Description
Simple ORB(Opening range breakout) indicator for New York session opening range.
Customizable ORB time (5/15/30/60min etc.)
Customizable Box color and filling (opacity or no fill)
Customizable ''days back'' to show, because often price revisits previous ORB area in next day.
Best to use with PDL/PDH or similar indicator to avoid false breakouts. (like in last picture)
Summary
AI summary
NY ORB Aegis is an indicator designed to identify the Opening Range Breakout (ORB) for the New York trading session. It allows users to customize the ORB time interval, with options such as 5, 15, 30, or 60 minutes, enabling flexibility to match different trading strategies. The indicator features adjustable box colors and fill opacity to enhance visual clarity on charts. Additionally, it supports displaying ORB zones from previous days, which can be useful as price often revisits these areas. The indicator is recommended to be used in conjunction with other tools like Previous Day Low (PDL) or Previous Day High (PDH) indicators to help filter out false breakouts. It is applicable across various markets including forex, indices, and commodities, and suits breakout and scalping strategies.
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Prop
Forex
Breakout
Scalping
Indices
Commodities
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Since 14/04/2025
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