OPEN-SOURCE SCRIPT

Custom Session ORB Breakout Strategy for Crypto

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🧠 Strategy Logic Overview
Session Setup:

You define the start time (hour + minute in UTC) and duration (default 30 minutes).

The indicator tracks the high and low of that time window.

Breakout Detection (on 5-minute chart):

After the session window ends, the script looks for the first 5-minute candle that closes above or below the defined range.

The direction of the close determines the trade direction (Buy or Sell).

Entry & Risk Management:

Buy Signal: 5-min candle closes above session high.

Sell Signal: 5-min candle closes below session low.

TP = 2× the size of the session range

SL = 1× the size of the session range

These are fully adjustable via inputs.

🔍 Key Features
Feature Description
Works 24/7 Designed for crypto's non-stop trading hours
Custom Session Time Define your own range window (e.g. 00:00–00:30 UTC)
Breakout Entry Triggered by a candle close outside the range
Risk/Reward Built-In Automatically draws TP/SL based on session size
Clear Visuals Green line = session high, Red = session low, Blue = TP, Orange = SL
One Trade Per Session Script waits for exit before re-entering

🧩 User Inputs:
Take Profit Multiplier (default: 2.0× range)

Stop Loss Multiplier (default: 1.0× range)

Session Hour / Minute (UTC) – defines when to track the range

Session Duration – default is 30 minutes

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.