Advanced ORB Indicator MT4
- Индикаторы
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Tola Moses Hector
I started as a trader, analyzing charts, price action, and market structure long before writing my first line of MQL code. That trading foundation shapes every Expert Advisor and indicator I build. - Версия: 1.1
- Активации: 6
Advanced ORB Indicator MT4 — Opening Range Breakout Tool
Advanced ORB Indicator MT4 is a professional indicator for Opening Range Breakout (ORB) analysis. It identifies session ranges, detects breakouts, and projects multiple target levels with full customization. Designed for traders who want clear entry/exit levels and structured risk management.
Overview
- Customizable session start time and range duration
- Automatic high/low detection with real-time tracking
- Breakout levels with buffer and color-coded visualization
- Multiple target levels based on range size
- Historical ranges with up to 30 days of data
- Real-time dashboard with session status and breakout info
- Alerts via popup, sound, push, or email
Key Features
Range Detection: Session start time, duration, high/low, range size
Breakout Levels: Bullish/bearish triggers, buffer offset, auto-extension
Targets: Up to 5 customizable R:R levels
Dashboard: Current ORB stats, breakout status, target hits
Alerts: Breakout, target hit, range complete notifications
Customization: Colors, line styles, transparency, labels
Usage
1. Attach indicator to chart
2. Set session start time and ORB duration
3. Configure breakout buffer and targets
4. Enable alerts and dashboard display
5. Monitor breakout direction and manage trades accordingly
Recommended Settings
- Forex: Session 00:00 GMT, duration 60 min, targets 2R–4R
- US Stocks: Session 09:30 EST, duration 30 min, targets 1.5R–3.5R
- Indices: Session open, duration 30–60 min, targets 2R–6R
- Commodities: Session 09:00 EST, duration 60 min, targets 2R–5R
Notes
- Indicator only — does not place trades
- Works on all timeframes (M5–H1 recommended)
- Best used on liquid instruments
- Align with higher timeframe trend and avoid major news events
Support & Updates
Verified purchasers receive documentation, updates, and support via MQL5 chat.
