ORB with SMAs

The Advanced Opening Range Breakout (ORB) Trading System combines the power of session-based breakouts with dynamic trend confirmation to identify high-probability trading opportunities. Optimised for the 15-minute timeframe, this indicator captures momentum as price breaks established ranges while ensuring alignment with the underlying trend through moving average validation.

Multiple Session Flexibility
This indicator allows traders to select from three customisable trading sessions:

Session One: Ideal for capturing post-open momentum (default: 09:15-09:20)
Session Two: Perfect for midday breakouts (default: 11:30-11:35)
Session Three: Designed for afternoon momentum shifts (default: 14:00-14:05)

On the 15-minute timeframe, these sessions establish critical price zones that, when broken, often signal significant directional moves with follow-through potential.

SMA Trend Confirmation
The indicator employs a dual moving average system to validate breakouts:

10-period SMA: Fast-moving average representing immediate momentum
20-period SMA: Slower average representing the medium-term trend

This creates a powerful filter that dramatically improves signal quality:

Long signals require the 10 SMA to be above the 20 SMA (bullish alignment)
Short signals require the 10 SMA to be below the 20 SMA (bearish alignment)

Precise Entry Signals
Buy signals appear when:

Price closes above the session's high range
The previous candle was below or at the range high
The 10 SMA is above the 20 SMA
Trading occurs outside the defined session time

Sell signals appear when:

Price closes below the session's low range
The previous candle was above or at the range low
The 10 SMA is below the 20 SMA
Trading occurs outside the defined session time

Intelligent Exit System
The indicator provides clear exit signals through:

SMA Crossover Exits: Precisely timed exit signals when the 10 SMA crosses below/above the 20 SMA
Stop Loss Management: Automatic stop loss placement below recent lows (for longs) or above recent highs (for shorts)

Key Benefits

Versatile Session Selection: Trade the time periods that work best for your schedule and trading style
Trend-Aligned Entries: SMA confirmation significantly improves signal quality
Clear Visual Signals: Easily identify entry and exit points without ambiguity
Built-in Risk Management: Automatic stop loss calculation and visualisation
Adaptable to Market Conditions: Works in trending, ranging, and volatile environments

The Advanced ORB Trading System brings institutional-level breakout trading techniques to retail traders through a comprehensive, easy-to-use indicator. By combining session-based price action analysis with trend confirmation and intelligent exit management, this system provides a complete trading framework optimised for the 15-minute timeframe.
Perfect for both new and experienced traders looking to capitalize on momentum after key session periods, this indicator transforms raw price action into actionable trading opportunities with clearly defined risk parameters.