This indicator implements an Opening Range Breakout (ORB) trading strategy, designed to capture momentum during the most volatile period of the trading session. It identifies the opening range based on user-defined time parameters and plots breakout levels for potential entry signals. The strategy aims to exploit price movements when the market breaks above or below the initial range, often signaling strong directional trends.

Key Features:

• Customizable opening range time window
• Automatic calculation of breakout levels
• Visual alerts for breakout confirmation
• Works across multiple timeframes and instruments
• Ideal for intraday traders seeking high-probability setups

How It Works:

1. Defines the opening range (high and low) for a specified time period.
2. Monitors price action for breakouts beyond this range.
3. Generates trade signals based on breakout direction and optional filters (e.g., volume, volatility).