ORB Precision Pro MT5
- Indicatori
-
Yatin Bhola Soni
MT4/MT5 Developer specializing in custom indicators, Expert Advisors (EAs), and trading tools.
I develop reliable and efficient trading solutions based on client strategies and requirements.
My services include:
• Custom MT4 and MT5 Indicators
• Expert Advisor (EA) Development - Versione: 1.0
- Attivazioni: 5
Professional Opening Range Breakout (ORB) indicator designed for precision session trading with automatic time handling, breakout alerts, and advanced target levels.
This indicator automatically identifies the Opening Range for any configurable session, plots the High, Low, and Midpoint levels, and extends them across the trading day. Built-in breakout detection and alerts, range measurements, and extension targets provide traders with clear structure and actionable levels.
Ideal for traders using New York Open, London Open, Asian Session, or custom breakout strategies across Forex, Indices, Futures, and Commodities.
Core Features
✔ Automatic Opening Range High & Low calculation
✔ Midpoint (50% level) plotting
✔ Full session box visualization
✔ Breakout alerts on confirmed closes
✔ Breakout arrows for visual confirmation
✔ Multiple extension targets (1R, 2R, 3R and custom levels)
✔ Automatic Daylight Saving Time (DST) handling
✔ Broker time conversion support
✔ Non-repainting mode for reliable backtesting
✔ Range size display in Pips or Points
✔ Historical session plotting (configurable days back)
Smart Time Handling (Automatic DST)
The indicator automatically adjusts for U.S. Daylight Saving Time using official U.S. rules:
• DST starts: Second Sunday in March
• DST ends: First Sunday in November
Session times remain accurate throughout the year without manual adjustments.
Works correctly regardless of broker server timezone.
Session Range Visualization
The indicator calculates the true High and Low within your selected time window and displays:
• Session High line
• Session Low line
• Midpoint level
• Colored session box
• Range size measurement
• Price level labels
All levels extend throughout the trading day for clear reference.
Breakout Detection & Alerts
Detect confirmed breakout moves with reliable alert logic.
Features include:
• Alerts triggered on candle close (not wick touch)
• Optional re-entry logic
• Separate tracking for upside and downside breakouts
• Visual breakout arrows
• Daily reset logic
This helps reduce false signals and improves decision clarity.
Extension Targets (R-Multiple Levels)
Automatically calculate take-profit targets based on Opening Range size.
Supports:
• 1R, 2R, 3R targets
• Custom target multipliers
• Symmetrical levels above and below range
• Optional Fibonacci-based levels (example: 1.618)
Perfect for structured trade planning and risk management.
Range Measurement Display
Displays the Opening Range size using:
• Pips (Forex instruments)
• Points (Indices, Futures, Commodities)
Automatically adapts to symbol digit precision.
Non-Repainting Mode
Two operation modes available:
Non-Repainting Mode (Recommended)
Levels are finalized only after session completion and never change.
Live Updating Mode
Range updates dynamically during the session.
Ideal for both live trading and historical analysis.
Fully Customizable Inputs
Adjustable settings include:
• Session start and end time
• Broker UTC offset
• DST handling
• Line colors and styles
• Box display settings
• Breakout alerts
• Extension levels
• Historical depth
• Range display type
• Arrow visualization
Recommended Use
Best used on:
• 1-minute charts
• 5-minute charts
Supports:
✔ Forex
✔ Indices (NAS100, US30, SPX)
✔ Gold
✔ Futures
✔ Commodities
