MTF ORB

13 มี.ค.

The Color-Coded Map (What the Lines Mean)
When you put this on your chart, you will see three sets of colors.

The Black Lines (The Lie Detectors - DO, WO, MO): These are the exact Opening prices of the Day, Week, and Month. Think of them as the ultimate "Zero" line.

Layman Rule: If the price is above the black line, the buyers are winning. If the price is below the black line, the sellers are winning. It keeps you from fighting the main trend.

The Blue Lines (Daily High & Low): This is the 15-minute morning trap. The script draws a ceiling and a floor based on the first 15 minutes of the day (09:15 to 09:30).

The Orange Lines (Weekly High & Low): These are the Swing Trader walls. The script waits for Monday to finish, sees the highest and lowest points reached, and draws lines there for the rest of the week.

The Purple Lines (Monthly High & Low): This is the Billionaire's Fortress. The script tracks the first 5 days of the month, finds the extremes, and locks those massive walls in place.

2. How to Actually Trade with It (The 3 Layman Rules)
You do not need to guess where the market is going anymore. You just wait for the price to interact with these lines.

Play #1: The Clear Path (The Momentum Trade)

The Setup: You look at the chart. Nifty is currently trading above the Black Weekly Open (WO) and above the Black Monthly Open (MO). The big money is bullish.

The Action: The price breaks above the Blue Ceiling (Daily High). Because there is no Orange or Purple ceiling blocking your way, the path is clear. You buy Calls (CE) and ride the wave up.

Play #2: The Ceiling Smash (The Trap)

The Setup: The market is chopping around. Suddenly, a big green candle smashes through the Blue Ceiling (Daily High). Retail traders get excited and buy.

The Action: You wait. If the very next candle is red and falls right back under the Blue Ceiling, the breakout was a fake trap set by big players to steal money. You immediately sell Calls (CE) or buy Puts (PE) and ride the panic back down to the floor.

Play #3: The Meat Grinder (When to do absolutely nothing)

The Setup: Nifty is at 24,000. Right above it at 24,020 is the Orange Ceiling (Weekly High). Right below it at 23,980 is the Blue Floor (Daily Low).

The Action: You sit on your hands and go grab a coffee. The market is trapped in a tight box. If you try to trade here, you will get chopped to pieces. You only trade when it completely escapes the box.

3. The Customization (The Dashboard)
If you double-click any of the lines on your chart, a simple settings menu pops up. No coding required.

If your chart feels too messy, you can just uncheck "Show Daily" to hide the blue lines and only focus on the big macro trends.

If you want the Purple lines to be built based on the first 3 days of the month instead of the first 5, you just change the number from 5 to 3. The script does all the math instantly.

14 มี.ค.

Release Note

1. The Visual Structure (Chart Lines)
The script plots the Opening Range Breakout (ORB) boundaries for three different macro timeframes simultaneously.

Daily ORB (Blue Lines): Maps the High and Low of the exact time window you set (default is 09:15 to 09:30).

Weekly ORB (Orange Lines): Maps the High and Low of Monday's opening action. You can set this to be just the "First Half" of Monday or the "Full Day".

Monthly ORB (Purple Lines): Maps the initial balance of the new month. You can set this to strictly use Calendar Days (e.g., locking in the high/low on the 7th of the month) or Trading Days (e.g., the first 5 actual market sessions).

How to use them: These lines act as institutional support and resistance. If the Nifty is above the Blue, Orange, and Purple lines, you are in a "Full Timeframe Alignment" uptrend. You do not short the market in this condition.

2. The Settings Panel (Your Control Center)
Double-click the indicator to open the simplified settings menu.

Exchange Timezone: A dropdown that lets you instantly switch the script's math from the Indian market to the US, London, Tokyo, or Crypto markets.

Which Table to Show?: This is the master switch for your dashboard. You can leave all your chart lines visible, but use this dropdown to instantly snap the data table to show Daily, Weekly, or Monthly statistics.

Use Auto-ATR Engine: Leave this ON. This is the brain of the script. It constantly measures the 14-period Average True Range (ATR) of the asset in the background. It automatically knows that a 1% move on Nifty is huge, but a 1% move on Bitcoin is tiny, and it adjusts the table's "Type" logic perfectly without you ever touching a setting.

3. Reading the Dashboard (The Analytics Table)
This floating table is your automated trading journal. When you switch it to "Daily," here is exactly what it tells you about today and the last 10 days:

Pts (%): The exact size of the Opening Range in points and percentages.

Type (The Prediction Column):

TREND (Green): The ORB range is incredibly tight/coiled (calculated by the Auto-ATR). The market is a compressed spring. Action: Trade the breakout aggressively. Expect a massive trending day.

NORMAL (Gray): A standard opening range. Action: Trade normal breakouts with standard trailing stops.

CHOP (Red): The ORB range is massive. The market has exhausted all its daily energy just in the first 15 minutes. Action: DO NOT buy breakouts. Look to fade the edges (mean reversion) or sell options.

Break: Tells you which direction the candle physically closed outside the ORB (UPPER or LOWER), locking in the trend direction. It says INSIDE if no breakout has happened yet.

Tgt Hit (Maximum Favorable Excursion): * If it says YES (120.5), it means the trade broke out, hit the 1:1 measured target, and went a maximum of 120.5 points in your favor.

If it says +45.0 (Orange), it means a breakout happened, went 45 points in your favor, but reversed before hitting the final target. This tells you where you need to take partial profits.

4. The Institutional Workflow (How to Trade Tomorrow)
At 09:30 AM (or whenever your ORB finishes): Look at the Table.

Check the "Type": If the table flashes CHOP (Red), you immediately know today is likely a trap day. You size down or sit on your hands. If it flashes TREND (Green), you get your capital ready for a big move.

Wait for the Close: You never enter just because the price pokes the blue line. You wait for a 15-minute candle to physically close above the Daily High or below the Daily Low.

Execute & Manage: The moment the Break column registers UPPER or LOWER, you enter the trade. Your stop loss goes just inside the ORB box.

Check the Higher Timeframes: If you are buying a Daily UPPER breakout, check your chart. Is the price also breaking out of the Weekly Orange line? If yes, you hold the trade for a massive swing because multiple timeframes are triggering at once.