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Oculus ORB Pro v1
Oculus ORB Pro v1
Version 1.0 | Pine Script v6
Overview
Oculus ORB Pro v1 delivers a robust Opening Range Breakout (ORB) system designed for clarity and precision. It automatically measures the high and low of the first N minutes after the New York open, then generates entry signals on clean breakouts, filters by trend and volume, and plots multi-level profit targets and stops.
Key Features
Configurable Opening Range
Defines high/low over the first N minutes after 9:30 AM ET (selectable).
Trend Filter
Optional 200-period EMA filter to align breakouts with higher-timeframe trend.
Volume Spike Confirmation
Optional filter that requires current volume to exceed a multiple of the moving average.
Automated Breakout Signals
Plots clear up/down arrows once price closes beyond the opening range and all filters pass.
ATR-Based Profit Targets & Stops
Automatically calculates three exit levels (0.5×, 1×, 1.5× ATR by default) and plots a protective stop at the opposite range boundary.
Fully Adjustable Inputs
Fine-tune range duration, ATR length, EMA length, volume lookback and multiplier, and target multipliers.
How to Use
Apply to Chart - Best on 1 m to 15 m timeframes.
Set Inputs - Choose opening range duration, enable/disable trend and volume filters, and adjust ATR and target multipliers.
Interpret Signals -
Long when a candle closes above the range high after the defined period (with filters met).
Short when a candle closes below the range low after the defined period.
Manage Exits - Scale out at TP1, TP2, TP3 levels and use the plotted stop to limit risk.
Inputs
Opening Range Duration (minutes): 30
ATR Length: 14
TP Multipliers (ATR): 0.5, 1.0, 1.5
Trend Filter (200 EMA): On/Off
Volume Spike Filter: On/Off
Volume Lookback: 20
Volume Spike Multiplier: 1.5
Version History
1.0 – Initial public release with core ORB logic, trend/volume filters, and ATR exits.
Disclaimer
This indicator is provided for educational purposes only. Always backtest with your own parameters and apply sound risk management before trading live.
Version 1.0 | Pine Script v6
Overview
Oculus ORB Pro v1 delivers a robust Opening Range Breakout (ORB) system designed for clarity and precision. It automatically measures the high and low of the first N minutes after the New York open, then generates entry signals on clean breakouts, filters by trend and volume, and plots multi-level profit targets and stops.
Key Features
Configurable Opening Range
Defines high/low over the first N minutes after 9:30 AM ET (selectable).
Trend Filter
Optional 200-period EMA filter to align breakouts with higher-timeframe trend.
Volume Spike Confirmation
Optional filter that requires current volume to exceed a multiple of the moving average.
Automated Breakout Signals
Plots clear up/down arrows once price closes beyond the opening range and all filters pass.
ATR-Based Profit Targets & Stops
Automatically calculates three exit levels (0.5×, 1×, 1.5× ATR by default) and plots a protective stop at the opposite range boundary.
Fully Adjustable Inputs
Fine-tune range duration, ATR length, EMA length, volume lookback and multiplier, and target multipliers.
How to Use
Apply to Chart - Best on 1 m to 15 m timeframes.
Set Inputs - Choose opening range duration, enable/disable trend and volume filters, and adjust ATR and target multipliers.
Interpret Signals -
Long when a candle closes above the range high after the defined period (with filters met).
Short when a candle closes below the range low after the defined period.
Manage Exits - Scale out at TP1, TP2, TP3 levels and use the plotted stop to limit risk.
Inputs
Opening Range Duration (minutes): 30
ATR Length: 14
TP Multipliers (ATR): 0.5, 1.0, 1.5
Trend Filter (200 EMA): On/Off
Volume Spike Filter: On/Off
Volume Lookback: 20
Volume Spike Multiplier: 1.5
Version History
1.0 – Initial public release with core ORB logic, trend/volume filters, and ATR exits.
Disclaimer
This indicator is provided for educational purposes only. Always backtest with your own parameters and apply sound risk management before trading live.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.