Institutional_Orb

Institutional ORB

Institutional ORB is a precision-built Opening Range Breakout indicator designed for traders who wait for confirmation, structure, and alignment—not impulsive breakouts.

This script defines a customizable Opening Range (default 8:00–8:15 AM ET), tracks price behavior after the range is formed, and generates signals only when the market delivers a high-quality break-and-retest in your favor.

Recommended Timeframes

Institutional ORB is designed to be run on lower execution timeframes, where the break-and-retest structure is most clearly defined.

Best execution charts:

1-minute (primary / most precise)

2-minute

3-minute

5-minute

The indicator internally evaluates 1m, 5m, and 15m conditions for A+ confirmation, so running it on these lower timeframes gives the cleanest entries while preserving higher-timeframe context.

⚠️ Not recommended for timeframes above 5 minutes for entries, as retest precision and execution timing degrade.

Core Logic (How Signals Are Generated)

Institutional ORB follows a strict, rules-based sequence:

Opening Range Construction
The indicator measures the high, low, and midpoint of a user-defined opening range.

Breakout Detection
Price must break cleanly above or below the opening range to establish directional intent.

Retest-Based Entry (No Chase Entries)
Entries are only considered after price returns to structure, with a choice of:

Range Edge retest (ORB high/low), or

Midline retest (ORB midpoint)

Reclaim Confirmation
After the retest, price must close back in the breakout direction, ensuring acceptance—not rejection.

Cash-Session Discipline
Retests that occur before 9:30 AM ET are ignored. The script waits patiently for a valid post-open structure.

A+ Setup (Multi-Timeframe Alignment)

Institutional ORB introduces an A+ qualification system that evaluates alignment across:

1-Minute

5-Minute

15-Minute

A setup is labeled A+ only when all three timeframes agree with the entry direction based on their position relative to the opening range midpoint.

This allows traders to instantly distinguish:

Standard setups vs

High-confluence, high-probability A+ trades

Optional Confluence Filters

Volume confirmation (relative to recent average)

Fair Value Gap (FVG) alignment

Adjustable stop-loss logic (range-based, midpoint, or ATR)

Visual Tools & Dashboard

Opening Range box with extended levels

OR high, low, and midpoint lines

Clear entry labels with A+ tagging

A real-time dashboard showing:

OR status

Breakout direction

Volume & FVG checks

Multi-timeframe bias

A+ qualification