Basic ORB [MOT]

🟢 Basic ORB [MOT] – Opening Range Breakout Indicator by MOT
The Basic ORB [MOT] is a high-performance Opening Range Breakout (ORB) tool built for serious intraday traders. This indicator is being provided to the public for free.

It automatically draws the high, low, and midline of the 9:30–9:45 AM ET session, giving you a visual framework for high-probability breakout and reversal opportunities. You can customize line colors and enable historical ORBs — all from a clean, intuitive interface.

📌 1. ORB High, Low & Midline Levels
Function: Automatically draws the high, low, and midpoint of the 9:30–9:45 session.

• ORB High (green line by default)
  
• ORB Low (red line by default)
  
• Midline (white line) helps gauge control or range equilibrium

📸 Live ORB range drawing: high, low, and midline levels.

🔁 2. Show Previous ORBs
Function: Displays up to N previous days' ORBs for pattern recognition or confluence stacking.

• Previous ORB count up to chart data maximum
  
• Great for seeing whether price respects prior opening ranges
  

📸 Historical ORB ranges for confluence and support/resistance.

🏷️ 3. Dynamic Price Labels
Function: Price labels are placed next to each ORB for quick visibility.

• Labels can be toggled on/off
  
• Customizable text color, background color, and size
  
• Offset control available

⚙️ 4. Fully Customizable Settings Panel
Function: Every visual element is adjustable, including:

• ✅ Line color and width
  
• ✅ Number of historical ORBs
  
• ✅ Label size, position, background/text color

📈 Use Case

• Works best on 1m, 5m, or 15m charts
  
• Ideal for breakout traders, reversal scalpers, or gap/ORB retest strategies
  
• Applies to futures, stocks, ETFs, indexes, and crypto
  

⚠️ Disclaimer
This indicator is intended for educational and informational purposes only. It is not financial advice. Trading involves substantial risk. Always use proper risk management and test in a simulated environment before applying live. The author is not liable for any fi