ORB Breakout Traffic Signal (5/15/30)

ORB Breakout Traffic Signal (5/15/30)

This indicator visualizes Opening Range Breakouts (ORB) for the first 5, 15, and 30 minutes of the US regular trading session (09:30–16:00 ET).
It provides a compact, easy-to-read traffic signal table on your chart to show whether price is breaking out, breaking down, or consolidating inside the range.

🔑 Features

Auto-anchors at 09:30 ET (converted to your local time automatically).

Tracks ORB High/Low for:

5-minute window (09:30–09:34)

15-minute window (09:30–09:44)

30-minute window (09:30–09:59)


Displays results in a compact table:

↑ (green) → price has broken above the ORB high

↓ (red) → price has broken below the ORB low

• (gray) → price remains inside the ORB range (optional; can be disabled)


Customizable:

Toggle which ORBs to show (5m, 15m, 30m)

Choose table position (top/bottom left/right)

Adjustable text size

Option to plot the ORB High/Low lines on your chart


📌 Usage

Designed for intraday traders watching US equities/ETFs/futures.

Works best on 1-minute or 5-minute charts with Extended Hours turned OFF (so the session starts exactly at 09:30 ET).

Helps you quickly spot early breakouts (5m), mid-session trends (15m), or confirmed directional moves (30m).


⚠️ Notes

Signals only update during the RTH session

Outside market hours, the last locked ORB and signal remain displayed until the next open.

This tool is for analysis/visualization only; not a buy/sell signal. Always combine with your own trading strategy and risk management.

👉 Perfect for traders who want a quick visual confirmation of whether price is breaking out of the opening range or stuck inside it.