NeuraEdge ORB Professional Opening Range Breakout Indicator-15m

🚀 NeuraEdge ORB - Professional Opening Range Breakout Indicator

We're excited to release this clean, effective Opening Range Breakout (ORB) indicator for the trading community. The 15-minute ORB is one of the most time-tested intraday strategies, and we've built this tool to make it simple and actionable.

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📖 WHAT IS THE 15-MINUTE ORB STRATEGY?

The Opening Range Breakout strategy captures the initial price range established in the first 15 minutes of market open (9:30-9:45 AM ET). This range often sets the tone for the trading day, as institutional order flow and overnight gap reactions play out during this window.

The concept is simple:
- Mark the HIGH and LOW of the first 15 minutes
- Trade the breakout when price breaks above or below this range
- Use the opposite side of the range as your stop loss

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⚙️ HOW TO USE THIS INDICATOR

1️⃣ SETUP
• Apply to SPY, QQQ, IWM, or any liquid stock/ETF
• Recommended timeframes: 1-minute or 5-minute charts
• The indicator automatically detects the 9:30-9:45 AM ET session

2️⃣ WAIT FOR THE RANGE
• A blue box will form showing the Opening Range
• Wait for the 15-minute period to complete (marked "✅ COMPLETE" in dashboard)
• Note the range size - larger ranges often mean stronger moves

3️⃣ TRADE THE BREAKOUT
• 🟢 LONG: When price closes above the Opening Range High
• 🔴 SHORT: When price closes below the Opening Range Low
• Signals appear automatically with entry, stop loss (SL), and take profit (TP) levels

4️⃣ MANAGE YOUR TRADE
• Stop Loss: Placed at opposite side of range (default) or midpoint
• Take Profit: Based on your selected Risk:Reward ratio
• The indicator tracks win rate automatically

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🎯 ENTRY TYPES

BREAKOUT MODE (Default)
- Enters immediately when price breaks the range
- More signals, catches the initial move
- Best for: Trending days, high momentum

RETEST MODE
- Waits for price to break out, then pull back to the range
- Fewer signals, better entry price
- Best for: Choppy days, tighter stops

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📊 SETTINGS EXPLAINED

Display Settings:
- Show Signals - Toggle buy/sell signals
- Show Opening Range Box - Visual box around the 15-min range
- Show Dashboard - Information panel with status and stats

Opening Range Settings:
- Opening Range Minutes - Default 15, adjustable 5-60
- Stop Trading After - Prevents late-day trades (default 3PM ET)

Entry Settings:
- Entry Type - Breakout or Retest
- Require Volume Confirmation - Only signals on above-average volume
- Require FVG Confluence - Adds Fair Value Gap filter for extra confirmation

Risk Management:
- Stop Loss Placement - Opposite Side / Midpoint / ATR Based
- Risk:Reward Ratio - Set your target (1.5 recommended)

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💡 TIPS FOR BEST RESULTS

✅ DO:
- Trade liquid instruments (SPY, QQQ, major stocks)
- Use 1-5 minute charts for better entry precision
- Respect the stop loss - the range defines your risk
- Pay attention to range size (0.5-1.5x ATR is ideal)
- Be patient - only 1-2 setups per day

❌ AVOID:
- Trading both directions on the same day
- Taking trades after 2-3 PM ET
- Very small ranges (likely to get chopped out)
- Low volume breakouts (often fail)

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📈 DASHBOARD INFORMATION

The dashboard shows:
- OR Status - Forming / Complete / Waiting
- OR High/Low - The range levels
- Range Size - In points and ATR multiples
- Breakout Direction - Long / Short / None
- Volume Status - High or Normal
- Win Rate - Tracked automatically
- W/L Record - Wins and losses count

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🔔 ALERTS INCLUDED

- Opening Range Complete - Notifies when the 15-min range is set
- ORB Long Signal - Buy signal triggered
- ORB Short Signal - Sell signal triggered
- Breakout Up/Down - Range broken (even without signal)

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⚠️ DISCLAIMER

This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose. This is not financial advice.

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We hope you find this indicator valuable in your trading journey!

💬 Questions or feedback? Leave a comment below.

🌐 Check out our full Indicator Suite: neura-edge.com/

📧 Support: [e-mail]

Happy Trading!