Opening Range Breakout and Session box
- Indicatori
- Nicanor Jr Cagape Layco
- Versione: 3.13
- Attivazioni: 5
This Indicator is inspired by the popular beat the market maker indicator from MT4.
Now you can utilize it for MT5 use.
Opening Range Breakout (ORB) Indicator for MT5 – Product Description
Overview
The Opening Range Breakout (ORB) Indicator for MetaTrader 5 is designed to give traders a clear and instant view of the most important price action of the day — the opening range. It automatically marks the high and low of the first minutes or hours you choose, helping you see where the market is setting its boundaries before making its first decisive move.
Purpose
The ORB concept is built on a simple truth: the first part of a trading session often sets the tone for the rest of the day. Large players establish positions, volatility is higher, and price tends to react strongly when breaking out of this early range. This indicator turns that principle into a visual, easy-to-use tool. By showing you exactly where the opening range sits, it helps you spot breakout opportunities and plan trades with precision.
Why Traders Use It
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Spot Momentum Early – Identify when price is breaking out with strength, signaling possible trending moves.
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Clear Visual Boundaries – The high and low of the opening range are drawn directly on your chart for quick reference.
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Customizable Timing – Choose the exact time window to define your opening range based on your market and strategy.
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Works Across Markets – Forex, commodities, indices, and even crypto — adaptable to any instrument available on MT5.
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Supports Risk Control – Use range boundaries for stop-loss, target placement, or scaling strategies.
Who It’s For
Perfect for day traders, scalpers, and swing traders who want a structured way to read the market’s early session behavior and act on it with confidence.
