ORB Analyzer – Consumer Information
1. What This Indicator Does
ORB Analyzer is a statistical evaluation software for Opening Vary conduct.
It evaluates what traditionally occurred after a spread breakout.
The indicator analyzes:
breakout continuation (TP vs SL hit charges)
pattern persistence over time
imply reversion chance
conduct throughout completely different vary sizes and occasions of day
It doesn’t generate commerce indicators and doesn’t predict the market, however it helps to establish dominant market conduct. Its objective is to help data-driven decision-making.
2. Opening Vary Idea
An Opening Vary is the excessive–low value vary shaped throughout a user-defined time window.
The ORB Analyzer:
is not restricted to market opens
works with any customized time window
evaluates value conduct relative to that vary
All outcomes are normalized utilizing vary multiples, making them comparable throughout volatility circumstances. All calculations use M1 knowledge, impartial of chart timeframe.
Breakouts are evaluated utilizing candle closes solely.
Short-term intrabar strikes and M1 value spikes that don’t shut exterior the vary should not counted as breakouts.
3. Vary Measurement Context
Historic vary sizes are divided into three relative classes:
Small (magenta)
Medium (orange)
Giant (blue)
These classes present statistical context:
small ranges usually present increased breakout likelihood
medium ranges are inclined to imply revert extra usually
massive ranges are extra ceaselessly trend-driven
4. Market Regimes Defined
The indicator classifies every day into one in all three regimes:
For the Breakout mannequin (see determine 1), the indicator:
waits for the primary candle shut exterior the vary
defines commerce course based mostly on that breakout
applies Cease Loss and Take Revenue ranges as vary multiples
A breakout is counted as profitable if the Take Revenue is reached earlier than the Cease Loss.
If each ranges are touched throughout the similar candle, the result is handled conservatively as a failure.
Analysis continues till the top of the buying and selling day.
determine 1: typical breakout state of affairs
The Pattern regime (see determine 2) measures directional persistence, not revenue targets.
A day is classed as a profitable pattern day if:
value breaks out on just one facet of the vary
value doesn’t break the other facet
at or after the outlined TrendEndHour , the final noticed shut stays exterior the vary within the breakout course
This separates momentary enlargement from sustained directional motion.
determine 2: typical pattern state of affairs
Imply reversion (see determine 3) is evaluated in two steps:
Regime classification
A day is classed as mean-reverting if value closes past each sides of the vary after the vary window ends.Imply Reversion commerce simulation
the primary breakout course is recognized
entry happens as soon as value returns again into the vary
Cease Loss and Take Revenue are utilized as vary multiples
success is recorded if TP is reached earlier than SL
As with the breakout mannequin, simultaneous TP and SL hits are handled conservatively.
determine 3: typical imply reversion state of affairs
Distinction between Breakout and Pattern:
Breakout measures whether or not the transfer reached a predefined goal earlier than a predefined cease.
Pattern measures whether or not the market stayed directional till a selected time.
5. Lookback interval & Market Context
For every analyzed buying and selling day, the indicator:
Identifies the outlined vary utilizing the required begin time and length
Shops the vary excessive, vary low, and whole vary dimension
Repeats this course of till the requested variety of previous buying and selling days is collected
A most calendar lookback restrict is utilized to account for holidays and non-trading days.
To mirror altering market circumstances, the indicator is designed to prioritize current knowledge.
Whereas longer lookback intervals can present a broader historic overview, excessively lengthy samples might combine incompatible market regimes.
For sensible evaluation, a lookback of as much as roughly 30- 100 buying and selling days is really useful, with longer intervals used primarily for common context.
6. Inputs
This part explains all enter parameters of the indicator and the way they have an effect on the evaluation.
All occasions are based mostly on the dealer’s server time.
determine 4: enter variables
Common
Chart Image
If left empty, the indicator makes use of the image of the present chart.
Variety of Previous Buying and selling Days
Defines what number of historic buying and selling days are analyzed for the statistics and hit fee calculations.
Larger values enhance statistical stability however might embrace outdated market circumstances.
Most Calendar Days Again (Buffer)
Units the utmost variety of calendar days the indicator is allowed to look again to gather the requested variety of buying and selling days.
Helpful for intervals with holidays or low liquidity.
Opening Vary
OR Begin Hour (Dealer Server Time)
Hour at which the Opening Vary calculation begins, based mostly on the dealer’s server time.
OR Begin Minute
Minute at which the Opening Vary calculation begins.
OR Period (Minutes)
Size of the Opening Vary in minutes.
The excessive and low throughout this era outline the Opening Vary.
Breakout Mannequin
Cease Loss (OR Multiplier)
Cease Loss distance expressed as a a number of of the Opening Vary dimension.
Instance: 1.0 = Cease Loss equals the complete Opening Vary.
Take Revenue (OR Multiplier)
Take Revenue distance expressed as a a number of of the Opening Vary dimension.
Imply Reversion Mannequin
Cease Loss (OR Multiplier)
Cease Loss distance expressed as a a number of of the Opening Vary dimension for imply reversion trades.
Take Revenue (OR Multiplier)
Take Revenue distance expressed as a a number of of the Opening Vary dimension.
Analysis Occasions
Pattern Analysis Time (Hour)
Hour at which breakout (trend-following) efficiency is evaluated.
Imply Reversion Analysis Time (Hour)
Hour at which imply reversion efficiency is evaluated.
Panel
Panel Place (0=LT, 1=RT, 2=LB, 3=RB)
Defines the nook of the chart the place the panel is displayed
(LT = Left Prime, RT = Proper Prime, LB = Left Backside, RB = Proper Backside).
Horizontal Offset (Pixels)
Strikes the panel horizontally from the chosen nook.
Vertical Offset (Pixels)
Strikes the panel vertically from the chosen nook.
Panel Replace Interval (Seconds)
Defines how usually the panel knowledge is refreshed.
7. Disclaimer
All outcomes are based mostly on historic knowledge and don’t account for slippage, spreads, commissions, or execution constraints.
Previous conduct doesn’t assure future outcomes.
