Market / MetaTrader 5 / Indicators /

ORB Indicator

35 USD

Demo downloaded: 11

Published: 9 July 2025

Current version: 1.0

ORB Indicator

Indicators
PATRICK PAARSCH
PATRICK PAARSCH
Germany

744
Version: 1.0
Activations: 15

Opening Range Detection – Detects the opening range based on a configurable time period
Breakout Signals – Displays signals on breakouts of the OR levels
Targets – Calculates and shows target levels based on a percentage of the OR width
Daily Bias – Considers the daily trend for signal filtering
Moving Average – Optionally displays moving averages

Important Adjustments for MQL5:
Visualization:

Line plots for ORH, ORL, and ORM (Opening Range High/Low/Middle)
Graphical objects for targets, signals, and OR box
Color coding based on the daily direction

Parameters:

All key settings available as input parameters
Flexible time configuration for the opening range
Customizable colors and styles

Functionality:

Session management for OR times
Target calculation with configurable percentages
Signal logic with bias options
Option to display historical data

Special Features:

Object management for clean chart display
Memory-efficient implementation
Robust time handling across time zones
✅ Precise time calculation for various markets
✅ Flexible configuration without code changes
✅ Global compatibility for all trading sessions
✅ Easy operation via integer parameters

The indicator now calculates all time-based functions (Opening Range, Custom Range, Session Detection) based on the set time zone, making it usable worldwide across different markets.

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ORB Indicator

PATRICK PAARSCH