15m ATR Target (Long-Only)

15m ATR Target (Long-Only) Indicator

Overview
This custom indicator combines two powerful intraday tools into one clean overlay:

10-Minute Opening Range Breakout (ORB) – Yellow dashed lines marking the high and low of the first 10 minutes after your chosen session start.

15-Minute ATR Target – A green dotted line set at (15-min block close + ATR), recalculated and redrawn every 15 minutes.

Together, they give you both a classic ORB framework and a volatility-based price target for long entries.

How It Works

1. Define Your Session Start
You choose the clock time (e.g. 9:30 AM). From that moment:

For the next 10 minutes, the indicator records the highest high and lowest low.

2. Draw the 10-Minute ORB Lines
As soon as those 10 minutes pass, two yellow dashed horizontal lines appear at the OR high and low, extending right across your chart. These mark your key breakout levels.

3. Split the Day into 15-Minute Blocks
Independently, the day is also broken into fixed 15-minute intervals (e.g. 9:00–9:15, 9:15–9:30, etc.).

4. Measure ATR in Each Block
For each 15-min window, the script calculates the Average True Range over that block’s bars—a gauge of how much price typically moves within 15 minutes.

5. Capture Each Block’s Close
When the clock ticks past each 15-min boundary, the script notes that block’s closing price.

6. Plot the ATR-Based Target
Immediately after each 15-min block, a green dotted line is drawn at (block close + ATR). This line extends forward a set number of bars, giving you a dynamic upper-target level for long trades.

7. Auto-Refresh & Alerts
Both the ORB lines and ATR target update automatically:

8. The ORB lines appear once at the 10-min mark and persist all day.

The ATR target line deletes and redraws every 15 minutes, so you’re always seeing the latest volatility-adjusted target. You can also enable an alert to ping you the moment price crosses above the ATR target.



Why Use It?

• Opening Range Clarity: The 10-min ORB is a widely used breakout setup; these yellow lines give you clear entry and stop levels.
  
  
• Volatility-Adaptive Targets: The ATR-based green line adjusts to current market chop or calm, so your profit targets stay relevant.
  
  
• Long-Only Focus: Everything is designed around catching upside breakouts—ideal for bulls and momentum traders.
  
  
• Fully Automated: No manual drawing or recalculation—just add it and trade its levels.
  

Ideal For:

• Intraday traders looking for volatility-based, long-only entry targets incorporating an ORB strategy.
  
  
• Anyone who wants an objective way to gauge whether price has moved “beyond normal” and is ready to run further.
  
  
• Volatility-Adaptive Targets: The ATR-based green line adjusts to current market chop or calm, so your profit targets stay relevant.
  
  
• Long-Only Focus: Everything is designed around catching upside breakouts—ideal for bulls and momentum traders.
  
  
• Fully Automated: No manual drawing or recalculation—just add it and trade its levels.
  

Add the 15m ATR Target to your chart today and start spotting volatility-backed, long-only opportunities with confidence!