ORB Scalp setup by Unenbat

27 thg 7

Description
ORB Scalp Setup by Unenbat is a precise breakout scalping tool that identifies short-term price ranges at the transition between hourly sessions.

📌 Core Features:

Draws a dynamic box using the price range from the last 3 minutes of the previous hour and the first 3 minutes of the new hour (total 5m59s range).

Automatically plots:

Box representing the selected range.

Opening Price Line at the start of the hour.

TP Lines (Take Profit) above and below the box at customizable distances.

BE Lines (Break-Even) above and below the box at customizable distances.

Box and line lengths are user-defined (default: 60 minutes).

Works across historical data (up to the last 100 days).

Fully customizable visuals (colors, offsets, visibility toggles).

🎯 How to Use:

Ideal for scalp traders using breakout strategies.

Enter trades when price breaks above or below the box range.

Use TP and BE lines as clear reference levels for exits or trailing stop logic.

⚙️ Custom Settings:

Enable/disable each component (box, open line, TP line, BE line).

Set your own offset in pips for TP/BE lines.

Adjust the box duration to match your trading style.

Modify start and end times of the range as needed.

8 thg 8

Phát hành các Ghi chú

This indicator marks the Opening Range Box (ORB) by combining the last 3 minutes of the previous hourly candle and the first 3 minutes of the current one (total of 6 minutes). It captures the high and low during this range and projects a visual box across the full hour to guide scalp entries.

✅ Includes customizable Take Profit (TP) and Break Even (BE) levels above/below the ORB
✅ Helps identify breakout or reversal areas within the 1H timeframe
✅ Best used on the 1-hour chart