Passive Pip Hunter ORB Indicator MT5
- Indicateurs
- Version: 1.0
- Activations: 10
Full description
TPPH ORB Indicator marks the opening range for the enabled Asia, London, and New York sessions. Each session has an independent start time and range colour. The opening-range timeframe is configurable separately from the chart timeframe, allowing an M15 or M30 range to be viewed on a lower timeframe such as M1.
Once the selected opening range is formed, the indicator can mark the first confirmed breakout when a chart candle closes outside that range. Optional potential entry, stop-loss, and target levels are calculated using the configured risk/reward ratio. Confirmation arrows and risk/reward levels can be enabled or disabled.
Session start and signal cutoff times use broker/server time. Adjust them to match your broker's session schedule and daylight-saving changes. The indicator displays chart information and does not place trades.
Key features
- Independent Asia, London, and New York session boxes
- Configurable opening-range timeframe, independent of chart timeframe
- Session-specific box colours
- Breakout confirmation after a candle closes outside the range
- Optional confirmation arrows
- Optional potential entry, stop-loss, and target levels
- Adjustable risk/reward ratio and stop buffer
- Configurable number of historical sessions
- Optional alerts and chart title
