DP_ORB Pro

Draws the opening range, the breakout past it, and a full entry, stop and three-target ladder live on the chart, so the whole trade plan stays visible while it plays out.

Not for sale documented here in full Finished scripts, published as reference

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Fig. 1 The drawn ladder. The opening range, the breakout past it, and the entry, stop and three take-profit levels the indicator draws live. Drawn from generated data, not a capture.

01 Function

A full opening-range toolkit

DP_ORB Pro is a full Opening Range Breakout visual toolkit. It draws the opening-range box, plus optional pre-market and after-hours range boxes, computes an EMA-direction filter with an optional higher-timeframe bias, and on a qualifying breakout draws an entry line, a stop-loss line, and three take-profit lines, gated by an ATR and volatility filter that skips low-quality opening ranges.

It also carries the same EMA cloud and dual-Supertrend visual system as DP_FuturesAlgo, so it works as a general trend indicator outside the opening window too.

A companion strategy, DP_ORB_Edge, takes the same shape of levels and wires them to real backtestable orders.

02 Method

A trade lifecycle as drawn objects

The distinguishing mechanic is that it tracks and visualises a full trade lifecycle as drawn objects: live stop-loss and TP1/TP2/TP3 lines and labels that move and get invalidated in real time, a "hit TP1, move stop to breakeven" label event, and an optional one-trade-per-day gate. It remains a pure indicator throughout: the levels are drawn and updated, and the only exit it takes on its own is a same-bar close reversal back inside the range. No order is ever submitted.

Entry, stop and the three targets are computed the moment a breakout qualifies, then held and redrawn every bar until the trade closes or the session ends.

03 Settings

What you tune

ORB session window: 09:30–09:45
Take Profit 1 / 2 / 3: Percent targets
EMA direction filter: + length
Higher-timeframe EMA bias: Optional
ATR volatility filter: Skips thin ranges
One trade per day: Toggle

04 Spec

Specification

Type: Indicator
Pine version: v6
Chart placement: Overlay
Plots: Range box, entry / SL / TP1–3 lines, EMA cloud
Alerts: Breakout, exit, TP1-hit breakeven
Market: Intraday futures and equities
Timeframe: 1–5 minute, NYSE 09:30 open

05 Reference

Published as reference

This script is finished and documented in full on this page. It is not for sale.

Questions about this script: deishmedia@gmail.com.