[IX] 15min ORB + Volume Trend DeltaIX 15-Minute ORB + Trend Volume Delta
A powerful intraday tool that combines Opening-Range Breakouts with a real-time volume delta tracker and adaptive trend logic—built for traders who want to stay on the right side of momentum and liquidity.
🔹 WHAT THIS INDICATOR DOES
• Automatically draws the Opening Range (ORB) for London (07:00–07:15 UTC) and New York (13:30–13:45 UTC) sessions.
• Once the ORB is set, it highlights the high and low levels throughout the session.
• Adds key previous levels: yesterday’s High, Low, Open and the most recent 4H High/Low.
• Includes a Trend MA with ±2× ATR(200) bands to define bullish/bearish market conditions.
• Tracks buy vs sell volume within the current trend regime and shows it live on your chart as a percentage delta.
🔹 HOW TO USE IT
Set your chart to 5-minute timeframe (or any intraday timeframe up to the selected ORB window).
When the session begins, the script automatically locks in the ORB zone.
Once the ORB is formed:
• If price breaks and holds above the ORB ➤ focus on longs.
• If price breaks and holds below the ORB ➤ focus on shorts.
Use the Trend Volume Delta as confirmation—strong buy delta supports longs, strong sell delta supports shorts.
Targets and support/resistance can be aligned with previous Daily / 4H levels.
🔹 TREND FILTER & VOLUME DELTA
• The adaptive trend MA uses CMO-based weighting, becoming more responsive during momentum shifts and more stable during chop.
• Trend regime is defined by price closing above or below the ±2× ATR bands.
• While inside a regime (bullish or bearish), the script accumulates volume:
– Bullish = volume from green candles (close > open)
– Bearish = volume from red candles (close < open)
• Displays total buy/sell volume and the percentage delta live in a compact table.
🔹 CUSTOMIZATION OPTIONS
• ORB duration (1–15 min)
• Custom session times for London and New York
• Toggle display for ORBs, previous levels (Daily / 4H), volume delta table, watermark
• Fully adjustable ORB and trend colors
• Trend/Momentum settings, table size and position
🔹 ALERTS INCLUDED
• Price breaking above or below the London or NY ORB
• Alerts only trigger after the ORB is set—perfect for breakout entries
🔹 WHY THIS MATTERS
• ORBs are used by institutional traders to define the day’s first true directional intent
• Trend filter avoids chasing noise by adjusting to volatility
• Volume Delta shows who’s in control—buyers or sellers
• Previous levels give natural reaction points for entries, stops, and targets
🔹 DISCLAIMER
This indicator is for educational use only. Not financial advice. Always do your own research and manage risk responsibly.
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