OPEN-SOURCE SCRIPT
Orb [LUM3N]
Orb [LUM3N] – Opening Range Breakout Strategy with Confidence Engine
Description
The Orb [LUM3N] script is a precision-engineered Opening Range Breakout (ORB) system designed for intraday and scalping strategies. Built around the first 15–30 minutes of price action, it identifies high-probability breakout entries, confirms momentum using 1-minute signals, and automatically calculates Fibonacci-based profit targets.
Key Features:
✅ Customizable ORB Timeframe (15 or 30 mins)
✅ Dynamic Stop Loss Options (Fixed %, ATR-based, EMA trailing)
✅ Fibonacci Take Profit Targets (1.272 / 1.618 / 2.0)
✅ Retest Logic with Smart Labels (confirms strength after breakout)
✅ Time-Based Exit Functionality (automatically closes trades after X minutes)
✅ Built-in Volume Spike Filter (optional)
✅ Multi-Factor Confidence Score using RSI, MACD Histogram, and VWAP
✅ Live Dashboard displaying entry price, TP levels, live % gain, and signal confidence
The confidence engine uses a weighted scoring system to determine if a breakout is High, Medium, or Low confidence — giving traders more control and clarity.
Ideal for structured day traders looking to automate key rules and reduce guesswork.
Description
The Orb [LUM3N] script is a precision-engineered Opening Range Breakout (ORB) system designed for intraday and scalping strategies. Built around the first 15–30 minutes of price action, it identifies high-probability breakout entries, confirms momentum using 1-minute signals, and automatically calculates Fibonacci-based profit targets.
Key Features:
✅ Customizable ORB Timeframe (15 or 30 mins)
✅ Dynamic Stop Loss Options (Fixed %, ATR-based, EMA trailing)
✅ Fibonacci Take Profit Targets (1.272 / 1.618 / 2.0)
✅ Retest Logic with Smart Labels (confirms strength after breakout)
✅ Time-Based Exit Functionality (automatically closes trades after X minutes)
✅ Built-in Volume Spike Filter (optional)
✅ Multi-Factor Confidence Score using RSI, MACD Histogram, and VWAP
✅ Live Dashboard displaying entry price, TP levels, live % gain, and signal confidence
The confidence engine uses a weighted scoring system to determine if a breakout is High, Medium, or Low confidence — giving traders more control and clarity.
Ideal for structured day traders looking to automate key rules and reduce guesswork.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.