ORB Indicator
- Indicatori
- PATRICK PAARSCH
- Versione: 1.0
- Attivazioni: 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:
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Line plots for ORH, ORL, and ORM (Opening Range High/Low/Middle)
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Graphical objects for targets, signals, and OR box
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Color coding based on the daily direction
Parameters:
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All key settings available as input parameters
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Flexible time configuration for the opening range
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Customizable colors and styles
Functionality:
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Session management for OR times
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Target calculation with configurable percentages
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Signal logic with bias options
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Option to display historical data
Special Features:
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Object management for clean chart display
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Memory-efficient implementation
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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.
