Opening Range Breakout
The first 15 minutes set the range. This study trades the break of it with strict, rule-based filters.
Chart overlay · 5-minute or 15-minute charts · Index futures (ES, NQ) and liquid ETFs
What it shows
- Opening range high, low and midline, locked after the first 15 minutes (5, 15 or 30, configurable).
- Long and short breakout arrows, only on a fresh break beyond the range plus a tick threshold.
- Take-profit levels drawn from the range (high plus offset, low minus offset).
- A daily cap on signals per side, a signal time window, and a range filter that blocks the whole day when the opening range is too wide.
- An info box with the session's numbers: open, range, targets, filter status.
How it reads the market
Most opening-range tools fire on every wiggle. This one trades the concept the way desks do: one clean break, inside a time window, only when the range itself is normal. When the opening range exceeds your filter, the day is marked FILTERED and no signal prints.
Settings
| Setting | Default | What it does |
|---|---|---|
| Opening range | 15 min | How long the range builds before it locks. |
| Break threshold | 1 tick | How far beyond the range price must trade to count. |
| Signals per side | 1 per day | Hard cap against overtrading. |
| Signal window | until 11:00 ET | No entries after the morning window closes. |
| Range filter | off | Block the day entirely when the opening range is wider than this. |
| Target offset | 20 points | Where the take-profit lines sit beyond the range. |
Everything is an input: colors, thresholds and time windows adjust from the indicator's settings panel, no code needed.
Built-in alerts
- Long breakout
- Short breakout
Set them once from TradingView's alert dialog and get notified on your phone, no chart-watching required.
Comes with the membership
The whole indicator suite is included with the paid plan, $20/month or $200/year. Subscribe, submit your TradingView username, and the scripts land in your TradingView library.
Founding offer: 50% off the first year, 6 days left.
Get full accessHow to add it to your chart
- Request access above with your TradingView username (one request covers the whole suite).
- We grant it on TradingView, usually within 24 hours; TradingView notifies you.
- On your chart, open Indicators → Invite-only scripts and add Opening Range Breakout.
Baseline settings target ES futures; recalibrate the offsets and the range filter per instrument. Common practice skips FOMC days and expiration Fridays.