeframe where range trading is relevant. Also coded in a way to tackle daylight saving issue around the world.

Core Concepts

1. Opening Range Breakout (ORB):
The indicator marks the defined opening range for each session and tracks when price breaks above or below this range.

2. Confirmation Rules:
A breakout is only confirmed when:

• The breakout candle shows a strong body (momentum candle), not just a wick.
  
• The candle closes beyond the prior candle’s high or low, ensuring follow-through.
  
• The structure aligns with market flow (Higher High / Higher Low in bullish context, Lower High / Lower Low in bearish context).
  

These conditions help filter weak breakouts and highlight true momentum moves.

3. Fakeout Detection (FO):
If price breaks out but the very next candle closes back inside the opening range, an FO marker is plotted. This helps traders exit limit orders quickly and avoid false signals.

4. 7-Bar Check:
If no valid breakout occurs within 7 candles after the range, the indicator prints a “7” on the chart. This signals a likely choppy session where breakout trades have lower probability.

5. Volume State Table:
A table on the chart compares the breaker candle’s volume with the highest volume candle inside the opening range. This provides a quick assessment of whether the breakout was backed by strong participation (High Volume) or weaker flow (Low Volume).

Use Cases

• Works on forex, indices, commodities, and crypto.
  
• Useful for scalpers looking to catch the first breakout of the day.
  
• Helps swing traders filter false moves in volatile sessions.
  
• Can be applied to any range trading strategy, not limited to session opens
  

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Trading Tip

• Trend is your friend, with trend behind the signal probability goes high.
  
• Check the previous session or prior day stab (PD stab).
  
• Watch for SMT divergence forming across correlated pairs.
  
• If SMT lines up with a signal, the breaker confirmation is stronger.
  
• Both SMT alignment and trend behind valid breakout candle increase the probability of a sustained move.
  
• Always start with lower time frame and go up the time frame ladder. Depending on the market you can catch move earlier within lower time frame.
  

Note: Each input option in this indicator includes a tooltip with detailed explanations. We recommend experimenting with the settings and backtesting to discover what aligns best with your trading style and comfort zone. By default, the confirmation filters are set to what we have found to be the most effective combinations.

Disclaimer

This indicator is for educational and informational purposes only. It does not provide financial advice or guarantee results. Trading involves significant risk, and you should carefully consider your objectives and risk tolerance before using this tool in live markets. Always conduct your own research and backtesting.

10月16日

發行說明

Rapid ORB Pro – Breakout & Fakeout Detector (Multi-Sessions) V2.0
Version Update Summary

This update focuses on precision, user control, and enhanced range behavior analysis. Based on extensive live-chart and backtesting results, several important upgrades have been implemented to improve signal clarity and adaptability across market conditions.

1. New User Toggles
Two new display controls have been added under the Alerts section to help traders manage visual clutter and focus on the signals that suit their trading style.

a. “Show Fakeout (FO) Signal”

• When enabled, the indicator marks “FO” on the chart wherever a fakeout occurs.
  
• A fakeout (FO) happens when price initially breaks out of the Opening Range but then immediately closes back inside or beyond the opposite edge on the following candle.
  
• This behavior often indicates liquidity traps, false breakouts, or stop-hunts, which can offer valuable reversal opportunities.
  
• Traders can now choose to display or hide FO markers according to their strategy.
  

b. “Show 7 Candle Signal”

• When enabled, the indicator prints a “7” label at the top of the chart when price stays inside the Opening Range for seven consecutive candles without breaking out.
  
• If any candle closes outside the range before the seventh, the tag will not appear.
  
• Backtesting shows that when the market remains confined within the range for seven bars, two possibilities frequently follow:
  

1. A choppy or indecisive phase, or
2. A strong directional move once breakout finally occurs.

• This feature helps traders identify “energy compression” setups where volatility is likely to expand sharply.
  

2. Enhanced Logic for Cleaner Signal Behavior

• The FO signal logic has been refined so that it only triggers once per session, immediately after a valid breakout candle, ensuring the fakeout is recognized correctly and avoids duplicate triggers.
  
• The “7” tag logic now checks that no candle has closed outside the range during the counting sequence, making it much more reliable in live trading.
  
• Both signals are designed to reset cleanly at the start of each new session window.
  

3. Visual Consistency

• Each session’s signal color continues to follow its defined range color (NY, LO, SYD).
  
• All markers, lines, and range boxes remain synchronized with their respective session windows.
  
• No visual style or layout has been altered to preserve backward compatibility for existing users.
  

5. Key Takeaway
The addition of the 7-Candle Signal and the refined Fakeout (FO) detection make this version of Rapid ORB Pro even more adaptive to real-time market structure.
In backtesting and forward observation, the “7” setup has proven highly useful for identifying moments when the market is storing potential energy within the range — often preceding the most explosive breakouts of the session.
Together, these improvements strengthen the tool’s reliability across different timeframes and trading styles.

10月25日

發行說明

Rapid ORB Pro – Breakout & Fakeout Detector (Multi Sessions) V4.0

Major upgrade from Version 2 – now with built-in trend filter and higher-timeframe confirmation logic.

Summary
Rapid ORB Pro V4.0 introduces a full trend-adaptive system to the multi-session breakout framework.
It refines all three global sessions (New York, London, Sydney) with dynamic filters, higher-timeframe stability, and optimized signal logic.

• []Multi-session ORB engine with individual projection and confirmation windows.
  []Automatic breakout, fakeout, and “inside 7-bar” detection.
  []Now includes a smart trend gate driven by higher-timeframe EMAs.
  []Built for precision, stability, and minimal repaint.
  

New in Version 4.0
Trend Determination System + Directional Filtering

• []Added configurable Trend Filter modes: Disabled, Long Only, Short Only, EMA Cross, Price Position.
  []User-defined reference timeframe (HTF) for directional bias validation.
  
• Breakouts now align only with the active market trend.
  

True HTF Confirmation

• []EMA values and trend direction are frozen until the higher-timeframe bar closes.
  []Prevents flicker or false trend shifts mid-bar.
  

Optional Mode Enhancements

• []Long-Only or Short-Only bias modes for selective strategy testing.
  []Price-Position logic checks price relative to both EMAs for clearer bias confirmation.
  

Session Logic & Performance Improvements

• []Fixed S3 alert naming and session label alignment.
  []Optimized volume status and fakeout evaluation for lower latency.
  
• Reduced re-draw overhead without changing signal accuracy.
  

Core Features (Retained from V2)

• []Three independent session blocks with custom time zones.
  []Breakout confirmation based on body size, structure, and momentum.
  []Fakeout (FO) labels for liquidity traps and false breaks.
  []“Inside 7” signal to mark low-volatility build-ups.
  
• Volume status tile for real-time breaker volume comparison.
  

How to Use the Trend Filter

• []Select a reference timeframe (e.g., 60 min or 240 min).
  []Choose trend mode – EMA Cross or Price Position.
  
• Breakouts will only plot if the trend direction matches the signal bias.
  

Recommended Setup

• []Chart TF: 1-15 min (for intraday trading).
  []Reference TF: 1-4 hr (for trend confirmation).
  
• Combine with volume or delta tools for high-probability setups.
  

Disclaimer
This indicator is for educational and analytical use only. It does not constitute financial advice or a trading recommendation.
Always test and manage risk before live execution.

10月25日

發行說明

Sorry while publishing V4.0 we forgot to change the signal UP/DOWN to LONG/SHORT. This publishing we just updated the signal wording.

Enjoy the indicator. You will enjoy very good results. We have already tested it.